Raw Chicken Meat Market is expected to grow with a CAGR of 3.5% from 2021 to 2028 to reach US$ 296,150.51 million - Analysis by The Insight Partners

According to our latest market study on "Raw Chicken Meat Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Whole Chicken, Chicken Breast, Thighs, Drumstick, Wings, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)," the market is expected to grow from US$ US$ 232,489.41 in 2021 to US$ 296,150.51 million by 2028; it is expected to grow at a CAGR of 3.5% from 2021 to 2028. The report highlights key driving factors and prominent market players along with their developments in the market.

Chicken meat is essential, as it is one of the primary protein sources for the population in several countries. Furthermore, animal-derived food products have a protein digestibility-corrected amino acid score (PDCAAS) equivalent to or slightly below one. Chicken is easily digestible and the most budget-friendly of lean protein options; besides, the protein content in chicken contains all nine essential amino acids. Thus, the surging consumer inclination toward protein-rich food is the key factor anticipated to propel the raw chicken meat market growth during the forecast period.

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Amick Farms; Foster Farms; JBS S.A.; Koch Foods; Mountaire Farms; Perdue Farms; PILGRIM'S; Sanderson Farms; Tyson Foods, Inc.; and Wayne Farms LLC are among well-established players in the global raw chicken meat market. The market players are adopting strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and meet the growing demand from end users.

With the increasing focus on health, consumers have shifted to healthy food products with a rich nutritional profile, especially protein. Proteins are the building blocks of the body that maintain its structure and functions. Amino acids, the monomers in proteins, act as coenzymes or cofactors in many biochemical processes in the human body. The body also uses amino acids for building and repairing muscles and bones and for making enzymes and hormones. The consumption of protein promotes proper growth and development among children and teenagers. People consuming more protein tend to maintain bone mass better and have a much lower risk of fractures and osteoporosis. Thus, the rise in consuming protein-rich food is fueling the growth of the raw chicken meat market.

Based on type, the raw chicken meat market is segmented into whole chicken, chicken breast, thighs, drumstick, wings, and others. The chicken breast segment accounted for the largest market share in 2020 and is expected to register the highest CAGR in the market during the forecast period.

The chicken breast segment is anticipated to account for the largest revenue share in the market during the forecast period. Chicken breast is a type of white meat obtained from underneath the chicken's pectoral muscle. It has low-fat content and high protein content. Chicken breast is typically sold without skin and bones as most of the chicken fat is concentrated in the skin.

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This release was published on openPR.