Market Size 2023 (Base Year) | USD 3.14 Billion |
Market Size 2032 (Forecast Year) | USD 4.46 Billion |
CAGR | 4% |
Forecast Period | 2024 - 2032 |
Historical Period | 2018 - 2023 |
According to Market Research Store, the global chicken extract market size was valued at around USD 3.14 billion in 2023 and is estimated to reach USD 4.46 billion by 2032, to register a CAGR of approximately 4.00% in terms of revenue during the forecast period 2024-2032.
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The chicken extract report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.
Global Chicken Extract Market: Overview
The Chicken Extract Market is centered around the production and utilization of concentrated chicken derivatives, often used as flavor enhancers and nutritional supplements in the food, beverage, and pharmaceutical industries.
Chicken extract is typically obtained from boiling chicken and extracting its essence, which contains high levels of protein, essential amino acids, and nutrients. It is widely used in soups, sauces, ready-to-eat meals, and dietary supplements due to its rich flavor and health benefits.
The market is driven by the rising consumer demand for natural, clean-label ingredients that enhance taste without the need for artificial additives.
As consumers become more health-conscious and look for high-protein, low-fat food options, chicken extract has gained popularity as a healthy and flavorful ingredient. The increasing trend of ready-to-eat meals and convenience foods is further fueling demand for chicken extract as it is widely used to boost flavor in these products.
Additionally, chicken extract is gaining traction in the pharmaceutical and nutraceutical sectors due to its rich nutritional profile and potential health benefits, such as boosting immunity and providing essential nutrients.
Key Highlights
Chicken Extract Market: Dynamics
Key Growth Drivers
Restraints
Opportunities
Challenges
Chicken Extract Market: Segmentation Insights
The global chicken extract market is divided by product, application, and region.
Segmentation Insights by Product
Based on Product, the global chicken extract market is divided into powder, soup, oil, and others.
The powder form is the dominant segment in the Chicken Extract Market, driven by its widespread use as a flavor enhancer in processed foods, soups, and ready-made meals. Chicken extract in powdered form is widely used as a flavor enhancer in various food products, including snacks, sauces, soups, and ready-made meals. The powdered format offers a longer shelf life and easy incorporation into different culinary and food processing applications.
The soup segment holds a significant share of the market, especially in the ready-to-eat and packaged food industry. Chicken extract is also available in soup form, often used as a base for broths, soups, and sauces. It is widely used in both home cooking and commercial food service industries for its rich flavor.
Although it has a smaller share compared to powder and soup, the oil segment is gaining attention for its potent flavoring ability in gourmet and processed food products. Chicken extract oil is a concentrated liquid used primarily in the food processing industry for flavoring and enhancing the richness of dishes. It is used in sauces, marinades, and other culinary preparations.
Segmentation Insights by Application
On the basis of Application, the global chicken extract market is bifurcated into food processing, household, catering service industry, and others.
The food processing application is the dominant segment, driven by the increasing demand for chicken extract in processed foods, snacks, and ready-made meals. Chicken extract is widely used in the food processing industry as a flavor enhancer in processed foods, snacks, soups, sauces, and ready-made meals.
Chicken extract is commonly used in households for cooking and enhancing the flavor of dishes, such as soups, sauces, and stews. It is available in various forms like powder and soup. While this segment holds a smaller share compared to commercial applications, it is significant in regions where home cooking with natural flavor enhancers is prevalent.
The catering service industry extensively uses chicken extract as a base in sauces, broths, and other dishes, especially in large-scale food preparation for events and institutions. This segment holds a substantial market share due to the large volume of chicken extract used in commercial kitchens.
Report Attributes | Report Details |
---|---|
Report Name | Chicken Extract Market |
Market Size in 2023 | USD 3.14 Billion |
USD 4.46 Billion | |
Growth Rate | CAGR of 4.00% |
Number of Pages | 222 |
Key Companies Covered | Bernard Food Industries, Campbell Soup Company, Carnad, Eliteflavor, Heinz, Huahai Biologica, McCormick, Nestle, POLOLIFE, Proliant Biologicals, Tiantiao Biotechnology, Unilever, Xi'an Qiancao Biotechnology, and others. |
Segments Covered | By Product, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Chicken Extract Market: Regional Insights
• North America currently leads the global chicken extract market
North America holds a significant market share in the chicken extract market, with the U.S. leading in terms of both production and consumption. The increasing demand for clean-label, natural ingredients in processed foods and beverages drives the growth in this region. Additionally, the trend of protein-rich diets in the U.S. further boosts the demand for chicken extract in nutritional supplements.
Europe is another major market for chicken extract due to its extensive use in food and beverage products. Countries like Germany, France, and the UK are major contributors to the market, where the focus on organic and natural ingredients is strong. The rise of culinary products, such as broths, stocks, and seasonings made from natural extracts, also supports market growth in the region.
Asia-Pacific is expected to exhibit the fastest growth in the chicken extract market. In countries like China, Japan, and South Korea, chicken extract is widely used in traditional soups and sauces, contributing to its demand. The growing food processing industry, coupled with the rising population and increasing disposable incomes in the region, further accelerates market growth.
These regions are witnessing moderate growth in the chicken extract market, primarily driven by the increasing popularity of convenience foods and improving economic conditions. In Latin America, countries such as Brazil and Mexico are expected to see steady growth due to a rise in urbanization and changing consumer preferences.
Chicken Extract Market: Competitive Landscape
The report provides an in-depth analysis of companies operating in the chicken extract market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.
Some of the major players in the global chicken extract market include:
The global chicken extract market is segmented as follows:
By Product
By Application
By Region
Based on statistics from the Market Research Store, the global chicken extract market size was projected at approximately US$ 3.14 billion in 2023. Projections indicate that the market is expected to reach around US$ 4.46 billion in revenue by 2032.
The global chicken extract market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 4.00% during the forecast period from 2024 to 2032.
North America is expected to dominate the global chicken extract market.
Consumers are increasingly seeking natural and health-promoting food ingredients.
Some of the prominent players operating in the global chicken extract market are; Bernard Food Industries, Campbell Soup Company, Carnad, Eliteflavor, Heinz, Huahai Biologica, McCormick, Nestle, POLOLIFE, Proliant Biologicals, Tiantiao Biotechnology, Unilever, Xi'an Qiancao Biotechnology, and others.
The global chicken extract market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.
Chicken Extract
Chicken Extract
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