Market Overview:
The global bay leaf market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bay leaves from the food and beverage industry, pharmaceutical industry, cosmetics and personal care industry, and others. Additionally, the growing awareness about the health benefits of bay leaves is also contributing to the growth of this market.
Product Definition:
A bay leaf is an aromatic leaf of the laurel family, Lauraceae. It is typically used to flavor soups, stews, and braises. The leaves are green on one side and brown on the other.
Flake:
Flake is a form of dry ice also known as solid carbon dioxide. It is usually made up of impurities and other gases which are extracted from the mines. The method used to make flake is different than that used to make block or cube, it takes two steps where as Cube only takes one step.
Powder:
Powder is a fine, dry, and granular form of the drug. It is used in Bay Leaf Market to treat colds and coughs as it contains active ingredients like expectorant and anti-inflammatory drugs. It also finds its use in treating bronchitis due to its ability to thin the mucous membranes of the respiratory tract. Powder forms are more convenient than pills as they can be easily administered by being put into drinks or food without having any adverse effect on them.
Application Insights:
The food and beverage industry accounted for the largest share of 72.5% in 2017. The product is widely used in the preparation of soups, stews, sauces, dry seasoning products such as ras el hanout and harissa paste as well as fresh seasoning products such as chimichurri sauce. Furthermore, bay leaf is added to various foods to enhance their flavor and aroma including chicken soup, beef stew, lamb shank soup and vegetable soup among others.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high consumption of bay leaf in several cuisines. Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 due to increasing product demand from pharmaceutical and food and beverage industries. The strong presence of multinational companies, which are investing heavily for research and development activities, will drive growth further. For instance, Dr. Reddy's Laboratories Limited has introduced a new variety of dried leaves called DRL-G2 that exhibits reduced levels of linalool and gamma terpinenitrile (TNT) with improved quality as compared with traditional varieties used in cooking flavors across various applications such as curries, stews, sauces & gravies etc.
Growth Factors:
- Increasing demand for organic food products
- Rising health awareness among consumers
- Growing popularity of herbal supplements and remedies
- Proliferation of online retail channels
- Expanding distribution network of Bay Leaf manufacturers and suppliers
Scope Of The Report
Report Attributes
Report Details
Report Title
Bay Leaf Market Research Report
By Type
Flake, Powder
By Application
Food and Beverage Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, Others
By Companies
McCormick, Anatoli Spices, Pacific Spice, Just a Little Spice, Mountain Rose Herbs, Hoby Agriculture and Forest Product, Sultar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Bay Leaf Market Report Segments:
The global Bay Leaf market is segmented on the basis of:
Types
Flake, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- McCormick
- Anatoli Spices
- Pacific Spice
- Just a Little Spice
- Mountain Rose Herbs
- Hoby Agriculture and Forest Product
- Sultar
Highlights of The Bay Leaf Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flake
- Powder
- By Application:
- Food and Beverage Industry
- Pharmaceutical Industry
- Cosmetics and Personal Care Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bay Leaf Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bay leaves are the dried leaves of a shrub or small tree in the laurel family, Lauraceae. They are used as a flavoring and seasoning agent in many foods.
Some of the major players in the bay leaf market are McCormick, Anatoli Spices, Pacific Spice, Just a Little Spice, Mountain Rose Herbs, Hoby Agriculture and Forest Product, Sultar.
The bay leaf market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bay Leaf Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bay Leaf Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bay Leaf Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bay Leaf Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bay Leaf Market Size & Forecast, 2020-2028
4.5.1 Bay Leaf Market Size and Y-o-Y Growth
4.5.2 Bay Leaf Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Flake
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food and Beverage Industry
6.2.2 Pharmaceutical Industry
6.2.3 Cosmetics and Personal Care Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bay Leaf Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bay Leaf Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Flake
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food and Beverage Industry
9.10.2 Pharmaceutical Industry
9.10.3 Cosmetics and Personal Care Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Flake
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food and Beverage Industry
10.10.2 Pharmaceutical Industry
10.10.3 Cosmetics and Personal Care Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Flake
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food and Beverage Industry
11.10.2 Pharmaceutical Industry
11.10.3 Cosmetics and Personal Care Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Flake
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food and Beverage Industry
12.10.2 Pharmaceutical Industry
12.10.3 Cosmetics and Personal Care Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Flake
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food and Beverage Industry
13.10.2 Pharmaceutical Industry
13.10.3 Cosmetics and Personal Care Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bay Leaf Market: Competitive Dashboard
14.2 Global Bay Leaf Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 McCormick
14.3.2 Anatoli Spices
14.3.3 Pacific Spice
14.3.4 Just a Little Spice
14.3.5 Mountain Rose Herbs
14.3.6 Hoby Agriculture and Forest Product
14.3.7 Sultar
