Authored By: Sarah
23 Aug 2024

Bouillon Market Size to grow by USD 1641.03 million between 2024-2028

The Bouillon Market is segmented by Product (Meat, Fish, and Vegetable), Distribution Channel (Supermarket or hypermarket, Convenience stores, and Online), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 1641.03 million, at a CAGR of 4.46% during the forecast period. There are several companies that are contributing to the market as per this report. Growing demand for organic and gluten-free food products .

By Product, the Meat segment is projected to dominate the market size in 2024

The meat segment holds a significant market share in the global bouillon industry. The allure of meat-based bouillon lies in its robust and savory flavor profile, which significantly enhances the taste of diverse foods and soups. This type of bouillon serves as a fundamental ingredient in numerous dishes, contributing to their intricate and layered flavors. Meat-based bouillon is sourced from various meats, including beef, chicken, pork, veal, and others, catering to diverse dietary inclinations. The increasing preference for authentic and savory dishes in international cuisines has fueled the demand for meat bouillon. As an alternative to homemade broth, ready-made meat bouillon offers a convenient means to infuse rich meat flavors into meals without the time-consuming process of cooking from scratch.

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Why is Europe forecasted to hold the largest regional market size in 2024?

The European region dominates the global bouillon market, driven by the diversity of culinary traditions and the increasing disposable income of consumers. With a growing number of working women in Europe, the number of dual-income households has risen significantly, leading to an increase in demand for convenient food solutions such as bouillon. Major vendors in this market, including Nestle and Unilever Group, are based in Europe and are actively innovating in product offerings and packaging to cater to evolving consumer preferences. The European bouillon market is expected to witness continued growth due to these factors.

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Research Analysis Overview

The Bouillon market in Western countries has seen a significant shift towards vegan products in recent years. Traditionally, bouillon has been associated with meat and fish-based broths, but the trend towards plant-based diets has led to an increase in demand for vegetable bouillon. Bouillon comes in various forms, including crystal, gel, powder, and liquid, as well as cubes. In Western culture, bouillon has become a staple in advanced lifestyle choices, especially among those with disposable income. Price factors and convenience are important considerations in the bouillon market, with many consumers opting for bouillon cubes as a refrigerator alternative due to their durability. Blood pressure and salt content are key concerns for many consumers, leading to the development of low-sodium and no-added-salt bouillon options. The health benefits of bouillon extend beyond convenience, as they provide essential minerals, vitamins, and proteins, making them a healthy addition to healthy eating habits. The bouillon market is influenced by lifestyle changes and nutrition trends, with consumers seeking out products that align with their values and dietary needs. The supply chain for bouillon is complex, with many players involved in production, distribution, and retail. Despite this, the market remains competitive, with companies continually innovating to meet consumer demands for new and improved bouillon products.

Market Research Overview

The global bouillon market is a significant segment of the expansive global food products sector within the food, beverage, and tobacco market, according to Technavio's classification. This market falls under the global packaged foods and meats category, which encompasses food processing vendors engaged in food processing to ensure food safety and extend product shelf life. Technavio calculates the market size based on the consolidated revenue of the participating vendors, excluding those involved in manufacturing food processing equipment or producing packaged alcoholic and non-alcoholic beverages, including mineral waters. - The Bouillon Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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