Frozen Chicken Market

Global Frozen Chicken Market Size, Share & Trends Analysis Report By Type (Chicken Drumstick, Chicken Breast, Chicken Wings, Chicken Thigh, and Others), By Distribution Channel, By Product, By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-21165 Publication Date: March-2024 Number of Pages: 371
2022
USD 20.7 Billion
2030
USD 37.3 Billion
CAGR
7.5%
Historical Data
2019 to 2021

Market Report Description

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.

Frozen Chicken Market Size - Global Opportunities and Trends Analysis Report 2019-2030

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.

Driving and Restraining Factors
Frozen Chicken Market
  • Increasing Demand For Convenience Foods
  • Rising Urbanization And Increasing Disposable Income
  • Expansion Of The Global Processed Food Industry
  • Rising Preference For Experiencing Different Food Commodities
  • Growing Technological Advancements In Freezing And Packaging
  • Increasing Competition From Fresh Alternatives
  • Negative Perception Of Quality And Freshness

By Type Analysis

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.

By Distribution Channel Analysis

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.

Frozen Chicken Market Share and Industry Analysis Report 2022

By Product Analysis

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

By Regional Analysis

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.

Frozen Chicken Market Report Coverage
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
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
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

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List of Key Companies Profiled

  • 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

Frozen Chicken Market Report Segmentation

By Type (Volume, Kilo tonnes, USD Billion, 2019-2030)

  • Chicken Drumstick
  • Chicken Breast
  • Chicken Wings
  • Chicken Thigh
  • Others

By Distribution Channel (Volume, Kilo tonnes, USD Billion, 2019-2030)

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail

By Product (Volume, Kilo tonnes, USD Billion, 2019-2030)

  • Chicken Nuggets
  • Chicken Popcorn
  • Chicken Fingers
  • Chicken Patty
  • Others

By Geography (Volume, Kilo tonnes, USD Billion, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

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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