PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339123
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339123
The global chicken flavor market size is expected to reach USD 1131.26 million by 2032, according to a new study by Polaris Market Research. The report "Chicken Flavor Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid and Powder); By Nature (Organic, Conventional); By Packaging; By End Users; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The surge in the popularity of chicken among huge populations is one of the prominent factors enhancing the growth of the global market. This has improved the focus of several market leaders in the chicken flavor market. For example, in January 2023, PERDUE launched two new meal and snacking lines in its portfolio named PERDUE Chicken Plus Snackers and PERDUE Flavor-Infused Chicken. Likewise, many other companies have also invested in the varieties of flavors made from chicken. This is significantly broadening the global market's size.
The growing consumer demand for chicken flavor products is a key driver of the market. Chicken is a widely popular meat, and consumers enjoy the flavor of a variety of food products. It is perceived as a healthier protein source compared to red meat, which is helping to improve the demand for chicken flavor worldwide. Moreover, many food companies are constantly innovating to create new chicken flavor products that meet the evolving needs of consumers. This includes products that are low in sodium, free from artificial flavors and preservatives, and cater to specific dietary needs such as gluten-free or vegan.
Increasing consumption of chicken among people worldwide is also likely to develop the market's growth. This is because chicken is a lean protein source and is often perceived as a healthier alternative to red meat. It is also low in fat and calories, making it a popular choice for those watching their weight. For example, in the United States, there were 68.1 pounds of chicken available per person in 2021. Growing consumption of chicken is apparently augmenting the sales of markets across the world.
Liquid form segment is accounted for largest share of the total global revenue. This is because they are easier to incorporate into various kinds of recipe
Organic segment is largely contributing to the market with significant revenue due to growing consumer preference towards organic food and increasing demand for the clean label product
Sachets and pouches segment is expected to expand at the fastest CAGR during the forecast period. This is attributed to the increasing preference among people due to its benefits like cost-effectiveness and customization
North America held the largest share as of 2022 due to huge consumption of Chicken Flavor products, growing health concerns among various countries, and availability of Chicken Flavor manufacturers in the region
The global chicken flavor market involves Kerry Group, Koninklijke DSM, Sensient Technologies, Cargill, BASF, International Flavors & Fragrances, Symrise, Givaudan, and Trailtopia Adventure.
Polaris Market Research has segmented the Chicken Flavor market report based on form, nature, packaging, end users, and region: