Broth System Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2022-2028

The "Broth Market" is projected to reach US$ 6,315.40 million by 2028 from US$ 5,180.51 million in 2022. It is expected to register a CAGR of 3.4% from 2022 to 2028.

The broth is a savory liquid that has a thin consistency. It is made by boiling meat, fish, vegetables, bones, and other ingredients such as seasonings and flavors in water. Broths serve as rich sources of protein and are usually consumed before or during meals. They possess unique flavors and aromas, which is adding to their popularity among consumers who are concerned about their health but don't want to compromise on taste and flavor.

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Companies Profiled in this report includes:

• The Manischewits Co
• Barebones Ventures LLC
• Bonafide Provisions LLC
• The Hain Celestial Group Inc
• Look's Gourmet Food Company Inc
• Kettle & Fire Inc
• Del monte Foods Inc
• Zoup Specialty Products LLC
• Campbell Soup Co
• Epic Provisions LLC

Based on region, the broth market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, North America held the largest share of the broth market, and Asia Pacific is estimated to register the fastest CAGR over the forecast period. The broth market in North America is segmented into the US, Canada, and Mexico. The North America broth market is segmented into the US, Canada, and Mexico. A majority of the population in the region is adopting a healthy lifestyle. They prefer consuming food and beverages with high nutritional value that provide immunity boost and other health benefits, especially after the onset of the COVID-19 pandemic. For example, broth is mainly consumed due to its nutritional composition with high protein content. Thus, the North America broth market is growing due to the rising demand for healthy food and beverages among the consumers across the region. Moreover, the rising consumption of convenience food in the region further accelerate the demand for broth. According to the SPINS Data, the retail sales of shelf stable bone broth increased by US$ 5.83 million in 2017 than the sales in previous year. Thus, such increasing demand for bone broth is further expected to drive the broth market growth in the region.

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Broth Market Segmentation:

By Type:
• Chicken Broth
• Beef Broth
• Seafood Broth
• Vegetable Broth

By Category:
• Organic
• Conventional

By Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail

The overall broth market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs; business development managers; market intelligence managers; national sales managers; and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the broth market.

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