(Entertainment-NewsWire.com, December 22, 2017 ) Latin America 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. 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. Myrcene which is used in perfumery is extracted from bay leaf.
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 Latin America 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.
Market Segmentation
Application
Food and Beverage
Pharmaceuticals
Cosmetics
Nutraceuticals
Personal Care
Other Applications
Form
Oils
Grounded Powder
Distribution Channel
Manufacturers
Distributors
Super Stockiest
Convenience Stores
Supermarkets
The Latin America 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.
The Latin America Bay Leaf market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as various health benefits offered and rising application in food and cosmetics is expected to drive the growth of this market in the region.
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.
Scope of the Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Application, Form, Distribution Channel, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the Regional market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
