Global Bone Broth Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bone Broth Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Bone broth is made by simmering the bones and connective tissue of animals. This highly nutritious stock is commonly used in soups, sauces and gravies. It has also recently gained popularity as a health drink. Bone broth dates back to prehistoric times, when hunter-gatherers turned otherwise inedible animal parts like bones, hooves and knuckles into a broth they could drink. People can make bone broth using bones from just about any animal — pork, beef, veal, turkey, lamb, bison, buffalo, venison, chicken or fish.

Moreover, drinking bone broth may be beneficial for the joints and digestive system, among other things. The bones and tissues of many types of animal may make good bone broth. Bone broth also contains other important nutrients, especially minerals, derived from these tissues. This may make bone broth a beneficial dietary supplement for many people.

Market Overview:

The latest research study on the global Bone Broth market finds that the global Bone Broth market reached a value of USD 195.18 million in 2022. It’s expected that the market will achieve USD 338.17 million by 2028, exhibiting a CAGR of 9.59% during the forecast period.

The outbreak of COVID-19 is affecting almost every region in the world. Each region has been affected by a significant growth and demotion. East Asia and the Pacific will grow by only 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa will contract by 2.8%, the Middle East and North Africa will contract by 4.2%, Europe and Central Asia will contract by 4.7%, and Latin America will contract by 7.2%. These downturns are expected to reverse years of progress towards achieving development goals and plunge thousands of people into extreme poverty. Emerging markets and developing economies will be hit by economic resistance from multiple quarters: a weak medical system, losses in trade and tourism, reduced remittances, insufficient capital flows, and increasing debt pressures that have led to tight financial conditions. Developed economies are expected to reduce 7%. This crisis has exceeded the speed of the global economy, and a global recession has become inevitable.
Due to the pandemic of COVID-19, the global economy is expected to lose nearly US$8.5 trillion in output value in the next two years, which will erase almost all the gains of the previous four years. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s, while the economic downturn at the beginning of the year was only 2.1%. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. By 2030, 130 million people may join the ranks of the extremely poor, which has hit the global efforts to eliminate extreme poverty and hunger. This epidemic has greatly damaged low-skilled and low-paying jobs, while at the same time making high-skilled jobs less affected, which will further increase income inequality within and between countries.

Increasing health and wellness food and beverage demand worldwide is the major driving factor for the growth of the market. Bone broth contains readily available nutrients and minerals that may help keep the body working at its best. There may be additional benefits to bone broth that research is still to uncover. For now, bone broth is a highly nutritious drink that may support the body and many of its functions. There are many reasons for incorporating good-old-fashioned bone broth into the diet. The following health benefits attest to its status as good medicine. It helps heal and seal the gut and promotes healthy digestion. The gelatin found in bone broth is a hydrophilic colloid. It attracts and holds liquids, including digestive juices, thereby supporting proper digestion. It reduces joint pain and inflammation, courtesy of chondroitin sulfates, glucosamine, and other compounds extracted from the boiled down cartilage. It promotes strong, healthy bones. Bone broth contains high amounts of calcium, magnesium, and other nutrients that play an important role in healthy bone formation. It promotes healthy hair and nail growth, thanks to the gelatin in the broth. It can be said that all the advantages of Bone Broth are the driving force for the development of the industry and have a beneficial impact on the industry. Here are some of the main advantages of bone broth.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Kettle and Fire is one of the major players operating in the Bone Broth market, holding a share of 8.75% in 2020.

Kettle and Fire is a company offering bone broth made with organic ingredients and bones from grass-fed cows. It combines marrow bones with organic vegetables and filtered water in steel kettles. The company sells a variety of soups via its ecommerce platform. Kettle & Fire is the leading shelf-stable bone broth brand. Kettle and Fire slow-simmer the 100% grass-fed, grass-finished and organic bones for 10 to 20 hours or more to pull out all the collagen, protein, and amino acids into nutrient-rich bone broth. The result is a bone broth that gives your body the nutrients it needs to thrive. Available on the website and in more than 6500 stores nationwide, including Whole Foods, HEB, Sprouts, and Wegmans, Kettle & Fire offers three delicious beef and chicken bone broth flavors and four varieties of soups, including Tomato, Butternut Squash, Miso, and Thai Curry .

Bare Bones is a San Diego-based nutrition company and tastemaker providing premium nutrition through real food. Bare Bones’s full menu of products includes ready-to-use bone broth, instant bone broth, instant coffee creamer, and collagen protein. As a leading innovator in the bone broth space, the company has provided wellness seekers convenient, quality protein and collagenenriched products that deliver essential nutrients with no added sugars. Bare Bones’s mission is to create products that infuse the day with essential goodness, using only what is needed and nothing else.

Segmentation Overview:

Among different product types, Liquid segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Dietary Supplements segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bone Broth market covered in Chapter 3:

Perfect Supplements LLC
Bare Bones
Broth of Life
Kettle and Fire
Vital Protein
Ancient Nutrition
Osso Good Company
Epic Bone Broth
Bonafide Provisions, LLC
Protein Essentials LLC
LONOLIFE

In Chapter 4 and Chapter 14.2, on the basis of types, the Bone Broth market from 2018 to 2029 is primarily split into:

Powder
Liquid
Tablet
Bars

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bone Broth market from 2018 to 2029 covers:

Fortified Foods
Fortified Beverages
Dietary Supplements
Pharmaceuticals

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)