Bouillon Cubes Market Research Report by Type (Vegetable, Fish, Chicken, Beef, and others) by Form (Cubes, Granules, Powder, Paste and others), Application (Soups & Sauces, Pastas & Noodles, Curry and others) and Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 09/07/2018 -- Market Overview:
Growing health conscious population followed by increasing awareness of benefits associated with bouillon cubes is driving the market for Bouillon cubes. Bouillon cubes are stock cubes which are dehydrated and used as flavoring agents in soups & sauces, pastas & noodles, and curries. They are mainly prepared by dehydrating vegetables, hydrogenated fat, meat stock, salt and seasonings. Also, they are healthy and easy to cook products. Owing to their long shelf life, they are gaining popularity among the consumers. The common types of bouillon cubes include vegetable cubes, fish cubes, chicken cubes, beef cubes, and others. Moreover, they are available in different forms such as cubes, granules, powder, paste, and others which is increasing its application in various food products.
Bouillon cubes are considered as a quick healthy diet which is assisting in increased demand among the health conscious population. Rising health awareness and high inclination towards functional foods among the consumers is boosting the growth of bouillon cubes market. Developing countries have an opportunistic market for bouillon cubes market. Moreover, growing working population coupled with inclination towards conventional foods owing to busy lifestyle is another factor which is positively impacting the growth of the bouillon cubes market. Additionally, efforts by the major players to add health beneficial attributes along with variety in flavors is adding fuel to the growth of the bouillon cubes market.
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Latest Industry Updates:
March 2017 AccelFoods announced funds expansions and new investments of which investment is also received by producer of gluten-free, non-GMO bouillon cubes.
June 2017 The CEO of Nestle S.A who is the first outsider to run the maker of Maggi bouillon cubes and Buitoni pasta dishes in almost a century is looking ahead to buy new businesses.
May 2017 BOU launched better-for-you bouillon cubes. It comprised of three product lines including beef, chicken and vegetable.
The key players in this market are highly focusing on new product launches. Introduction of innovative flavored Bouillon cubes followed by growing demand in various industries is influencing the bouillon cubes manufacturers to broaden their product offerings. Increasing R&D and expansion of production capacity is observed to be among the key strategies in the market. Mergers and joint ventures are also witnessed to be growing among the key players of bouillon cubes in this market.
The key players profiled in bouillon cubes market report are Unilever (U.K), Nestle (Switzerland), Mars Inc. (U.S.), Hormel Foods (U.S.), Kraft Heinz Company (U.S.), Ariake Group (Japan), and Jiande Jianxing Condiment Co Ltd (China) among many others.
The global bouillon cubes market has been divided into type, form, application, and region.
On The Basis of Type: Vegetable, Fish, Chicken, Beef, and Others
On The Basis of Form: Cubes, Granules, Powder, Paste, and Others
On The Basis of Application: Soups & sauces, Pastas & noodles, Curry, and Others
On The Basis of Region: North America, Europe, Asia Pacific, and ROW.
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The global Bouillon cubes market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the bouillon cubes market in which the U.S. is the major contributor. Also, Europe is witnessed to be the second largest market for bouillon cubes. U.K, Germany and Italy are majorly contributing to the growth of bouillon cubes market in this region.
Asia Pacific is predicted to be the fastest growing market for bouillon cubes. Growing health awareness followed by high inclination towards processed foods among the consumers of developing countries such as India and China is driving the growth of bouillon cubes in this region. Moreover, among others Africa is the emerging market for bouillon cubes.