The Reports and Insights, a leading market research company, has recently releases report titled “Broth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Broth Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Broth Market?
The global BROTH market size reached US$ 5.4 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 7.4 billion in 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
What are Broth?
Broth is a savory liquid created by simmering meat, bones, or vegetables in water, sometimes with added herbs, spices, and seasonings. It forms the foundation for soups, stews, and sauces, providing a flavorful and nutrient-rich base derived from the ingredients. Broth is a versatile ingredient in cooking, adding richness and depth to dishes, and can also be consumed alone as a comforting and nutritious drink.
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What are the growth prospects and trends in the Broth industry?
The broth market growth is driven by various factors and trends. The broth market is steadily expanding, driven by increasing consumer interest in convenient and nutritious food options. Broths, valued for their flavor-enhancing qualities and versatility, are in high demand as a base for various dishes and as standalone beverages. This growth is fueled by a preference for natural and healthy ingredients, with many broths marketed as gluten-free, organic, and free from artificial additives. Moreover, the growing recognition of broth’s health benefits, including its high protein content and potential immune-boosting properties, is contributing to its popularity and market growth. Hence, all these factors contribute to broth market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
- Meat-based Broths
- Vegetable Broths
- Fish and Seafood Broths
- Bone Broths
- Specialty Flavored Broths
By Nature:
- Conventional Broths
- Organic Broths
By Form:
- Liquid Broths
- Powdered Broths
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Foodservice Providers
By End-User:
- Household
- Food and Beverage Industry
- Restaurants and Food Outlets
- Institutional Catering
- Other Commercial Uses
Segmentation By Region:
North America:
- United States
- Canada
Europe:
- Germany
- The U.K.
- France
- Spain
- Italy
- Russia
- Poland
- BENELUX
- NORDIC
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- South Korea
- ASEAN
- Australia New Zealand
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Argentina
Middle East Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
Who are the key players operating in the industry?
The report covers the major market players including:
- Campbell Soup Company
- The Kraft Heinz Company
- Nestlé S.A.
- Pacific Foods of Oregon, LLC
- Imagine Foods, Inc.
- Bonafide Provisions
- The Hain Celestial Group, Inc.
- Kettle & Fire
- College Inn
- Wolfgang Puck Worldwide, Inc.
- College Inn Culinary Broth
- O Organics
- Manischewitz Company
- Aneto Natural
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