Bone Broth Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Bone Broth Market
The global bone broth market size was valued at USD 1.02 billion in 2022 and is projected to grow from USD 1.08 billion in 2023 to USD 1.62 billion by 2030, exhibiting a CAGR of 5.94% during the forecast period of 2023-2030.
The pandemic has accelerated the income of Bone Broth Market with the help of clients' awareness of making up a healthy eating regimen and the usage of demand for nutritious products. With heightened interest in immunity-boosting foods at some stage in lockdowns, bone broth won popularity for its fitness advantages, impeding the bone broth market growth.
Continued consumer awareness of fitness benefits, the EFFECTS BOON IN DEMAND for easy-label products, and a growing understanding of paleo and keto diets enhance the Bone Broth Market. Additionally, the convenience of ready-to-drink nutrition and online retail availability further boost the market.
Adding bone broth to one's meal agenda provides him/her with several fitness and proper-being advantages, as it's a concentrated supply of vitamins. It comprises one of the vital amino acids, collagen, minerals, and electrolytes and presents crucial nutrients to the frame. Additionally, bone broth is believed to aid intestine fitness and digestion, contributing to ordinary well-being and expanding the bone broth market share globally. The collagen found in bone broth is also related to joint fitness and can assist in lessening irritation. These combined blessings have made bone broth a famous choice for the ones seeking herbal and nutritious food alternatives.
Comprehensive Analysis of Bone Broth Market
The Bone Broth Market is segmented by kind and distribution channel. The chicken section leads because of its affordability, availability, and versatility, while the red meat section is growing in recognition. In distribution, the food service channel holds the most significant marketplace proportion, driven by the rise in eating out and the use of bone broth to beautify flavors in dishes. Retail channels, including supermarkets and online platforms, are increasing as cognizance of bone broth's health advantages will increase, particularly for weight control.
The North American region led the bone broth market by benefitting a size of USD 373.10 million in 2022 due to the increasing intake of hens and the developing variety of animal rendering flowers; the market is experiencing a widespread boom.
The leading players in the bone broth market significantly influence its growth trajectory and establish industry standards. Key companies, including Campbell Soup Company (U.S.), Del Monte Foods (U.S.), Kettle & Fire (U.S.), Bonafide Provisions (U.S.), Essentia Proteins (U.S.), Bare Bones Broth Co. (U.S.), Ancient Nutrition (U.S.), Bluebird Provisions (Canada), Green Pasture Farms (U.K.), and FOND BONE BROTH LLC (U.S.), contribute to a competitive landscape, driving innovation and advancement within the market.
In May 2023, Australian enterprise Nutra Organics unveiled its new range of pork bone-broth concentrates, supplied in numerous flavors: natural beef, lemon ginger, apple cider vinegar, and local herbs. The organization aims to supply ""actual broth"" that provides similar nutritional blessings and specializes in introducing more flavorful concentrates to meet consumer needs.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Unit Value (USD Billion)
Growth Rate CAGR of 5.94% from 2023 to 2030
Segmentation By Type
Chicken
Beef
Turkey
Others
By Distribution Channel
Foodservice
Retail
Supermarkets/Hypermarkets
Specialty Stores
Online Retail
Others
By Geography
North America (By Type, Distribution Channel and Country)
U.S. (By Type)
Canada (By Type)
Mexico (By Type)
Europe (By Type, Distribution Channel and Country)
Germany (By Type)
U.K. (By Type)
Spain (By Type)
Italy (By Type)
France (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, Distribution Channel, and Country)
China (By Type)
India (By Type)
Japan (By Type)
Australia (By Type)
Rest of Asia Pacific (By Type)
South America (By Type, Distribution Channel and Country)
Brazil (By Type)
Argentina (By Type)
Rest of South America (By Type)
Middle East & Africa (By Type, Distribution Channel and Country)
UAE (By Type)
Saudi Arabia (By Type)
Rest of the Middle East & Africa (By Type)
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