Chicken Flavor Market 2023: Share, Size, Growth (US$ 870.1 Million), Demand & Forecast by 2028

The latest research study "Chicken Flavor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global chicken flavor market size reached US$ 680.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 870.1 Million by 2028, exhibiting a growth rate (CAGR) of 3.98% during 2023-2028.

Chicken flavor refers to a form of yeast extract flavoring agent that provides the taste of chicken to dishes. It is available in liquid, powdered, organic, and conventional forms, which are manufactured utilizing real chicken broth. Chicken flavor products have a low sodium content and are commonly added to sauces, gravies, frozen meals, soups, stews, etc., to intensify and improve their aroma and odor. They even offer a unique flavor and imitate the taste and texture of meat. As a result, chicken flavor formulations are in widespread demand among consumers across the globe.

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Chicken Flavor Market Trends and Drivers:

The growing food and beverage (F&B) industry and the rising demand for meat-flavored food products across countries are primarily driving the chicken flavor market. In addition to this, the shifting preferences toward the product for shortcut cooking, especially among individuals preoccupied with education and employment, are acting as significant growth-inducing factors. Apart from this, the launch of chicken-flavored protein powders and supplements and the escalating focus of leading market players on developing natural flavoring agents that are minimally processed, do not contain any synthetic components, and aid in eliminating the harmful effects of chemical additives on the body are further augmenting the market growth. Moreover, the expanding adoption of sustainable technology for manufacturing liquid-based chicken-flavored products and the increasing inclination for clean-label food products are also positively influencing the global market. Besides this, the elevating product availability in multiple online retail channels, hypermarkets, and supermarkets is expected to fuel the chicken flavor market over the forecasted period.

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Chicken Flavor Market Report Segmentation 2023-2028:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Givaudan
• Hormel Foods Corporation
• Kent Precision Foods Group Inc. (Kent Corporation)
• Kerry Group plc
• Koninklijke DSM N.V.
• Nestle S.A.
• The J.M. Smucker Company
• The Kraft Heinz Company
• Trailtopia LLC and Unilever plc.
• ACH Food Companies Inc. (Associated British Foods plc)

The report has been segmented the market into following categories:

Breakup by Form:
• Liquid
• Powder

Breakup by Nature:
• Organic
• Conventional

Breakup by Packaging:
• Bag
• Bottle
• Box
• Jar
• Can
• Sachets and Pouches
• Others

Breakup by Application:
• Soups and Sauces
• Food and Beverages
• Animal Feed
• Bakery Products
• Confectionery Products
• Others

Breakup by End User:

• Business-to-Business (B2B)
• Business-to-Consumer (B2C)

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By Geography:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.