Stock Cubes Market

Stock Cubes Market Analysis by Vegetables, Fish, Pork, Chicken, and Beef for Food Processing Companies/Brands, Private Label Brands, Retail Sales, and Food Service from 2023 to 2033

Analysis of Stock Cubes Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Stock Cubes Market Outlook (2023 to 2033)

The global stock cubes market reached a value of US$ 7.01 billion in 2022, expanding at a CAGR of 3.4% from 2018 to 2022. The market is forecasted to register 4.8% CAGR and reach US$ 11.74 billion by 2033-end.

Increasing need for different types of gluten-free cubes is predicted to boost sales of stock cubes. In addition, rising traction for clean labels and transparency in the majority of food products is prompting manufacturers to achieve regulatory body certifications, including non-GMO, organic, gluten-free, hexane-free, vegan, and others, which is also contributing to market growth.

  • Demand for beef-based stock cubes is predicted to increase at a CAGR of 4.4% and reach a market valuation of US$ 3.28 billion by 2033.
  • Sales of stock cubes in the United States market are projected to rise at 5.3% CAGR and reach US$ 3.31 billion by 2033-end.

Stock cubes are also known as bouillon cubes or broth cubes. They are commonly produced from dehydrated vegetables or meat stock, a small portion of hydrogenated fat, seasoning, and salt. Stock cubes are becoming popular as natural food flavorings. They are used widely to add flavors to various dishes, including stews and soups. The tendency of stock cubes to enhance the aroma, flavor, and taste of dishes is contributing to their increased sales.

Popularity of stock cubes is attributed to their importance in adding versatility and nutrition to diets. They serve as the foundation for various broths and soups, adding a unique flavor to diverse sauces and ultimately enhancing the irresistible taste in culinary preparations.

Manufacturers are concentrating on product innovations as well as geographical expansion to trigger sales of stock cubes. Companies are coming up with innovative products with organic and natural ingredients with low sodium and salt content.

Several key manufacturers of stock cubes are concentrating on using ingredients produced from sustainably sourced vegetables and meat. These initiatives not only help expand manufacturers’ customer base but also reduce the environmental effects of production.

Fact.MR, a provider of market research and competitive intelligence, recently published a research report with thorough information about numerous dynamics of stock cubes. This research report offers a detailed analysis of market growth drivers, regional overview, new developments, restraining factors, etc.

Report Attributes Details

Stock Cubes Market Size (2023)

US$ 7.35 Billion

Forecasted Market Value (2033)

US$ 11.74 Billion

Global Market Growth Rate (2023 to 2033)

4.8% CAGR

Conventional Cubes Segment Value (2033)

US$ 9.45 Billion

United Kingdom Market Growth Rate (2023 to 2033)

4.1% CAGR

China Market Value (2033)

US$ 1.54 Billion

South Korea Market Value (2033)

US$ 434.55 Million

Key Companies Profiled

  • Nestlé S.A.
  • Bell Food Group
  • The Kraft Heinz Company
  • Hormel Foods Corporation
  • Kallo Foods Ltd.
  • Ajinomoto Co., Inc.
  • GBfoods Group
  • Caldos Del Norte SL
  • Imana Foods (Sa) (Pty) Ltd.
  • Goya Foods, Inc.
  • Edwards & Sons Trading Company, Inc.
  • PRomasidor
  • Doyin Group
  • Patisen
  • Daily-Need Group
  • Tesco PLC

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What are the Key Market Dynamics Influencing the Sales of Stock Cubes?

“Consumers’ Increasing Willingness to Spend More on Convenience Meals”

Due to rising purchasing power and rapid urbanization, a considerable number of consumers are allocating a significant portion of their expenditure towards processed and ready-to-eat food items. Stock cubes play a beneficial role in saving time that would otherwise be spent on preparing traditional dinners or breakfasts. This growing expenditure on convenient meals is expected to gain momentum in the global market.

The taste preferences of many consumers have undergone a noticeable change when it comes to stock cubes. Lamb stock cubes, poultry stock cubes, and fish stock cubes are commonly favored by a large number of consumers.

