What Has Been The Historical And Current Growth Of The Broth Market?
The broth market has seen considerable growth due to a variety of factors.
•In recent times, the broth market has experienced robust growth. Starting from a market size of $5.12 billion in 2024, it is predicted to increase to $5.41 billion in 2025, marking a compound annual growth rate (CAGR) of 5.7%.
Multiple factors have contributed to this growth during the historic period. Key among them are the growing preference for organic and natural food items, the increased emphasis on health, and wellness trends, the booming demand for convenience and ready-to-eat meals, considerations of sustainability and ethical sourcing, and the influence of evolving culinary trends and fusion cuisine.
What Is The Forecast For The Broth Market By 2029?
The broth market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for the broth market to experience robust growth in the forthcoming years. The market is projected to elevate to a worth of $6.62 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%.
This anticipated surge during the forecast period is largely owed to factors such as the emergence of plant-borne and alternative broths, e-commerce and internet-based retail, health-enhancing constituents, globalisation of food tastes, and the advent of broth-infused beverages. The forecast period will also notice key trends such as the advent of innovative packaging strategies, special collaborations and limited edition offerings, subscription services for broth, transparency in product labelling and sourcing, and the introduction of broth-based snacks and condiments.
What Are The Essential Drivers Behind The Growth Of The Broth Market?
The growth of the broth market is projected to be driven by the burgeoning fortified food and beverage sector. The term 'fortified food and beverages' pertains to items that have been enhanced with extra nutrients that are either not naturally found or are present in insufficient quantities. Bone broth in particular is seen as a wholesome, natural supply of vitamins, minerals, and proteins, augmenting its appeal to health-centric consumers. For example, a report issued by Agriculture and Agri-Food Canada, a government agency in Canada, revealed in February 2022 that the retail sales value of fortified and functional foods and beverages in the United States escalated to $68.9 billion in 2021. Moreover, these are set to hit $79.1 billion in 2025, a growth of 3.5% from 2021. Thus, the escalating fortified food and beverage sector is fueling the broth market.
How Is The Global Broth Market Divided Into Key Segments?
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 Trends Are Reshaping The Future Of The Broth Market?
The emerging trend in the broth market is primarily driven by product innovation. Major players in the market are focusing on generating innovative products to secure their market leadership. For example, an American company specializing in natural and organic food products, Z Natural Foods, launched their instant chicken bone broth soup base powder in March 2023. This provides a simple method for consumers to reap the health benefits of bone broth. The natural product comprises organic ingredients like chicken bone broth, carrots, tomatoes, shiitake mushrooms, and onions. This nutrient-rich and appetizing mix simplifies the process of making delectable soups, stews, sauces, and other culinary delights.
Who Are the Key Players 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
What are the Regional Insights into the Broth Market?
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
