PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463142
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463142
The global bone broth protein powder market size is expected to reach USD 136.18 million by 2032, according to a new study by Polaris Market Research. The report "Bone Broth Protein Powder Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic, Conventional); By Source; By Flavors; By Application; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing research activities among the key market players are creating new growth opportunities for the market. Companies are stepping forward to introduce a specialized portfolio to cater to ongoing consumer demand for healthy food. Taranaki Bio Extracts, a New Zealand bone broth manufacturer, introduced their premium B2B food ingredient range under the 'Butler' sub-brand in 2023. As the companies innovate new products in the market with sustainability as a primary concern, there will be huge growth potential for the expansion of the global market during the study period.
The existence of a higher nutritional value in bone broth protein powder is driving its adoption among the population. People with osteoarthritis may experience less joint discomfort by consuming bone broth, which is high in chondroitin and glucosamine. In addition, based on human and animal studies, this protein powder may have the ability to reduce the effects of aging due to the presence of proline and hyaluronic acid. Furthermore, it can enhance gut health, driven by the effectiveness of glutamine, which is present in bone broth protein powder, in guarding the 'leaky gut' and its ability to assist in preserving the function of the intestinal wall. Moreover, bone broth protein powder can improve sleep and reduce inflammation, further boosting its adoption among households.
The organic segment is anticipated to witness the highest growth in the coming years due to the ongoing clean-label trends in the marketplace.
Chicken segment accounted for the largest market share owing to the prevalence of a larger consumer base.
The chocolate segment is projected to experience a larger revenue share due to its broad consumer appeal.
The sports nutrition segment is expected to witness significant growth attributable to its ability to recover muscle health and increase athlete performance.
The online retailers segment held a significant share of revenue owing to the rising availability of a wide range of products to end users.
North America is projected to register the largest growth rate in the study period owing to the rising demand for convenience foods.
The global players include Ancient Nutrition, Believe Supplements, Bonafide Provisions, Organixx, Overwaitea Food Group, & Zenwise Health.
Polaris Market Research has segmented the bone broth protein powder market report based on nature, source, flavor, application, distribution channel and region: