Product Code: TIPRE00011902
The chicken extract market is expected to grow from US$ 3.01 billion in 2022 to US$ 4.09 billion by 2030; it is expected to record a CAGR of 3.9% from 2022 to 2030.
Chicken extracts are products which are used to add savory essence of chicken or chicken flavor to various recipes. The key ingredients of these products are chicken meat, bone, skin, and chicken fat either in fresh or dried form. Market size indicates retail sales of chicken powder, chicken-based broth and stocks, and chicken paste. Chicken extract serves as a versatile culinary ingredient and is primarily used to add savory and umami flavors to various dishes including soups, sauces, gravies, and others. Chicken extracts ate available in various types including powder, broth & stock, and paste. Increasing demand for flavor enhancer in home cooking coupled with rising trend of international flavor has contributed towards the growth of market.
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.
To cite another instance, in August 2022, Del Monte Foods announced the purchase of Kitchen Basics, a line of ready-to-use stocks and broths, from McCormick & Co. This purchase was aimed at expanding its product portfolio and its geographical reach. Thus, strategic initiatives by key market players boost the global chicken extract market growth.
Based on product type, the chicken extract market is segmented into chicken paste, broth and stock, and chicken powder. Chicken paste is highly concentrated and is a flavorful mixture made from chicken meat. It is processed into smooth and paste-like consistency. The demand for chicken paste is expected to grow considerably in the coming years as it adds a savory taste to various dishes. In addition, chicken paste helps to minimize cooking time as the flavors are concentrated. Further, these products have a longer shelf life than fresh or canned chicken, making it convenient to store and use for longer. These factors boost the demand for chicken paste, thereby driving the market growth for the segment.
By geography, the chicken extract market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, North America held the largest market share during the forecast period. However, Asia Pacific is a fastest growth region. In Asia Pacific, the market for chicken extracts is witnessing significant growth due to the cultural significance of poultry-based dishes across many Asian cuisines. Chicken is a staple protein source in various Asian culinary traditions, and chicken extracts are added to a wide range of Asian dishes to impart rich and authentic flavors.
Moreover, the rising disposable income and urbanization in many Asia Pacific countries have led to changes in consumer lifestyles. Urban dwellers often seek convenience in their cooking without compromising on taste. Chicken extracts offer an easy way to elevate the flavor of dishes, saving time in the kitchen and catering to the fast-paced urban lifestyle.
The increasing trend of snacking in Asia Pacific nations has also contributed to the surge in chicken extract sales. Chicken extracts are versatile ingredients used in snacks, such as soups, broths, etc., which are popular among consumers in the region. This versatility makes them valuable in developing new and exciting snack options, further driving their market growth.
The leading players in the chicken extract market are Campbell Soup Co, The Kraft Heinz Co, Ajinomoto Philippines Corp, Lee Kum Kee Co Ltd, Nutra Organics Pty Ltd, Huegli Cenovis GmbH, Princes Ltd, Unilever Plc, Hormel Foods LLC, and Kettle & Fire Inc. These players are developing various products to address consumers' growing demand.
The size of the chicken extract market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the chicken extract market.
Reasons to Buy:
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global chicken extract market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners 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. 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. 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 - Global Market Analysis
- 6.1 Chicken Extract Market Revenue (US$ Million), 2020 - 2030
- 6.2 Chicken Extract Market Forecast and Analysis
7. Global 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. Global 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. Global 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. Chicken Extract Market - Geographical Analysis
- 10.1 North America
- 10.1.1 North America Chicken Extract Market Overview
- 10.1.2 North America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.1.3 North America Chicken Extract Market Breakdown by Product Type
- 10.1.3.1 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Product Type
- 10.1.4 North America Chicken Extract Market Breakdown by Category
- 10.1.4.1 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Category
- 10.1.5 North America Chicken Extract Market Breakdown by Distribution Channel
- 10.1.5.1 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
- 10.1.6 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
- 10.1.6.1 North America Chicken Extract Market Breakdown by Country
