Global Stock Cubes Market Share 2024, Forecast To 2033
8 Mar, 2024
The stock cubes market has grown, reaching $6.84 billion in 2023, projected to hit $7.23 billion in 2024, with a 5.7% CAGR. Factors include dietary preference changes, food processing growth, urbanization, disposable income rise, and retail expansion. Expected to reach $8.77 billion by 2028, driven by convenience food demand, nutritional awareness, e-commerce expansion, population growth, and innovation. Trends include flavor blends, organic ingredients, eco-friendly packaging, customization, and health/wellness focus.
Global Stock Cubes Market Key Driver
The stock cube market is poised for growth due to increasing demand for convenience foods, which are easy and quick to prepare. These foods often utilize stock cubes to enhance flavor and simplify meal preparation, catering to consumers' desire for quick and tasty dishes. In Malaysia, the convenience food sector is projected to expand by 3.0% in volume by 2027, reaching 7,829.2 kg, according to data from Food and Drinks Malaysia by SAIL Group.
Get A Free Sample Of The Global Stock Cubes Market ReportGlobal Stock Cubes Market Segments
The stock cubes market covered in this report is segmented –
1) Type:Cubes, Granules, Powder, Other Types
2) Product Type:Vegetables, Fish, Pork, Chicken, Beef
3) Packaging Format:Boxes, Sachets Or Packets, Jars
4) Nature:Organic, Vegan, Conventional
5) Sales Channel:Food Processing Companies And Brands, Private Label Brands, Retail Sales, Food Service
By Geography: The countries covered in the stock cubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the stock cubes market in 2023. The regions covered in the stock cubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Stock Cubes Industry Players
Nestle SA; Tesco PLC; Unilever PLC; The Kraft Heinz Company; Hormel Foods Corporation; Ajinomoto Co. Inc.; McCormick and Company Inc.; Bell Food Group; 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.; Knoor; Crosse and Blackwell
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Stock Cubes Market Overview
A stock cube is a small cube-shaped block made from dried meat or vegetable extract that has been compressed and put into a cube shape. It adds flavor to soups, stews, sauces, and other dishes.