North America Chicken Extract Market Forecast to 2030
North America 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)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
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Description
Consumer Inclination Toward Nutritional Food Drives North America Chicken Extract Market
The awareness regarding health and nutrition has increased significantly, owing to which there has been a rapid shift in consumer food preferences. According to the Nielsen Global Health and Wellness Report, 2020, half of the respondents were overweight, while half were trying to lose weight. People seek fresh products that are natural, organic, and minimally processed. Moreover, youngsters are most inclined toward purchasing premium goods with health claims as they increasingly adopt healthier food habits. Broth made from chicken meat has also gained tremendous popularity owing to its nutritional value and various health benefits. The demand for different broth types is increasing as they help improve immunity, hydration, and muscle protein synthesis; support joint and bone health; and antiaging properties. The inclusion of macronutrients and micronutrients in a good proportion with a high concentration of proteins drives the popularity of bone broth among consumers as an alternative to other protein sources.
Glutamine and a few more amino acids present in bone broth may also aid in effective digestion. This may help with conditions such as leaky gut, which is characterized by the irritation of the mucosal lining in the intestines and interference with the body’s ability to digest food. According to a new randomized trial, the ingredients extracted from chicken meat can boost cognitive function. Researchers from the University of Putra Malaysia and Cerebos Pacific Limited noted that prolonged consumption of aqueous extract chicken improves cognitive performance, especially related to learning and memory. The rising awareness among consumers regarding the cognitive benefits of chicken extract consumption has propelled its demand. Thus, rising consumer inclination toward nutritious food is expected to contribute to the growth of the North America chicken extract market positively.
North America Chicken Extract Market Overview
The North American chicken extract market growth is attributed to the changing consumer preferences toward healthier and more natural food products. Chicken extracts are perceived as a source of clean and protein-rich ingredients, aligning with the growing trend of health-conscious eating. With an increasing emphasis on protein-based diets, these extracts have gained popularity as an easy and versatile way to incorporate protein into various dishes.
Furthermore, the rising popularity of convenience foods has contributed to the growth of the chicken extract market. Consumers are seeking easy-to-use, time-saving ingredients to enhance the flavor of their meals. Chicken extracts, available in liquid or powdered forms, offer a convenient solution for enhancing the taste of soups, sauces, gravies, and various other dishes, making them a favored choice for busy households.
Moreover, the COVID-19 pandemic played a significant role in boosting the chicken extract market in North America. With lockdowns and restrictions limiting dining out, more people turned to cooking at home. Chicken extracts, being a versatile ingredient, became a staple in many home kitchens, as they could elevate the taste of homemade meals. This surge in home cooking further fueled the demand for chicken extracts and related products.
North America Chicken Extract Market Revenue and Forecast to 2030 (US$ Million)
North America Chicken Extract Market Segmentation
The North America chicken extract market is segmented based on product type, category, distribution channel, and country.
Based on product type, the North America 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 North America chicken extract market is bifurcated into organic and conventional. The conventional segment held a larger share in 2022.
By distribution channel, the North America 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 North America chicken extract market is categorized into the US, Canada, and Mexico. The US dominated the North America chicken extract market in 2022.
Campbell Soup Co, The Kraft Heinz Co, Lee Kum Kee Co Ltd, Nutra Organics Pty Ltd, Unilever Plc, Hormel Foods Corp, and Kettle & Fire lnc are some of the leading companies operating in the North America chicken extract market.
Summary Info
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According to the Research Team’ research, the North America chicken extract market was valued at US$ 1,053.96 million in 2022 and is expected to reach US$ 1,340.21 million by 2030, registering a CAGR of 3.0% from 2022 to 2030. Rising demand for chicken extract as flavor enhancer in home cooking and strategic initiatives are among the critical factors attributed to the North America chicken extract market expansion.
Chicken extracts are commonly used in soups, sauces, and various culinary applications to enhance the overall flavor of dishes. Chicken extracts are rich in umami, enhancing the dishes’ overall flavor. The rising demand for chicken extract as a flavor enhancer can be attributed to the ability to add savory and umami flavors to a wide range of dishes. In addition, the growing interest of consumers in exploring cuisines drives market growth.
