According to the report , published by Market Data Forecast, Global Bay Leaf Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021.
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Bay Leaf refers to leaves which are aromatic in nature used for the purpose of cooking.
If they are eaten, they have a sharp, bitter taste and pungent. Like the other flavourings and spices, they are characterized by more smell than taste.
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Myrcene which is used in perfumery is extracted from bay leaf.
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There are several varieties of bay leaf which are available such as California bay leaf, Indian bay leaf, Indonesian bay leaf, bay laurel and west Indian bay leaf among others. Bay laurel is used for the purpose of cooking since they impart distinct flavour and fragrance.
Other mentioned varieties like Indian bay leaf and California bay leaf are also used for the sake of cooking. West Indian bay leaf is used for the purpose of preparing fragrances.
Bay leaves are also used for other purposes such as killing insects among others.
The driving factors of global Bay Leaf market are rising popularity in regions such as Mediterranean, emerging application in cosmetics, usage of leaves in pharmaceuticals and nutraceuticals and various health benefits offered by the leaves such as efficient digestion and nutritional uptake, alleviate respiratory conditions and reducing inflammation in sore joints among others. However, the market is constrained by factors such as the possibility of lauraceae family being toxic in nature.
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The global Bay Leaf market is segmented based on application into food and beverage, pharmaceuticals, cosmetics, nutraceuticals, personal care and others. On the basis of form, the market is divided into whole leaf as grounded powder and oils.
By distribution channels, the market is segmented into manufacturers, distributors, super stockiest, convenience stores and supermarkets.
Food and Beverage
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
5.1.9 Market Share Analysis, By Application
Y-o-Y Growth Analysis, By Form
Market Attractiveness Analysis, By Form
Market Share Analysis, By Form
Y-o-Y Growth Analysis, By Distribution Channel
Market Attractiveness Analysis, By Distribution Channel
Market Share Analysis, By Distribution Channel
The Global Bay Leaf market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Bay Leaf in the world, which is followed by Asia Pacific and Europe regions.
Asia Pacific region is expected to have the fastest growth rate during the forecast period due to rising production in regions such as Japan.
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Some of the major players in the market are McCormick & Company, Inc, Frontier Natural Products Co-op, Anatoli Spices, Mars, Incorporated, Pacific Spice Company, Inc., Zizira, Tea Haven, Just a Little Spice, and others.
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