Bouillon Cubes Market Research Report - Global Forecast till 2027

Global Bouillon Cubes Market Research Report by Type (Vegetable, Beef, Chicken, Fish, Others), Distribution channel (Store-Based (Supermarkets & Hypermarkets, Convenience Stores, and Others), Non-Store-Based), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2024

ID: MRFR/F-B & N/3586-HCR | February 2021 | Region: Global | 110 pages

Bouillon Cubes Market Overview


The Bouillon Cubes Market growth has its availability in various kinds of forms and Market is projected to reach approximately USD 5.9 billion by 2024 and grow at a significant CAGR of 4.0% during the forecast period 2020-2024.


Bouillon Cubes Market are a result of compressed savory blocks that are a result of dehydrated vegetables and can also be a result of either meat or poultry. These cubes are known to have and carry an aromatic spice and herb mixture that plays a good role in flavoring the food to suit the taste buds. These are mainly used as seasoning agents. Also, these cubes have various health benefits and also go easy while cooking. These products can be stored easily for long as they have a longer shelf life. These are available in the market in various forms like vegetable cubes, chicken cubes, and others like fish cubes, and beef cubes. The introduction of Bouillon was done in granular form and cubes and other forms like powder and paste have gained a lot of momentum.


Covid 19 Analysis of Bouillon Cubes Market


The changing lifestyle and preferences of people is a result of the pandemic that accelerated a major change in the functional patterns of the bouillon cubes market. The main reason behind this is that the pandemic has presented major challenges for industry and market verticals which are facing issues to function. The unavailability of raw material for production and manufacturing alongside the logistic support absence is pushing for a mass disruption of the supply chain mechanism. The patterns of demand and manufacturing are different in both the regional and global locations are heavily impacting the ability of the demand to function and the functional restrictions that have been imposed are also adding to the adversity.


However, to attain the previous patterns and benefit both the producers and target audience, the government is investing in research and development techniques to help the bouillon cubes market grow on an international scale. Also, the key market players are on the way to curating innovative and creative products and launching them on a large scale. This is being done to help them recognize the products and also demand as per the availability accordingly.


Market Dynamics


Drivers


The Chinese Bouillon cube trade manufacturers have listed themselves with the famous online shopping website Alibaba for online trading and expanding their delivery scope to their audience across the globe. This new-founded ease and convenience are likely to act as a major driving force for the market and hence, help the product variety gain a larger momentum during the forecast period. Also, the target audience is witnessing an increase in information and awareness related to the health benefits brought in by these products which will lead the bouillon cubes market on its way of global growth.


Restraints


Unavailability of products and unawareness of health products in the less-developed countries are two major restraints that pose challenges for the bouillon cubes market on the path of its growth. The rise in disposable income of people is pushing them to opt for these products and enhanced retail formats. So, the products quickly go out of stock. In the developing and developed nations, the food and manufacturing industry is still in the growth zone and there is a major requirement to spread health-related information and awareness amongst the target audience for these cubes.


Technology Analysis


The significant growth of the bouillon cubes market during the forecast period is a result of the attempt of the innovative product launch and steps towards creating awareness related to fortified foods amongst the developing and developed nations. People with a high per capita income are increasing their expenditure towards prepared food and this is helping the bouillon products enjoy momentum on a larger scale. The larger quantum of demand that will help the market grow belongs to vegan food products, processed food products, and organic bouillon which have positive attributes for the market during the forecast period that ends in 2028.


Study Objectives



  • To have meaningful market insights and overview alongside the viewpoints as put forward by the industry leaders and experts to predict the CAGR rate of growth of the market and the market valuation.

  • To study the scope of the bouillon cubes market during the forecast period by noticing the market trends and segment performance in major geographical regions of the globe

  • To have an overview of the competitive degree prevailing in the market amongst the key market players during the period and also, analyze the recent developments undertaken by the regional players for global competition


Segment Overview


Based on the demands and allocation of the target audience, the bouillon cubes market value is determined by the revenue gained by various market segments functional across various global locations. The report helps in understanding the potential of these segments in their area of functioning. The market has been segmented based on the following:


Product Type


Owing to the different types of consumers like vegetarian, vegan, eggetarian, and non-vegetarian amongst others, the bouillon cubes market offers a variety of products that can be demanded based on preference. These are vegetable cubes, fish cubes, beef, and chicken cubes amongst the rest.


Distribution Channel


The market players make sure that the products offered to reach the end-users through the distribution channels like the store-based lanes and the non-store-based ones.


Geographical Regions


Owing to the trends prevailing, the rise in population, and the convenience offered by the bouillon cubes industry, the market is currently functional in 4 major regions of the world. These are North America, the APAC region, the European countries, and the bouillon cubes market, alongside the rest of the world (RoW). The ease of adding taste to various food products while cooking and consumption offered is likely to promise the market with good growth rate and market valuation.


Regional Analysis


The European regions are likely to dominate the global growth for bouillon products during the forecast period and the regional market is likely to attain a market valuation of USD 4.6 billion. The North American regions are expected to enjoy the second largest market growth during the forecast period. The main reason behind this trend in these regions is the rise of disposable income of people and their willingness to lead an advanced lifestyle.


