PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517384
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517384
Global Bouillon Cubes Market Size Study, by Type (Vegetable, Beef, Chicken, Fish, Others), by Distribution Channel (Store-based, Non-Store-based), and Regional Forecasts 2022-2032
The Global Bouillon Cubes Market is valued at approximately USD 4.5 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.82% over the forecast period 2024-2032. Bouillon cubes, which are concentrated broth or stock cubes, have become essential ingredients in enhancing the flavor of soups, stews, and other culinary preparations. Their convenience, coupled with the growing consumer preference for quick-to-prepare and nutritious food products, is propelling the market growth. Additionally, advancements in production methods, along with increased R&D efforts, are driving the market forward. The market is witnessing a surge in demand for clean-label and organic products, fueled by increasing health consciousness among consumers. This trend is prompting manufacturers to seek certifications such as non-GMO, organic, and vegan, further bolstering market growth. Moreover, the development of new products and flavors to cater to evolving consumer preferences is expected to create lucrative opportunities in the market.
The Global Bouillon Cubes Market is experiencing robust growth, driven by several key factors. The increasing demand for convenience foods, coupled with rising consumer awareness of the health benefits of bouillon products, is boosting market growth. Additionally, the shift towards adopting healthy eating practices and the preference for transparent and clean-label products are contributing to market expansion. The introduction of innovative product forms, such as stock paste and stock powder, is also enhancing market visibility and shelf space. Furthermore, the rise in consumer awareness regarding the health benefits of bouillon cubes, such as their high content of proteins, vitamins, and minerals, is a significant growth driver.
The key regions considered for the global bouillon cubes market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in 2023, attributed to the rise in disposable income and the growing popularity of modern lifestyles. Europe accounted for the second-largest market share, driven by the increasing trend towards veganism and the demand for plant-based meat substitutes. The Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period, owing to population growth and the adoption of Western culture in countries like China and India.
Major market players included in this report are:
- Nestle S.A.
- Goya Foods Inc.
- International Dehydrated Foods Inc.
- The Unilever Group
- Proliver Bvba
- Southern Mills Inc.
- Henningsen Foods Inc.
- McCormick & Company
- The Kraft Heinz Company
- Hormel Foods Corporation
- Mars, Incorporated
- Ajinomoto Co., Inc.
- Kikkoman Corporation
- Campbell Soup Company
- B&G Foods, Inc.
The detailed segments and sub-segment of the market are explained below:
By Type:
- Vegetable
- Beef
- Chicken
- Fish
- Others
By Distribution Channel:
- Store-based
- Non-Store-based
Common content for 'Report Description':
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Bouillon Cubes Market Executive Summary
- 1.1. Global Bouillon Cubes Market Size & Forecast (2022- 2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Distribution Channel
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Bouillon Cubes Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Bouillon Cubes Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rise in demand for convenience foods
- 3.1.2. Increasing consumer awareness of health benefits
- 3.1.3. Demand for clean-label and organic products
- 3.2. Market Challenges
- 3.2.1. Environmental impact of production and disposal
- 3.2.2. High logistics costs
- 3.3. Market Opportunities
- 3.3.1. Technological advancements in production
- 3.3.2. Introduction of innovative product forms
Chapter 4. Global Bouillon Cubes Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Bouillon Cubes Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Bouillon Cubes Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Vegetable
- 5.2.2. Beef
- 5.2.3. Chicken
- 5.2.4. Fish
- 5.2.5. Others
Chapter 6. Global Bouillon Cubes Market Size & Forecasts by Distribution Channel 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Bouillon Cubes Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Store-based
- 6.2.2. Non-Store-based
Chapter 7. Global Bouillon Cubes Market Size & Forecasts by Region 2022-2032
- 7.1. North America Bouillon Cubes Market
- 7.1.1. U.S. Bouillon Cubes Market
- 7.1.1.1. Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Bouillon Cubes Market
- 7.1.1. U.S. Bouillon Cubes Market
- 7.2. Europe Bouillon Cubes Market
- 7.2.1. U.K. Bouillon Cubes Market
- 7.2.2. Germany Bouillon Cubes Market
- 7.2.3. France Bouillon Cubes Market
- 7.2.4. Spain Bouillon Cubes Market
- 7.2.5. Italy Bouillon Cubes Market
- 7.2.6. Rest of Europe Bouillon Cubes Market
- 7.3. Asia-Pacific Bouillon Cubes Market
- 7.3.1. China Bouillon Cubes Market
- 7.3.2. India Bouillon Cubes Market
- 7.3.3. Japan Bouillon Cubes Market
- 7.3.4. Australia Bouillon Cubes Market
- 7.3.5. South Korea Bouillon Cubes Market
- 7.3.6. Rest of Asia Pacific Bouillon Cubes Market
- 7.4. Latin America Bouillon Cubes Market
- 7.4.1. Brazil Bouillon Cubes Market
- 7.4.2. Mexico Bouillon Cubes Market
- 7.4.3. Rest of Latin America Bouillon Cubes Market
- 7.5. Middle East & Africa Bouillon Cubes Market
- 7.5.1. Saudi Arabia Bouillon Cubes Market
- 7.5.2. South Africa Bouillon Cubes Market
- 7.5.3. Rest of Middle East & Africa Bouillon Cubes Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Nestle S.A.
- 8.1.2. McCormick & Company
- 8.1.3. The Kraft Heinz Company
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Goya Foods Inc
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. International Dehydrated Foods Inc.
- 8.3.3. The Unilever Group
- 8.3.4. Proliver Bvba
- 8.3.5. Southern Mills Inc.
- 8.3.6. Henningsen Foods Inc.
- 8.3.7. Hormel Foods Corporation
- 8.3.8. Mars, Incorporated
- 8.3.9. Ajinomoto Co., Inc.
- 8.3.10. Kikkoman Corporation
- 8.3.1. Goya Foods Inc
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
