Bone broth protein has become one of the popular supplements amongst people across the world. Bone broth protein is a nutritional supplement which asserts to offer people the health benefits like weight loss, reduction in joint pain, reduction in skin aging, and reduced appetite. The bone broth protein is largely sourced from chicken bone or beef bone by most of the manufacturers. The rise in the production and consumption of health and fitness related food and beverages is propelling the bone broth protein market at large. The bone broth protein market is largely dominated by North America followed by Europe due to a significant rise in the consumption of protein. Globally, manufacturers will experience a substantial amount of growth in the bone broth protein market in the coming years. Some of the principal manufacturers in the bone broth protein market are Ancient Brands LLC, Perfect Supplements LLC, By- Brown LLC, Kettle & Fire, Inc., LONOLIFE, Paleo Pro LLC, Left Coast Performance, Precision Naturals, Nutraholics, and Protein Essentials LLC.
The Rise in Health and Fitness Food & Beverages Is Driving the Bone Broth Protein Market
The bone broth protein market is observing a noteworthy increase due to a rise in the production and consumption of health and fitness related food and beverages across the globe. The consumers’ shift towards the protein-based food sourced from animals is driving the bone broth protein market at large. The growing trend of consuming protein based ready to eat and ready to drink food and beverages is driving the bone broth protein market. The bone broth protein has numerous health benefits such as improved bone strength, skin aging, and strengthened immunity and metabolism. The bone broth protein market is being driven by the increased number of health-conscious people across the globe. The fastened urbanization and continuous aging population are significantly supporting the growth of the bone broth protein market. Moreover, there is a rise in the consumption of nutritious food and beverages to keep away from medicines is driving the bone broth protein market. The key factors which can hinder the growth of the bone broth protein market are consumers’ shift towards vegan and cruelty-free food.
Global Bone Broth Protein: Market Segmentation
On the basis of the source, the bone broth protein market is segmented as:
On the basis of nature, the bone broth market, is segmented as:
On the basis of the type, the bone broth protein market is segmented as:
On the basis of the flavor, the bone broth market is segmented as:
- Banana cream
On the basis of the distribution channel, the bone broth market is segmented as:
- Online stores
- Drug stores
- Specialty stores
Global Bone Broth Protein Market: Key Players
Some of the key players in the bone broth protein market are Xi’an Lvyuan Technology Industrial Co., Ltd., Ancient Brands LLC, Perfect Supplements LLC, By- Brown LLC, International Dehydrated Foods, Inc., Kettle & Fire, Inc., LONOLIFE, Erie Bone Broth LLC, Protein Essentials LLC, One Step Ahead Marketing LLC, Pacific Foods of Oregon LLC, Jarrow Formulas, Inc., Epigenetic Labs LLC, Best of Organic LLC, Brodofication LLC, Paleo Pro LLC, Left Coast Performance, Precision Naturals, Bonafide Provisions, Nutraholics, Peak Performance Life LLC, Barebones Ventures LLC, and Maxim Zenwise OPCO LLC. Ancient Brands LLC has recently got $103 mn in funding from a hundred plus investors. Maxim Zenwise OPCO LLC is keen on expanding its market and is looking for wholesalers across the globe. Moreover, it takes help from 3rd party companies like luckvitamin.com and iherb.com to ship the product outside the US.
Opportunities for Market Participants
Manufacturers have numerous opportunities in the market as a consequence of increasing demand for the bone broth protein. The e-commerce industry renders huge opportunities to the manufacturers of bone broth protein due to worldwide reach to the consumers at a time. The manufacturers can target a large number of consumers as the consumers are demanding innovative and unusual flavors and taste in the bone broth protein. The demand for bone broth protein across all the age groups provides manufacturers with a huge platform in the market. Furthermore, the enlargement of the health and fitness industry, gyms across the globe have provided manufacturers with a very great platform in the bone broth protein market. The significant rise in the overall food & beverages industry has provided marketers with opportunities in the bone broth protein market. There is an increase in the per capita income over the world due to which, people are willing to spend more money on the quality and taste. People are including bone broth protein in their daily diet which gives manufacturers great opportunity in the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.