Asia Pacific Chicken Powder Market Forecast to 2030
Asia Pacific Chicken Powder Market Forecast to 2030 – Regional Analysis – By Type (Low-Fat and Conventional) and Application [Food & Beverages (RTE and RTC Meals; Soups, Sauces, and Dressings; Savory Snacks; Noodles and Pastas; and Others), Dietary Supplements, Pet Food, and Animal Feed]
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- List of Companies
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Description
Rising Preference for Umami Flavors Fuels the Asia Pacific Chicken Powder Market
Rising modernization, changing lifestyles, and changing taste preferences boost the demand for umami flavors across the world. Umami is considered the fifth primary taste-next to sweet, sour, bitter, and salty. Umami flavor imparts a savory taste to the food items. Thus, it has become a popular flavor among food and beverage manufacturers aiming to improve the taste of low-sodium offerings. Umami adds a ‘brothy’ or ‘meaty’ taste to end products. Thus, with increasing popularity, the demand for umami-flavored products is increasing among the global population.
The umami flavor is mainly obtained from various meat extracts such as beef, chicken powder, and pork extracts. Chicken powder is used in various foods and beverages to bring the umami taste and mouthfeel. Moreover, umami gives a meaty flavor to the end product. The savory quality of Umami can make food items taste richer without adding sodium or fat. Therefore, the preference for umami flavor increases among manufacturers to cater to the rising demand of consumers. Kerry Group offers umami stocks that are clean-label and can be used in prepared meals, soups, sauces, gravies, burgers, and poultry applications.
Thus, the rising preference for umami flavors is expected to provide lucrative opportunities for the Asia Pacific chicken powder market during the forecast period.
Asia Pacific Chicken Powder Market Overview
The chicken powder market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The increasingly high number of consumers in Asia Pacific countries are opting for animal products as a preferred source of protein. The region holds promising growth potential for the chicken powder market players due to the flourishing food industry. The demand for chicken-based products is increasing with the rising popularity of the Western diet and increased demand for ready-to-eat and ready-to-cook products in China and India, among other countries.
Moreover, the discourse associated with cattle is religious in India. Article 48 of the Indian Constitution considers slaughtering cows, milch, calves, and draught cattle as an offense. The Environment Ministry of India banned the slaughter of cattle in May 2017. Thus, the demand for chicken-based products is higher in India, thereby boosting the demand for chicken powder.
Manufacturers such as Neogen Corporation and Ottogi New Zealand Ltd. use livestock and poultry products to enhance the flavor and fragrance of their soups, sauces, nuggets, snacks, ready-to-eat meals, etc. Thus, the demand for meat extract such as chicken powder as a raw material is increasing among manufacturers, which is expected to drive the chicken powder market in Asia Pacific during the forecast period.
Asia Pacific Chicken Powder Market Revenue and Forecast to 2030 (US$ Thousand)
Asia Pacific Chicken Powder Market Segmentation
The Asia Pacific Chicken Powder Market is segmented based on type, application, and country.
Based on type, the Asia Pacific chicken powder market is bifurcated into low-fat and conventional. The conventional segment held a larger Asia Pacific chicken powder market share in 2022.
By application, the Asia Pacific chicken powder market is segmented into food & beverages, dietary supplements, pet food, and animal feed. The food & beverages segment held the largest Asia Pacific chicken powder market share in 2022. Similarly, food & beverages is further categorized into RTE and RTC meals, soups sauces and dressings, savory snacks, noodles and pastas, and others.
Based on country, the Asia Pacific chicken powder market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific chicken powder market in 2022.
Symrise AG, Fuji Foods Inc, The Scoular Co, BRF SA, and Nikken Foods Co Ltd are some of the leading companies operating in the Asia Pacific chicken powder market.
Summary Info
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According to the Research Team’ research, the Asia Pacific chicken powder market was valued at US$ 176.93 million in 2022 and is expected to reach US$ 288.91 million by 2030, registering a CAGR of 6.3% from 2022 to 2030. Strategic development initiatives and wide array of applications of chicken powder as flavor are among the critical factors attributed to the Asia Pacific chicken powder market expansion.
