New York, US, April 10, 2023 (GLOBE NEWSWIRE) -- Bouillon Cubes Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), Bouillon Cubes Market Information by Type, Distribution Channel, and Region - Forecast till 2030”, Bouillon Cubes Market could thrive at a rate of 4.82% between 2022 and 2030. The market size will be reaching around USD 6.45 Billion by the end of the year 2030.
Market Synopsis
Bouillon cubes are solid cubes prepared from fish, animal, or vegetable stock that has been dried. Drying the ingredients at low temperatures and high pressure to eliminate moisture is the first step in the production process. Bouillon cubes give soups and stews, and other meals flavor. Excessive salt concentration might harm health and raise blood pressure, impeding market expansion.
Rising alliances with well-known juggernauts like International Dehydrated Foods Inc. and Goya Foods Inc. motivate young businesses to expand their presence across different geographies. The supply chain and high cost of bouillon products are also anticipated to hinder market expansion since these items require prompt delivery and sale to avoid expiration. These elements may slow the expansion of the global market shortly.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | 2030: USD 6.45 Billion |
| CAGR | 4.82% CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Form, Function, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rising Number of Working Population has Led |
| Increased Demand for Convenience Food |
Market Competitive Landscape:
The affluent companies in the Bouillon Cubes industry include:
- Hormel Foods Corporation
- Nestle S.A.
- International Dehydrated Foods Inc.
- Goya Foods Inc
- Proliver Bvba
- The Unilever Group
- Southern Mills Inc.
- McCormick & Company
- Henningsen Foods Inc.
- The Kraft Heinz Company
August 2022
Belgian bouillon powder manufacturer Veggiebel has introduced the first line of organic and vegan bouillon cubes. The business now sells a six-pack of four distinct cubes in the following flavors: chicken, beef, fish, and pad thai. The items are said to be devoid of glutamate, soy, yeast, palm oil, gluten, allergies, and allergen-causing substances. They exclusively utilize 100% natural spices from organic producers and are non-GMO.
Market USP Covered:
Market Drivers:
The market is propelled by expanding consumer demand for convenience foods, greater consumer knowledge of the health advantages of bouillon products, and rising public preference for healthy eating practices. Products from Bouillon are nutrient-dense and high in vitamins, minerals, and proteins. Over the next few years, it is anticipated that changing consumer lifestyles and a preference for quick-to-prepare and healthful food products will drive market demand.Because of their durability, simplicity in preparation, and accessibility of various product types in cube form, bouillon cubes are becoming increasingly popular.
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Market Restraints:
People are compelled to choose these products and improved retail formats as their discretionary money increases. As a result, the inventory runs out soon. The food and manufacturing industries are still expanding in both developed and developing countries, and it is crucial to increase health-related knowledge and awareness among the target market for these sectors.
COVID 19 Analysis
Nearly every industry has been impacted by COVID-19, a global public health emergency, and the long-term impacts are expected to influence industrial growth over the forecast period. Differences in regional and global demand and manufacturing trends impact the ability of demand to function. The practical limitations put in place were also making things challenging. To help the bouillon cubes market expand globally, the government is spending money on research and development strategies. Producers can increase their profits with their investment, which will have special advantages for the target consumer. The major participants in the sector are advancing with numerous inventive product launches and developments.
Market Segmentation
By Type
The Types in the market include Vegetable, Beef, and Chicken.
By Distribution Channel
Store-based, and non-store-based, are the major distribution channels available in the worldwide market.
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Regional Insights
Europe clinches the leading position in the market, owing to the huge popularity of Bouillon Cubes in the region. A large number of renowned companies in the region offer extensive ranges of innovative products that cater to every requirement of the consumers. Other than this, the affluent lifestyle led by European customers and social media’s massive popularity in Italy, France, the United Kingdom and Germany further enhance the appeal of Bouillon Cubes.
The American market will be performing tremendously well in the future, This is because many vegan bouillon products are available in liquid, gel, semi-liquid, and cube forms. Additionally, healthy characteristics like lactose, cholesterol, and gluten- and fat-free can increase consumer demand for vegetable bouillon products. The demand for vegetarian bouillon products is expected to rise in the upcoming years due to a growing desire for vegetarian meals among the youthful population in North America's developed nations, including the U.S. and Canada.
Asia Pacific is seeing a popular trend in the form of digital marketing. Social media platforms are responsible for the high popularity of digital marketing in the region. Brands are promoting their product ranges on social media such as Instagram, Facebook, Pinterest, Twitter, and Linked In, which should foster the expansion rate of the Bouillon Cubes market in the approaching years.
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