PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402625
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402625
Global seafood broth market is estimated to be valued at US$ 748.6 Mn in 2023 and is expected to reach US$ 978.5 Mn by 2030 and is expected to exhibit a compound annual growth rate (CAGR) of 3.9% during the forecast period 2023-2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 748.6 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.90% | 2030 Value Projection: | US$ 978.5 Mn |
Seafood broth is a tasty liquid that can be used to create soups, stews, sauces, and gravies. It is prepared by cooking veggies, spices, and seafood. It is frequently made from animal parts that are typically abandoned, like fish bones, heads, tails, and shells. A flavorful mirepoix, which is a combination of finely chopped onions, carrots, and celery, is frequently added to the mixture. After cooling and straining, the liquid is ready to be utilized in a number of recipes. To preserve its light and fresh qualities, it is usually boiled for a shorter amount of time than chicken or beef stock. It can be used in many different dishes, including fish chowder, clam chowder, and different seafood stews.
Increasing acceptance of seafood-based diets will continue to fuel growth of the global seafood broth market over the forecast period. Seafood has less fat than other animal proteins which makes it a popular choice for a healthy protein source. Growing consumer interest in diverse cuisine will also continue to fuel growth of the global seafood broth market over the forecast period. The development of foodservice sector will create new opportunities for the global seafood broth market over the forecast period. The market for seafood broth has a lot of potential in the foodservice sector, which includes eateries, coffee shops, and catering services. There are numerous options for meat-based broths and stocks available in stores, but the availability of store-bought seafood broths is limited. This scarcity may be due to the delicate and easily altered flavors and aromas of seafood, which can become flat and fishy when packaged. As a result, there are few companies that produce store-bought seafood broths and stocks.
Limited consumer knowledge is expected to hamper growth of the global seafood broth market over the forecast period.
Global Seafood Broth Market Detailed Segmentation: