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Prominent Broth Market Trend for 2025: Z Natural Foods Sets A New Standard In Broth Innovation With Instant Chicken Bone Broth Soup Base Powder
Which drivers are expected to have the greatest impact on the over the broth market's growth?The boom in the fortified food and beverage sector is anticipated to fuel the broth market's expansion. Fortified foods and beverages are those enhanced with additional nutrients not naturally present or those found in limited quantities. Broth, particularly bone broth, is considered a nourishing, natural source of proteins, vitamins, and minerals, thus making it a favorite for health-focused consumers. For example, a report published by Agriculture and Agri-Food Canada in February 2022 indicated that the retail sales value for fortified or functional foods and beverages in the United States rose to $68.9 billion in 2021. Furthermore, these figures are predicted to grow to $79.1 billion in 2025, a 3.5% increase from 2021. Consequently, the burgeoning fortified food and beverage sector is promoting the broth market's growth.
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What is the future CAGR of the broth market, and how will it impact industry expansion?
The size of the broth market has experienced significant expansion in the past few years. The projections are that it will increase from $5.12 billion in 2024 to $5.41 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. This historical growth is due to various factors like an amplified focus on natural and organic food products, emerging health and wellness trends, the popularity of convenience and ready-to-eat foods, emphasis on sustainability and ethical sourcing, as well as evolving culinary trends and fusion cuisine.
In the subsequent years, the broth market size is projected to witness robust growth. The market value is predicted to reach $6.62 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.2%. Factors driving this growth during the forecast period include the popularity of plant-based and alternative broths, the rise of e-commerce and online retailing, and the increasing interest in functional and health-boosting ingredients. Additionally, the global spread of culinary preferences and the emergence of broth-based beverages also contribute to this growth. Key trends anticipated during this forecast period include the advent of inventive packaging solutions, collaborations, and limited-edition offerings. Furthermore, broth subscription services, transparency in product labeling and sourcing, along with broth-based snacks and condiments are also predicted to trend in this market.
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What are the most significant trends transforming the broth market today?
Product novelty is becoming a major trend in the broth market. The leading firms in this sector are focused on developing inventive products to solidify their market standing. For instance, in March 2023, Z Natural Foods, known for its organic and natural food products in the US, launched its instant chicken bone broth soup base powder. This invention has made it easier to reap the health perks of bone broth. It includes organic components like chicken bone broth, carrots, tomatoes, shiitake mushrooms, and onions. This nutritious and tasteful blend simplifies the process of preparing tasty soups, stews, sauces, and other culinary dishes.
Which key market segments comprise the broth market and drive its revenue growth?
The broth market covered in this report is segmented -
1) By Type: Chicken Broth, Beef Broth, Vegetable Broth, Seafood Broth, Other Types
2) By Category: Organic, Conventional
3) By Nature: Shelf Stable, Refrigerated
4) By Distribution Channel: Super markets And Hyper markets, Convenience Stores, Online Retail, Other Distribution Channels
Subsegments:
1) By Chicken Broth: Homemade Chicken Broth, Packaged Chicken Broth, Organic Chicken Broth
2) By Beef Broth: Homemade Beef Broth, Packaged Beef Broth, Organic Beef Broth
3) By Vegetable Broth: Homemade Vegetable Broth, Packaged Vegetable Broth, Organic Vegetable Broth
4) By Seafood Broth: Fish Broth, Shellfish Broth, Packaged Seafood Broth
5) By Other Types: Bone Broth, Instant Or Powdered Broth, Specialty Broths
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What regions are at the forefront of broth market expansion?
North America was the largest region in the broth market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the broth market?
Major companies operating in the broth market include Unilever plc, Ajinomoto Co. Inc., Campbell Soup Company, McCormick & Company Inc., The Hain Celestial Group Inc., Del Monte Foods Inc., Goya Foods, Swanson Health Products, Pacific Foods of Oregon LLC, Old Neighborhood Foods, Custom Culinary Inc., Frontier Natural Products Co-op, Progresso, Belcampo Group Inc., Look's Gourmet Food Company Inc., The Manischewitz Company, Kettle & Fire Inc., Shalit Foods Inc., College Inn, Savory Creations International Inc., LonoLife, Paleo Broth Company LLC, BRODO Kitchen, Bonafide Provisions LLC, Bone Broths Co., Osso Good Co., Barebones Ventures LLC
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What Is Covered In The Broth Global Market Report?
• Market Size Forecast: Examine the broth market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the broth market for a structured understanding.
• Key Players Overview: Analyze major players in the broth market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the broth market.
• Segment Contributions: Evaluate how different segments drive overall growth in the broth market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the broth market.
• Industry Challenges: Identify potential risks and obstacles affecting the broth market.
• Competitive Landscape: Review strategic developments in the broth market, including expansions, agreements, and new product launches.
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