Bay Leaf Market: Overview The bay leaves, scientifically known as Laurus Nobilis are leaves of a small tree found in the Mediterranean region. The world over the presence of Laurel trees has now declined due to the changing global climate scenario. The various types of bay leaves include California bay leaf, Bay laurel, Indonesian bay leaf, Indian bay leaf, or Indonesian laurel, West Indian bay leaf and Mexican bay leaf. They are used for culinary and medicinal applications since historical times. They are also used in fish sauces, stews, soups, meat, and confectionaries. The leaves, as well as fruits, contain narcotic, stimulant and properties. The oils extracted from the leaves are also used in the spices and as flavorings in the food. Bay Leaves also have hypoglycemic, anti ulcerogenic, anti-bacterial and anti-fungal properties.
Bay Leaf Market: Drivers & Restraints The primary factors driving the growth of the bay leaf market are growing demand for culinary applications, and health benefits widespread in the Asia-Pacific and Mediterranean regions. The rapidly increasing consumption owes to its usage in food & beverage industry, cosmetics markets, mainly hair health improvement products. While the market is submerged with other pharmaceuticals and nutraceutical products, consumers are inclining toward health awareness of the concerns rising from the surplus usage of these type of products. Also, it helps in controlling diabetes, facilitate efficient digestion and nutrient intake, and alleviate respiratory conditions, aids in reducing inflammation caused by sore joints and arthritis, helps in lowering stress hormone level. Bay leaf oil is also used in aromatherapy due to its strong aroma which will fuel growth in the long-term.
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There are few restraints of bay leaf market such as the confusion amongst the people between the different plants of this family that might be toxic.
Bay Leaf Market: Market Segmentation
Based on the product type the bay leaf market is segmented into:
Based on the application type the bay leaf market is segmented into:
Based on the usage type the bay leaf market is segmented into:
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Bay Leaf Market: Regional Outlook Regarding geography, Bay Leaf market has been categorized into six key regions including North America, Latin America, Europe, APEJ, Japan, and the Middle East & Africa. Bay Leaf market is expected to register healthy growth in upcoming years due to high demand for spices in various end-user application across the globe. Asia-Pacific represents the considerably high market share and grows with the relatively high share in the forecast period. APEJ is experiencing the rapid increase in the production capacity of Bay Leaf as demand for spices, and essential oils are high in the region.
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