$2.98 Billion Chicken based ingredients Market Top Companies, Segments and Opportunities by 2030

Chicken based ingredients market generated $1.36 billion in 2020, and is expected to reach $2.98 billion by 2030, witnessing a CAGR of 8.4% from 2021 to 2030.

Preference for nutritious food, increase in demand for health and fitness related food & beverages, and surging demand from downstream industries such as biodiesel, food and beverage, pharmaceutical, and animal feed drive the growth of the global chicken based ingredients market. However, large capital investments and concerns regarding health effects of excessive chicken fat and oil consumption restrain the market growth. On the other hand, expansion of the sales and distribution network present new opportunities in the next few years.

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The rise in global consumption of chicken is a major factor driving the growth of the chicken based ingredients market. The surge in demand for convenience and processed foods also boosts the growth of the chicken based ingredients industry.

Chicken based ingredients are derived from chicken through a variety of processes, including rendering and extraction. Chicken based ingredients are used to enhance the flavors and textures of the dish. These are also used in pet food and as a food supplement.

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The rapid evolution of consumer preferences is one of the major factors driving innovation in the food & beverage industry. At the moment, market trends for chicken based ingredients indicate that demand for these ingredients is expected to experience an increase in the coming years, owing to a steady rise in the number of health-conscious people around the world, as well as surge in awareness about the benefits of these ingredients. As a result, in recent years, chicken-based ingredients have grown in popularity.

Moreover, over the last decade, a large number of players have gradually entered the global chicken based ingredients market, resulting in the availability of these ingredients for a wide range of applications via various distribution channels. Another factor that has contributed to the popularity of chicken based ingredients in recent years is the digital boom, which has seen brands continue to promote their products via online sales channels such as social media, newsletters, and e-mail marketing. While the global chicken based ingredients market remains competitive, companies are expected to concentrate on packaging, pricing strategies, and marketing strategies to gain a competitive advantage in the current market landscape.

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According to chicken based ingredients market analysis, the market is segmented on the basis of type, application, distribution channel, and region. On the basis of type, it is categorized into oil, broth, fat, and protein. As per application, it is divided into food & beverage, animal feed, biodiesel, and food supplement. According to distribution channel, it is fragmented into hypermarkets & supermarkets, convenience stores, specialty stores, and online sales channel. Region-wise, the chicken based ingredients market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Leading players of the global chicken based ingredients market analyzed in the research include Bare Bones, Brodo, Borough Broth, International Dehydrated Foods Inc., Broth of Life, Epic Provisions, Lonolife, Kettle and Fire Inc., Pacific Foods of Oregon LLC, Manischewitz, Proliver, Sanimax, Piermen B.V., Stara Foods and Symrise AG.

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