PUBLISHER: 360iResearch | PRODUCT CODE: 1465202
PUBLISHER: 360iResearch | PRODUCT CODE: 1465202
[193 Pages Report] The Frozen Chicken Market size was estimated at USD 16.36 billion in 2023 and expected to reach USD 17.24 billion in 2024, at a CAGR 5.47% to reach USD 23.76 billion by 2030.
Frozen chicken refers to chicken that has been preserved through freezing to maintain its nutritional value, flavor, and texture over an extended period. This process allows chicken to be stored and transported conveniently, making it a staple worldwide in households and food service industries. Frozen chicken comes in various forms, including whole chicken, chicken cuts, and processed products such as nuggets and patties. Key growth drivers include the modern lifestyle's demand for quick meal solutions, the rising health consciousness promoting chicken as a healthier protein, the influence of global cuisines expanding the appetite for diverse chicken-based dishes, and the economic advantage frozen chicken presents. Conversely, challenges such as perceptions of inferior quality compared to fresh counterparts, supply chain vulnerabilities, and stringent regulatory landscapes pose hurdles. However, innovation includes advanced freezing technology for superior quality preservation, expanding into online sales and subscription models alongside efforts to enhance sustainability, nutritional value, and flavor diversity expected to create potential opportunities for the growth of the frozen chicken market.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 16.36 billion |
Estimated Year [2024] | USD 17.24 billion |
Forecast Year [2030] | USD 23.76 billion |
CAGR (%) | 5.47% |
Type: Proliferating usage of processed chicken owing to their added ingredients for flavor
Whole chicken refers to a completely intact bird prepared for cooking or freezing. This includes the removal of feathers, innards, and often the feet and head. Whole chickens are versatile and suitable for roasting, baking, or broiling. Cut-up pieces refer to entire chickens partitioned into various segments, such as breasts, thighs, wings, and drumsticks. These portions allow for more convenient cooking options, catering to diverse culinary preferences and recipes. Chicken breast is the thinnest portion of the chicken, known for its low-fat content and high protein. It is widely used in healthy eating and is versatile in preparation, including grilling, baking, and frying. Frozen chicken breasts offer convenience for meal planning. Chicken thighs are favored for their richer flavor than chicken breasts owing to their higher fat content. They are commonly used in various cuisines, offering a tender texture ideal for slow cooking, grilling, and baking. Chicken drumsticks consist of the lower part of the chicken leg. Known for their juiciness and flavor, drumsticks are popular for barbecuing, frying, and baking. They are particularly favored for their ease of eating and preparation. Chicken wings are a widely beloved snack, especially when prepared with different marinades and sauces. They consist of three parts: the drumette, wingette, and tip. Wings are a staple of party food, often fried, grilled, or baked. Processed chicken products include various items made from chicken meat that has been minced, flavored, and reshaped, often with added ingredients for flavor and preservation. These are convenient, quick-cooking options for meals. Chicken nuggets are small, breaded pieces of tender, ground, or minced chicken meat, cooked and frozen for convenience. These are a popular snack or meal component, especially among children, and are typically deep-fried or baked. Chicken popcorn consists of small, bite-sized pieces of chicken covered in a crispy batter and deep-fried. They are a popular snack or appetizer, valued for their crunchy exterior and tender meat. Chicken fingers are strips of chicken breast meat that have been breaded or battered and fried. Also known as chicken tenders, they are a popular finger food, often served with dipping sauces. Chicken patty refers to ground chicken meat that has been seasoned, formed into a disk shape, and then frozen. These patties are commonly used in chicken burgers and sandwiches, offering a versatile, easy-to-cook meal option.
End-Use: Evolving consumption of frozen chicken across the commercial sector
The residential constitutes households that purchase frozen chicken for personal consumption. The residential use is driven by the growing demand for convenience foods, the rising awareness of protein-rich diets, and the increasing number of working professionals with limited time for food preparation. The demand in this sector is influenced by pricing, packaging innovations that enhance shelf life and ease of use, and the availability of various cuts and preparations catering to diverse culinary preferences and dietary requirements. The commercial segment includes multiple businesses such as restaurants, fast food chains, hotels, catering services, and canteens, which use frozen chicken as a staple ingredient in their menu offerings. the commercial use is primarily driven by the food service industry's growth, changing consumer dining preferences, and the need for consistent quality and supply. Commercial buyers prioritize supplier reliability, product quality, and competitive pricing. Additionally, there's a growing trend toward sourcing sustainably raised and processed chicken among businesses in response to consumer demand for ethically produced food.
Regional Insights
In the Americas, the demand for frozen chicken is primarily driven by convenience, variety, and health-conscious choices among consumers. The market is witnessing significant innovation in product offerings, including organic and antibiotic-free options. Recent patents in preservation and packaging technology demonstrate the industry's focus on extending shelf life and improving sustainability. The market is seeing a rise in plant-based alternatives, reflecting consumer preferences towards sustainability. Investments in cold chain infrastructure are notable, improving the logistics and distribution efficiency for frozen chicken products. The EU market for frozen chicken is characterized by stringent regulations regarding food safety and animal welfare, influencing product standards and consumer trust. Innovations in packaging and product traceability are prominent, catering to consumer demands for transparency. Sustainable practices and food waste reduction are key focus areas for investment and research. The Middle Eastern market strongly demands halal frozen chicken products, with consumer preferences leaning toward spicy and exotic flavors. The region is witnessing growth in quick-service restaurants, driving the consumption of frozen chicken products. Investments are primarily directed towards enhancing halal certification processes and cold storage facilities. Africa's zfixed chicken market is experiencing rapid growth due to urbanization and rising disposable incomes. Asia-Pacific is experiencing growth in the frozen chicken market, with a growing demand attributed to urbanization and retail infrastructure expansion. The market is competitive, with a strong emphasis on safety and quality. Recent research and investment have concentrated on supply chain optimization and blockchain integration for transparency. The focus on quality and convenience is paramount, with significant investments in vending machine distribution channels. Key initiatives include enhancing distribution networks and cold chain infrastructure to cater to the growing demand across the Asia-Pacific region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Frozen Chicken Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Frozen Chicken Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Frozen Chicken Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Pte. Ltd., Campbell Soup Company, Conagra Brands, Inc., Del Monte Foods, Inc., EARLYBIRD FARM PTY LIMITED, Foster Farms, General Mills Inc., Hormel Foods Corporation, Inghams Group Limited, JBS SA, KOCH FOODS INCORPORATED, Lantmannen Group, Maple Leaf Foods Inc., McCain Foods Ltd., Mountaire Farms, Perdue Farms Inc., Pilgrim's Pride Corporation, Plukon Food Group, Sunbulah Group, Tegel Foods Limited, The Kraft Heinz Company, Tyson Foods, Inc., Waitrose Ltd., and WIESENHOF International GmbH.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Frozen Chicken Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Frozen Chicken Market?
3. What are the technology trends and regulatory frameworks in the Frozen Chicken Market?
4. What is the market share of the leading vendors in the Frozen Chicken Market?
5. Which modes and strategic moves are suitable for entering the Frozen Chicken Market?