Industry Background:
Bone broth is one of the most popular supplements that is made by simmering the bones and connective tissue of animals. It is often advertised for its content of a wide variety of nutrients which helps in boosting the immune system, improves joint health and benefits the skin and digestion process. Consumer’s inclination toward healthy lifestyles and protein consumption is propelling the market of bone broth.This growth is primarily driven by Growing Fortified Food and Beverage industry and Dietary Supplement Industry, Advantage Associated with Bone Broth as High Concentration of Proteins and Surge in Demand for Additional Healthy Products among Athletes and Body Builders to Boost Performance and Overall Health.
Globally, a noticeable market trend is evident Technological Developments Such as Automation and Digitalization Industrial Process For Specialty Food Preparations. Major Vendors, such as Vital Protein LLC. (United States), Kettle and Fire Inc. (United States), BRU Broth LLC. (United States), Cauldron Broths (United States), Paleo Pro LLC. (United States), Ancient Nutrition (United States) and Broth of Life (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In September 2018, US bone broth brand Kettle & Fire has raised USD 8 million through a Series A funding round as it targets multi-channel growth and new product innovation. Kettle & Fire launched with three grass-fed beef and organic chicken bone broth offerings, and recently expanded into bone broth-based soups, such as miso, Thai curry, tomato, and grass-fed chili.
Market Drivers
- Growing Fortified Food and Beverage industry and Dietary Supplement Industry
- Advantage Associated with Bone Broth as High Concentration of Proteins
- Surge in Demand for Additional Healthy Products among Athletes and Body Builders to Boost Performance and Overall Health
Market Trend
- Technological Developments Such as Automation and Digitalization Industrial Process For Specialty Food Preparations
Restraints
- Stringent Government Rules and Regulations
- Availability of Substitutes
- Advent of Veganism
Opportunities
Change In Lifestyle and Rise in Disposable Income and Demand For High-Protein Soups
Challenges
Rising Concerns About Product Traceability
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bone Broth Study Sheds Light on
The Bone Broth Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bone Broth industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bone Broth industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.