Market Definition
Chicken Flavors are best described as food additives that are widely used for adding colors and unique taste to recipes of chicken. Natural or synthetic substances are utilized in the manufacture of chicken flavor. Owing to its low sodium content and real chicken bouillon, alias broth used during the manufacturing, it is extensively produced in the form of paste, powder, or liquid and are conveniently offered in the marketplaces, hypermarkets, etc.
Market Insights
The Chicken Flavors Market is projected to grow at a CAGR of around 5.4% during the forecast period, i.e., 2023-28. The global market is more likely to be driven by the rising numbers of consumers for chicken-based items, more use of flavors for shortcut meat cooking, and the entry of businesses introducing ready-to-eat chicken items because of the hectic schedules and corporate lifestyle. Other significant factors responsible for the rapid acceleration of the market include launching protein powders and additional supplements using chicken items as their active ingredients, increasing alertness among individuals to stay healthy and intake a calorie deficit diet, and so on.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 5.4% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of the Middle East & Africa | |
| Key Companies Profiled | ACH Food Companies Inc., Givaudan, Hormel Foods Corporation, Kent Precision Foods Group Inc., Kerry Group plc, Koninklijke DSM N.V., Nestlé S.A., The J.M. Smucker Company, The Kraft Heinz Company, Trailtopia LLC |
| Unit Denominations | USD Million/Billion |
Additionally, producers focus on creating natural chicken flavors that are little processed, do not contain synthetic ingredients, and help lessen chemical additives' negative health consequences. The growing use of environmentally friendly technologies in producing liquid-based products with chicken flavor also contributes to the market's expansion. Likewise, the market is expanding due to several other factors, such as increased consumer spending power, widespread product acceptance in fast food restaurants and cafes, intensive research and development (R&D) activities, and rising demand for clean-label food products with natural flavors.
Market Dynamics
Key Driver: Rising Prominence of Shortcut Cooking Methods
Based on the projections, the "Chicken Flavors Market" is on its way to witnessing considerable growth owing to the rising prominence of shortcut cooking methods being considered by a majority of Gen-Z people. This emerging factor is urging the key industry players to join hands with the other manufacturers in launching more ready-to-eat chicken-based items and frozen products to enable young people, notably the ongoing college students and employees residing in other states or countries, to save their precious time along with preserving the authentic taste of the chicken. Furthermore, the dominating non-vegan franchise has also entered the industry as they are using technology to create chicken-flavoured cosmetic items. For instance,
Possible Restraint: Complex Regulatory Aspects Regarding Addition of Ingredients
The Chicken Flavor Market faces several challenges in meeting consumer demand and maintaining profitability. One of the biggest challenges is that the regulatory aspects surrounding the addition of ingredients are complex and require careful consideration. For example, many countries have strict laws and regulations regarding food additives, varying depending on the ingredient's intended use. In addition, certain ingredients may be prohibited in some regions due to safety concerns or cultural preferences.
Besides this, food manufacturers must also adhere to labeling requirements, which can include disclosing the presence of certain ingredients or allergens. Moreover, the market is highly competitive, with numerous companies offering chicken flavor products, making it difficult to differentiate and stand out, impeding the market expansion during the forecast period.
Growth Opportunity: Carrying Chicken-Flavored Items While Travelling
The market has already been accountable for beholding significant growth. The new substantial factor leading to the progression is the increased demand for more authentic and organic chicken flavors by the global population. The young generation holds a sizable chunk in the contribution as they constitute most traveling people. As a result, such a population is now seeking flavors and ready-to-eat meat items with bonafide flavors to enjoy a good and healthy meal while maintaining the time-efficiency between traveling. Due to this reason, manufacturers are shifting their focus towards pre-prepared frozen items and other foods that can be easily consumed or prepared with genuine flavors full of aroma, taste, and texture-adding ability.
Key Trend: Manufacturers Leaning Towards Generating Additives with The Least Artificial Chemicals
The exponential Increase in customer worry about the long-term health repercussions of food additives and artificial substances has added to the substantial growth of the natural or organic-based chicken flavor market. This situation indicated the digression of the industry landscape and acted as a matter of concern among many individuals during the historical period. To avoid this situation and flourish the industry, a large number of manufacturers progressively leaned towards generating additives with the fewest artificial chemicals, the least amount of processing, and no dangerous severe chemical issues. As of now, the market is predicted to flourish in the near future owing to the various risks eliminated as the strict government policies came into force.
Market Segmentation
By Form
Out of these aspects, the Powder form of the chicken flavors will influence the growth of the market during the projected timeframe. Additionally, sustainable technology has now emerged as the need of the hour, contributing to the expansion of the market and, thus, assisting in extracting such flavors in powder form. By adding more to the context, manufacturers are inclined towards producing additives that may contain the least artificial ingredients, are minimally processed, and are free from the spread of chemically affected severe hazardous problems. Consequently, a longer shelf life and storage convenience of powder-based flavors will most likely influence the market’s progression.
Regional Projection
Geographically, the Global Market expands across:
Out of these regions, the Asia-Pacific region will flourish in terms of revenues, production, increasing demand, and so on. The reason for the growth of the market under this region includes the prominent countries such as India, Nepal, Japan, and China that have been consuming chicken-based items for a very long time. In fact, in the modern era, manufacturers have started adding chicken ingredients to produce supplements and protein powders. In addition, the Asia-Pacific area is already full-fledged of bodybuilders, fitness trainers, and other people that routinely prefer to add chicken-meat products to their daily routine. Such are the substantial factors contributing to the expansion of the market during the forecast period.
Recent Developments in the Global Market
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Frequently Asked Questions
A. The “Chicken Flavors Market” is projected to grow at a CAGR of around 5.4% during the forecast period, i.e., 2023-28.
A. The global market is more likely to be driven by the rising numbers of consumers for chicken-based items, more use of chicken flavors for shortcut meat cooking, and the entry of businesses introducing ready-to-eat chicken items because of the hectic schedules and corporate lifestyle.
A. ACH Food Companies Inc., Givaudan, Hormel Foods Corporation, Kent Precision Foods Group Inc., Kerry Group plc, Koninklijke DSM N.V., Nestlé S.A., The J.M. Smucker Company, The Kraft Heinz Company, and Trailtopia LLC would emerge as the top players in market during 2023-28.
A. The Asia-Pacific region would present lucrative prospects in the market during 2023-28.
A. Manufacturers leaning towards generating additives with the least artificial chemicals is the major key trend that will shape the “Chicken Flavors Market” during 2023-28.
A. Carrying chicken-flavored items while travelling is the opportunity driving the market through 2028.
A. Complex regulatory aspects regarding addition of ingredients might affect the development of the “Chicken Flavors Market” during 2023-28.
