AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Bay Leaf Oil market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Bay Leaf Oil market.
The Distribution Channel, such as Online, is boosting the Bay Leaf Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Grade, such as Food Grade, is boosting the Bay Leaf Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Bay Leaf Oil market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are High Demand from Food & Beverage Industry Is the Key Driver and Growing Cosmetic Industry Is Further Driving the Demand for the Product.
Bay Leaf oil is obtained after distilling the steam from leaves of the bay tree found in Asia. Bay oil mainly originated in the West Indies, Dominica, South America. Bay is a native plant in the Southern Mediterranean area, found in warm climate regions. In addition, it is commercially grown in Algeria, Morocco, Portugal, Spain, Italy, France, Turkey and Mexico. Bay leaf essential oil has been used in treating dandruff, rheumatism, migraine pain, arthritis. Additionally, it is added to cosmetic products like soaps, creams, and perfumes. The European Union is the world’s biggest importer of essential oils (with France, Germany, and UK being the major importing countries). The USA is the world’s largest importing country of essential oils followed by Japan.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Bay Leaf Oil market by Type (Absolute, Concentrates and Blends), by Application (Medical, Food Products, Cosmetics and Homecare) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market