Beef Bone Broth Market to Hit $34.12 Billion by 2033

As per the latest industry analysis by Fact.MR, the global beef bone broth market is forecasted to increase from a valuation of US$ 15.8 billion in 2023 to US$ 34.12 billion by 2033, expanding at a CAGR of 8% from 2023 to 2033.

Beef bones and connective tissues are simmered for several hours to produce the flavorful liquid known as beef bone broth. Vegetables like carrots, onions, and celery are frequently added to it, along with herbs and spices for taste. Due to its many health advantages and many uses, beef bone broth has recently grown significantly in favor among both millennials and the elderly.

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Key Takeaways from Market Study:

• The global beef bone broth market is valued at US$ 15.8 billion in 2023.

• Worldwide sales of beef bone broth are forecasted to increase at a CAGR of 8% from 2023 to 2033.

• Global beef bone broth demand is set to reach a market value of US$ 34.12 billion by 2033.

• Consumption of beef marrow broth is set to rise at a CAGR of 8.8% over the next ten years.
• The market in the United States is estimated to reach US$ 11.33 billion by the end of 2033.

• The market in China is predicted to expand at 10.3% CAGR through 2033.

"Rapid technological innovations such as automated manufacturing of specialty foods and digitalized industrial processes will favorably affect the beef bone broth sector as a whole. It is projected that the processing businesses for beef, fish, and poultry would modernize their production methods to create bone broth without additives," says a Fact.MR analyst

Competitive landscape:

Key beef bone broth producers are focusing on new developments, quality control, product standards, and collaborations to increase their revenue. They are investing in R&D initiatives and increasing production capacity to diversify their product offerings. This will create new business opportunities in the beef bone broth market.

For instance :
• In 2019, a California-based firm called LonoLife, which offers consumers convenient and nutrient-dense goods, including collagen, bone broth, and more, announced the introduction of a new range of bone broth products.

Key Companies Profiled:

• Ancient Nutrition
• Campbell Soup Company
• Australian Bone Broth Co
• Cosmic Molecule
• Barebones Ventures, LLC
• Left Coast Performance
• Bonafide Provisions LLC
• BRI Nutrition LLC
• Broth and Co
• Del Monte Foods Inc.
• Kettle & Fire Inc.
• LonoLife

Key Segments of Beef Bone Broth Industry Research:

• By Pack Size :
• Up to 250 g
• 250 g to 500 g
• Above 500 g

• By Type :
• Beef Marrow Broth
• Beef Knuckle Broth
• Beef Short Rib Broth
• Beef Oxtail Broth

• By Form :
• Concentrate
• Powder
• Liquid

• By Variety :
• Mushroom Soup
• Tomato Soup
• Potato Soup
• Vegetable Soup

• By Sodium Content :
• High Sodium
• Sodium-free

• By End Use :
• Dogs & Cats
• Humans

• By Sales Channel :
• Online
• Offline

• By Region :
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global beef bone broth market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the beef bone broth market based on pack size (up to 250 g, 250 g to 500 g, above 500 g), type (beef marrow broth, beef knuckle broth, beef short rib broth, beef oxtail broth), form (concentrate, powder, liquid), variety (mushroom soup, tomato soup, potato soup, vegetable soup), sodium content (high sodium, sodium-free), end use (dogs & cats, humans), and sales channel (online and offline), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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This release was published on openPR.