Frozen Chicken Market By Type (Chicken Drumstick, Chicken Breast, Chicken Wings), Distribution Channel (Supermarkets/ Hypermarkets, Online Retail), Product (Chicken Nuggets, Chicken Popcorn, Chicken Fingers), Application (Home use, Foodservice), & Region for 2024 – 2031
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Frozen Chicken Market By Type (Chicken Drumstick, Chicken Breast, Chicken Wings), Distribution Channel (Supermarkets/ Hypermarkets, Online Retail), Product (Chicken Nuggets, Chicken Popcorn, Chicken Fingers), Application (Home use, Foodservice), & Region for 2024 – 2031
Frozen Chicken Breast Market Valuation – 2024-2031
The market for frozen chicken breast is growing rapidly. Experts believe that this tendency will continue for years to come. Several causes are fueling this expansion. Busy lives and an increasing working population create a demand for convenient protein sources. The market size surpass USD 27.3 Billion valued in 2024 to reach a valuation of around USD 41.03 Billion by 2031.
Frozen chicken breast is ideal for this recipe since it is easy to store, thaws quickly, and cooks rapidly. Furthermore, health-conscious consumers value the lean protein composition of chicken breast, making it a popular choice for people concerned with fitness and nutrition. Consequently, the growing demand for convenience foods is fueling market growth. The rising demand for cost-effective and efficient frozen chicken breast is enabling the market grow at a CAGR of 5.20% from 2024 to 2031.
Frozen Chicken Breast MarketDefinition/ Overview
Frozen chicken breast is chicken breast meat that has been frozen to keep it fresh and nutritious for an extended length of time. Freezing entails decreasing the temperature of the chicken breast to below its freezing point, which is commonly achieved using commercial freezers. This process suppresses the growth of bacteria and other germs, increasing the meat’s shelf life. Frozen chicken breasts are frequently packaged in individual quantities or bulk, making them convenient for both individual consumers and the food service market.
Frozen chicken breasts are widely utilized in both home and commercial cooking because of their ease and variety. They can be thawed and prepared in a variety of methods, including grilling, baking, frying, and boiling. They are a key ingredient in the culinary business because of their consistent quality and availability. Additionally, frozen chicken breasts are popular in meal prep and diet plans because they provide a lean source of protein that can be readily portioned and kept for extended periods. They are also an important export product, helping to balance meat supply and demand around the world.
Driven by advances in freezing technology and rising customer desire for convenient, healthful food options. Innovations such as individual quick freezing (IQF) and improved packaging materials are predicted to increase frozen chicken product quality and shelf life.
As customers become more health-conscious, there is a growing demand for organic and antibiotic-free chicken, which may extend into the frozen food sector. The global expansion of e-commerce and online grocery delivery services creates new opportunities for selling frozen chicken breasts, making them more accessible to a wider audience. Sustainable approaches in poultry farming and processing are expected to improve the frozen chicken breast industry by addressing environmental issues and achieving regulatory requirements.
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Will Efficient Supply Chain Drive the Growth of the Frozen Chicken Breast Market?
Advancements in freezing technology and cold chain logistics have significantly improved the transportation and storage of frozen chicken breasts. These developments have enhanced the efficiency and reliability of maintaining low temperatures throughout the supply chain, from processing facilities to retail outlets.
As a result, the shelf life of frozen chicken breasts has been extended, and the risk of spoilage has been substantially reduced. Improved freezing techniques ensure that the chicken retains its quality and nutritional value for longer periods, while advanced cold chain logistics provide consistent temperature control, minimizing the chances of temperature fluctuations that could compromise the product’s integrity.
These innovations have made it easier to transport and store frozen chicken, benefiting both suppliers and consumers by ensuring a steady supply of high-quality products.
How Price Fluctuation of Various Input Raw Material Hamper the Frozen Chicken Breast Market?
The frozen chicken breast market, Feed, energy, labor, and packing materials are all important factors in the overall cost structure of chicken production. For example, the cost of feed, which normally accounts for a significant amount of total production costs, can be highly volatile due to factors such as weather, global supply chain interruptions, and commodities price fluctuations. A jump in feed prices can lead to increased production costs for poultry producers, raising the wholesale and retail prices of frozen chicken breasts.
Furthermore, fluctuations in energy costs affect the costs of operating freezers and shipping, which has an impact on the pricing and profitability of frozen chicken products.
Furthermore, the ripple effect of raw material price variations might result in lower profit margins for producers and suppliers, potentially leading to market instability. High input costs may push some firms to curtail production or abandon the market entirely, resulting in less supply and higher prices for consumers. This can have a detrimental influence on demand, particularly in price-sensitive regions where customers may prefer lower-cost protein alternatives.
As a result, severe and prolonged rises in raw material costs can strain the frozen chicken breast market, disrupting supply chains and potentially causing shortages or surpluses, exacerbating price volatility. This scenario emphasizes the necessity of good risk management methods and the implementation of sustainable practices in reducing the impact of raw material price variations on the frozen chicken breast market.
Category-Wise Acumens
How Chicken Nugget Sales Propel the Frozen Chicken Breast Market?
