Packaged Chicken Market Size Was Valued at USD 11,500.00 Million in 2022, and is Projected to Reach USD 29,297.35 Million by 2030, Growing at a CAGR of 12.40 % From 2023-2030.
Market Overview:
The packaged chicken market is a vital segment within the global food industry, encompassing a wide range of chicken products that are processed, packaged, and distributed for retail consumption. Packaged chicken products include fresh, frozen, marinated, breaded, and precooked chicken cuts, as well as ready-to-eat meals and convenience items. This market serves consumers, retailers, and foodservice providers, offering convenience, variety, and safety assurance in chicken consumption. With the increasing demand for convenient and protein-rich food options, coupled with changing consumer lifestyles and dietary preferences, the packaged chicken market is experiencing steady growth worldwide.
Major Key Players:
Bell & Evans Organic (US), ConAgra Foods (US),Tyson Foods(US),Pilgrim's Pride (US),Venkys (India),Koch Foods (US),Ingham's Group Limited (Australia),Perdue (US),Delightful Gourmet Pvt. Ltd. (India),Foster Farms (US),Springer Mountain Farms (US), and Other Major Players
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Market Drivers and Opportunities:
The Packaged Chicken Market is witnessing increasing demand for packaged chicken food due to several health advantages associated with chicken consumption, such as being a good source of niacin, phosphorus, and protein. The accessibility and awareness of ready-to-eat food products have further boosted the demand for packaged chicken. Processing procedures are applied to packaged chicken to enhance its healthiness and extend its shelf life, making it popular among households, eateries, and other establishments. Rapid urbanization and the preference for ready-to-cook chicken products like thighs, wings, and other varieties are driving the expansion of the global packaged chicken market. The convenience of obtaining and cooking packaged chicken products, especially among busy young professionals, has led to increased popularity and consumption.
The rise in the number of packaged chicken product manufacturers presents an opportunity for market growth. Increased availability of diverse fresh, frozen, and processed chicken products due to the growing number of manufacturers appeals to consumers. Moreover, more players in the market encourage innovation, product development, and competitive pricing, benefiting consumers with a broader range of options. Additionally, the entry of new manufacturers may lead to the adoption of new distribution channels, making packaged chicken products more readily available through various retail platforms.
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Packaged Chicken Market Segmentation:
By Type
· Fresh
· Frozen
By Application
· Restaurant
· Household
· Others
By Distribution Channels
· Convenience Store
· Hypermarket and Supermarket
· Specialty Store
· Online Store
· Others
Among the various types of packaged chicken, the Frozen segment is anticipated to dominate the market over the forecast period. Frozen meat preservation methods, involving lower temperatures, reduce post-mortem enzyme activity and prevent microbe growth, extending the shelf life of the meat. The popularity of frozen packaged chicken is attributed to its ease of use, time-saving qualities, and year-round availability, even for seasonal foods. The convenience of frozen meat products appeals to consumers, especially young professionals with fast-paced lifestyles. Increased economic growth and the booming mining industry have led to higher disposable incomes, contributing to the rise in demand for frozen packed chicken.
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By region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Scope of the Report:
The latest research on the Packaged Chicken Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Packaged Chicken industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Packaged Chicken Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Key Industry Developments in the Packaged Chicken Market:
In April 2023, Crescent Foods expanded its frozen line for retail, club, and e-commerce. From kababs to casseroles, consumers looking for flexibility with last-minute meals have a new option in the frozen section Crescent Foods Individually Frozen Halal Hand-Cut Boneless Skinless Chicken Thighs. The packaging has been designed to catch shoppers' attention with bright colors; yellow for the chicken thighs and blue for the chicken breasts.
In August 2022, Real Good Foods launched high-protein, low-carb chicken nuggets, and strips. Real Good Foods was expanding into the largest frozen food category, frozen meat and poultry, with a nutritious twist on one of U.S. consumers' favorite foods. Real Good Foods' Breaded Chicken is made from nutritious ingredients and is 100% grain-free and gluten-free, with only 3g-4g net carbs and packed with 23g protein per serving.
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