Broth Market, Such As Fish and Seafood Broths, Gaining Traction

The broth market is projected to reach US$ 6,315.40 million by 2028 from US$ 5,180.51 million in 2022. It is expected to register a CAGR of 3.4% from 2022 to 2028.

The broth market includes a wide variety of products, such as chicken broth, beef broth, vegetable broth, fish broth, and bone broth. These products can be sold in liquid or powdered form and can be found in both refrigerated and non-refrigerated sections of grocery stores.

The broth market has experienced significant growth in recent years due to increasing consumer demand for healthy and convenient food options. Broths are often promoted as a source of protein, collagen, and other nutrients that can promote gut health, joint health, and overall well-being. Additionally, broths are a popular ingredient in many diets, such as the paleo and keto diets, which has also contributed to the growth of the broth market.

Overall, the broth market is expected to continue to grow in the coming years as consumers seek out healthy and convenient food options.

Impact of COVID-19 Pandemic on Broth Market

The COVID-19 pandemic has had a significant impact on the broth market, as it has on many other industries. Here are some of the ways in which the pandemic has affected the broth market:

  • Increased demand: As more people started cooking at home during the pandemic, the demand for broth increased. Broth was seen as a pantry staple that could be used in a variety of dishes and was a popular ingredient in many quarantine cooking recipes.
  • Supply chain disruptions: The pandemic disrupted supply chains around the world, making it difficult for some companies to source the ingredients needed to make broth. This led to some shortages and price increases.
  • Shifts in consumer behavior: The pandemic has changed the way that many people shop for groceries. With more people buying groceries online and opting for contactless delivery or pickup, companies in the broth market have had to adapt their distribution channels to meet changing consumer needs.
  • Health and wellness focus: The pandemic has increased awareness around the importance of health and wellness, which has led to increased interest in products like bone broth, which is promoted for its health benefits.

Overall, the pandemic has had both positive and negative effects on the broth market. While the increased demand has been a boon for some companies, supply chain disruptions and shifts in consumer behavior have presented challenges. However, the trend towards health and wellness is expected to continue, which bodes well for the long-term growth of the broth market.

The List of Companies - Broth Market

  • The Manischewits Co         
  • Barebones Ventures LLC    
  • Bonafide Provisions LLC     
  • The Hain Celestial Group Inc        
  • Look's Gourmet Food Company Inc         
  • Kettle & Fire Inc     
  • Del monte Foods Inc         
  • Zoup Specialty Products LLC        
  • Campbell Soup Co            
  • Epic Provisions LLC

Broth Market Country Demand

The demand for broth varies by country and can be influenced by factors such as cultural traditions, dietary habits, and availability of ingredients. Here are some examples of how broth demand differs in different countries:

United States: In the United States, chicken and beef broth are the most popular types of broth. Broth is commonly used as a base for soups, stews, and gravies, and is often sold in cartons or cans in grocery stores.

China: In China, broth has a long history and is an important ingredient in many dishes. Chinese cuisine features a variety of broths, including chicken, pork, and fish broth. Many Chinese people also drink broth as a health tonic, and it is sometimes served as a soup before meals.

Italy: In Italy, broth is an essential ingredient in many traditional dishes, such as risotto and minestrone soup. Broth is often made from beef, chicken, or veal bones, and is simmered with herbs and vegetables for several hours to create a rich, flavorful base.

Japan: In Japan, dashi broth is a staple in many dishes, including miso soup, udon noodles, and tempura. Dashi is made from dried fish, kombu seaweed, and other ingredients, and has a light, savory flavor.

Mexico: In Mexico, broth is often used as a base for soups, stews, and sauces. Chicken and beef broth are the most popular types, and are often flavored with chiles, garlic, and other spices.

Overall, the demand for broth varies widely by country, but it is a popular ingredient in many cuisines around the world.

Broth Market Insights

Here are some additional insights related to the broth market:

  • Health and wellness: Broth is often marketed as a healthy food option due to its high protein content and potential health benefits. As consumers become more health-conscious, the demand for broth is likely to increase.
  • Sustainability: The production of broth often involves using animal bones, which can be a way to reduce waste and promote sustainability. Some companies are marketing their broths as eco-friendly products, which could be a selling point for environmentally conscious consumers.
  • Innovation: While traditional broths made from meat or vegetable scraps have been around for centuries, there is also room for innovation in the broth market. Companies are exploring new flavors, ingredients, and packaging formats to appeal to modern consumers.
  • Convenience: Broth is often used as a base for soups and stews, which are popular comfort foods that require time and effort to prepare. To appeal to busy consumers, some companies are offering pre-made soup kits that include broth and other ingredients, making it easier to cook at home.
  • Ethnic and cultural influences: As the demand for global flavors continues to grow, there is an opportunity for broth producers to explore traditional recipes and ingredients from different cultures. This could help introduce consumers to new and unique flavors while also capitalizing on the popularity of ethnic cuisine.

The trends and projections from industry experts, it is likely that the broth market will continue to grow in popularity in 2023 and beyond. The market has seen an increase in demand for healthier and more natural food products, which has driven the development of new and innovative broth products, including vegetable-based and mushroom-based broths. Additionally, the popularity of bone broth as a superfood is expected to continue, as more consumers seek out nutrient-rich foods to support their health and wellness goals. Overall, the broth market is expected to remain a strong and growing segment of the food and beverage industry in the coming years.

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