What is Bouillon Powder?
Bouillon powder used to make an instant stock is known as a bouillon cube. In supermarkets, you'll find a variety of bouillons, including vegetables, meat, and chicken bouillon. When making soups, stews, grains, risottos, curries, and other dishes, it's used to generate a quick, tasty broth. They're an excellent way to add depth and flavor to your dishes. Bouillon cubes are widely available in supermarkets, while bouillon pastes appear to be on the rise.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The major competitors in the bouillon cube market are developing new product flavors and designs based on current and emerging consumer preferences as well as health benefits. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Unilever (United Kingdom), Nestle (Switzerland), Hormel Foods (United States), Kraft Heinz Company (United States), Ariake Group (Japan), Massel (Australia), AJINOMOTO (Japan), McCormick&Company, Inc (United States), Eu Yan Sang (Singapore) and TANAKA FOODS (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are International Dehydrated Foods, Inc. (United States), Henningsen Foods, Inc. (United States), Southern Mills, Inc. (United States) and Proliver Bvba (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Bouillon Powder market by Type (Vegetable, Fish, Meat, Poultry and Beef), Application (Stews, Soups, Risottos, Grains, Curries and Others) and Region.
On the basis of geography, the market of Bouillon Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Cubes will boost the Bouillon Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Retail will boost the Bouillon Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 23th May 2022, Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock would be paid on May 23, 2022, at a rate of 26 cents (
.26) per share, as authorized by the Board of Directors.
On 5th January 2021, Greiner Packaging and SABIC, a petrochemical company, collaborated with Unilever on a pilot project to make 100% certified circular PP from post-consumer plastic material in tubs and lids for Knorr bouillon powder.
Bouillon cubes are flavoring agents made from dried stock cubes. Dehydrated vegetables, meat stock, hydrogenated oil, salt, and seasonings are used to make them. They come in a variety of shapes and sizes, including vegetable cubes, fish cubes, chicken cubes, beef cubes, and more. They can be used in a variety of meals, including soups and sauces, pasta and noodles, curry, and more. They are also available in a variety of forms, including cubes, granules, powder, paste, and others.
Market Drivers
- Rising Number of Working-Age People Has Taken the Lead for Bouillon Powder
- Convenience Food Demand is on The Rise
Opportunities
- It Is Highly Concentrated and Requires Less Storage Space for Bouillon Powder
- Chicken stock or broth has a longer shelf life than conventional chicken stock or broth
Restraints
- Items Are Scarce and People Are Uninformed Of the Benefits of Health Products
- High sodium intake can lead to water retention and elevated blood pressure
Challenges
- Salt content for bouillon powder is generally extremely high
Key Target Audience
New Entrants/Investors, Bouillon Powder Manufactures, New Entrants and Investors, Bouillon Powder Distribution and Supplier, Organization Resources, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.