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| Seafood Broth Market |
Seafood broth is rich in minerals, proteins, vitamins and other nutrients. It is used for cooking rice, soups and stew. The health benefits associated with seafood broth such as improving immunity, bone health and cardiovascular health have increased its demand worldwide.
The global
Seafood Broth Market is estimated to be valued at US$ 862.39 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing health-conscious population has been a key trend driving the
growth of the seafood broth market. There is a rising consumer awareness about
the various health benefits of seafood broth as it is rich in important
nutrients. Many consumers now prefer seafood broth over regular broth due to
its nutritional superiority. This has encouraged food product manufacturers to
offer more seafood-based broth options in the market. The demand for
ready-to-eat seafood broth products has also increased owing to changing
consumer lifestyles and busy schedules. Many leading players have launched
innovative packaging and new product ranges to cater to this demand. This
thriving product demand from health-conscious consumers is expected to further
propel the seafood broth market expansion over the forecast period.
Segment Analysis
The global seafood broth market consists of different product segments. The
crustacean broth segment held the largest share of over 30% in 2024 owing to
high demand for shrimp and crab broth from foodservice outlets. Crustacean
broth finds wide application in soups, sauces and seafood dishes. The fish
broth segment is expected to witness the highest growth during the forecast
period due rising popularity of fish-based broths among health conscious
consumers.
Key Takeaways
The global Seafood
Broth Market Share is expected
to witness high growth during the forecast period. The global Seafood Broth
Market is estimated to be valued at US$ 862.39 Bn in 2023 and is expected to
exhibit a CAGR of 12% over the forecast period 2024 to 2031.
Regional
analysis Western Europe dominates the global seafood broth market, accounting
for over 25% of the total market share in 2024. Countries such as France, Italy
and Spain have emerged as major consumers of seafood broth products. Growth in
the region is driven by rising popularity of seafood cuisines.
Key players operating in the seafood broth market are ATM S.A. (ATMAN),
Equinix, Inc., Aruba S.p.A., Beyond.pl, EdgeConneX Inc., Virtua Operator, Exea
Data Center, Comarch SA, OVH, T-Mobile Polska, SNP Poland Sp. z o.o.. ATM S.A.
(ATMAN) is the leading player, specializing in production of crustacean and
fish broths. The company has a strong distribution network across Europe and
Asia Pacific.
For more insights, read- https://www.ukwebwire.com/seafood-broth-market-trends-size-and-share-analysis/
For more details on the report, Read- https://cmiinfopiece.blogspot.com/2024/01/the-global-luxury-travel-market-growth.html
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