Bone Broth Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMFB2233 | Last Updated On: Nov 01 2022 | Available Formats

> Global Bone Broth Market Expected to reach a high CAGR of 4.5% by 2029: DataM Intelligence

Global Bone Broth Market is segmented By Nature (Conventional, Organic), By Source (Chicken, Beef, Fish) By Application (Fortified Food & Beverage, Pharmaceuticals, Dietary Supplements), By Distribution Channel (Drug Stores, Specialty Stores, Hyper Markets, Online Stores), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The "Global Bone broth Market" is expected to grow at a CAGR of 4.5% during the forecasting period (2022-2029)

Bone Broth Market Trends Demand Growth Insights

Metrics

Details

Market CAGR

4.5%

Segments Covered

By Nature, By Source, By Application,By Distribution Channel  and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Bone broth reduces a mixture of animal bones, cartilage, connective tissue, and other flavorings that may include vegetables and spices. Bone broth can be used in various ways, such as a beverage or casseroles, stews, curries, and soups. Bone broth is known for its high-protein content, amino acids from collagen, and subsequent health benefits, such as support for digestive health. There are many types of bone broth on the market. The more commonly known varieties are beef, chicken, and fishbone broth. These can be made at home as well as purchased in both dehydrated and liquid form. A more suitable option for vegetarians and vegans is vegetable broth.

Market Dynamics

Increasing health and wellness food and beverage demand worldwide is the major driving factor for Bone broth market growth. There are many reasons for incorporating good-old-fashioned bone broth into the diet. The following health benefits attest to its status as "good medicine." It helps heal and seal the gut and promotes healthy digestion. The gelatin found in bone broth is a hydrophilic colloid. It attracts and holds liquids, including digestive juices, thereby supporting proper digestion. It reduces joint pain and inflammation, courtesy of chondroitin sulfates, glucosamine, and other compounds extracted from the boiled-down cartilage. It promotes strong, healthy bones. Bone broth contains high amounts of calcium, magnesium, and other nutrients that play an important role in healthy bone formation. It promotes healthy hair and nail growth, thanks to the gelatin in the broth.

Consumers’ shift towards vegan and cruelty-free food is the major restraining factor hindering the Bone broth market growth globally.

Segmentation Analysis

Based on the source, the bone broth market is divided into chicken, beef and fish. The global bone broth market size by a chicken was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The chicken segment is expected to hold the major market share in the forecast period. Bone broth may help people lose weight. It is high in protein, which helps the body feel fuller for longer and supports calorie restriction. A 2017 study in the Journal of Renal Nutrition points out that the average cup of chicken bone broth contains more protein than the average cup of basic chicken broth.

A chicken carcass that is complete with beak and claws may make a good basis for a bone broth. Companies are focusing on launching chicken bone broth that is rich in vitamins. For instance, In February 2019, LonoLife, a California-based brand focused on bringing consumers nutritionally rich and convenient products like bone broth, collagen and more, announces its newest addition to its bone broth line: Keto Chicken Bone Broth.

By nature, the bone broth market is segmented into conventional and organic. The global bone broth market size by conventional was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

The bone broth market is classified into fortified food & beverage, pharmaceuticals, and dietary supplements based on the application. The global bone broth market size by pharmaceuticals was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

By Distribution Channel, the bone broth market is segmented into Drug Stores, Speciality Stores, Hyper Markets and Online market. The global bone broth market size by drug stores was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Geographical Analysis

The North American bone broth market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. North America is expected to hold the major market share in the forecast period (2020-2027).  The commercial bone broth consumer market is currently supplied by homemade producers and a few independent and specialized small-and-medium-sized companies in North America, especially in the USA. American broth producers, butchers and restaurants released their new category of bone broths and soups, selling mainly online and at grocery stores nationwide.

Since 2015, the trend has been spreading from the USA to cities across the world. The market segment in bone broth-based products is rapidly growing but still small-scale and mostly in the US. Still, industrial bone broth production offers many business possibilities with a quick profit for meat and fish processors, food and beverage manufacturers, entrepreneurs, and investors, such as in the rendering sector.

Competitive Landscape

The Bone Broth market is competitive with existing players in the market.

Some of the major players include Bare Bones Broth Co, LonoLife, Bonafide Provisions, Erie Bone Broth, Kettle & Fire, Inc, Left Coast Performance, Pacific Foods of Oregon LLC, Nutraholics and Ancient Brands LLC.

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions, which contribute to the growth of the Bone Broth Market.

In September 2019, LonoLife, a California-based brand focused on bringing consumers nutritionally rich and convenient products like bone broth, collagen and more, announces its newest addition to its bone broth line.

In February 2019, Bonafide company announced Keto Broth Cups, frozen, heat-and-drink cups of bone broth and MCT oil.

Bare Bones Broth Co. continues to lead one of the hottest health-food trends by celebrating fall with the launch of a brand-new line of sippable bone broth flavors.

Why Purchase the Report?

  • Visualize the composition of the Bone Broth in terms of various types of nature, source, applications and distribution channels, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Bone Broth market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Bone Broth market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Bone Broth report would provide approximately 66 data tables, 61 figures, and 174 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Frequently Asked Questions

What is the Projected CAGR value of the Bone Broth Market?

Bone Broth Market is expected to grow at a CAGR of 4.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Bone Broth Market during 2022-2029.

Which is the fastest growing region in the Bone Broth Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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