The Stock and Broth Production industry's main products have shown limited development in recent years, failing to attract new consumers. Sales dipped during the recession and had a hard time turning the corner to growth. Moreover, the next five years are expected to look much like the past five for the industry. 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. Consolidation activity will also increase as the industry's major players aim to increase their share of a market that is growing only slowly. Nonetheless, an increase in consumer spending will help carry revenue.
Stock and broth manufacturers make liquid food bases out of animal and vegetable components. These liquid bases are generally used as ingredients in soups, gravy or sauces.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.
