“Global Frozen Chicken Market to reach a market value of USD 37.3 Billion by 2030 growing at a CAGR of 7.5%”
The Global Frozen Chicken Market size is expected to reach $37.3 billion by 2030, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,868.5 kilo tonnes, experiencing a growth of 6.2% (2019-2022).
With higher chicken meat production in China, a greater supply of chicken is available in the market. This increased supply can lead to a higher availability of raw materials for frozen chicken processing, potentially leading to an increase in the production of frozen chicken products. Consequently, the Asia Pacific region generate a revenue of USD 9,003.3 Million in 2022. Also, Mexico would utilize 7.0 kilo tonnes of chicken thighs by 2030. Frozen chicken products have emerged as a popular solution, providing urban dwellers with a versatile and convenient protein source that aligns seamlessly with their bustling and fast-paced lifestyles.
Modern lifestyles are characterized by hectic schedules and time constraints, leading to a growing demand for quick and easy meal solutions. Frozen chicken products offer convenience to consumers who seek to minimize meal preparation time without compromising taste or nutrition. Hence, increasing demand for convenience foods is driving the market’s growth.
Additionally, Rising disposable income enables consumers to afford more food options, including convenience foods like frozen chicken. As household incomes increase, consumers are more likely to allocate a portion of their budget to ready-to-cook and ready-to-eat meal solutions, driving demand for frozen chicken products. Thus, the increasing disposable income and rising urbanization drive the market’s growth.
However, The production of frozen chicken involves various input costs, including feed, labor, energy, and transportation. The production costs of frozen chicken manufacturers might become unpredictable and volatile due to fluctuations in the prices of various inputs. Therefore, price volatility and cost pressures are hampering the market’s growth.
Based on type, the market is divided into chicken breast, chicken thigh, chicken drumstick, chicken wings, and others. In 2022, the chicken drumstick segment garnered the 42.56 % revenue share in the market. Chicken drumsticks are known for their rich flavor and juicy texture, making them popular among consumers seeking a satisfying and indulgent protein option. The dark meat of the drumstick offers a succulent and tender bite, appealing to those who prefer a more robust and flavorful cut of chicken. Additionally, chicken drumsticks can be prepared in various ways, including baking, frying, and braising.
Based on distribution channel, the market is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online retail. The online retail segment witnessed a 10.04 % revenue share in the market in 2022. Online retail platforms offer unparalleled convenience to consumers by allowing them to browse, purchase, and receive frozen chicken products from the comfort of their own homes. Families with hectic schedules, working professionals, and busy folks who do not have time to visit actual businesses will find this convenience feature especially appealing.
On the basis of product, the market is segmented into chicken nuggets, chicken popcorn, chicken fingers, chicken patty, and others. The chicken nuggets segment recorded the 35.83 % revenue share in the market in 2022. In terms of Volume, Chicken nuggets have 693.7 kilo tonnes of demand in 2022 . favorite among children, who are often picky and prefer familiar and comforting foods. The small, bite-sized pieces of chicken coated in a crispy breading are appealing to kids, making chicken nuggets a staple in many family households. Parents often rely on chicken nuggets as a convenient and kid-friendly meal option that their children will happily eat.
Free Valuable Insights: Global Frozen Chicken Market size to reach USD 37.3 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a 23.40% revenue share in the market. In North America, where busy lifestyles are common, consumers increasingly turn to convenient and time-saving meal solutions. Frozen chicken provides a convenient solution for effortless meal preparation, offering the flexibility of prolonged storage without compromising taste or freshness. This appeals to consumers looking for hassle-free options to fit their hectic schedules.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 20.7 Billion |
| Market size forecast in 2030 | USD 37.3 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 7.5% from 2023 to 2030 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 371 |
| Number of Tables | 789 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Product, Distribution Channel, Region |
| Country scope |
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| Companies Included | Perdue Farms Inc. (FPP Family Investments, Inc.), Inghams Group Limited, JBS USA Holdings, Inc. (JBS S.A), Hormel Foods Corporation, Cargill, Incorporated, Marfig Global Foods S.A. (BRF S.A), Tyson Foods, Inc., The Kraft Heinz Company, OSI Group, LLC |
By Type (Volume, Kilo tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD 37.3 billion by 2030.
Increasing Demand For Convenience Foods are driving the Market in coming years, however, Constraints Of Price Volatility And Cost Pressures restraints the growth of the Market.
Perdue Farms Inc. (FPP Family Investments, Inc.), Inghams Group Limited, JBS USA Holdings, Inc. (JBS S.A), Hormel Foods Corporation, Cargill, Incorporated, Marfig Global Foods S.A. (BRF S.A), Tyson Foods, Inc., The Kraft Heinz Company, OSI Group, LLC
In the year 2022, the market attained a volume of 1,868.5 kilo tonnes, experiencing a growth of 6.2% (2019-2022).
The Supermarkets & Hypermarkets segment is leading the Market by Distribution Channel in 2022 there by, achieving a market value of $17.8 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022 there by, achieving a market value of $16.6 billion by 2030, growing at a CAGR of 7.9 % during the forecast period.
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