“Focus on Product Innovation by Key Manufacturers”

A majority of manufacturers are spending on R&D activities due to the rising demand for stock cubes. They are investing in the introduction of stock cubes in new sizes and shapes, including meat stock paste, vegetable stock paste, and vegetable stock powder.

Prominent suppliers of stock cubes are focusing on introducing products in different forms, including stock granules, stock gels, stock paste, and stock powder.

Which Factors are Anticipated to Hinder the Growth of the Stock Cubes Market?

“Lack of Robust Supply Chains and High Price of Stock Cubes”

High levels of salt in stock cubes, which are expected to have negative health implications such as high blood pressure, are projected to hinder market expansion. The lack of a robust supply chain and the high cost associated with stock cubes are anticipated to limit opportunities for market growth.

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How are Newly Established Companies Contributing to Market Expansion?

“Emphasis of Start-ups on Advanced Production Techniques to Retain Nutritional Value and Product Quality”

Start-ups are predicted to use novel packaging solutions and advanced technology to improve the safety and quality of products. Newly established companies are investing in various advanced technologies to ensure the nutritional value and quality of products. Production of stock cubes with minimal salt content is also predicted to contribute to the revenue share of new entrants.

Stock Cubes Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

How are Sales of Stock Cubes Progressing in the United States?

“Growing Ethnic Restaurant Industry and Authentic Cuisine Offerings”

Sales of stock cubes in the United States are forecasted to advance at a CAGR of 5.3% and reach US$ 3.31 billion by the end of 2033.

The number of Italian, Chinese, Mexican, and Indian restaurants is increasing at a significant rate in the United States. They are serving various types of authentic meals that are fortified with different ingredients. Pepper, cinnamon, parsley, cumin, and paprika are some prominent seasonings and spices that are used in these dishes. The flavorful taste of bouillon cubes is boosting their popularity in the country.

Noodles and pasta are highly favored dishes in the United States, and stock cubes play a prominent role in enhancing their flavors. Utilization of stock cubes in various types of sauces and soups is driving their sales in the country. As a result, base and soup manufacturers are increasingly incorporating stock cubes into their products, leading to a rising demand for vegetable liquid stock cubes due to their exceptional nutritional properties.

What are the Opportunities for Stock Cube Suppliers in the United Kingdom?

“Rising Disposable Income Leading to Increased Expenditure on Convenience Food Products”

Demand for stock cubes in the United Kingdom is predicted to increase at a 4.1% CAGR and reach a value of US$ 869.10 million by 2033. The rising disposable income and consumers’ readiness to spend on convenience products are leading to sophisticated lifestyle choices, thus contributing to increased sales of stock cubes in the country.

How are the South Korean and Japanese Markets Projected to Fare?

“Growing Food Industry Bolstering Consumption of Stock Cubes”

Sales of stock cubes in South Korea are forecasted to register a 3.7% CAGR and reach a valuation of US$ 434.55 million by 2033-end. Demand for stock cubes in Japan is projected to expand at a CAGR of 2.4% and reach US$ 411.06 million by the end of 2033.

Significant growth in the food industry is predicted to open up lucrative opportunities for suppliers of stock cubes in the abovementioned markets. These bouillon cubes are adopted prominently as flavoring ingredients. Suppliers of stock cubes are focusing on strengthening their supply chain networks to expand their footprints.

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Category-wise Insights

Which Type of Stock Cube Accounts for Higher Demand?

“High Demand for Beef Stock Cubes Due to Their Rich Protein Content”

Sales of beef-based stock cubes are predicted to advance at a CAGR of 4.4% and reach a value of US$ 3.28 billion by 2033-end.

Beef stock cubes are a noteworthy source of protein and are available in various formats. The growing traction for convenience foods due to hectic lifestyles is predicted to boost demand for beef stock cubes. In addition, the rising demand for beef stock cubes is attributed to their use in noodles, pasta, and curries.

Prominent companies are investing in R&D activities and advertisements of their products to maximize their revenue. They are taking initiatives to expand their portfolio of beef stock or beef fat powder to attract more consumers.

Why Do More Consumers Prefer Conventional Stock Cubes Compared to Vegan & Organic Forms?