- 10.1.6.2 US Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.1.6.2.1 US Chicken Extract Market Breakdown by Product Type
- 10.1.6.2.2 US Chicken Extract Market Breakdown by Category
- 10.1.6.2.3 US Chicken Extract Market Breakdown by Distribution Channel
- 10.1.6.3 Canada Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.1.6.3.1 Canada Chicken Extract Market Breakdown by Product Type
- 10.1.6.3.2 Canada Chicken Extract Market Breakdown by Category
- 10.1.6.3.3 Canada Chicken Extract Market Breakdown by Distribution Channel
- 10.1.6.4 Mexico Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.1.6.4.1 Mexico Chicken Extract Market Breakdown by Product Type
- 10.1.6.4.2 Mexico Chicken Extract Market Breakdown by Category
- 10.1.6.4.3 Mexico Chicken Extract Market Breakdown by Distribution Channel
- 10.2 Europe
- 10.2.1 Europe Chicken Extract Market Overview
- 10.2.2 Europe Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.3 Europe Chicken Extract Market Breakdown by Product Type
- 10.2.3.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Product Type
- 10.2.4 Europe Chicken Extract Market Breakdown by Category
- 10.2.4.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Category
- 10.2.5 Europe Chicken Extract Market Breakdown by Distribution Channel
- 10.2.5.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
- 10.2.6 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
- 10.2.6.1 Europe Chicken Extract Market Breakdown by Country
- 10.2.6.2 Germany Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.6.2.1 Germany Chicken Extract Market Breakdown by Product Type
- 10.2.6.2.2 Germany Chicken Extract Market Breakdown by Category
- 10.2.6.2.3 Germany Chicken Extract Market Breakdown by Distribution Channel
- 10.2.6.3 UK Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.6.3.1 UK Chicken Extract Market Breakdown by Product Type
- 10.2.6.3.2 UK Chicken Extract Market Breakdown by Category
- 10.2.6.3.3 UK Chicken Extract Market Breakdown by Distribution Channel
- 10.2.6.4 France Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.6.4.1 France Chicken Extract Market Breakdown by Product Type
- 10.2.6.4.2 France Chicken Extract Market Breakdown by Category
- 10.2.6.4.3 France Chicken Extract Market Breakdown by Distribution Channel
- 10.2.6.5 Italy Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.6.5.1 Italy Chicken Extract Market Breakdown by Product Type
- 10.2.6.5.2 Italy Chicken Extract Market Breakdown by Category
- 10.2.6.5.3 Italy Chicken Extract Market Breakdown by Distribution Channel
- 10.2.6.6 Russia Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.6.6.1 Russia Chicken Extract Market Breakdown by Product Type
- 10.2.6.6.2 Russia Chicken Extract Market Breakdown by Category
- 10.2.6.6.3 Russia Chicken Extract Market Breakdown by Distribution Channel
- 10.2.6.7 Rest of Europe Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.6.7.1 Rest of Europe Chicken Extract Market Breakdown by Product Type
- 10.2.6.7.2 Rest of Europe Chicken Extract Market Breakdown by Category
- 10.2.6.7.3 Rest of Europe Chicken Extract Market Breakdown by Distribution Channel
- 10.3 Asia Pacific Chicken Extract Market
- 10.3.1 Overview
- 10.3.2 Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.3 Asia Pacific Chicken Extract Market Breakdown by Product Type
- 10.3.3.1 Asia Pacific Chicken Extract Market Revenue and Forecasts and Analysis - By Product Type
- 10.3.4 Asia Pacific Chicken Extract Market Breakdown by Category
- 10.3.4.1 Asia Pacific Chicken Extract Market Revenue and Forecasts and Analysis - By Category
- 10.3.5 Asia Pacific Chicken Extract Market Breakdown by Distribution Channel
- 10.3.5.1 Asia Pacific Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
- 10.3.6 Asia Pacific Chicken Extract Market Breakdown by Country
- 10.3.6.1 Asia Pacific Chicken Extract Market Breakdown by Country
- 10.3.6.2 China Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.6.2.1 China Chicken Extract Market Breakdown by Product Type
- 10.3.6.2.2 China Chicken Extract Market Breakdown by Category
- 10.3.6.2.3 China Chicken Extract Market Breakdown by Distribution Channel
- 10.3.6.3 Japan Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.6.3.1 Japan Chicken Extract Market Breakdown by Product Type
- 10.3.6.3.2 Japan Chicken Extract Market Breakdown by Category
- 10.3.6.3.3 Japan Chicken Extract Market Breakdown by Distribution Channel
- 10.3.6.4 India Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.6.4.1 India Chicken Extract Market Breakdown by Product Type
- 10.3.6.4.2 India Chicken Extract Market Breakdown by Category
- 10.3.6.4.3 India Chicken Extract Market Breakdown by Distribution Channel
- 10.3.6.5 Australia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.6.5.1 Australia Chicken Extract Market Breakdown by Product Type
- 10.3.6.5.2 Australia Chicken Extract Market Breakdown by Category
- 10.3.6.5.3 Australia Chicken Extract Market Breakdown by Distribution Channel
- 10.3.6.6 South Korea Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.6.6.1 South Korea Chicken Extract Market Breakdown by Product Type
