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Pulished Date February, 2020
ID: 3777
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Global Bay Leaf Market By Application (Food And Beverage, Pharmaceuticals, Cosmetics, Nutraceuticals, Personal Care And Others), By Form (Grounded Powder And Oils), By Distribution Channel (Manufacturers, Distributors, Super Stockiest, Convenience Stores And Supermarkets) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2020 – 2025)

Pulished: February, 2020
ID: 3777
Pages: 180

Bay Leaf Market Growth and Forecast (2020-2025):

The global Bay Leaf Market size was assessed at USD xx billion in 2020 and is deemed to reach a valuation of USD xx billion by 2025 at a CAGR of 6.0% during the conjecture time. The rise in the call for the organic bay leaf is expected to accelerate the growth of the global bay leaf market.

Market Overview:

Bay leaf is a fragrant leaf commonly used in cooking to improve the taste of food. This leaf is also used for a variety of medicinal purposes around the world. Bay leaf can be used in the form of crushed dry flakes or whole dried or fresh leaves for a variety of uses. These leaves come from many different names in different regions, such as Bay Laurel, California Bay Reef, Indian Bay Reef, and so on. This sheet is used to prepare a variety of food dishes, such as casseroles, fish sauces, soups, confectionery, meat, and other dishes. Not only fruits, but also leaves contain drugs, stimulants and properties. The oil extracted from the leaves is also used as a flavoring agent in food. Bay leaves also have hypoglycemia, ulceration prevention, antibacterial and antifungal properties.

Recent Developments in Bay Leaf Industry:

  • In June 2019, Feragaia launched an alcohol-free spirit on the UK market. This spirit contains 14 plants, including laurel, algae and chamomile, mixed by hand.
  • In June 2018, Naturevibe Botanicals entered the market in India with the introduction of herbal powder. The company will finally launch 30-40 products containing spices and herbal teas. The enterprise envisions improving its operations in areas like Australia and Europe.
  • Bay Reef became the first medicinal plant in the state of Uttarakhand, India, and was registered with the Geographical Indicators Registry Office (Chennai, India). The Uttarakhand bay leaf is also known as Sweet Tej Patta that can be employed to make Ayurvedic formulations. The registration of geographical indicators will help to increase the demand for laurel.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

6.0%

Segments Covered

By Form, Application, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Pacific Spice Company, Inc, Alpina Organic Company, Red Stick Spice Co, McCormick & Company, Inc, Frontier Co-op, Anatoli Spices, Mountain Rose Herbs, Forest Product Co. Ltd, Hoby Agriculture and others.

Bay Leaf Market Growth:

The rising adoption in various industries like the food and beverage, the personal care and cosmetics, and the healthcare industry across the globe, is an important factor that is anticipated to accelerate the growth of the global market during the outlook period.

Drivers:

The global bay leaf market is driven by aspects like a rising call for culinary applications and an external portfolio of medical advantages benefits in the areas of the Asia Pacific and the Mediterranean. This is because rapidly increasing consumption is used in the food and beverage industry, the cosmetics market, and primarily in products to improve hair health. The market includes other medicines and functional foods, but consumers are aware of their health regarding concerns arising from the excessive use of these types of products. It also helps control diabetes, promotes efficient digestion and nutrition, alleviates respiratory disease, reduces inflammation caused by joints and arthritis, and reduces levels of the stress hormone. Laurel oil is also used in aromatherapy due to its strong fragrance that promotes long-term growth. The inclusion of Bay leaf in various seasonally cooked and processed foods and drinks intensifies taste and nutritional values. This is an important factor that is expected to accelerate growth in the target market during the projection period. Increasing health awareness among people and increasing the prevalence of functional foods and drugs is another key factor that is assumed to accelerate global market growth during the prediction period.

