Stock Cubes Market Is Predicted To Increase At A CAGR Of 4.8% CAGR During 2023 To 2033

The global stock cubes market was worth $7.01 billion in 2022, growing at a CAGR of 3.4% from 2018 to 2022. The market is expected to grow at a 4.8% CAGR and reach US$ 11.74 billion by the end of 2033.
The growing demand for various types of gluten-free cubes is expected to enhance stock cube sales. Furthermore, increased demand for clean labeling and transparency in the majority of food goods is encouraging producers to pursue regulatory body certifications such as non-GMO, organic, gluten-free, hexane-free, vegan, and others, which is fueling market expansion.

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Stock cubes can also be referred to as bouillon cubes or broth cubes. They're often made using dried veggies or beef stock, a tiny amount of hydrogenated oil, spice, and salt. Natural food flavorings such as stock cubes are becoming increasingly popular.
They are extensively used to flavor a variety of foods, including stews and soups. Stock cubes' ability to improve the scent, flavor, and taste of foods is contributing to their growing sales.
The popularity of stock cubes can be ascribed to their relevance in increasing diet diversity and nutrition. They act as a base for various broths and soups, offering a distinct flavor to a variety of sauces and, finally, improving the seductive taste in culinary dishes.

Competitive Landscape:
Key suppliers of stock cubes are launching a wide variety of products to match consumer requirements. They are adopting different strategies, including partnerships, mergers & acquisitions, collaborations, distribution agreements, advertisements, and celebrity endorsements to expand their footprints.

For instance :
Nestlé, in 2020, launched Maggi stock cubes that contain no artificial preservatives or flavors and are produced with natural ingredients.

Unilever's Knorr brand, in 2020, launched products with chicken bouillon that do not contain MSG and are manufactured with natural ingredients.
In 2019, Massel launched vegan stock cubes that are free from dairy, gluten, and other common allergens.

Key Players:
• Nestlé S.A.
• Bell Food Group
• The Kraft Heinz Company
• Hormel Foods Corporation
• PREMIER FOODS
• Kallo Foods Ltd.
• Ajinomoto Co., Inc.
• GBfoods Group
• Caldos Del Norte SL
• Imana Foods (Sa) (Pty) Ltd.
• Goya Foods, Inc.
• Edwards & Sons Trading Company, Inc.
• PRomasidor
• Doyin Group
• Patisen
• Daily-Need Group
• Tesco PLC

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Regional Analysis:

The number of Italian, Chinese, Mexican, and Indian restaurants in the United States is rapidly expanding. They serve a variety of traditional dishes that are supplemented with diverse components. Seasonings and spices like as pepper, cinnamon, parsley, cumin, and paprika are commonly utilized in these recipes. Bouillon cubes' rich flavour is increasing their popularity in the country.

In the United States, noodles and spaghetti are popular meals, and stock cubes play an important role in boosting their tastes. The use of stock cubes in various sauces and soups is increasing sales throughout the country. As a result, base and soup makers are increasingly adding stock cubes into their products, driving increased demand for stock cubes.

Sales of beef-based stock cubes are expected to grow at a CAGR of 4.4% to reach US$ 3.28 billion by 2033.

Beef stock cubes are a good source of protein and come in a variety of forms. The increased popularity of convenience foods as a result of people's hectic lifestyles is expected to drive up demand for beef stock cubes. Furthermore, the growing popularity of beef stock cubes is attributable to their usage in noodles, spaghetti, and curries.

To maximize income, prominent corporations are spending in R&D operations and product advertising. To attract more customers, they are expanding their assortment of beef stock or beef fat powder.

Key Segments of Industry:
• By Product Type :
o Vegetables
o Fish
o Pork
o Chicken
o Beef
• By Nature :
o Organic
o Vegan
o Conventional
• By Form :
o Cubes
o Tablets
By Processing Type :
o Pressed
o Extruded
• By Packaging Format :
o Boxes
o Sachets/Packets
o Jars
• By Sales Channel :
o Food Processing Companies/Brands
o Private Label Brands
o Retail Sales
o Food Service (HoReCa [Hotels, Restaurants, & Cafes])

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This release was published on openPR.