Europe Chicken Extract Market Forecast to 2030

Europe Chicken Extract Market Forecast to 2030

Europe Chicken Extract Market Forecast to 2030 – Regional Analysis – by Product Type (Chicken Powder, Broth and Stock, and Chicken Paste), Category (Organic and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

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Description

The Europe chicken extract market was valued at US$ 668.26 million in 2022 and is expected to reach US$ 895.52 million by 2030; it is estimated to record a CAGR of 3.7% from 2022 to 2030.

Proliferation of E-Commerce Industry Fuels Europe Chicken Extract Market

In recent years, the organized retail sector has undergone a massive transformation. The acceptance of e-commerce has increased considerably due to its ability to transform customers’ shopping experience. Further, easy access to emerging technologies, increasing purchasing power of people, rising penetration of the internet and smartphones, and the convenience of shopping from anywhere at any time via online retail platforms are among the key factors propelling the growth of e-commerce. As per the European Commission, in 2021, 74% of internet users in the European Union shopped online. Thus, with the rising penetration of e-commerce platforms in several regions, the sale of various food and beverages, such as chicken extract, is increasing through these platforms.

People prefer online retail platforms to buy these products owing to the availability of various brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. Moreover, chicken extract manufacturers prefer e-commerce platforms to sell their products to large customers as it requires minimal investments. Chicken extract manufacturers are taking initiatives through collaboration and partnership to launch their products on online platforms. The proliferation of e-commerce platforms to provide products online is a lucrative opportunity to expand products for chicken extract manufacturers to increase their consumer base and geographical reach.

Europe Chicken Extract Market Overview

The market for chicken extracts is experiencing substantial growth in Europe for several interconnected reasons. To begin with, there is an increasing emphasis on culinary diversity and the exploration of global cuisines in Europe. As consumers become more adventurous in their culinary pursuits, they seek ingredients such as chicken extracts to add depth and flavor to dishes from various cuisines, whether a traditional European recipe or an international fusion dish.

The growing health and wellness awareness drives the demand for chicken extracts in Europe. Health-conscious consumers are turning to products that can enhance the taste of their meals without adding excessive calories, salt, or artificial additives. Chicken extracts offer a natural and low-fat way to boost flavor, aligning with the preferences of individuals striving for healthier eating habits.

The trend toward sustainability and ethical sourcing in food production is another significant factor behind the surge in the chicken extract market in Europe. Consumers are increasingly interested in knowing where their food comes from and how it is produced. Chicken extracts, especially those made from responsibly raised and sourced chickens, appeal to the eco-conscious consumer base, contributing to their rising popularity.

Lastly, the food service industry is pivotal in catalyzing the consumption of chicken extracts in Europe. Restaurants, cafes, and food manufacturers incorporate chicken extracts into their culinary creations to deliver consistent and delicious flavors. The food service sector’s adoption of chicken extracts has a ripple effect on the consumer market, as people are exposed to these flavors when dining out and seek to replicate them at home. Overall, these interconnected factors are driving the surge in the European chicken extract market.

Europe Chicken Extract Market Revenue and Forecast to 2030 (US$ Million)

Europe Chicken Extract Market Segmentation

The Europe chicken extract market is segmented based on product type, category, distribution channel, and country.

Based on product type, the Europe chicken extract market is segmented into chicken powder, broth and stock, and chicken paste. The broth and stock segment held the largest share in 2022.

In terms of category, the Europe chicken extract market is bifurcated into organic and conventional. The conventional segment held a larger share in 2022.

By distribution channel, the Europe chicken extract market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share in 2022.

Based on country, the Europe chicken extract market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany dominated the Europe chicken extract market in 2022.

Key players operating in the Europe chicken extract market are Campbell Soup Co, The Kraft Heinz Co, Lee Kum Kee Co Ltd, Huegli Cenovis GmbH, Princes Ltd, Unilever Plc, and Hormel Foods Corp, among others.

