Home > > Global Broth Market Report
The Broth market was valued at $2,625.0 Million in 2022, and is projected to reach $3,421.2 Million by 2032 growing at a CAGR of 2.74% from 2023 to 2032.Some potential drivers, opportunities, and trends in the broth market are: Increasing demand for plant-based protein sources: Some consumers are seeking out plant-based alternatives to animal-based proteins, including broth made from vegetables, grains, and legumes. This trend may create opportunities for companies that offer broth made from plant-based ingredients. Health and wellness trend: Broth is often perceived as a healthier alternative to other types of soup, as it is typically lower in calories and fat, and may contain beneficial nutrients such as collagen, amino acids, and minerals. This trend may drive demand for broth, particularly among consumers who are looking to improve their health or manage their weight. Convenience and versatility: Many consumers are looking for convenient, easy-to-use products that can be incorporated into a variety of recipes or consumed on their own. Broth fits this description, as it can be used as a base for soups, stews, and sauces, or enjoyed on its own as a hot beverage. This versatility may make broth an attractive option for busy consumers. As for top companies in the broth market, some examples include: Campbell Soup Company: One of the largest players in the broth market, Campbell Soup Company offers a variety of broth products under its Campbell's, Swanson, and Pacific Foods brands. Knorr: A subsidiary of the Unilever Group, Knorr is a leading manufacturer of broth and other food products. The company offers a range of broth products, including chicken, beef, and vegetable broths. Nestle: Nestle is a major player in the broth market through its Maggi brand, which offers a variety of broth products including bouillons, stocks, and consommes. Pacific Foods: A leading manufacturer of plant-based and organic food products, Pacific Foods offers a range of broth products made from vegetables, grains, and legumes. McCormick: McCormick is a major player in the spice and seasoning market, and also offers a range of broth products under its Simply Asia and Thai Kitchen brands.