Bouillon/stock cubes are dehydrated and compressed savory block of dried stock which are made from scratch a seasoned broth of stewed poultry, meat, and vegetables. Bouillon/stock cubes are an aromatic mixture of spices and herbs act as flavoring agent in food. Bouillon/stock cubes are extremely versatile, have a long shelf life, and support to make bland foods extra flavorful. Moreover, they contain a lot of preservatives mainly monosodium glutamate, easy to use, quickly dissolve, and provide deep flavor to soups, sauces, stews, and gravies. Gluten, vegan, onion, and garlic free bouillon/stock cubes are perfect and healthy snacks suitable for people suffering from celiac disease are some of the factors that can boost the demand for bouillon/stock cubes market in near future.
Bouillon/Stock Cubes Market: Drivers and Restraints
Bouillon/stock cubes market are witnessing maximum growth owing to rise in demand for flavoring agents in food, increasing acceptance of processed food, frequently launch of flavored foods, long term storage ease of bouillon cubes, and expanding demand for ready to eat food due to the busy lifestyle. Moreover, bouillon/stock cubes save cooking time, inexpensive, and enhance the food taste are some of the factors that can boost the demand for bouillon/stock cubes over the forecast period. However, the alternative to bouillon/stock cubes, people allergic to some flavored food, changing consumer preference, not quality product compared to stock canned coupled with continuous focus on food safety enhance quality standards and stringent government policies may hamper the growth of bouillon/stock cubes market in near future.
Bouillon/Stock Cubes Market: Segmentation
The bouillon/stock cubes market has been classified on the basis of product type, form, and distribution channel.
Based on product type, the bouillon/stock cubes market is segmented into the following:
- Others (Lamb, Shrimp)
Based on form, the bouillon/stock cubes market is segmented into the following:
- Powder Form
- Granular Form
Based on distribution channel, the bouillon/stock cubes market is segmented into the following:
- Independent Grocery Store
- Online/ e-Commerce
Bouillon/Stock Cubes Market: Overview
Bouillon/stock cubes market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well in the near future owing to the fact it aid in getting hydrated better than tea or coffee, long shelf life without refrigeration, growing demand for processed and convenience foods, and availability of various brands and flavors such as beef, fish, vegetarian and much more. Moreover, rising demand for organic products and increasing concern over healthy diet coupled with maintaining a healthy weight are some of the factors that can accelerate the market revenue growth of bouillon/stock cubes during the forecast period. In Senegal, the daily consumption of bouillon cubes is 8.7g per person in urban areas. Moreover, in Cameroon around 96% of the overall households consumes stock cubes once in a week. These products comprise of 50-70% of iodine salt, coupled with dehydrated stock, flavor enhancers, solid vegetable fat, and spices.
Bouillon/Stock Cubes Market: Region-wise Outlook
Depending on the geographic region, bouillon/stock cubes market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and Middle East & Africa. North America dominates the bouillon/stock cubes market followed by Europe owing to high consumption of beef, chicken and other products, the presence of local manufacturer’s demand of multiple flavors food, and the presence of major players in these regions. Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth in terms of expanding demand for the processed food, increasing consumption of meat products, changing people lifestyle, and hectic schedule lead to ready-to-eat food products are some of the factors which strengthen the growth of bouillon/stock cubes market throughout the forecast period.
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Bouillon/Stock Cubes Market: Key Players
Some players of bouillon/stock cubes market are Unilever N.V., Anhui Goodday Food Co., Ltd., OXO International, Ltd., Nestlé S.A., Goya Foods, Inc., Hormel Foods Corporation, Royal Wessanen N.V., Caldos del Norte S.L., Pampa Foods Ltd., and National Foods Company srl.
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