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Stock & Broth Production - Industry Market Research Report

  • May 2016
  • 36 pages
  • Ibisworld
Report ID: 2573350

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Out of stock: Higher competition from fresh produce will impede industry revenue growth



Abstract

Stock & Broth Production

The Stock and Broth Production industry's main products have shown limited development in recent years, failing to attract new consumers. Although industry products have historically been a staple in US households, rising out-of-home dining expenditures as well as a shift toward fresher foods have led to a decline in demand for industry products. Over the next five years, the industry is expected to continue its decline. Stock and broth products will continue to be used regularly in home cooking for a number of consumers; however, the competition from fresh produce and meat products will loom. More than ever, companies' branding and marketing efforts will be crucial to maintaining their sales. Some industry operators have already moved to repackage and reformulate their products to counter consumers' increasing rejection of canned and processed foods, which is expected to slow the industry's decline.

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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