Seafood Broth Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Seafood Broth Market is segmented By Product Type (Liquid, Powder), By Source (Fish Broth, Shellfish Broth, Mixed Broth), By Packaging (Bottles, Sachets), By Distribution Channel (Retail Stores, Online Stores, Foodservice), and By Region (North America, Europe, South America, Asia Pacific, Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Seafood Broth Market Size

Global Seafood Broth Market reached US$ 720.5 million in 2022 and is expected to reach US$ 970.9 million by 2030 and is expected to grow with a CAGR of 3.8% during the forecast period 2024-2031. Due to its typical low saturated fat content and high omega-3 fatty acid, vitamin, and mineral content, seafood is regarded as a healthy protein source. The demand for global seafood broth market is fueled by the health advantages associated with its consumption.

The popularity of seafood broth, which includes options like fish broth, shellfish broth, and seafood stock, is attributed to its distinctive flavour profiles and adaptability in the kitchen. Seafood broth stands out as a desirable choice as consumers prioritise making healthier and more nutrient-dense food choices which is driving the global seafood broth market size.

Seafood broth is valued for its rich taste, low saturated fat content, and high nutritional value, including omega-3 fatty acids, vitamins, and minerals. Seafood broth serves as a foundation for numerous dishes, including fish-based soups like bouillabaisse and cioppino, imparting a delightful seafood essence to these creations. The rising interest in global cuisines, the convenience of ready-to-use products, and a growing emphasis on sustainable sourcing are further contributing to the growing demand for seafood broth in the market.

Seafood Broth Market Scope

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Seafood Broth Market Dynamics

The Increasing Consumer Interest in Nutritious and Flavorful Food Options

Consumers are actively looking for food options that offer nutritional advantages as well as great taste as they become more health-conscious consumers. Due to its low saturated fat content, high protein content, and abundance of vital nutrients like omega-3 fatty acids, vitamins, and minerals, seafood broth is highly regarded as a nutritious option. Because seafood broth is so adaptable, consumers can add it to a variety of dishes, including soups, stews, sauces, and risottos, to improve the flavour and nutrient content of their food. 

Consumers are discovering new flavours and culinary traditions as a result of the growing popularity of global cuisines, and seafood broth is essential to giving many international dishes an authentic flavour. For instance, The one cup (240 ml) serving of fish broth typically contains approximately 15-30 calories, 3-6 grams of protein, and 0-1 gram of fat and sodium content can range from 300-800 milligrams which is further driving the market size.

The Research and Development Efforts is Driving the Market Expansion.

The market for seafood broth is growing as a result of ongoing research and development projects, as businesses compete to introduce novel flavours, textures, and ingredient combinations that will appeal to consumers' shifting tastes. By incorporating nutrient-rich ingredients, maximising cooking methods, and enhancing the extraction of healthful compounds from seafood, research advancements are concentrating on enhancing the nutritional profiles of seafood broth. For instance on August 21, 2021, Aquatic Food Product Technology has published the the new Microbiological Test Methods of Canned Seafood Broth. 

Aside from ensuring ethical fishing practises, reducing waste, and promoting the use of environmentally conscious ingredients, research efforts are focused on creating sustainable sourcing and production methods for seafood broth.

The Cost of High-Quality Seafood Ingredients.

The price of premium seafood ingredients is a significant barrier to the market expansion for seafood broth. Due to factors like seasonal availability, sustainability concerns, and strict quality control procedures, these ingredients frequently have a premium price. Manufacturers find it challenging to secure a consistent supply at reasonable prices due to the scarce availability of some species and variations in catch volumes. The overall cost is also increased by costs related to handling, storage, transportation, and ensuring compliance with laws governing food safety.

Seafood Broth Market Segmentation Analysis

The global seafood broth market is segmented based on product type, source, packaging, distribution channel and region.

In the Global Market of Seafood Broth, the Fish Broth Segment Holds the Largest Market Share.

Within the global seafood broth market, fish broth is expanding significantly. There is an increasing demand for fish broth as a healthy alternative due to consumer awareness of the health benefits of fish consumption, such as being a lean source of protein and rich in omega-3 fatty acids. The versatility of fish broth in different culinary preparations, such as soups, sauces, and risottos, has attracted interest from both home cooks and seasoned chefs, which has further fueled its growth. 

The popularity of fish broth is also growing as a result of increased interest in international cuisines and the exploration of various flavours because it gives food an authentic seafood flavour. For instance, on February 27, 2023, SuperGround launched fish broth which is made from unusable bones, skin, scales, and other hard tissues.

Global Seafood Broth Market Geographical Share

The North America Region Held the Largest Share in Seafood Broth Market.

In 2022, the North America region accounted for approximately 21.1% of the market share in the global seafood broth market. The culinary traditions of North America are rich and diverse, with many different global influences. Seafood broths, such as fish broth and shellfish broth, are used as essential ingredients in various regional dishes, including chowders, bisques, and seafood stews. 

Furthermore, a consistent supply of ingredients for the production of seafood broth is ensured by the availability of high-quality seafood sources, both domestically and through imports. As a result, producers can meet rising demand while maintaining a high standard of quality. For instance, according to FDA Imports of Fish & Shellfish in the United States averaged 3094.09 USD Million in May of 2022.

Seafood Broth Market Companies

The major global players in the market include KETTLE CUISINE, LLC., Pacific Foods, Bonafide Provisions, Bare Bones Broth Co, Kettle & Fire, Inc, Fearless Eating, Campbell Soup Company, College Inn, Ancient Brands LLC, and Nutraholics.

COVID-19 Impact On Seafood Broth Market Growth

The COVID-19 pandemic has had a sizable impact on the seafood broth market. The pandemic has, increased consumer demand for seafood broth. The adaptability and health benefits of seafood broth gained popularity as people spent more time at home and looked for quick and nourishing meal options. Seafood broth was widely used by home cooks as the foundation for a variety of homemade dishes, such as soups, stews, and risottos. 

However, the seafood broth market has also faced difficulties as a result of the pandemic. The accessibility and sourcing of seafood components for broth production have been impacted by disruptions in the global supply chain, such as decreased fishing activities, transportation restrictions, and trade restrictions. Due to these disruptions, the seafood broth supply chain is constrained, prices have increased, and there may even be shortages.

Key Developments

• On October 22, 2021, Zoup! Good, Really Good Broth launched New Seafood Broth which is approved as organic. The goods offered under the Kroger Corporation banners at retailers like King Soopers, Fred Meyer, King Soopers in the Midwest, Ralphs in the West, Harmon's, and Lucky Save Mart stores. Additional 700 Walmart locations will sell Zoup! Broth. The brand-new stores will carry bone broth and Zoup!'s original broth
• On August 22, 2022, Kings Infra launched fish broth in Japanese-style. The clear fish broth made with only the umami extracted from the bones and head of a fish or the umami from clams. Salt and sake may be added for seasoning, but no extra dashi is added.
• On November 2, 2022, Department of Agricultural Engineering and Biotechnology has revealed that to reduce the variability associated with the ingredients of fish broth for evaluating the impact of UHPH technology, a systematic methodology based on sensory analysis and nutritional composition has proven to be an effective strategy. This methodology allows standardization of the elaboration process and selection of fish broth with the best organoleptic and nutritional characteristics at the lowest cost.

Why Purchase the Report?

• To visualize the global seafood broth market segmentation based on product type, source, packaging, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of seafood broth market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global seafood broth market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies