South & Central America Chicken Extract Market Forecast to 2030

South & Central America Chicken Extract Market Forecast to 2030

South & Central 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)

Send Enquiry
Item ID: BMIRE00030030 Category: Tag:

$2,485 – $3,885

Description

The South & Central America chicken extract market was valued at US$ 196.92 million in 2022 and is expected to reach US$ 278.60 million by 2030; it is estimated to record a CAGR of 4.4% from 2022 to 2030.

Consumer Inclination Toward Nutritional Food Fuels South & Central 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. 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 South & Central America chicken extract market positively.

South & Central America Chicken Extract Market Overview

The demand for chicken extracts is surging in South & Central America due to several drivers. First, the growing awareness of sustainability and ethical sourcing in food production influences consumer choices. As more people seek responsibly sourced and environmentally friendly products, chicken extracts from humanely raised chickens and sustainable farming practices are gaining traction. Consumers are increasingly inclined to choose products that align with their values, contributing to the demand for ethically sourced chicken extracts.

Second, the rise of health consciousness drives the demand for chicken extracts in South & Central America. Consumers are becoming more concerned about the nutritional content of their foods. When produced with low-sodium and low-fat options, chicken extracts appeal to many individuals looking to reduce sodium intake and maintain a balanced diet. This health-oriented perspective has led to an increased preference for chicken extracts as a flavor enhancer that can be incorporated into healthier meal choices.

The influence of traditional and regional cuisine also plays a significant role in driving the demand for chicken extracts. South & Central America is known for diverse culinary traditions; chicken is a crucial ingredient in many dishes. Chicken extracts are favored for intensifying the flavors in traditional recipes such as mole sauces, empanadas, and stews. As people continue to appreciate and celebrate their rich culinary heritage, the demand for chicken extracts remains robust, serving as an essential ingredient in preserving and enhancing the authenticity of these cherished dishes.

South & Central America Chicken Extract Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Chicken Extract Market Segmentation

The South & Central America chicken extract market is segmented based on product type, category, distribution channel, and country.

Based on product type, the South & Central 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 South & Central America chicken extract market is bifurcated into organic and conventional. The conventional segment held a larger share in 2022.

By distribution channel, the South & Central 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 South & Central America chicken extract market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America chicken extract market in 2022.

Campbell Soup Co, The Kraft Heinz Co, Unilever Plc, and Hormel Foods Corp are some of the leading companies operating in the South & Central America chicken extract market.

Summary Info

Industry:

Pricing options:

, ,

Geographical coverage:

,

Year of Publication:

At 4.4% CAGR, South & Central America Chicken Extract Market is Speculated to be Worth US$ 278.60 Million by 2030, Says the Research Team

According to the Research Team’ research, the South & Central America chicken extract market was valued at US$ 196.92 million in 2022 and is expected to reach US$ 278.60 million by 2030, registering a CAGR of 4.4% 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 South & Central America 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. The strategic initiatives by key market players boost the South & Central America chicken extract market growth.

On the contrary, stringent regulatory compliance associated with meat processing hampers the growth of South & Central America chicken extract market.

Based on product type, the South & Central America chicken extract market is segmented into chicken powder, broth and stock, and chicken paste. The broth and stock segment held 88.6% share of the South & Central America chicken extract market in 2022, amassing US$ 174.54 million. It is projected to garner US$ 245.46 million by 2030 to expand at 4.4% CAGR during 2022-2030.

In terms of category, the South & Central America chicken extract market is bifurcated into organic and conventional. The conventional segment held 80.7% share of the South & Central America chicken extract market in 2022, amassing US$ 158.84 million. It is projected to garner US$ 221.80 million by 2030 to expand at 4.3% CAGR during 2022-2030.

By distribution channel, the South & Central America chicken extract market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held 38.3% share of South & Central America chicken extract market in 2022, amassing US$ 75.50 million. It is projected to garner US$ 104.20 million by 2030 to expand at 4.1% CAGR during 2022-2030.

Based on country, the South & Central America chicken extract market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 45.7% share of South & Central America chicken extract market in 2022, amassing US$ 89.99 million. It is projected to garner US$ 123.50 million by 2030 to expand at 4.0% CAGR during 2022-2030.

Key players operating in the South & Central America chicken extract market are Campbell Soup Co, The Kraft Heinz Co, 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 South & Central America 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 South & Central 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 South & Central 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. 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. South & Central 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
5. South & Central 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 – South & Central America Market Analysis
6.1 South & Central America Chicken Extract Market Revenue (US$ Million), 2020 – 2030
6.2 South & Central America Chicken Extract Market Forecast and Analysis
7. South & Central 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. South & Central 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. South & Central 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. South & Central America Chicken Extract Market – Country Analysis
10.1 South & Central America Chicken Extract Market – Country Analysis
10.1.1 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 South & Central Chicken Extract Market Breakdown by Country
10.1.1.2 Brazil Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 Brazil Chicken Extract Market Breakdown by Product Type
10.1.1.2.2 Brazil Chicken Extract Market Breakdown by Category
10.1.1.2.3 Brazil Chicken Extract Market Breakdown by Distribution Channel
10.1.1.3 Argentina Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Argentina Chicken Extract Market Breakdown by Product Type
10.1.1.3.2 Argentina Chicken Extract Market Breakdown by Category
10.1.1.3.3 Argentina Chicken Extract Market Breakdown by Distribution Channel
10.1.1.4 Rest of South & Central America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 Rest of South & Central America Chicken Extract Market Breakdown by Product Type
10.1.1.4.2 Rest of South & Central America Chicken Extract Market Breakdown by Category
10.1.1.4.3 Rest of South & Central America 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 Unilever Plc
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 Hormel Foods Corp
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
12. Appendix

LIST OF TABLES

Table 1. South & Central America Chicken Extract Market Segmentation
Table 2. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 4. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 5. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 6. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 7. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 8. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 9. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 10. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 11. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 12. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 13. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 14. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel

LIST OF FIGURES

Figure 1. South & Central America Chicken Extract Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: South & Central America Chicken Extract Market
Figure 4. South & Central America Chicken Extract Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Chicken Extract Market Revenue (US$ Million), 2020 – 2030
Figure 7. South & Central 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. South & Central 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. South & Central 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. South & Central America Chicken Extract Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. South & Central Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)

The List of Companies – South & Central America Chicken Extract Market

1. Campbell Soup Co
2. The Kraft Heinz Co
3. Unilever Plc
4. Hormel Foods Corp

Reviews

There are no reviews yet.

Be the first to review “South & Central America Chicken Extract Market Forecast to 2030”