Stock & Broth Production
The Stock and Broth Production industry produces both liquid and dried stocks and broths, which are used in a variety of soups, sauces and gravies. Although industry products have historically been a staple in US households, the industry has been challenged over the past five years by rapid shifts in consumer food preferences. Consumers have increasingly sought organic or natural foods, which they perceive to be healthier than canned or processed goods. This trend has been particularly devastating to the industry's dried stock and broth segment; however, its impact has cascaded across the industry. Over the five years to 2017, industry revenue is expected to fall. Over the next five years, it is likely that larger companies will seek acquisitions of smaller companies that may enter the industry through the production of organic stock and broth. Health-conscious consumer food trends are only expected to continue as millennials gain purchasing power and displace baby boomers as a share of the US population, and the industry's sales are expected to continue to slump. Over the five years to 2022, industry revenue is projected to continue to fall.
Stock and broth manufacturers make liquid food bases out of animal and vegetable components, as well as dried stocks and broths that can be mixed with water. These products are generally used as ingredients in soups, gravies and sauces. However, the industry excludes establishments that process stock and broth with other ingredients before sale to consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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