The Business Research Company’s Stock Cubes 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 Stock Cubes Global Market Report 2023 evaluates stock cubes 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.
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The global stock cubes market is expected to grow from $6.45 billion in 2022 to $6.84 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The stock cubes market is expected to reach $8.31 billion in 2027 at a CAGR of 5%.
The growing demand for convenience foods is expected to propel the growth of the stock cube market going forward. Convenience foods refer to food that can be heated and prepared quickly and easily, whether frozen, dried, or canned. Stock cubes are frequently used in convenience food products to improve flavor and streamline meal preparation to satisfy consumer demand for dishes that can be prepared quickly and taste well. For instance, in July 2023, as per the data released by Food and Drinks Malaysia by SAIL Group, a food and beverage exhibition in Malaysia, the convenience food sector is predicted to increase by 3.0% in volume in 2023 to reach 7,829.2 kg by 2027. Therefore, the growing demand for convenience foods drives the stock cube market.
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The stock cubes market segments in the report are:
1) By Type: Cubes, Granules, Powder, Other Types
2) By Product Type: Vegetables, Fish, Pork, Chicken, Beef
3) By Packaging Format: Boxes, Sachets Or Packets, Jars
4) By Nature: Organic, Vegan, Conventional
5) By Sales Channel: Food Processing Companies And Brands, Private Label Brands, Retail Sales, Food Service
The table of contents in TBRC’s stock cubes market report includes:
- Executive Summary
- Stock Cubes Market Characteristics
- Stock Cubes Market Trends And Strategies
- Stock Cubes Market – Macro Economic Scenario
- Stock Cubes Market Segmentation.
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- Global Stock Cubes Market Competitive Benchmarking
- Global Stock Cubes Market Competitive Dashboard
- Key Mergers And Acquisitions In The Stock Cubes Market
- Stock Cubes Market Future Outlook and Potential Analysis
- Appendix
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