The global Bay Leaf Market Growth Accelerated by Rising Convenience Food Demand
Bay leaves are aromatic leaves that are used as a seasoning or herb in various cuisines. They add flavor and fragrance to soups, stews, rice dishes, sauces, baked goods and meats. The demand for processed and convenience food products has been growing significantly, fueled by changing lifestyles and busy schedules. Bay leaves are widely used in processed foods and convenience meals for its fragrance and flavor enhancing properties. The global Bay Leaf Market is estimated to be valued at US$ 887.4 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing demand for convenience food has been a key driver accelerating the growth of the bay leaf market . Bay leaves are commonly used seasoning in instant noodles, soups and other ready-to-eat meals due to its distinctive aroma and taste. With rising urbanization and busy lifestyles, consumers are inc...