Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Bouillon Market Size is Estimated to Grow from USD 8.72 Billion in 2023 to USD 13.17 Billion by 2033, Growing at a CAGR of 4.21% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Bouillon Market Size, Share, and COVID-19 Impact Analysis, By Product (Fish, Meat, Vegetables, and Others), By Form (Powder, Cube, and Liquid), By Distribution Channel (Supermarkets & Hypermarkets, Online, Convenience, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Bouillon, which is often referred to as broth, is made by stewing bones, water, meat, or vegetables in hot liquid. The market's expansion was driven by rising convenience food demand as well as growing knowledge of the nutritional value and health advantages of bouillon products, which are high in proteins, vitamins, and minerals. Further driving the need for bouillon products that accommodate these dietary concerns is the growing popularity of vegan and gluten-free diets. The overall market demand is anticipated to be driven during the forecast period by people's shifting lifestyles and propensity to choose simple, healthful food products. Furthermore, the bouillon market has grown owing in large part to the food manufacturing and hotel sectors. In various cuisines, bouillon is a basic ingredient that is frequently used in food preparation and processing. Bouillon products are in high demand due to the growing number of quick-service restaurants and food processing companies throughout the world. In addition, the food manufacturing industry's emphasis on quality assurance and food safety has increased consumer demand for premium bouillon products. However, the bouillon market will face additional challenges during the forecast period due to the growth in the prevalence of toxic flavoring agents, which is one of the main reasons acting as a restraint.
The meat segment accounted for the largest market share of 49.63.% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the bouillon market is categorized into fish, meat, vegetables, and others. Among these, the meat segment accounted for the largest market share of 49.63.% in 2023 and is expected to grow at a significant CAGR during the forecast period. Owing to the growing need of consumers for meals that are delicious and rich in flavor. The richness and complexity of meat-based bouillon preparations make them popular for adding flavor to a variety of recipes. Discovering ready-to-use food products that make cooking easier without sacrificing flavor is a trend that is consistent with this tendency for tasty and practical meal options. Since they are frequently high in proteins, vitamins, and minerals, meat bouillon products are a popular choice for consumers who are concerned about their health and want to give their meals more nutritious content.
The cube segment is anticipated to hold the highest revenue share of the global bouillon market through the projected period.
Based on the form, the bouillon market is classified into powder, cube, and liquid. Among these, the cube segment is anticipated to hold the largest revenue share of the global bouillon market through the projected period. Owing to the growing need for quick and easy cooking options. Bouillon cubes are a quick and simple method to add flavor to a variety of recipes. In cities where fast-paced lifestyles need effective cooking techniques, this convenience component is especially alluring. Additionally, the market has been boosted by the rising demand for processed and ready-to-eat meals. Demand for bouillon cubes, which give these meals depth and richness, has increased as more people choose these dietary options.
The supermarkets and hypermarkets segment accounted for the largest market share of 42.78% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the bouillon market is divided into supermarkets & hypermarkets, online, convenience, and others. Among these, the supermarkets and hypermarkets segment accounted for the largest market share of 42.78% in 2023 and is expected to grow at a significant CAGR during the forecast period. These stores are widely accessible to a wide range of customers due to their planned placement in urban and metropolitan locations. Their extensive reach guarantees that a wide variety of consumers can easily obtain bouillon products. Additionally, these stores usually provide a large selection of bouillon products in a variety of appears and shapes to accommodate a wide range of customer preferences. The convenience and diversity in these stores improve the shopping experience and increase revenue.
Europe is expected to hold the largest share of the bouillon market through the forecast period.
Europe is expected to hold the largest share of the bouillon market through the forecast period. The bouillon market is driven by several important factors including the growing demand for convenience foods by consumers, their preference for flavor enhancers, and the increased emphasis on eating healthily. Strong established bouillon brands and a thriving food manufacturing sector that regularly launches novel and inventive bouillon products, such as those with lower sodium and improved nutritional value, define the European market. Demand for bouillon in Europe is further fueled by the growing acceptance of fortified foods and the increased knowledge of the health advantages of specific components, such as vitamins and minerals.
Asia Pacific is predicted to grow at the fastest CAGR of the bouillon market over the forecast period. Bouillon products are frequently used to produce rich and savory dishes in the many culinary traditions of the APAC region, which include Chinese, Japanese, Indian, and Southeast Asian cuisines. Additionally, there is a growing demand for bouillon products devoid of artificial additives and preservatives as a result of customers' growing awareness of the health advantages of natural and organic ingredients. The market for bouillon products made from vegetables and without gluten has been further boosted by the growing popularity of vegan and gluten-free diets.
Company Profiling
Major key players in the bouillon market include Nestlé, Hormel Foods Corporation, International Dehydrated Foods, Inc., McCormick & Company, Incorporated, The Kraft Heinz Company, Inc., Goya Foods, Inc., Proliver, Homegrown Family Foods, The Unilever Group, Michael Foods, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the bouillon market based on the below-mentioned segments:
Global Bouillon Market, By Product
Global Bouillon Market, By Form
Global Bouillon Market, By Distribution Channel
Global Bouillon Market, By Regional Analysis
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