Following these regions on a similar path, the APAC region, alongside the rest of the world, is taking up lucrative opportunities for new market segments as the population is rising in major countries like India and China. The regions are on the way to adopt western culture for both professional and personal means. The demand for cube and other liquid products will increase in these regions.


Competitive Landscape


The key bouillon cubes market players are developing new product tastes and designed based on the prevailing and fresh consumer preferences packed with the health benefits are as follows:



  • Nestle S.A.

  • Goya Foods, Inc

  • International Dehydrated Foods, Inc.

  • The Unilever Group

  • Proliver Bvba

  • Southern Mills, Inc.

  • Henningsen Foods, Inc.

  • McCormick & Company

  • The Kraft Heinz Company

  • Hormel Foods Corporation


Recent Developments


The lifestyle changes being opted by the people belonging to the North American countries on a large scale are pushing them to consume packed food that is tasty and easy to cook on a large scale. This is helping the market players expand their production and manufacturing ability that in turn will help the market grow during the forecast period.


The consumption of vegetable cubes is high in the APAC region owing to the changing trends and preferences. Also, people are still learning about the availability of the non-vegetarian cubes which is showing signs of improvement and potential growth during the forecast period


New players in the global bouillon cubes market like Grofers and BigBasket are attempting to enhance their scale of operations and expand their customer base. They are opting for online orders and delivery of goods on the doorstep that is being preferred by the customers largely thus, promising a good growth scale for the market during the forecast period.


The North American market consisting of areas like the USA and Canada are witnessing a significant increase in the young population and their growing preference towards vegetarian food products. This trend is likely to prevail for a long period and hence, the vegetarian bouillon products will sustain and grow.


Report Overview


The report is useful in providing the bouillon cubes market insights and performance of segments in 4 major world geographies. The report helps to analyze the market scope by discussing the recent developments of the players in the regions and also, understand the steps taken by these regions to create a niche for themselves in the global market.



Frequently Asked Questions (FAQ) :


Bouillon cubes market CAGR would be 4% during the forecast period.

Bouillon cubes market valuation would be USD 5.9 billion.

Vegetable, beef, chicken, fish, and others are types included in bouillon cubes market report.

Non-store-based and store-based are distribution channels of bouillon cubes market report.

Europe would take the charge of the bouillon cubes market.

TABLE OF CONTENTS


1 EXECUTIVE SUMMARY


1.1. Market Attractiveness Analysis

1.1.1. Global Bouillon Cubes Market, by Type

1.1.2. Global Bouillon Cubes Market, by Distribution Channel

1.1.3. Global Bouillon Cubes Market, by Region


MARKET INTRODUCTION


2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Macro Factor Indicator Analysis


RESEARCH METHODOLOGY


3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions


MARKET DYNAMICS


4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges


MARKET FACTOR ANALYSIS


5.1. Value Chain Analysis

5.2. Supply Chain Analysis

5.3. Porter’s Five Forces Model

5.3.1. Bargaining Power of Suppliers

5.3.2. Bargaining Power of Buyers

5.3.3. Threat of New Entrants

5.3.4. Threat of Substitutes

5.3.5. Intensity of Rivalry


GLOBAL BOUILLON CUBES MARKET, BY TYPE


6.1. Introduction

6.2. Vegetable

6.2.1. Vegetable: Market Estimates & Forecast, by Region/Country, 2020–2027

6.3. Beef

6.3.1. Beef: Market Estimates & Forecast, by Region/Country, 2020–2027

6.4. Chicken

6.4.1. Chicken: Market Estimates & Forecast, by Region/Country, 2020–2027

6.5. Fish

6.5.1. Fish: Market Estimates & Forecast, by Region/Country, 2020–2027

6.6. Others

6.6.1. Others: Market Estimates & Forecast, by Region/Country, 2020–2027


GLOBAL BOUILLON CUBES MARKET, BY DISTRIBUTION CHANNEL


7.1. Introduction

7.2. Store-Based

7.2.1. Store-Based: Market Estimates & Forecast, by Region/Country, 2020–2027

7.2.2. Supermarkets & Hypermarkets

7.2.2.1. Supermarkets & Hypermarkets: Market Estimates & Forecast, by Region/Country, 2020–2027

7.2.3. Convenience Stores

7.2.3.1. Convenience Stores: Market Estimates & Forecast, by Region/Country, 2020–2027

7.2.4. Others

7.2.4.1. Others: Market Estimates & Forecast, by Region/Country, 2020–2027

7.3. Non-Store-Based

7.3.1. Non-Store-Based: Market Estimates & Forecast, by Region/Country, 2020–2027


GLOBAL BOUILLON CUBES MARKET, BY REGION


8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, by Type, 2020–2027

8.2.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.2.3. Market Estimates & Forecast, by Country, 2020–2027

8.2.4. US

8.2.4.1. Market Estimates & Forecast, by Type, 2020–2027

8.2.4.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.2.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.2.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3. Europe