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At 3.7% CAGR, Europe Chicken Extract Market is Speculated to be Worth US$ 895.52 Million by 2030, Says the Research Team

According to the Research Team’ research, the Europe chicken extract market was valued at US$ 668.26 million in 2022 and is expected to reach US$ 895.52 million by 2030, registering a CAGR of 3.7% from 2022 to 2030. Strategic initiatives by key market players and rising demand for chicken extract as flavor enhancer in home cooking are among the critical factors attributed to the Europe chicken extract market expansion.

Chicken extract manufacturers are taking several strategic initiatives such as new product launches, production capacity scaleup, mergers and acquisitions, and collaborations to satisfy growing consumer demand and strengthen their foothold in the market. For instance, in March 2023, Z Natural Foods announced the launch of a new instant bone broth soup base powder. The launch was aimed to cater to the growing demand for protein-rich food products. In addition, the demand for organic products has surged owing to an increase in consumer interest in healthy food products. This has encouraged manufacturers to introduce healthy food products. For instance, in April 2023, Borough Broth Company, in partnership with Planet Organic, announced the launch of four products-Organic Chicken Bone Broth, Organic Chicken and Ginger Bone Broth, Organic Super Greens Soups, and Organic Butternut and Coconut Soup. The launch was aimed to cater to the increasing consumer demand for healthy and sustainable food. Thus, strategic initiatives by key market players boost the Europe chicken extract market growth.

On the contrary, stringent regulatory compliance associated with meat processing hampers the growth of Europe chicken extract market.

Based on product type, the Europe chicken extract market is segmented into chicken powder, broth and stock, and chicken paste. The broth and stock segment held 77.4% share of the Europe chicken extract market in 2022, amassing US$ 517.12 million. It is projected to garner US$ 686.93 million by 2030 to expand at 3.6% CAGR during 2022-2030.

In terms of category, the Europe chicken extract market is bifurcated into organic and conventional. The conventional segment held 67.7% share of the Europe chicken extract market in 2022, amassing US$ 452.19 million. It is projected to garner US$ 596.38 million by 2030 to expand at 3.5% CAGR during 2022-2030.

By distribution channel, the Europe chicken extract market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held 45.7% share of Europe chicken extract market in 2022, amassing US$ 305.39 million. It is projected to garner US$ 397.71 million by 2030 to expand at 3.4% CAGR during 2022-2030.

Based on country, the Europe chicken extract market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany held 22.4% share of Europe chicken extract market in 2022, amassing US$ 149.76 million. It is projected to garner US$ 196.03 million by 2030 to expand at 3.4% CAGR during 2022-2030.