Consumers use chicken extract to recreate traditional recipes and reduce cooking time while keeping the flavors intact. The chicken extract is used to prepare sauces and gravies as it enhances their flavor. The chicken extract is incorporated into marinades for chicken to infuse them with delicious chicken flavor before cooking. In addition, it is used as seasoning in dry rubs or spice blends for various meats, adding a savory note to grilled or roasted dishes. Thus, the rising demand for chicken extract as a flavor enhancer drives the chicken extract market.
On the contrary, stringent regulatory compliance associated with meat processing hampers the growth of North America chicken extract market.
Based on product type, the North America chicken extract market is segmented into chicken powder, broth and stock, and chicken paste. The broth and stock segment held 81.7% share of the North America chicken extract market in 2022, amassing US$ 860.97 million. It is projected to garner US$ 1,083.75 million by 2030 to expand at 2.9% CAGR during 2022-2030.
In terms of category, the North America chicken extract market is bifurcated into organic and conventional. The conventional segment held 69.1% share of the North America chicken extract market in 2022, amassing US$ 728.33 million. It is projected to garner US$ 915.03 million by 2030 to expand at 2.9% CAGR during 2022-2030.
By distribution channel, the North America chicken extract market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held 50.6% share of North America chicken extract market in 2022, amassing US$ 533.24 million. It is projected to garner US$ 660.32 million by 2030 to expand at 2.7% CAGR during 2022-2030.
Based on country, the North America chicken extract market is categorized into the US, Canada, and Mexico. The US held 71.0% share of North America chicken extract market in 2022, amassing US$ 748.52 million. It is projected to garner US$ 938.15 million by 2030 to expand at 2.9% CAGR during 2022-2030.
Key players operating in the North America chicken extract market are Campbell Soup Co, The Kraft Heinz Co, Lee Kum Kee Co Ltd, Nutra Organics Pty Ltd, Unilever Plc, Hormel Foods Corp, and Kettle & Fire lnc, 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 North America 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 North America 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
1.1 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. North America 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. North America 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 – North America Market Analysis
6.1 North America Chicken Extract Market Revenue (US$ Million), 2020 – 2030
6.2 North America Chicken Extract Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North American Chicken Extract Market – Country Analysis
10.1 North American Chicken Extract Market – Country Analysis
10.1.1 North America Chicken Extract Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 North America Chicken Extract Market Breakdown by Country
10.1.1.2 US Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 US Chicken Extract Market Breakdown by Product Type
10.1.1.2.2 US Chicken Extract Market Breakdown by Category
10.1.1.2.3 US Chicken Extract Market Breakdown by Distribution Channel
10.1.1.3 Canada Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Canada Chicken Extract Market Breakdown by Product Type
10.1.1.3.2 Canada Chicken Extract Market Breakdown by Category
10.1.1.3.3 Canada Chicken Extract Market Breakdown by Distribution Channel
10.1.1.4 Mexico Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 Mexico Chicken Extract Market Breakdown by Product Type
10.1.1.4.2 Mexico Chicken Extract Market Breakdown by Category
10.1.1.4.3 Mexico 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 Nutra Organics Pty Ltd
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 Unilever Plc
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 Hormel Foods Corp
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 Kettle & Fire Inc
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. North America Chicken Extract Market Segmentation
Table 2. List of Vendors in Value Chain:
Table 3. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 6. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 7. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 8. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 9. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 10. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 11. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 12. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 13. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 14. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 15. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
LIST OF FIGURES
Figure 1. North America Chicken Extract Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: North America Chicken Extract Market
Figure 4. North America Chicken Extract Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Chicken Extract Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America 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. North America 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. North America 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. North America Chicken Extract Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. North America Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
The List of Companies – North America Chicken Extract Market
1. Campbell Soup Co
2. The Kraft Heinz Co
3. Lee Kum Kee Co Ltd
4. Nutra Organics Pty Ltd
5. Unilever Plc
6. Hormel Foods Corp
7. Kettle & Fire lnc
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