Press release
Global Bone Broth Market is Expected to Driven the Growing Fortified Food & Beverage Industry & Dietary Supplement Industry By 2025
Bone Broth Market: Introduction:
Bone broth is a soupy preparation of bone and bone cartilage of chicken or beef. Bone broth is consumed due to its versatile nutritional composition and high protein content. The bone broth is slow-cooked for more than half a day to form a uniform broth and its taste is welcomed across all the region. The bone broth is also processed into powder to form an animal protein additive. The rising health and wellness food and beverage demand globally are anticipated to result in the extensive growth of the bone broth market. The products in bone broth market are targeted towards the consumer base looking for a benefiting animal source in a convenient and easy to consume way. The bone broth products contain essential minerals such as calcium and magnesium in larger amount unlike other animal protein based products giving a competitive edge over other animal protein sources resulting in growing demand globally.
Bone Broth Market: Segmentation:
The bone broth market is segmented on the basis of origin, source, type, and distribution channel.
On the basis of origin, the bone broth market can be segmented into chicken and beef. The chicken segment is expected to dominate the global bone broth market regarded to its easy availability and larger acceptance over varied demographics.
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On the basis of source, the bone broth market can be segmented into organic and conventional. The organic segment is expected to dominate the global bone broth market owing to its preference by the targeted consumer base. The conventional bone broth to see demand owing to its lesser cost.
On the basis of type, the bone broth market can be segmented into, ready-to-cook, ready-to-drink, and others. Ready-to-cook bone broth segment is expected to dominate over the forecast period due to flexibility in broth consistency according to the consumer. The ready-to-drink segment to see higher growth rates resulted by increasing working population who prefer lesser preparation time.
On the basis of application, the bone broth market can be segmented into fortified foods, fortified beverages, dietary supplements and pharmaceuticals. Fortified food and fortified beverage are anticipated to dominate the global bone both market due to higher consumption by this sector.
On the basis of the distribution channel, the bone broth market can be segmented into direct and indirect. The indirect segment is further sub-segmented into modern trade, specialty stores, e-commerce and other store formats.
Bone Broth Market: Region-wise Outlook:
North America and Europe to dominate the bone broth market over the forecast period owing to its rising protein consumption in the region. Also, the advent of fortified food preference in the region is anticipated to fuel the growth of the bone broth market in the region. Asia-Pacific and Latin America to see substantial growth rates over the forecast period resulted by the increasing fortified food and beverage demand in the region. More both the region extensively follows the North American flooding trends which are also attributed to helping bone broth market to penetrate easily in the region. The Middle East and Africa region with its growing urban population are anticipated to create a healthy demand for bone broth products over the forecast period.
Bone Broth Market: Drivers and Restraints:
The global bone broth market is expected to be driven the growing fortified food and beverage industry and dietary supplement industry. The production of bone broth is cost-effective than other animal protein production and involves the use of by-product meat industry as input which is anticipated to drive manufacturers to invest more into the market making it more sustainable and profitable. Added benefits like the presence of macro and micronutrient in good proportion with a high concentration of protein are expected to drive the consumer towards bone broth products as an alternative to other protein sources resulting in substantial growth over the forecast period.
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Presence of alternative product and advent of veganism is anticipated to result in restraint over the forecast period for the global bone broth market
Bone Broth Market: Key Players:
The global player for the Bone Broth market are Vital Protein LLC., Kettle and Fire Inc., BRU Broth LLC., Paleo Pro LLC., Ancient Nutrition, Broth of Life, and Ostheobroth
The report covers exhaustive analysis on:
Bone Broth Market Segments
Bone Broth Market Dynamics
Historical Actual Market Size, 2012–2016
Bone Broth Market Size & Forecast, 2017 to 2025
Supply & Demand Value Chain
Bone Broth Market Current Trends/Issues/Challenges
Competition & Companies in The Market
Technology
Value Chain
Bone Broth Market Drivers and Restraints
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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