Additionally, another important factor supposed to accelerate growth in the target market for a predictable period is the bay leaf health variety that helps control diabetes, reduce respiratory conditions, decrease stress, and control hormone levels. Bay leaf adoption increases bay leaf adoption. In addition, the use of laurel oil in cosmetics is increasing due to strong aromas such as aromatherapy, personal care, and shampoo, soap, and detergent. These are other key factors that are likely to increase demand for laurel worldwide during the forecast period. The demand for the bay leaf is foreseen to progress in a remarkable way during the outlook period, with a variety of applications in cooking, beauty and skincare, functional food application, and insect repellent. It also reduces pigmentation and unifies skin tone. Bay leaf powder can be combined with coconut oil and applied to the scalp to reinforce follicles of hair. The application of this broad bay leaf to other industries will drive the growth of the global bay market during the estimated period. In addition to being used in food and beverages, the use of cosmetics is another new application for baby leaves due to its properties such as improving hair health.

Restraints:

There are very few restrictions on the global bay leaf market, but it is obvious, such as the confusion between people related to other plants in the Rose family, which can be toxic. Confusion between users of various laurel plants, where alternative products are available on the market can be practically toxic. These are a few elements that are likely to impede the development of the global market.

Bay Leaf Market Segmentation Analysis:

By Form:

  • Grounded Powder  
  • Oils   

By Application:

  • Food And Beverage
  • Pharmaceuticals     
  • Cosmetics   
  • Nutraceuticals       
  • Personal Care        

By Distribution Channel:

  • Manufacturers       
  • Distributors 
  • Super Stockiest      
  • Convenience Stores
  • Supermarkets        

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

In terms of region, the global bay leaf market has been classified into six main regions, including North America, Latin America, Europe, APEJ, Japan, and the Middle East and Africa. The bay leaf market is expected to post healthy growth in the coming years due to high demand for spices in a variety of end-user applications worldwide. The Asia Pacific Bay Leaf market is determined to contribute the largest share in terms of revenue in the global market, and it is expected to maintain its leadership during the conjecture period. This is due to the presence of prominent companies with an increasing demand for bay leaf powder and essential oils in various industries in the countries of the region. In addition, the APEJ region occupies a healthy part of the consumption of meat products, and the spice component is mainly used for the development of food and drink products.

Asia-Pacific is deemed to dominate the global bay leaf market due to factors such as rapid economic development, globalization, and demand for spices in the food and beverage industry and its sub-vertical elements. The bay leaf market in the Asia-Pacific area is also expected to witness rapid growth during the calculated period, particularly due to growth in the food and beverage industry in China and India. The North American bay leaf market is assessed to record significant growth in the future in the global marketplace. Bay Leaf market is predicted to grow significantly until the end of the anticipated period. Pharmaceutical consumption in the region is expected to add value to the region's healthcare industry. In Europe, because people in the countries of this region increase awareness of the medical properties of bay leaf in various food dishes and increase the use of the bay leaf. South Africa is likely to be one of the best bay leaf manufacturers that can appreciate the region's production. The Middle East market is expected to show medium to small growth in the global Bay Leaf market.

Key Players in the Market:

Major Key Players in the Global Bay Leaf Market are

  • Pacific Spice Company, Inc                  
  • Alpina Organic Company            
  • Red Stick Spice Co           
  • McCormick & Company, Inc                 
  • Frontier Co-op                
  • Anatoli Spices                 
  • Mountain Rose Herbs                
  • Forest Product Co. Ltd               
  • Hoby Agriculture

