Global Broth Market Growth Drivers 2024, Forecast To 2033
8 Mar, 2024
The broth market has experienced significant growth, with its size set to rise from $4.83 billion in 2023 to $5.12 billion in 2024, at a CAGR of 5.9%. This growth is fueled by increasing interest in natural and organic foods, convenience, and sustainability. Future growth is anticipated, reaching $6.25 billion in 2028, driven by plant-based alternatives, e-commerce, and innovations in packaging and labeling, reflecting consumer preferences for health and wellness.
Global Broth Market Key Driver
The broth market flourishes due to the rising fortified food and beverage industry, catering to health-conscious consumers. The Agriculture and Agri-Food Canada report forecasts substantial growth in fortified food sales, substantiating the broth market's trajectory.
Get A Free Sample Of The Global Broth Market ReportGlobal Broth Market Segments
The broth market covered in this report is segmented –
1) Type:Chicken Broth, Beef Broth, Vegetable Broth, Seafood Broth, Other Types
2) Category:Organic, Conventional
3) Nature:Shelf Stable, Refrigerated
4) Distribution Channel:Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Other Distribution Channels
By Geography: The countries covered in the broth market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the broth market in 2023. 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
Major Broth Industry Players
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.; LorAnn Oils; College Inn; Savory Creations International Inc.; LonoLife; Paleo Broth Company LLC; BRODO Kitchen; Bonafide Provisions LLC; Bone Broths Co.; Osso Good Co.; and Barebones Ventures LLC.
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Broth Market Overview
The broth is a flavorful liquid made by simmering meat, bones, vegetables, or herbs in water. It is commonly used as a base for soups, stews, sauces, and other dishes and is seasoned with salt, herbs, and spices to enhance its flavor.