Key players operating in the Europe chicken extract market are Campbell Soup Co, The Kraft Heinz Co, Lee Kum Kee Co Ltd, Huegli Cenovis GmbH, Princes Ltd, Unilever Plc, and Hormel Foods Corp, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe chicken extract market.
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 Europe chicken extract 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 Europe market trends and outlook coupled with the factors driving the 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
3.4 Limitations and Assumptions
4. Europe Chicken Extract Market Landscape
4.1 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
4.2.1 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Packaging:
4.3.4 Distribution Channel
4.4 List of Vendors
5. Europe Chicken Extract Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Chicken Extract as Flavor Enhancer in Home Cooking
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 Stringent Regulatory Compliance Associated with Meat Processing
5.3 Market Opportunities
5.3.1 Proliferation of E-Commerce Industry
5.4 Future Trends
5.4.1 Consumer Inclination Toward Nutritional Food
5.5 Impact of Drivers and Restraints:
6. Chicken Extract Market – Europe Market Analysis
6.1 Europe Chicken Extract Market Revenue (US$ Million), 2020 – 2030
6.2 Europe Chicken Extract Market Forecast and Analysis
7. Europe Chicken Extract Market Analysis – Product Type
7.1 Chicken Paste
7.1.1 Overview
7.1.2 Chicken Paste Market Revenue and Forecast to 2030 (US$ Million)
7.2 Broth and Stock
7.2.1 Overview
7.2.2 Broth and Stock Market Revenue and Forecast to 2030 (US$ Million)
7.3 Chicken Powder
7.3.1 Overview
7.3.2 Chicken Powder Market Revenue and Forecast to 2030 (US$ Million)
8. Europe Chicken Extract Market Analysis – Category
8.1 Organic
8.1.1 Overview
8.1.2 Organic Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional Market Revenue, and Forecast to 2030 (US$ Million)
9. Europe Chicken Extract Market Analysis – Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Convenience Stores
9.2.1 Overview
9.2.2 Convenience Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Europe Chicken Extract Market – Country Analysis
10.1 Europe Chicken Extract Market – Country Analysis
10.1.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Europe Chicken Extract Market Breakdown by Country
10.1.1.2 Germany Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 Germany Chicken Extract Market Breakdown by Product Type
10.1.1.2.2 Germany Chicken Extract Market Breakdown by Category
10.1.1.2.3 Germany Chicken Extract Market Breakdown by Distribution Channel
10.1.1.3 UK Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 UK Chicken Extract Market Breakdown by Product Type
10.1.1.3.2 UK Chicken Extract Market Breakdown by Category
10.1.1.3.3 UK Chicken Extract Market Breakdown by Distribution Channel
10.1.1.4 France Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 France Chicken Extract Market Breakdown by Product Type
10.1.1.4.2 France Chicken Extract Market Breakdown by Category
10.1.1.4.3 France Chicken Extract Market Breakdown by Distribution Channel
10.1.1.5 Italy Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.5.1 Italy Chicken Extract Market Breakdown by Product Type
10.1.1.5.2 Italy Chicken Extract Market Breakdown by Category
10.1.1.5.3 Italy Chicken Extract Market Breakdown by Distribution Channel
10.1.1.6 Russia Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.6.1 Russia Chicken Extract Market Breakdown by Product Type
10.1.1.6.2 Russia Chicken Extract Market Breakdown by Category
10.1.1.6.3 Russia Chicken Extract Market Breakdown by Distribution Channel
10.1.1.7 Rest of Europe Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.7.1 Rest of Europe Chicken Extract Market Breakdown by Product Type
10.1.1.7.2 Rest of Europe Chicken Extract Market Breakdown by Category
10.1.1.7.3 Rest of Europe Chicken Extract Market Breakdown by Distribution Channel
11. Company Profiles
11.1 Campbell Soup Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Kraft Heinz Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Lee Kum Kee Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Huegli Cenovis GmbH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Princes Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Unilever Plc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Hormel Foods Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix

LIST OF TABLES

Table 1. Europe Chicken Extract Market Segmentation
Table 2. List of Vendors in Value Chain:
Table 3. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 6. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 7. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 8. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 9. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 10. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 11. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 12. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 13. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 14. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 15. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 16. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 17. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 18. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 19. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 20. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 21. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 22. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 23. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 24. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel

LIST OF FIGURES

Figure 1. Europe Chicken Extract Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Europe Chicken Extract Market
Figure 4. Europe Chicken Extract Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Europe Chicken Extract Market Revenue (US$ Million), 2020 – 2030
Figure 7. Europe Chicken Extract Market Share (%) – Product Type, 2022 and 2030
Figure 8. Chicken Paste Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Broth and Stock Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Chicken Powder Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Europe Chicken Extract Market Share (%) -Category, 2022 and 2030
Figure 12. Organic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Conventional Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Europe Chicken Extract Market Share (%) -Distribution Channel, 2022 and 2030
Figure 15. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Convenience Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Europe Chicken Extract Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Europe Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)

The List of Companies – Europe Chicken Extract Market

1. Campbell Soup Co
2. The Kraft Heinz Co
3. Lee Kum Kee Co Ltd
4. Huegli Cenovis GmbH
5. Princes Ltd
6. Unilever Plc
7. Hormel Foods Corp

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