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Frozen Chicken Market worth $23.76 billion by 2030, growing at a CAGR of 5.47% - Exclusive Report by 360iResearch
Frozen Chicken Market | 360iResearch
The Global Frozen Chicken Market to grow from USD 16.36 billion in 2023 to USD 23.76 billion by 2030, at a CAGR of 5.47%.
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Frozen chicken refers to chicken that has been preserved through freezing to maintain its nutritional value, flavor, and texture over an extended period. This process allows chicken to be stored and transported conveniently, making it a staple worldwide in households and food service industries. Frozen chicken comes in various forms, including whole chicken, chicken cuts, and processed products such as nuggets and patties. Key growth drivers include the modern lifestyle's demand for quick meal solutions, the rising health consciousness promoting chicken as a healthier protein, the influence of global cuisines expanding the appetite for diverse chicken-based dishes, and the economic advantage frozen chicken presents. Conversely, challenges such as perceptions of inferior quality compared to fresh counterparts, supply chain vulnerabilities, and stringent regulatory landscapes pose hurdles. However, innovation includes advanced freezing technology for superior quality preservation, expanding into online sales and subscription models alongside efforts to enhance sustainability, nutritional value, and flavor diversity expected to create potential opportunities for the growth of the frozen chicken market.
In the Americas, the demand for frozen chicken is primarily driven by convenience, variety, and health-conscious choices among consumers. The market is witnessing significant innovation in product offerings, including organic and antibiotic-free options. Recent patents in preservation and packaging technology demonstrate the industry's focus on extending shelf life and improving sustainability. The market is seeing a rise in plant-based alternatives, reflecting consumer preferences towards sustainability. Investments in cold chain infrastructure are notable, improving the logistics and distribution efficiency for frozen chicken products. The EU market for frozen chicken is characterized by stringent regulations regarding food safety and animal welfare, influencing product standards and consumer trust. Innovations in packaging and product traceability are prominent, catering to consumer demands for transparency. Sustainable practices and food waste reduction are key focus areas for investment and research. The Middle Eastern market strongly demands halal frozen chicken products, with consumer preferences leaning toward spicy and exotic flavors. The region is witnessing growth in quick-service restaurants, driving the consumption of frozen chicken products. Investments are primarily directed towards enhancing halal certification processes and cold storage facilities. Africa's zfixed chicken market is experiencing rapid growth due to urbanization and rising disposable incomes. Asia-Pacific is experiencing growth in the frozen chicken market, with a growing demand attributed to urbanization and retail infrastructure expansion. The market is competitive, with a strong emphasis on safety and quality. Recent research and investment have concentrated on supply chain optimization and blockchain integration for transparency. The focus on quality and convenience is paramount, with significant investments in vending machine distribution channels. Key initiatives include enhancing distribution networks and cold chain infrastructure to cater to the growing demand across the Asia-Pacific region.
Market Segmentation & Coverage:
This research report categorizes the Frozen Chicken Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Cut-up Pieces, Processed, and Whole Chicken. The Cut-up Pieces is further studied across Chicken Breast, Chicken Drumstick, Chicken Thigh, and Chicken Wings. The Processed is further studied across Chicken Fingers, Chicken Nuggets, Chicken Patty, and Chicken Popcorn. The Whole Chicken is projected to witness significant market share during forecast period.
Based on Category, market is studied across Flavored and Plain. The Flavored is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Commercial and Residential. The Commercial is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.60% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Frozen Chicken Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Frozen Chicken Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Frozen Chicken Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Pte. Ltd., Campbell Soup Company, Conagra Brands, Inc., Del Monte Foods, Inc., EARLYBIRD FARM PTY LIMITED, Foster Farms, General Mills Inc., Hormel Foods Corporation, Inghams Group Limited, JBS SA, KOCH FOODS INCORPORATED, Lantmännen Group, Maple Leaf Foods Inc., McCain Foods Ltd., Mountaire Farms, Perdue Farms Inc., Pilgrim's Pride Corporation, Plukon Food Group, Sunbulah Group, Tegel Foods Limited, The Kraft Heinz Company, Tyson Foods, Inc., Waitrose Ltd., and WIESENHOF International GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Frozen Chicken Market, by Type
7. Frozen Chicken Market, by Category
8. Frozen Chicken Market, by Distribution Channel
9. Frozen Chicken Market, by End-Use
10. Americas Frozen Chicken Market
11. Asia-Pacific Frozen Chicken Market
12. Europe, Middle East & Africa Frozen Chicken Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Frozen Chicken Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Frozen Chicken Market?
3. What is the competitive strategic window for opportunities in the Frozen Chicken Market?
4. What are the technology trends and regulatory frameworks in the Frozen Chicken Market?
5. What is the market share of the leading vendors in the Frozen Chicken Market?
6. What modes and strategic moves are considered suitable for entering the Frozen Chicken Market?
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About 360iResearch
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