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design                  

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees                  

4. Market Dynamics                            

          4.1 Impact Analysis                  

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Bay Leaf Market, By Form              

                   6.1.1 Grounded Powder   

                   6.1.2 Oils    

                   6.1.3 Market Size Estimations & Forecasts (2020 - 2025) 

                   6.1.4 Y-o-Y Growth Rate Analysis       

                   6.1.5 Market Attractiveness Index       

          6.2 Bay Leaf Market, By Application               

                   6.2.1 Food And Beverage 

                   6.2.2 Pharmaceuticals     

                   6.2.3 Cosmetics    

                   6.2.4 Nutraceuticals        

                   6.2.5 Personal Care

                   6.2.6 Market Size Estimations & Forecasts (2020 - 2025) 

                   6.2.7 Y-o-Y Growth Rate Analysis       

                   6.2.8 Market Attractiveness Index       

          6.3 Bay Leaf Market, By Distribution Channel           

                   6.3.1 Manufacturers        

                   6.3.2 Distributors  

                   6.3.3 Super Stockiest      

                   6.3.4 Convenience Stores

                   6.3.5 Supermarkets         

                   6.3.6 Market Size Estimations & Forecasts (2020 - 2025) 

                   6.3.7 Y-o-Y Growth Rate Analysis       

                   6.3.8 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Global Identity Governance and Administration Market, by Region              

          7.2 North America - Market Analysis (2020  - 2025)                  

                   7.2.1 By Country   

                             7.2.1.1 USA

                             7.2.1.2 Canada

                   7.2.2 By Form       

                   7.2.3 By Application        

                   7.2.4 By Distribution Channel    

          7.3 Europe            

                   7.3.1 By Country   

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Form       

                   7.3.3 By Application        

                   7.3.4 By Distribution Channel    

          7.4 Asia Pacific               

                   7.4.1 By Country   

                             7.4.1.1 China

                             7.4.1.2 India

                             7.4.1.3 Japan

                             7.4.1.4 South Korea

                             7.4.1.5 South East Asia

                             7.4.1.6 Australia & NZ

                             7.4.1.7 Rest of Asia-Pacific

                   7.4.2 By Form       

                   7.4.3 By Application        

                   7.4.4 By Distribution Channel    

          7.5 Latin America            

                   7.5.1 By Country   

                             7.5.1.1 Brazil

                             7.5.1.2 Argentina

                             7.5.1.3 Mexico

                             7.5.1.4 Rest of Latin America

                   7.5.2 By Form       

                   7.5.3 By Application        

                   7.5.4 By Distribution Channel    

          7.6 Middle East and Africa         

                   7.6.1 By Country   

                             7.6.1.1 Middle East

                             7.6.1.2 Africa

                   7.6.2 By Form       

                   7.6.3 By Application        

                   7.6.4 By Distribution Channel    

8. Key Player Analysis                         

          8.1 Pacific Spice Company, Inc            

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Alpina Organic Company               

          8.3 Red Stick Spice Co              

          8.4 McCormick & Company, Inc           

          8.5 Frontier Co-op          

          8.6 Anatoli Spices           

          8.7 Mountain Rose Herbs          

          8.8 Forest Product Co. Ltd                  

          8.9 Hoby Agriculture                 

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Form, Application, Distribution Channel and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Global Bay Leaf Market By Region, From 2020-2025 ( USD Billion )
  2. Global Bay Leaf Market By Form, From 2020-2025 ( USD Billion )
  3. Global Grounded Powder Market By Region, From 2020-2025 ( USD Billion )
  4. Global Oils Market By Region, From 2020-2025 ( USD Billion )
  5. Global Bay Leaf Market By Application, From 2020-2025 ( USD Billion )
  6. Global Food And Beverage Market By Region, From 2020-2025 ( USD Billion )
  7. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  8. Global Cosmetics Market By Region, From 2020-2025 ( USD Billion )
  9. Global Nutraceuticals Market By Region, From 2020-2025 ( USD Billion )
  10. Global Personal Care Market By Region, From 2020-2025 ( USD Billion )
  11. Global Bay Leaf Market By Distribution Channel, From 2020-2025 ( USD Billion )
  12. Global Manufacturers Market By Region, From 2020-2025 ( USD Billion )
  13. Global Distributors Market By Region, From 2020-2025 ( USD Billion )
  14. Global Super Stockiest Market By Region, From 2020-2025 ( USD Billion )
  15. Global Convenience Stores Market By Region, From 2020-2025 ( USD Billion )
  16. Global Supermarkets Market By Region, From 2020-2025 ( USD Billion )

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