The Business Research Company’s Broth Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Broth Global Market Report 2023 evaluates broth market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global broth market is poised for substantial growth, projecting a rise from $4.55 billion in 2022 to an estimated $4.83 billion in 2023, reflecting a notable compound annual growth rate (CAGR) of 6.1%. However, the ongoing Russia-Ukraine conflict has exerted a significant impact on the trajectory of global economic recuperation from the COVID-19 pandemic. The warfare has precipitated far-reaching consequences, encompassing economic sanctions imposed on multiple nations, a notable upswing in commodity prices, and disruptions in supply chains, consequently instigating a pervasive inflationary trend in both goods and services, thereby affecting myriad markets on a global scale. Anticipatively, the broth market is slated to burgeon to approximately $5.91 billion by the year 2027, showcasing a projected CAGR of 5.1%.
The burgeoning fortified food and beverage sector is anticipated to significantly propel the trajectory of the broth market in the foreseeable future. Fortified edibles and potables encompass products enriched with supplemental nutrients that either exist in inadequate quantities or are not naturally occurring. Among these, broth, particularly bone broth, stands out as a notably nutritious and inherently sourced reservoir of essential vitamins, minerals, and proteins, garnering favor among health-conscious individuals.
Notably, a report by Agriculture and Agri-Food Canada, a governmental entity based in Canada, divulged that the retail sales value of fortified or functionally enhanced comestibles and beverages in the United States surged to $68.9 billion in 2021, up from $67.9 billion in 2020. Projections indicate a further increase to $79.1 billion by 2025, showcasing a 3.5% rise in comparison to the figures of 2021. Thus, the escalating fortified food and beverage industry profoundly influences the trajectory of the broth market.
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The broth market segments in the report are:
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: Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Other Distribution Channels
The table of contents in TBRC’s broth market report includes:
1. Executive Summary
2. Broth Market Characteristics
3. Broth Market Trends And Strategies
4. Broth Market – Macro Economic Scenario
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32. Global Broth Market Competitive Benchmarking
33. Global Broth Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Broth Market
35. Broth Market Future Outlook and Potential Analysis
36. Appendix
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