Chicken Flavor Market

Chicken Flavor Market Size:

The global chicken flavor market size reached USD 707.7 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 971.4 Million by 2032, exhibiting a growth rate (CAGR) of 3.47% during 2024-2032. The market is expanding due to the increasing demand for convenience foods, rising focus on health-consciousness among consumer, growing popularity of ethnic cuisines, rapid innovations in plant-based alternatives, and the heightened preference for natural ingredients.

Chicken Flavor Market Trends:

Rising Demand for Processed and Convenience Foods

The increasing demand for processed and convenience foods across the globe is one of the major factors bolstering the market growth. It is estimated that the market for convenience foods will reach USD 782.7 billion by 2032, with a growth rate of 5.47%. Moreover, the growing hectic schedules of consumers, prompting them to seek quick, ready-to-eat (RTE) or easy-to-prepare meals without compromising on taste or nutritional value is fostering the market growth. Along with this, the introduction of chicken-flavored products, such as soups, snacks, instant noodles, and frozen meals, that offer a satisfying flavor is acting as a growth-inducing factor. Moreover, rapid advancements in food preservation techniques, such as freeze-drying and vacuum packing, to ensure that these products maintain their freshness and flavor over longer periods are enhancing the chicken flavor market growth.

Growing Popularity of Chicken as a Versatile and Healthy Protein Source

The increasing recognition of chicken as a healthy and versatile protein source, is propelling the chicken flavor market demand. Moreover, the burgeoning focus of consumers on their health, prompting them to seek alternatives to red meat due to concerns about fat content and cholesterol levels, is fostering the market growth. In line with this, the widespread consumption of chicken, as it is lower in fat and high in protein, is contributing to the market growth. Furthermore, the growing popularity of chicken across different cultures that makes it a staple ingredient in global cuisine is anticipated to drive the market growth. Along with this, the heightened utilization of chicken flavoring as a preferred option in snacks, seasonings, and food products is catalyzing the market growth.

Increasing Consumer Preference for Natural and Authentic Flavors

The ongoing shift in the food industry toward natural and authentic flavors is positively impacting the market growth. Moreover, the growing focus of consumers on the ingredients in their food, as they prefer products that use natural flavors rather than artificial additives, is creating a positive outlook for the market. Additionally, the increasing utilization of real chicken extracts and other natural sources by food manufacturers to produce authentic chicken flavors is bolstering the market growth. Along with this, the development of high-quality chicken-flavored seasonings, broths, and marinades that offer a genuine taste experience is fueling the market growth. Furthermore, the rising innovation in the use of organic and free-range chicken extracts to cater to environmentally conscious consumers is boosting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global chicken flavor market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on form, nature, packaging, application, and end user.

Breakup by Form:

• Liquid
• Powder
   

Breakup by Nature:

• Organic
• Conventional
   

Breakup by Packaging:

• Bag
• Bottle
• Box
• Jar
• Can
• Sachets and Pouches
• Others
   

Breakup by Application:

• Soups and Sauces
• Food and Beverages
• Animal Feed
• Bakery Products
• Confectionery Products
• Others
   

Breakup by End User:

• Business-to-Business (B2B)
• Business-to-Consumer (B2C)
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global chicken flavor market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• ACH Food Companies Inc. (Associated British Foods plc)
• Givaudan
• Hormel Foods Corporation
• Kent Precision Foods Group Inc. (Kent Corporation)
• Kerry Group plc
• Koninklijke DSM N.V.
• Nestlé S.A.
• The J.M. Smucker Company
• The Kraft Heinz Company
• Trailtopia LLC
• Unilever plc
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Chicken Flavor Market News:

• In April 2024, the HORMEL NATURAL CHOICE brand reintroduced two items to its appetizing lineup of deli options, which include Rotisserie Seasoned Deli Chicken Breast and Deli Roast Beef. These varieties have joined the company’s wide-ranging portfolio of 100% natural deli products, with no nitrates or nitrites added, and no preservatives.
• In October 2024, the Delimex brand of The Kraft Heinz Company launched new crispy quesadillas, which are available in char-grilled chicken and chipotle chicken flavors. Delimex Crispy Quesadillas offer bold flavor, juicy chicken, and gooey cheese in a perfectly crunchy tortilla.

Report Coverage:

Key Questions Answered in This Report:

• How has the global chicken flavor market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global chicken flavor market?
• What are the key regional markets?
• What is the breakup of the market based on the form?
• What is the breakup of the market based on the nature?
• What is the breakup of the market based on the packaging?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global chicken flavor market and who are the key players?
• What is the degree of competition in the industry?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the chicken flavor market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global chicken flavor market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the chicken flavor industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.