Press release
Bay Leaf Market : Growth, Demand and Key Players to 2025
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The bay leaf market is anticipated to grow at a significant CAGR owing to its widespread uses. The use of bay leaf for its culinary application is more popular in the countries falling in the Mediterranean and Asia Pacific regions. Apart from the use in food & beverage, the other emerging applications of the baby leaf are its utilizations in cosmetics owing to its characteristics such as improvement in hair health.
Furthermore, it can be employed in pharmaceuticals and nutraceuticals as it aids in managing diabetes, helps to alleviate respiratory conditions, facilitates efficient digestion and nutrient intake, aids in lowering the amounts of stress hormone, aids in reducing inflammation caused by sore joints and arthritis and the like. The strong aroma of bay leaf makes it suitable for the use as an ingredient in essential oils for aromatherapy. The restraints of bay leaf market are few although evident such as the confusion amongst the people associated to the different plants of Lauraceae family which might be toxic.
Regional outlook: -
The consumption of bay leaf is expected to increase in Eastern and Western Europe and North America due to the increasing demands of avocado extract product in these regions. Asia-pacific region is the leading producer and is likely to keep the same production in the forecast period followed by other region like Japan and South Africa. South Africa has potential to become one of the leading bay leaf manufacturer as production in this region is appreciable. Middle-East is expected to show low to moderate growth in the bay leaf market.
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Market Key players:-
Some of the key players in the Bay Leaf market globally 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. The bay leaf market is projected to grow over the forecast period with growing demand for nutrient rich products.
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