The application industries of the chicken powder market across the world invest significantly in strategic development initiatives such as product innovation to attract consumers and enhance their market position. In July 2019, Hormel Foods Corporation introduced two new flavors to its snacking portfolio – Mediterranean-style chicken with bruschetta jack cheese and chipotle chicken with queso quesadilla cheese and flaxseed corn chips. An innovative product-level innovation approach initiated by the company aims to offer a convenient way for people to consume snacks. Thus, increasing innovations in end products ultimately boost the demand for chicken powder. Also, the rising demand for chicken-based snack products from consumers generates the need for chicken powder among snack manufacturers.
Moreover, the meat-based flavor manufacturers invest significantly to enhance their product portfolio by launching different meat-based flavors. In June 2021, Essentia Protein Solutions launched a new product named ‘Essentia C3306 Chicken Flavor’ to enhance the multi-species ‘ProFlavor’ line. The company claims that the new flavor is low in carbs, high in protein, and has no added salts. It also stated that the flavor is prepared by using chicken broth powder. Such product launches by end-use industries aid the chicken powder market growth.
Furthermore, the manufacturers of chicken powder expand their presence in various countries to cater to the demand from consumers.
Thus, increasing investments in product innovation and business expansion strategies to expand their customer base and meet emerging consumer trends bolster the growth of the chicken powder market.
On the contrary, increasing consumer inclination toward vegan and vegetarian diet hampers the growth Asia Pacific chicken powder market.
Based on type, the Asia Pacific chicken powder market is bifurcated into low-fat and conventional. The conventional segment held 80.8% share of the Asia Pacific chicken powder market in 2022, amassing US$ 1,43,036.69 thousand. It is projected to garner US$ 2,32,023.47 thousand by 2030 to expand at 6.2% CAGR during 2022-2030.
By application, the Asia Pacific chicken powder market is segmented into food & beverages, dietary supplements, pet food, and animal feed. The food & beverages segment held 60.7% share of Asia Pacific chicken powder market in 2022, amassing US$ 1,07,429.31 thousand. It is projected to garner US$ 1,69,884.51 thousand by 2030 to expand at 5.9% CAGR during 2022-2030.
Based on country, the Asia Pacific chicken powder market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific held 33.7% share of Asia Pacific chicken powder market in 2022, amassing US$ 59,661.56 thousand. It is projected to garner US$ 95,859.94 thousand by 2030 to expand at 6.1% CAGR during 2022-2030.
Key players operating in the Asia Pacific chicken powder market are Symrise AG, Fuji Foods Inc, The Scoular Co, BRF SA, and Nikken Foods Co Ltd, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific chicken powder market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the chicken powder market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Chicken Powder Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 Application
4.4 List of Vendors
5. Asia Pacific Chicken Powder Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Array of Applications of Chicken Powder as Flavor
5.1.2 Strategic Development Initiatives
5.2 Market Restraints
5.2.1 Increasing Consumer Inclination Toward Vegan and Vegetarian Diet
5.3 Market Opportunities
5.3.1 Rising Preference for Umami Flavors
5.4 Future Trends
5.4.1 Surging Demand for Organic and Clean-Label Chicken Powder
5.5 Impact Analysis of Drivers and Restraints
6. Chicken Powder Market – Asia Pacific Market Analysis
6.1 Asia Pacific Chicken Powder Market Revenue (US$ Thousand)
6.2 Asia Pacific Chicken Powder Market Forecast and Analysis
7. Asia Pacific Chicken Powder Market Analysis – Type
7.1 Low-Fat
7.1.1 Overview
7.1.2 Low-Fat: Asia Pacific Chicken Powder Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Conventional
7.2.1 Overview
7.2.2 Conventional: Asia Pacific Chicken Powder Market Revenue and Forecast to 2030 (US$ Thousand)
8. Asia Pacific Chicken Powder Market Analysis – Application
8.1 Food & Beverages
8.1.1 Overview
8.1.2 Food & Beverages: Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.1.2.1 RTE and RTC Meals
8.1.2.1.1 Overview
8.1.2.1.2 RTE and RTC Meals : Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.1.2.2 Soups, Sauces, and Dressings
8.1.2.2.1 Overview
8.1.2.2.2 Soups, Sauces, and Dressings: Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.1.2.3 Savory Snacks
8.1.2.3.1 Overview
8.1.2.3.2 Savory Snacks : Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.1.2.4 Noodles and Pastas
8.1.2.4.1 Overview
8.1.2.4.2 Noodles and Pastas: Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.1.2.5 Others
8.1.2.5.1 Overview
8.1.2.5.2 Others: Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.2 Dietary Supplements
8.2.1 Overview
8.2.2 Dietary Supplements: Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.3 Pet Food
8.3.1 Overview
