Industry Background:
Chicken Wing is a part of the chicken. There are three types of chicken wings available in the market which are the whole wing, the flat, and the drumette. It is available in frozen as well as fresh form in the market for household application. In the countries, people are consuming chicken wings in different ways such as baked, fried, smoked, and grilled which leads increase in production. Emerging start-up of hotel and restaurant in the world creates market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Tyson Foods, Inc. (United States), Pilgrim's (United States), Sysco Corporation (United States), Cargill (United States), Hormel Foods Corporation. (United States), Perdue Farms (United States), OSI Group. (United States), Koch Foods (United States), San Miguel Foods (Philippines) and Veronesi Holding S.p.A. (Italy) |
This growth is primarily driven by Increasing Demand for Chicken Products among the Individual and Growing Need for Protein-Rich Food Sources in the World.
Globally, a noticeable market trend is evident The Rise in Popularity of Processed Chicken Wings such as Baked, Grilled, etc. Among The People Major Vendors, such as Tyson Foods, Inc. (United States), Pilgrim's (United States), Sysco Corporation (United States), Cargill (United States), Hormel Foods Corporation. (United States), Perdue Farms (United States), OSI Group. (United States), Koch Foods (United States), San Miguel Foods (Philippines) and Veronesi Holding S.p.A. (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global Chicken Wing market is fragmented due to the presence of several manufacturers at the global and regional levels. Companies are offering a wide range of chicken wings for the food business. In the market, it is available on the online and offline sales channels. Players are focusing on the quality of products to enhance their market presence.
Key Developments in the Market:
In February 2023, Tyson Foods, Inc. has signed an agreement to acquire Williams Sausage Company, Inc. of Union City, Tenn., this acquisition helped the company to expand its capacity to serve the customers.
In June 2020, Cargill launched New Plant-Based Protein Brand PlantEver™ for Consumers in China.
Regulatory Insights:
“As per CPCSEA GUIDELINES, the use of poultry in such studies requires special considerations, the procedures and the facilities to be used must be reviewed by both the Institutional Bio-safety Committee and Institutional Animal Ethics Committee (IAEC). Disposing of tissues and fluids from such used poultry must also be appropriately governed as per biosafety regulations.” and “The Regulation on Sanitary Control of Products and Services in force regulates activities, services, and establishments related to meat and its products. Article 28 states that, during transport, perishable foods must be kept at refrigeration temperatures, and frozen foods must be kept in that condition. The regulation does not prohibit the transfer of products in the open air, nor is there a regulation on the specific requirements that vehicles must satisfy.”
Influencing Trend:
The Rise in Popularity of Processed Chicken Wings such as Baked, Grilled, etc. Among The People
Market Growth Drivers:
Increasing Demand for Chicken Products among the Individual and Growing Need for Protein-Rich Food Sources in the World
Challenges:
Growing Awareness about the Health Effects of High Consumption of Chicken may be Hindering the Market Growth and Market Presence with Numerous Players Pose a Challenge for Chicken Wing
Restraints:
Growing Trend of Plant-Based Food and Veganism Restraint Chicken Wing Market Growth and Market Presence with Availability of Different Substitutes
Opportunities:
Wide Range of Chicken Wing Leads Growth in Distribution Market B2B and B2C and Increasing Number of Hotels and Restaurants in the Developing Countries Creating Opportunities for Chicken Wing Market.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Chicken Wing Market
- Analysis about New Entrants in Chicken Wing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Chicken Wing Study Sheds Light on
The Chicken Wing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chicken Wing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chicken Wing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.