8.3.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3.3. Market Estimates & Forecast, by Country, 2020–2027

8.3.4. Germany

8.3.4.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.4.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3.5. UK

8.3.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3.6. France

8.3.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3.7. Spain

8.3.7.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.7.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.8.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast, by Type, 2020–2027

8.3.9.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.4.3. Market Estimates & Forecast, by Country, 2020–2027

8.4.4. China

8.4.4.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.4.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.4.5. Japan

8.4.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.4.6. India

8.4.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.4.7. Australia & New Zealand

8.4.7.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.7.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market Estimates & Forecast, by Type, 2020–2027

8.4.8.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.5. Rest of the World

8.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.5.3. Market Estimates & Forecast, by Region, 2020–2027

8.5.4. South America

8.5.4.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.4.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.5.5. Middle East

8.5.5.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.5.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027

8.5.6. Africa

8.5.6.1. Market Estimates & Forecast, by Type, 2020–2027

8.5.6.2. Market Estimates & Forecast, by Distribution Channel, 2020–2027


COMPETITIVE LANDSCAPE


9.1. Introduction

9.2. Competitive Benchmarking

9.3. Development Share Analysis

9.4. Key Developments & Growth Strategies


COMPANY PROFILES


10.1. Unilever

10.1.1. Company Overview

10.1.2. Financial Overview

10.1.3. Products Offered

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. Nestlé S.A.

10.2.1. Company Overview

10.2.2. Financial Overview

10.2.3. Products Offered

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Hormel Foods

10.3.1. Company Overview

10.3.2. Financial Overview

10.3.3. Products Offered

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Kraft Heinz Company

10.4.1. Company Overview

10.4.2. Financial Overview

10.4.3. Products Offered

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. Bou Brands LLC

10.5.1. Company Overview

10.5.2. Financial Overview

10.5.3. Products Offered

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. Ariake Group

10.6.1. Company Overview

10.6.2. Financial Overview

10.6.3. Products Offered

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Jiande Jianxing Condiment Co Ltd

10.7.1. Company Overview

10.7.2. Financial Overview

10.7.3. Products Offered

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. International Dehydrated Foods, Inc.

10.8.1. Company Overview

10.8.2. Financial Overview

10.8.3. Products Offered

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. Premier Foods plc

10.9.1. Company Overview

10.9.2. Financial Overview

10.9.3. Products Offered

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Bell Food Group

10.10.1. Company Overview

10.10.2. Financial Overview

10.10.3. Products Offered

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies


APPENDIX


11.1. General Sources &References

11.2. List of Abbreviation


LIST OF TABLES


TABLE 1 Global Bouillon Cubes Market, by Region, 2020–2027 (USD Million)

TABLE 2 Global Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 3 Global Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 4 North America: Bouillon Cubes Market, by Country, 2020–2027 (USD Million)

TABLE 5 North America: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 6 North America: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 7 US: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 8 US: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 9 Canada: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 10 Canada: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 11 Mexico: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 12 Mexico: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 13 Europe: Bouillon Cubes Market, by Country, 2020–2027 (USD Million)

TABLE 14 Europe: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 15 Europe: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 16 Germany: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 17 Germany: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 18 France: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 19 France: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 20 Italy: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 21 Italy: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 22 Spain: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 23 Spain: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 24 UK: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 25 UK: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 26 Rest of Europe: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 27 Rest of Europe: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 28 Asia-Pacific: Bouillon Cubes Market, by Country, 2020–2027 (USD Million)

TABLE 29 Asia-Pacific: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 30 Asia-Pacific: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 31 China: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 32 China: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 33 India: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 34 India: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 35 Japan: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 36 Japan: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 37 Australia & New Zealand: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 38 Australia & New Zealand: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 39 Rest of Asia-Pacific: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 40 Rest of Asia-Pacific: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 41 Rest of the World (RoW): Bouillon Cubes Market, by Country, 2020–2027 (USD Million)

TABLE 42 Rest of the World (RoW): Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 43 Rest of the World (RoW): Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 44 South America: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 45 South America: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 46 Middle East: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 47 Middle East: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)

TABLE 48 Africa: Bouillon Cubes Market, by Type, 2020–2027 (USD Million)

TABLE 49 Africa: Bouillon Cubes Market, by Distribution Channel, 2020–2027 (USD Million)



LIST OF FIGURES


FIGURE 1 Global Bouillon Cubes Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Bouillon Cubes Market

FIGURE 4 Value Chain of the Global Bouillon Cubes Market

FIGURE 5 Share of the Global Bouillon Cubes Market in 2020, by Country (%)

FIGURE 6 Global Bouillon Cubes Market, by Region, 2020–2027,

FIGURE 7 Global Bouillon Cubes Market Size, by Type, 2020

FIGURE 8 Share of the Global Bouillon Cubes Market, by Type, 2020–2027 (%)

FIGURE 9 Global Bouillon Cubes Market Size, by Distribution Channel, 2020

FIGURE 10 Share of the Global Bouillon Cubes Market, by Distribution Channel, 2020–2027 (%)