- 10.3.6.6.2 South Korea Chicken Extract Market Breakdown by Category
- 10.3.6.6.3 South Korea Chicken Extract Market Breakdown by Distribution Channel
- 10.3.6.7 Rest of Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.6.7.1 Rest of Asia Pacific Chicken Extract Market Breakdown by Product Type
- 10.3.6.7.2 Rest of Asia Pacific Chicken Extract Market Breakdown by Category
- 10.3.6.7.3 Rest of Asia Pacific Chicken Extract Market Breakdown by Distribution Channel
- 10.4 Middle East & Africa
- 10.4.1 Middle East & Africa Chicken Extract Market Overview
- 10.4.2 Middle East & Africa Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.3 Middle East & Africa Chicken Extract Market Breakdown by Product Type
- 10.4.3.1 Middle East & Africa Chicken Extract Market and Forecasts and Analysis - By Product Type
- 10.4.4 Middle East & Africa Chicken Extract Market Breakdown by Category
- 10.4.4.1 Middle East & Africa Chicken Extract Market and Forecasts and Analysis - By Category
- 10.4.5 Middle East & Africa Chicken Extract Market Breakdown by Distribution Channel
- 10.4.5.1 Middle East & Africa Chicken Extract Market and Forecasts and Analysis - By Distribution Channel
- 10.4.6 Middle East & Africa Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
- 10.4.6.1 Middle East & Africa Chicken Extract Market Breakdown by Country
- 10.4.6.2 Saudi Arabia Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.6.2.1 Saudi Arabia Chicken Extract Market Breakdown by Product Type
- 10.4.6.2.2 Saudi Arabia Chicken Extract Market Breakdown by Category
- 10.4.6.2.3 Saudi Arabia Chicken Extract Market Breakdown by Distribution Channel
- 10.4.6.3 UAE Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.6.3.1 UAE Chicken Extract Market Breakdown by Product Type
- 10.4.6.3.2 UAE Chicken Extract Market Breakdown by Category
- 10.4.6.3.3 UAE Chicken Extract Market Breakdown by Distribution Channel
- 10.4.6.4 South Africa Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.6.4.1 South Africa Chicken Extract Market Breakdown by Product Type
- 10.4.6.4.2 South Africa Chicken Extract Market Breakdown by Category
- 10.4.6.4.3 South Africa Chicken Extract Market Breakdown by Distribution Channel
- 10.4.6.5 Rest of Middle East & Africa Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.6.5.1 Rest of Middle East & Africa Chicken Extract Market Breakdown by Product Type
- 10.4.6.5.2 Rest of Middle East & Africa Chicken Extract Market Breakdown by Category
- 10.4.6.5.3 Rest of Middle East & Africa Chicken Extract Market Breakdown by Distribution Channel
- 10.5 South & Central America
- 10.5.1 South & Central America Chicken Extract Market Overview
- 10.5.2 South & Central America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.3 South & Central America Chicken Extract Market Breakdown by Product Type
- 10.5.3.1 South & Central America Chicken Extract Market and Forecasts and Analysis - By Product Type
- 10.5.4 South & Central America Chicken Extract Market Breakdown by Category
- 10.5.4.1 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis - By Category
- 10.5.5 South & Central America Chicken Extract Market Breakdown by Distribution Channel
- 10.5.5.1 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
- 10.5.6 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
- 10.5.6.1 South & Central Chicken Extract Market Breakdown by Country
- 10.5.6.2 Brazil Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.6.2.1 Brazil Chicken Extract Market Breakdown by Product Type
- 10.5.6.2.2 Brazil Chicken Extract Market Breakdown by Category
- 10.5.6.2.3 Brazil Chicken Extract Market Breakdown by Distribution Channel
- 10.5.6.3 Argentina Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.6.3.1 Argentina Chicken Extract Market Breakdown by Product Type
- 10.5.6.3.2 Argentina Chicken Extract Market Breakdown by Category
- 10.5.6.3.3 Argentina Chicken Extract Market Breakdown by Distribution Channel
- 10.5.6.4 Rest of South & Central America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.6.4.1 Rest of South & Central America Chicken Extract Market Breakdown by Product Type
- 10.5.6.4.2 Rest of South & Central America Chicken Extract Market Breakdown by Category
- 10.5.6.4.3 Rest of South & Central America Chicken Extract Market Breakdown by Distribution Channel
11. Chicken Extract Market - Impact of COVID-19 Pandemic
- 11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
- 12.1 Heat Map Analysis by Key Players
- 12.2 Company Positioning & Concentration
13. Company Profiles
- 13.1 Campbell Soup Co
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 The Kraft Heinz Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Ajinomoto Philippines Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Lee Kum Kee Co Ltd
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Nutra Organics Pty Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Huegli Cenovis GmbH
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Princes Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Unilever Plc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Hormel Foods Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Kettle & Fire Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix