Global Stock Cubes Market to Exceed a Revenue of US$ 11.6 Billion at a robust CAGR of 4.8% during the forecast period 2023 to 2033

The United States stock cubes industry is projected to grow at a CAGR of 3.3%, reaching a market size of US$ 2,769.1 Million by 2033, driven by the increasing popularity of diverse ethnic cuisines such as Asian, Latin American, and African, which rely on stock cubes as an essential ingredient.

/EIN News/ — NEWARK, Del, May 12, 2023 (GLOBE NEWSWIRE) — According to Future Market Insights (FMI), the worldwide stock cubes market is valued at US$ 7,184.5 Million in 2023 and it is anticipated to reach US$ 11,606.0 Million by 2033. Over the next decade, global stock cubes demand is likely to increase at a CAGR of 4.8%.

Growing demand for convenience food products globally is a key factor that will spur growth in the stock cubes industry. The increasing popularity of ethnic cuisines will also fuel stock cubes demand during the forecast period.

Innovative marketing strategies employed by key stock cube manufacturers are expected to boost the market during the next ten years.

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To increase brand preference and sales, stock cube manufacturers use a variety of marketing strategies. This includes the use of technology to encourage consumers to buy stock cubes. These innovative marketing strategies are anticipated to propel the stock cube market forward.

For example, Knorr in Thailand sought to increase brand preference and encourage mothers to try new recipes that included Knorr ingredients such as stock cubes.

The primary challenge that Thai mothers confront is deciding what to cook for dinner. Understanding the challenge, Knorr collaborated with Thailand’s leading messaging platform to provide the Chabot service of kitchen help.

Internationalization and development of new varieties will create new growth prospects for the market. As the world is becoming more of a global village, consumers are becoming more accepting of culinary customs from other countries, increasing demand for ethnic and exotic ingredients.

Product diversity is becoming more popular as a result of consumer interest in novel flavors. Far Eastern, Mediterranean and Mexican cuisines have grown in popularity in recent years, especially in Northern European markets where supermarkets stock a wide variety of ready-to-eat food products from around the world.

Key Takeaways:

• The global stock cube market is expected to reach a valuation of US$ 11,606.0 Million by 2033.
• Global demand for stock cubes is likely to soar at 4.8% CAGR over the forecast period.
• Based on product type, the beef stock cubes segment is anticipated to reach a valuation of US$ 3,095.2 Million by 2033.
• By nature, the conventional stock cubes segment is likely to exhibit a 4.6% CAGR during the projection period.
• Europe is projected to hold a dominant value share of 28.8% in the global market by 2033.
• The United States stock cubes market is projected to reach a valuation of US$ 2,769.1 Million by 2033.
• The Singapore market is estimated to witness a value CAGR of 9.9% during the projection period.

“Globalization has allowed for the homogenization of culinary tastes from differing regions. Stock cubes, being affordable and readily available, have grown popular globally. Manufacturers would find growth opportunities by focusing on unique flavors and textures to meet niche preferences,” – says a lead analyst at Future Market Insights (FMI).

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Who is Winning?

The Kraft Heinz Company, Nestlé S.A, Kallo Foods Ltd., Goya Foods, Inc., Bell Food Group, Hormel Foods Corporation, CALDOS DEL NORTE SL, PREMIER FOODS, Promasidor, Ajinomoto Co., Inc., Daily-Need Group, GBfoods Group, Patisen, IMANA FOODS (SA) (PTY) LTD, Edwards & Sons Trading Company, Inc., TESCO PLC, and Doyin Group are key stock cube manufacturers listed in the report.

These companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market. For instance,

• In 2019, Premier Foods launched a new range of OXO beef stock cubes, which are made with high-quality beef and contain no artificial colors, flavors, or preservatives.

Get More Valuable Insights:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global stock cubes market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the stock cubes market based on product type (vegetable, fish, pork, chicken, beef), nature (organic, vegan, conventional), form (cubes, tablet), processing type (pressed products, extruded products), packaging format (box, jars, packet/sachet), and sales channel (food processing companies/brands, private label brands, food service (HoReCa), retail sales), across various regions.

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Market by Categories:

By Product Type:

• Vegetable
• Fish
• Pork
• Chicken
• Beef
• Others (Lamb, Ham)

By Nature:

• Organic
• Vegan
• Conventional

By Form:

By Processing Type:

• Pressed Products
• Extruded Products

By Packaging Format:

• Box
• Packet/Sachet
• Jars
• Plastic
• Glass

By Sales Channel:

• Food Processing Companies/Brands
• Private Label Brands
• Food Service (HoReCa)
• Retail Sales (B2C)
• Online Retailing
• Store-Based Retailing
• Convenience Stores
• Discount Stores
• Hypermarkets/Supermarket
• Specialty Stores
• Independent Small Grocers
• Other Grocery Retailers
• Non-grocery Retailers
• Pop Up Store
• Mixed Retailers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Table of Content (ToC):

1. Executive Summary | Stock Cubes Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition

3. Market Dynamics

    3.1. Drivers

        3.1.1. Supply Side Drivers

        3.1.2. Demand Side drivers

        3.1.3. Economic Side Drivers

4. Value Chain Analysis

    4.1. Operating margins at each node of the supply chain

    4.2. List of Active Market Participants

5. Global – Pricing Analysis

    5.1. Price Point Assessment by Region

        5.1.1. Manufacturer-Level Pricing

        5.1.2. Distributor Level Pricing

    5.2. Price Point Assessment By Product

    5.3. Price Forecast till 2033

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About the Food & Beverage Division at Future Market Insights (FMI):

Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 Million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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