Industry Background:
The processed chicken is the chicken modified using salting process, preservatives, fermentation, smoking and other processes for improving the flavors, texture and to preserve it over time. The processed chicken also includes frozen and ready to cook chicken, the ready to cook chicken generally consists of added value products like grills, nuggets, chicken burgers, steaks, etc. The demand for processed chicken is expected to rise due to the growing popularity of chicken products for its nutrition, versatility, etc.This growth is primarily driven by Increasing Consumption of Non-Vegetarian Food Across the World
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Meat, Poultry & Fish sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as JBS S.A. (Brazil), Tyson Foods, Inc. (United States), BRF S.A. (Brazil), Wayne Farms LLC (United States), Hormel Foods Corporation. (United States), Cargill, Incorporated (United States), Koch Foods (United States), Sanderson Farms, Incorporated (United States), NH Foods Ltd. (Japan) and Smithfield Foods, Inc., (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 3rd June 2019, Tyson Foods announced the completion of the acquisition of the Thai and European business from BRF S.A. The acquisition includes four production facilities in Thailand and one each in the Netherlands and in the United States. This was the growth strategy to expand offerings of value-added protein in global markets.
On 29th October 2019, the Brazilian food processing company BRF announced the plan to invest around USD 120 million to build a plant in Saudi Arabia for chicken processing. This new Saudi plant will produce high value-added products such as halal poultry burgers, sausages, and breaded and marinated cuts, the company reported.
Regulatory Insights:
"The United States Department of Agriculture (USDA), Bone-in poultry products that are injected or marinated with a solution containing butter or other edible fat, broth, stock or water plus spices, flavor enhancers and other approved substances must be labeled as basted or self basted. The maximum added weight of approximately a 3% solution before processing is included in the net weight on the label. The label must include a statement identifying the total quantity and common or usual name of all ingredients in the solution."
Processed Chicken Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Consumption of Non-Vegetarian Food Across the World
- Health Benefits Associated with Chicken Consumption
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Influencing Trends | - Increasing Consumption of Processed Chicken in APAC Region
- The Introduction of Flavors in PRocessed Chicken Products
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Restraints | - Increasing Risk of Bird Flu Epidemic Might Hinder the Processed Chicken Market
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Road Blocks / Challenges | - Regulatory Standards Imposed Labeling of Processed Chicken
- Intense Competition Between the PRocessed Chicken Manufacturers
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Gaps & Opportunities | - Growing Poultry Industry Infrastructure will Boost the Processed Chicken Market
- Quality Assurance and Better Availability of Processed Chicken Online
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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 mainly 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 market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Processed Chicken Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Processed Chicken Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Processed Chicken players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
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
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Processed Chicken Study Sheds Light on
The Processed Chicken Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Processed Chicken industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Processed Chicken 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.