Chicken Powder Market Landscape, Research Methodology, Key Industry Dynamics and Comprehensive Analysis by 2030

The scope of our recent study, titled "Chicken Powder Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Low-Fat and Conventional) and Application [Food & Beverages (RTE and RTC Meals; Soups, Sauces, and Dressings; Savory Snacks; Noodles and Pastas; and Others), Dietary Supplements, Pet Food, and Animal Feed]," includes the description of factors fueling the chicken powder market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with market share analysis.

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The chicken powder market is expected to grow from US$  452.98 million in 2022 to US$  701.23 million by 2030; it is expected to record a CAGR of 5.6% from 2022 to 2030.

The rising consumer demand for chicken-based products across the global market is driving the demand for chicken powder. The demand for convenience food such as ready meals and snacks is increasing due to hectic work schedules and the increasing working women population, resulting in increased use of chicken powder in the food & beverage industry. Chicken powder enhances the flavor, supplies amino acids that are needed for good health, and is rich in protein content. With the growing demand for meaty-flavored products, several giant manufacturers are focusing on product innovation and the expansion of their product lines, which ultimately boosts the demand for chicken powder. For instance, in August 2019, the US-based Bell Flavor and Fragrances launched a range of natural chicken flavors. Moreover, According to the US Department of Agriculture, meat consumption in the US is increasing at a higher pace. The total amount of meat consumed per person is anticipated to reach nearly 219 pounds by 2025. Thus, all the factors mentioned above are expected to drive the growth of the global chicken powder market.

Based on type, the chicken powder market is segmented into low-fat and conventional. The conventional segment held a significant market share in 2022; however, the low-fat segment is projected to register the highest CAGR during the forecast period due to its shopping and product delivery convenience. The low-fat chicken powder segment has registered the highest CAGR during the forecast period owing to the rising consumer preference for low-fat food products and health concerns. Low-fat chicken powder contributes to fewer calories than conventional chicken powder, making it a healthier option. In addition, increasing consumer dietary preferences for low-fat, and low-cholesterol intake has propelled the demand for low-fat chicken powder in different industries. Key manufacturers in the market, such as Symrise AG, International Dehydrated Foods Inc, and F R Benson & Partners Ltd are offering low-fat chicken powder to meet the growing consumer demand.

Based on geography, the chicken powder market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America accounted for the largest share of the market. North America is one of the prominent regions for the chicken powder market due to the increasing consumption of meat-based products as protein-rich food. The US is the world's largest poultry meat exporter and a major egg producer. Growing consumer preference for leaner meat options, due to changing dietary patterns, boosts the demand for chicken-based meat in the region. Chicken powder enhances the flavor of meat-based food products and other food & beverages. Thus, growing consumption of meat-based food increases the demand for chicken powder. These factors are expected to fuel the demand for chicken powder. Moreover, consumers in countries such as the US and Canada have started opting for chicken-based RTE and RTC products owing to the convenience and flavor offered by the products. Chicken powder is also used in culture media preparation. Owing to all these factors, the demand for chicken powder is increasing across the region, which is expected to drive market growth.

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The report segments the global chicken powder market as follows:

The chicken powder market is segmented into type and application. Based on type, the market is segmented into low-fat and conventional. Based on application, the chicken powder market is segmented into food & beverages, dietary supplements, pet food, and animal feed. By geography, the chicken powder market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

Global Chicken Powder Market: Competitive Landscape and Key Developments

Proliver Srl, Symrise AG, F R Benson and Partners Ltd, BRF SA, International Dehydrated Foods Inc, HE Stringer Flavours Ltd, The Scoular Co, Henningsen Netherland BV, Nikken Foods Co Ltd, and Fuji Foods Inc are a few leading players operating in the chicken powder market. These players focus on developing innovative products to meet the changing requirements of consumers.

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