Press release
Key Factor Supporting Stock Cubes Market Development in 2025: Savoring Convenience Escalating Demand For Ready-To-Eat Meals Propels Growth In The Stock Cube Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Stock Cubes Market Size By 2025?
The market size for stock cubes has robustly expanded in the last few years. The growth is estimated to increase from $7.23 billion in 2024 to about $7.62 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the historic period include shifts in consumer eating habits, expansion of the food processing industry, increased urbanization, the growth of disposable incomes, and an expanded network of retail distribution channels.
How Big Is the Stock Cubes Market Size Expected to Grow by 2029?
Expectations are high for robust expansion in the stock cubes market over the coming years, with projections suggesting a surge to $9.29 billion by 2029 at a compound annual growth rate (CAGR) of 5.1%. The predicted growth during the forecast period is due to factors such as a boost in the demand for convenience foods, heightened consumer awareness about nutritional virtues, e-commerce platform expansion, escalating population and urbanization, and an emphasis on product innovation. The forecast period is also anticipated to see the evolution of creative flavours and blends, a growing preference for organic and natural components, the shift towards sustainable and environment-friendly packaging, bespoke stock cubes, and a rising emphasis on health and wellness trends.
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Which Key Market Drivers Powering Stock Cubes Market Expansion and Growth?
The escalating consumer preference for easy-to-prepare foods is anticipated to fuel the expansion of the stock cube market in the future. These convenience foods, which can quickly be heated and readied regardless of their state-be it frozen, dried, or canned-often incorporate stock cubes to ramped up their flavor and simplify meal creation. This falls in line with the consumer's increasing urge for meals that are not only quick to whip up but also flavorful. For example, the Food and Drinks Malaysia by SAIL Group - a food and beverage fair in Malaysia - shared data in July 2023 indicating a predicted growth of 3.0% in the volume of the convenience food industry by 2023, estimated to hit 7,829.2 kg by 2027. Hence, this rising demand for convenience foods is triggering the growth of the stock cube market.
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Which Fast-Growing Trends Are Poised to Disrupt the Stock Cubes Market?
The emergence of product innovations is becoming a prominent trend in the stock cube market. Leading companies active in this space are focusing on the development of novel products to solidify their market standing. One such example is Unilever, a consumer packaged goods company from the UK who, in April 2023, introduced Knorr Mitin Shiro, a fresh stock cube powder. The product was influenced by Shiro Wat, a traditional Ethiopian chickpea stew, and supplemented with Vitamin A to promote overall growth and wellness, aiming specifically to combat the micronutrient deficiency found in Ethiopia.
What Are the Emerging Segments in the Stock Cubes Market?
The stock cubes market covered in this report is segmented -
1) By Type: Cubes, Granules, Powder, Other Types
2) By Product Type: Vegetables, Fish, Pork, Chicken, Beef
3) By Packaging Format: Boxes, Sachets Or Packets, Jars
4) By Nature: Organic, Vegan, Conventional
5) By Sales Channel: Food Processing Companies And Brands, Private Label Brands, Retail Sales, Food Service
Subsegments:
1) By Cubes: Vegetable Stock Cubes, Chicken Stock Cubes, Beef Stock Cubes, Fish Stock Cubes
2) By Granules: Instant Granulated Stock, Seasoning Granules
3) By Powder: Powdered Vegetable Stock, Powdered Chicken Stock, Powdered Beef Stock
4) By Other Types: Liquid Stock Concentrates, Stock Paste, Bouillon
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Who Are the Global Leaders in the Stock Cubes Market?
Major companies operating in the stock cubes market include Nestle SA, Tesco PLC, Unilever PLC, The Kraft Heinz Company, Ajinomoto Co. Inc., McCormick and Company Inc., Goya Foods Inc., Promasidor, Patisen, Ariake Group, OXO Foods, International Dehydrated Foods Inc., Edwards and Sons Trading Company Inc., Imana Foods (SA) (PTY) Ltd., Kallo Foods Ltd., Rapunzel Naturkost GmbH, GB Foods SA, Caldos del Norte SL, Massel Australia Pty. Ltd., Marigold Health Foods Ltd., Golden Penny Foods, Anhui Zhenweiqi Seasoning Food Ltd., Crosse and Blackwell
Which are the Top Profitable Regional Markets for the Stock Cubes Industry?
Asia-Pacific was the largest region in the stock cubes market in 2024. The regions covered in the stock cubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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