At 5.3% CAGR, the Europe Chicken Powder Market is Projected to be Worth US$ 138.28 million by 2030, Says Business Market Insights
According to Business Market Insights research, the Europe chicken powder market was valued at US$ 91.18 million in 2022 and is expected to reach US$ 138.28 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Rising preference for umami flavors and wide array of applications of chicken powder as flavor are among the critical factors attributed to the Europe chicken powder market expansion.
Rising modernization, changing lifestyles, and changing taste preferences boost the demand for umami flavors across the world. Umami is considered the fifth primary taste-next to sweet, sour, bitter, and salty. Umami flavor imparts a savory taste to the food items. Thus, it has become a popular flavor among food and beverage manufacturers aiming to improve the taste of low-sodium offerings. Umami adds a 'brothy' or 'meaty' taste to end products. Thus, with increasing popularity, the demand for umami-flavored products is increasing among the global population.
The umami flavor is mainly obtained from various meat extracts such as beef, chicken powder, and pork extracts. Chicken powder is used in various foods and beverages to bring the umami taste and mouthfeel. Moreover, umami gives a meaty flavor to the end product. The savory quality of Umami can make food items taste richer without adding sodium or fat. Therefore, the preference for umami flavor increases among manufacturers to cater to the rising demand of consumers. Kerry Group offers umami stocks that are clean-label and can be used in prepared meals, soups, sauces, gravies, burgers, and poultry applications.
Thus, the rising preference for umami flavors is expected to provide lucrative opportunities for the Europe chicken powder market during the forecast period.
On the contrary, increasing consumer inclination toward vegan and vegetarian diet hampers the growth Europe chicken powder market.
Based on type, the Europe chicken powder market is bifurcated into low-fat and conventional. The conventional segment held 74.3% share of the Europe chicken powder market in 2022, amassing US$ 67,729.86 thousand. It is projected to garner US$ 1,01,872.96 thousand by 2030 to expand at 5.2% CAGR during 2022-2030.
By application, the Europe chicken powder market is segmented into food & beverages, dietary supplements, pet food, and animal feed. The food & beverages segment held 57.6% share of Europe chicken powder market in 2022, amassing US$ 52,478.24 thousand. It is projected to garner US$ 76,806.44 thousand by 2030 to expand at 4.9% CAGR during 2022-2030. Similarly, food & beverages is further categorized into RTE and RTC meals, soups sauces and dressings, savory snacks, noodles and pastas, and others.
Based on country, the Europe chicken powder market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe held 38.6% share of Europe chicken powder market in 2022, amassing US$ 35,160.55 thousand. It is projected to garner US$ 50,307.55 thousand by 2030 to expand at 4.6% CAGR during 2022-2030.
Key players operating in the Europe chicken powder market are BRF SA, F R Benson and Partners Ltd, HE Stringer Flavours Ltd, Henningsen Nederland BV, Proliver SRL, and Symrise AG, among others.
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