“Increasing Consumption of Conventional Cubes Due to Their Budget-friendliness Aspect”

Demand for conventional cubes is forecasted to expand at a 4% CAGR to climb to US$ 9.45 billion by 2033.

Traditional stock cubes are widely used by the majority of households as familiar ingredients. A segment of consumers who hesitate to try vegan and organic options prefer to stick to products they are familiar with.

Compared to vegan or organic alternatives, conventional cubes are less expensive. They are adopted by a majority of consumers as a budget-friendly choice, as they are easily available in grocery stores and supermarkets. Vegan and organic alternatives on the other hand are difficult to find on store shelves.

What Makes Pressed Stock Cubes a Prominent Choice Worldwide?

“Booming Demand for Pressed Stock Cubes Due to Their Easy-to-Use Nature and Longer Shelf Life”

Pressed stock cubes dissolve quickly in hot water and are easy to use. This makes them a convenient choice among consumers who have less time for cooking at home. Pressed stock cubes have a longer shelf life compared to extruded stock cubes.

Several brands of presses stock cubes are establishing a strong reputation with heavy promotions and marketing. These marketing strategies help players increase consumer awareness and also influence their purchasing decisions.

Key Market Players

Maintaining product standards, quality control, and strengthening supply chain management systems are some key initiatives contributing to generating market growth opportunities.

Key suppliers of stock cubes are launching a wide variety of products to match consumer requirements. They are adopting different strategies, including partnerships, mergers & acquisitions, collaborations, distribution agreements, advertisements, and celebrity endorsements to expand their footprints.

For instance :

  • Nestlé, in 2020, launched Maggi stock cubes that contain no artificial preservatives or flavors and are produced with natural ingredients.
  • Unilever’s Knorr brand, in 2020, launched products with chicken bouillon that do not contain MSG and are manufactured with natural ingredients.
  • In 2019, Massel launched vegan stock cubes that are free from dairy, gluten, and other common allergens.

Key companies in the stock cubes market include Nestlé S.A., Bell Food Group, The Kraft Heinz Company, Hormel Foods Corporation, Premier Foods, Kallo Foods Ltd., Ajinomoto Co., Inc., GBfoods Group, Caldos Del Norte SL, Imana Foods (SA) (Pty) Ltd., Goya Foods, Inc., Edwards & Sons Trading Company, Inc., PRomasidor, Doyin Group, Patisen, Daily-Need Group, and Tesco PLC.

Segmentation of Stock Cubes Industry Research

  • By Product Type :

    • Vegetables
    • Fish
    • Pork
    • Chicken
    • Beef
  • By Nature :

    • Organic
    • Vegan
    • Conventional
  • By Form :

    • Cubes
    • Tablets
  • By Processing Type :

    • Pressed
    • Extruded
  • By Packaging Format :

    • Boxes
    • Sachets/Packets
    • Jars
  • By Sales Channel :

    • Food Processing Companies/Brands
    • Private Label Brands
    • Retail Sales
    • Food Service (HoReCa [Hotels, Restaurants, & Cafes])
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

What is the size of the stock cubes market in 2023?

The global stock cubes market stands at US$ 7.35 billion in 2023.

At what CAGR is the global market forecasted to expand over the decade?

The market for stock cubes is predicted to advance at a CAGR of 4.8% from 2023 to 2033.

At what rate is the demand for beef stock cubes projected to rise?

Consumption of beef stock cubes is predicted to increase at 4.4% CAGR from 2023 to 2033.

What is the predicted growth rate for the United States market?

The United States market is forecasted to expand at 5.3% CAGR through 2033.

What is the sales growth projection for the China market through 2033?

Sales of stock cubes in China are projected to advance at a CAGR of 3.5% from 2023 to 2033.

What valuation is the market in the United Kingdom expected to reach by 2033?

Demand for stock cubes in the United Kingdom is set to reach a market value of US$ 869.10 million by 2033.

What is the projected valuation for the global market for 2033-end?

The global stock cubes market is predicted to reach US$ 11.74 billion by 2033.

Stock Cubes Market

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