Bone Broth Market Size
The Global Bone Broth Market reached USD 1.7 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 2.8 billion by 2031. The market is growing at a CAGR of 6.5% during the forecast period 2024-2031.
The popularity of bone broth has surged in recent years, appealing to both millennials and the elderly, thanks to its recognized nutritional benefits. This upward trend is expected to continue, driven by factors such as improved joint health, enhanced bone strength, and positive effects on knee health. Consumers are increasingly drawn to bone broth due to these advantages, resulting in its widespread acclaim.
Its numerous nutritional properties, including support for weight loss and reduction of inflammation, contribute to its growing popularity. The high protein content, collagen-derived amino acids, and ensuing health advantages of bone broth, including support for digestive health, are well documented. There are numerous varieties of bone broth available. Beef, chicken, and fishbone broth are the most popular variations. These can be manufactured at home and are also available for purchase in liquid and dehydrated forms.
Market Scope
| Metrics | Details |
| CAGR | 6.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Nature, Source, Application, Distribution Channel, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | North America |
| Largest Region | Asia-Pacific |
| 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, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Increasing Food and Beverage Demand Worldwide Is Driving The Market Of Bone Broth
The demand for health and wellness food and beverages has been on the rise, and bone broth fits well into this trend. Bone broth is rich in nutrients, including collagen, amino acids, minerals, and gelatin. These components are known to support joint health, promote gut health, aid in digestion, and boost overall immunity. As consumers prioritize nutrition and functional foods, bone broth's nutritional profile becomes appealing.
Bone broth offers a range of nutritional benefits. In a single serving, bone broth typically contains around 6-12 grams of protein, providing essential amino acids necessary for various bodily functions.
It is also a notable source of collagen, with amounts varying depending on the bones used. Collagen contributes to skin elasticity, joint health, and connective tissue support. Additionally, bone broth is rich in minerals such as calcium, magnesium, phosphorus, and potassium, which are important for bone health and electrolyte balance.
The Increasing Obese and Diabetic Population in the World can Drive the Bone Broth Market Growth
The bone broth market is experiencing growth driven by the increasing number of individuals with diabetes worldwide. The International Diabetes Federation estimates that 537 million adults (20 to 79 years old) have diabetes. By 2030, there will be 643 million diabetics worldwide, and by 2045, there will be 783 million. In nations with low and intermediate incomes, 3 out of 4 adults with diabetes reside. There are numerous benefits to including traditional bone broth in your diet.
Bone broth contains a hydrophilic colloid called gelatin. It draws and retains liquids, such as digestive fluids, assisting in healthy digestion. Because chondroitin sulfates, glucosamine, and other substances were recovered from the broken-down cartilage, it lessens joint discomfort and inflammation. It encourages strong, wholesome bones. High levels of calcium, magnesium, and other nutrients found in bone broth are crucial for the development of strong bones.
The Limited Supply of Bone Broth to the Market can Hamper the Bone Broth Market
The availability of bone broth in the market can be influenced by several factors, which may contribute to its limited supply. Producing high-quality bone broth is a time-consuming process that involves simmering bones and connective tissues for an extended period. This slow-cooking method allows the nutrients and flavors to be extracted fully. However, this also means that the production capacity is limited by the time it takes to make a batch of bone broth.
The quality of the bones used in bone broth production is crucial. Ideally, bones from pasture-raised or grass-fed animals are preferred as they may offer more nutrients and have fewer potential contaminants. However, sourcing such high-quality ingredients can be challenging and limited in supply, especially if there is a preference for specific animal sources or organic options. Overall, the limited supply of bone broth can be attributed to various factors such as the time-consuming production process, sourcing challenges, seasonality, storage considerations, and the niche market it serves.
Market Segment Analysis
The global bone broth market is segmented based on nature, source, application, distribution channel, and region.
Rising Demand For Organic Products
Based on nature, the bone broth market is classified into organic and conventional.
In 2022, organic bone broth had the highest share of the market. As consumers become more health-conscious and aware of the potential benefits of organic food, they are seeking out organic alternatives, including bone broth. Organic bone broth is made from ingredients sourced from organic farming practices, ensuring that no synthetic pesticides, hormones, or genetically modified organisms are used. This emphasis on organic and natural ingredients is resonating with consumers who prioritize clean and sustainable food options, thereby fueling the growth of the organic segment in the bone broth market.
Certifications and labeling standards is playing a crucial role in establishing the credibility of organic bone broth products. On November 10, 2020, Panorama Organic Grass-Fed Meats, the leading producer of domestic organic and grass-fed beef in the country, introduced its newest product extension: an organic grass-fed beef bone broth. The product comes in environmentally friendly packaging and holds USDA Certified Organic, Paleo Certified, Whole30 Approved, and Keto-Friendly certifications, all of which resonate with the values and preferences of consumers.
Market Geographical Share
Cultural Diversity and Culinary Traditions in the Asia-Pacific Region Boosts the Regional Growth
In 2022, Asia Pacific had the highest market share for the bone broth market. There is a rising awareness of the health benefits associated with bone broth among consumers in the Asia Pacific. For instance, according to an article published by Business World, 40 percent of Indian respondents stated that they pay a premium for products promoting health and wellness.
Bone broth is recognized for its rich nutrient profile, including collagen, amino acids, and minerals, which are believed to support joint health, digestion, and overall well-being. The shift towards healthier lifestyles and increased interest in functional foods is fueling the demand for bone broth.
Furthermore, the cultural diversity and culinary traditions within the Asia-Pacific region contribute to the growth of the bone broth market. Different countries have their variations of bone broth, incorporating local ingredients and flavors, which resonate with consumers' preferences and culinary heritage.
Bone Broth Companies
The major global players include Bare Bones Broth Co, LonoLife, Bonafide Provisions, Erie Bone Broth, Kettle & Fire, Inc, Left Coast Performance, Pacific Foods of Oregon LLC, Nutraholics, Ancient Brands LLC., Del Monte Foods Inc.
COVID-19 Impact On Market
During the COVID-19 pandemic, there has been an increased focus on health and wellness, leading to a growing interest in foods and beverages that offer potential immune-boosting benefits. Bone broth, known for its potential health benefits, has experienced a surge in demand due to the pandemic.
The pandemic caused disruptions in global supply chains, affecting the availability of ingredients and packaging materials. These disruptions may have impacted the production and distribution of bone broth products, potentially leading to fluctuations in supply and pricing. The pandemic highlighted the importance of supporting local businesses and sustainable practices. Consumers have shown a preference for locally sourced bone broth products or those produced by smaller, artisanal brands.
Key Developments
- In January 2023, FOND Bone Broth launched Land to Market-verified regenerative Bone Broth.
- In July 2021, Kettle & Fire, a bone broth company, launched its first bone broth line using bones sourced from regenerative farms.
- In August 2020, LonoLife, a brand in the food industry, expanded its product portfolio by introducing bone broth noodle soup in chicken and beef variants.
Why Purchase the Report?
- To visualize the global bone broth market segmentation based on nature, source, application, and distribution channel understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous bone broth market-level data points all for segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The Global Bone Broth Market Report Would Provide Approximately 69 Tables, 67 Figures, And 200 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
