Bay leaf oil is derived from the Pimenta racemosa species. Pimenta racemose is primarily grown in the Caribbean and a small portion of South America. Bay leaf oil is extracted from the tree's fresh leaves using a specific extraction method. The bay leaf oil is a golden liquid with an unique odour and powerful smell. Bay leaf oil has numerous health benefis such as it provides respiratory relief, it helps in regulating the menstrual flow, helps in healing wounds, supports digestive system, and many others. Moreover, it has significant application in aromatherapy due to its soothing and healing effect. Bay leaf oil has numerous application across various industries such as food & beverage, personal care, and pharmaceuticals, among others.
MARKET SCOPE
The "Global Bay Leaf Oil Market Analysis to 2028" is a specialized and in-depth study of the food & beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bay leaf oil market with detailed market segmentation by category, application, and geography. The report provides key statistics on the market status of the leading bay leaf oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of category, the market is segmented into organic and conventional.
- On the basis of application, the market is segmented into food & beverage, personal care, aromatherapy, and others.
MARKET DYNAMICS
Drivers:
- The bay leaf oil market has seen substantial expansion as people become more aware of its multiple health advantages.
- Furthermore, consumers' growing understanding of the benefits has piqued their interest, resulting in an increase in spice intake.
- Moreover, the global demand for bay leaf is being fueled by the consumption of herbs and spices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The bay leaf oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bay leaf oil market in these regions.
IMPACT OF COVID-19 ON BAY LEAF OIL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the bay leaf oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bay leaf oil market are anticipated to lucrative growth opportunities in the future with the rising demand for bay leaf oil in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bay leaf oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aryan International
- Berj Inc.
- Essential Oils Company.
- Excellentia International
- Fleurchem, Inc.
- Vigon International, LLC
- Wild Oils
- Dominica Essential Oils and Spices Co-operative
- iFRAGRANCE INDIA
- Firmenich Inc.
- Health and Beauty Natural Oils Co., Inc.
- Ozone Naturals
- Kanta Group
- AOS Products Pvt. Ltd.
- Ultraadox
- VERMA FRAGRANCE INDUSTRIES
- Avi Naturals
- AG Industries
- SUNRISE AGRILAND DEVELOPMENT & RESEARCH PVT. LTD.
- Natures Natural India