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.
Request A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=12461&type=smp
The global broth market exhibits a noteworthy trajectory, poised for substantial growth. In the year 2022, the market boasted a valuation of $4.55 billion, and according to robust projections, it is expected to ascend to $4.83 billion by the culmination of 2023. This impressive advancement corresponds to a commendable compound annual growth rate (CAGR) of 6.1%.
However, it is crucial to contextualize this growth within the broader global economic landscape. The destabilizing impact of the Russia-Ukraine conflict has cast a shadow over the world’s prospects for recovering from the lingering impact of the COVID-19 pandemic. This protracted war has, regrettably, triggered far-reaching repercussions, manifesting as economic sanctions against multiple nations, an upward surge in commodity prices, and alarming supply chain disruptions. These disturbances have, in turn, instigated inflationary pressures across an extensive spectrum of goods and services, thereby exerting significant influence on various global markets.
Looking forward, the broth market is poised to exhibit resilience and persistence. By the year 2027, it is anticipated to reach an impressive valuation of $5.91 billion, boasting a steady CAGR of 5.1%. This underscores the remarkable adaptability of this segment within the broader economic panorama, demonstrating its ability to navigate turbulent times and continue its trajectory of growth.
The burgeoning fortified food and beverage sector is poised to serve as a potent catalyst for the burgeoning broth market. Fortified food and beverages epitomize products infused with an array of essential nutrients that may either be lacking or insufficient in their natural form. Notably, the spotlight shines brightly on broth, particularly bone broth, revered for its reputation as a veritable wellspring of vital vitamins, minerals, and proteins. This esteemed status has endeared it to a discerning community of health-conscious consumers.
For instance, a February 2022 report from Agriculture and Agri-Food Canada, a reputable Canadian government agency, revealed that the retail sales of fortified and functional foods and beverages in the United States surged from $67.9 billion in 2020 to an impressive $68.9 billion in 2021. The upward trajectory is anticipated to continue, with projected sales reaching a substantial $79.1 billion by 2025, reflecting a robust 3.5% increase compared to 2021. Consequently, the burgeoning fortified food and beverage industry stands as a driving force behind the thriving broth market.
Get More Information On The Broth Market Report:
https://www.thebusinessresearchcompany.com/report/broth-global-market-report
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
………….
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
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