8.3.2 Pet Food: Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
8.4 Animal Feed
8.4.1 Overview
8.4.2 Animal Feed : Asia Pacific Chicken Powder Market Revenue, and Forecast to 2030 (US$ Thousand)
9. Asia Pacific Chicken Powder Market – Country Analysis
9.1 Asia Pacific Chicken Powder Market
9.1.1 Asia Pacific Chicken Powder Market Breakdown by Country
9.1.1.1 Asia Pacific Chicken Powder Market Breakdown by Country
9.1.1.2 China Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.1.2.1 China Chicken Powder Market Breakdown by Type
9.1.1.2.2 China Chicken Powder Market Breakdown by Application
9.1.1.3 Japan Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.1.3.1 Japan Chicken Powder Market Breakdown by Type
9.1.1.3.2 Japan Chicken Powder Market Breakdown by Application
9.1.1.4 India Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.1.4.1 India Chicken Powder Market Breakdown by Type
9.1.1.4.2 India Chicken Powder Market Breakdown by Application
9.1.1.5 Australia Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.1.5.1 Australia Chicken Powder Market Breakdown by Type
9.1.1.5.2 Australia Chicken Powder Market Breakdown by Application
9.1.1.6 South Korea Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.1.6.1 South Korea Chicken Powder Market Breakdown by Type
9.1.1.6.2 South Korea Chicken Powder Market Breakdown by Application
9.1.1.7 Rest of Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.1.7.1 Rest of Asia Pacific Chicken Powder Market Breakdown by Type
9.1.1.7.2 Rest of Asia Pacific Chicken Powder Market Breakdown by Application
10. Company Profiles
10.1 Symrise AG
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 The Scoular Co
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 BRF SA
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Henningsen Nederland BV
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Nikken Foods Co Ltd
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. Appendix
LIST OF TABLES
Table 1. Asia Pacific Chicken Powder Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain
Table 3. Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Table 4. Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 5. Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 6. China Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 7. China Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 8. Japan Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 9. Japan Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 10. India Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 11. India Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 12. Australia Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 13. Australia Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 14. South Korea Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 15. South Korea Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 16. Rest of Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 17. Rest of Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
LIST OF FIGURES
Figure 1. Asia Pacific Chicken Powder Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis: Asia Pacific Chicken Powder Market
Figure 3. Ecosystem: Asia Pacific Chicken Powder Market
Figure 4. Asia Pacific Chicken Powder Market – Key Industry Dynamics
Figure 5. Asia Pacific Chicken Powder Market Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Chicken Powder Market Revenue (US$ Thousand), 2020 – 2030
Figure 7. Asia Pacific Chicken Powder Market Share (%) – Type, 2022 and 2030
Figure 8. Low-Fat: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 9. Conventional: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 10. Asia Pacific Chicken Powder Market Share (%) -Application, 2022 and 2030
Figure 11. Food & Beverages: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 12. RTE and RTC Meals: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 13. Soups, Sauces, and Dressings: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 14. Savory Snacks: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 15. Noodles and Pastas: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 16. Others: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 17. Dietary Supplements: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 18. Pet Food: Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 19. Animal Feed : Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 20. Asia Pacific Chicken Powder Market Revenue, By Key Countries, (2022)(US$ Thousand)
Figure 21. Asia Pacific Chicken Powder Market Breakdown By Key Countries, 2022 and 2030 (%)
Figure 22. China Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 23. Japan Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 24. India Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 25. Australia Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 26. South Korea Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 27. Rest of Asia Pacific Chicken Powder Market Revenue and Forecasts To 2030 (US$ Thousand)
The List of Companies – Asia Pacific Chicken Powder Market
1. BRF SA
2. Fuji Foods Inc
3. Nikken Foods Co Ltd
4. Symrise AG
5. The Scoular Co
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