Broth Market: Global Industry Analysis and Opportunity Assessment 2017-2024 GMI Estimate

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Broth Market is estimated to surpass USD 2.8
Billion by 2025
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Key Insights from Broth Market

• Shifting consumer preference regarding
  animal-based stock as an effective protein source
  is expected to drive broth market growth during
  the forecast timespan. Increasing awareness
  towards health benefits including enhancement of
  protein synthesis, hydration, immunity and weight
  loss will support product penetration.
• Rise in the occurrence of several health issues
  including arthritis and leaky gut syndrome due to
  improper diet will boost industry. Rising
  preference for healthy diet to prevent expensive
  medical treatment is projected to boost broth
  market expansion.
• Advancement in food production and processing
  technologies, including digitalized and
  automation, industrial process will support
  product penetration. Manufacturing capacity
  additions and increasing RD investments in the
  latest technologies will positively impact broth
  market share.
• Well recognition of bone broth in the U.S.,
  Spain, and the UK will open new opportunities for
  manufacturers in the overall market growth. Small
  scale businesses are projected to grow rapidly by
  gaining high-profit margin in this business.
  Enhanced financial funding from government for
  technological upgradation and improving
  manufacturing facility set ups will further boost
  industry.

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Continued...

• Shelf stable products were valued over USD 1.9
  billion in 2016, shifting consumer preference
  towards ready-to-eat food products will remain a
  key factor for rapid growth in this segment. A
  growing need to lessen dependency on
  refrigeration services throughout storage,
  distribution and marketing of food products will
  propel product demand. High cost of refrigeration
  products in several emerging economies will
  further encourage broth producers to incline
  towards shelf stable foods.
• Beef is anticipated to account over 14 of the
  broth market share by 2024. Rising beef
  production as well as consumption in several
  countries, including Argentina, China and the
  U.S. are expected boost product demand. Global
  consumption of beef was standing at 129 billion
  pounds in 2016. Continued development and
  upgradations in beef imports and exports is a
  major factor driving industry share over the
  forecast timespan.
• Multi-outlet distribution channel will register
  growth over 3.9 up to 2024, surging retail
  industry coupled with high consumer
  trustworthiness on these outlets will instigate
  market growth from this segment. Superior
  factors, including improved buying experience and
  promotional strategies pertaining to discount
  offers will foster product demand.

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North America Shelf Stable Broth Market, By
Product, 2016 2024 (USD Million)

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