At 4.9% CAGR, the North America Chicken Powder Market is Projected to be Worth US$ 181.34 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the North America chicken powder market was valued at US$ 123.25 million in 2022 and is expected to reach US$ 181.34 million by 2030, registering a CAGR of 4.9% from 2022 to 2030. Surging demand for organic and clean-label chicken powder and wide array of applications of chicken powder as flavor are among the critical factors attributed to the North America chicken powder market expansion.
Consumers are highly concerned about their diet. They pay attention to product labels and ingredients used in processed food products. Organic products are becoming increasingly popular owing to their perceived health benefits. They are free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs), which increase their appeal among consumers, who are ready to pay higher prices. Moreover, consumers increasingly prefer clean-label meat products that are free of synthetic colors, flavors, and other food additives. Further, they focus on holistic and conscious consumption and prefer products made with ethically sourced ingredients.
Clean-label trends are emerging rapidly across the meat industry. Meat consumers increasingly prefer all-natural and less processed meat products that offer enhanced health benefits. Organic and clean-label chicken powder is made from ethically sourced certified organic chicken. It is free from synthetic additives such as colors, stabilizers, anti-caking agents, and preservatives. Further, chicken free from growth hormones and antibiotics is used to make organic and clean-label powder. Thus, with increasing demand for organic and clean-label products, key players in the market launch different organic ranges. In February 2021, Diana Food launched a range of organic and animal welfare chicken solutions. The products include liquid and dehydrate free-range chicken extracts, free-range hen meat powder, and free-range chicken fat. Thus, the rising demand for clean-label and organic chicken powder is expected to fuel the North America chicken powder market during the forecast period.
On the contrary, increasing consumer inclination toward vegan and vegetarian diet hampers the growth North America chicken powder market.
Based on type, the North America chicken powder market is bifurcated into low-fat and conventional. The conventional segment held 76.9% share of the North America chicken powder market in 2022, amassing US$ 94,821.91 thousand. It is projected to garner US$ 1,38,596.22 thousand by 2030 to expand at 4.9% CAGR during 2022-2030.
By application, the North America chicken powder market is segmented into food & beverages, dietary supplements, pet food, and animal feed. The food & beverages segment held 55.2% share of North America chicken powder market in 2022, amassing US$ 68,026.46 thousand. It is projected to garner US$ 96,429.89 thousand by 2030 to expand at 4.5% 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 North America chicken powder market is categorized into the US, Canada, and Mexico. The US held 77.7% share of North America chicken powder market in 2022, amassing US$ 95,731.90 thousand. It is projected to garner US$ 1,39,032.89 thousand by 2030 to expand at 4.8% CAGR during 2022-2030.
Key players operating in the North America chicken powder market are BRF SA, Fuji Foods Inc, International Dehydrated Foods Inc, Nikken Foods Co Ltd, Symrise AG, and The Scoular Co, among others.
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