Chicken nuggets are renowned for their convenience and ease of preparation, making them an appealing choice for busy consumers seeking quick and time-saving food solutions. In modern lifestyles, characterized by hectic schedules, there is a growing demand for convenient and ready-to-eat food options.
Chicken nuggets cater perfectly to this trend, offering a quick and hassle-free meal solution. Their versatility further enhances their appeal, as they can be enjoyed as a standalone snack, part of a meal, or incorporated into various recipes, providing flexibility in meal planning.
Additionally, chicken nuggets are particularly popular among children due to their small, bite-sized pieces and familiar taste, making them a family-friendly option that parents are more likely to purchase. This popularity among children reinforces their demand as a household staple.
How Supermarket Became the Most Favorable Choice for Consumers in the Frozen Chicken Breast Market?
Consumers have come to expect high-quality and safe frozen chicken products, and supermarkets and hypermarkets play a crucial role in meeting these expectations. These retail outlets ensure strict quality control, proper labeling, and adherence to safety standards, which are essential in gaining consumer trust.
Certifications such as organic, sustainable, or eco-friendly sourcing also influence consumer choices, reflecting a growing preference for ethically produced foods.
Pricing and promotional strategies are vital in drawing consumers to frozen chicken products. Supermarkets frequently offer discounts, bundle deals, and special promotions to attract shoppers, which significantly impacts sales. These strategies not only enhance consumer interest but also help retailers manage inventory and increase turnover. Furthermore, consumers highly value convenience, and supermarkets and hypermarkets are well-equipped to provide it.
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Country/Region-wise Acumens
How does Increasing Consumers Accelerate the North American Region for the Frozen Chicken Breast Market?
In North America, where busy lifestyles are prevalent, consumers are increasingly seeking convenient and time-saving meal solutions. Frozen chicken offers an ideal solution for effortless meal preparation, allowing for prolonged storage without sacrificing taste or freshness.
Increased consumer demand is expected to propel the frozen chicken breast market in North America. As more people seek simple, healthful, and protein-rich meal options, the popularity of frozen chicken breasts is expected to grow. Trends such as hectic lifestyles, increased meal prep participation, and a greater emphasis on balanced foods all contribute to this expansion. Furthermore, advances in freezing technology and the growing e-commerce grocery sector improve accessibility and appeal, driving industry development in North America.
This convenience appeals to consumers who need hassle-free options to accommodate their hectic schedules. The United States, as a major consumer of poultry, is expected to remain a significant revenue generator for the frozen chicken industry throughout the forecast period.
However, the market faces challenges from rising competition among supermarkets and hypermarkets at the domestic level, which could impact growth to some extent. These retail giants are continuously expanding their product offerings and implementing aggressive pricing strategies, which may create pressure on frozen chicken producers to maintain their market share.
Will Increasing Demand for the Frozen Chicken Breast Emerge in the Asia Pacific Region Market?
The Asia Pacific region is projected to be one of the fastest-growing markets for frozen foods during the forecast period. This growth is primarily driven by increasing demand in emerging economies such as China and India.
Changing eating habits and rising disposable income levels among consumers in these countries are key factors fueling this demand. As more people in the region adopt busier lifestyles and seek convenient meal solutions, the popularity of frozen foods, including frozen chicken, is on the rise.
Additionally, the expanding middle class and their growing purchasing power enable more consumers to afford these convenient food options. This trend reflects a broader shift towards more diverse and easily accessible food products, making the Asia Pacific region a significant and rapidly expanding market for frozen foods.
Competitive Landscape
The frozen chicken breast market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the frozen chicken breast market include
- Tyson Foods, Inc.
- JBS S.A.
- Cargill, Incorporated
- Farbest Foods
- Perdue Farms
- Sanderson Farms, Inc.
- Hormel Foods Corporation
- BRF S.A.
- Pilgrim’s Pride Corporation
- Smithfield Farmland Careers
- Jaqcee Seafood Co.Ltd.
- Agri Globe Company Limited
- Daybrooks Co.
- G C America Inc.
- General Supplies
- BC Natural Chicken, LLC
Latest Developments
- In December 2023, Wayne Farms LLC of Decatur, AL, is recalling 1,377 pounds of frozen ready-to-eat (RTE) chicken breast products that may be overcooked, according to the US Department of Agriculture’s Food Safety and Inspection Service (FSIS).
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Growth Rate | CAGR of ~5.20% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Tyson Foods, Inc., JBS S.A., Cargill, Incorporated, Farbest Foods, Perdue Farms, Sanderson Farms, Inc., Hormel Foods Corporation, BRF S.A., Pilgrim’s Pride Corporation, Smithfield Farmland Careers, Jaqcee Seafood Co.Ltd., Agri Globe Company Limited, Daybrooks Co., G C America Inc., General Supplies, BC Natural Chicken, LLC |
Customization | Report customization along with purchase available upon request |
Frozen Chicken Breast Market, By Category
Type
- Chicken Drumstick
- Chicken Breast
- Chicken Wings
- Chicken Thigh
Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
Product
- Chicken Nuggets
- Chicken Popcorn
- Chicken Fingers
- Chicken Patty
Application
- Home use
- Foodservice
- Further processing
Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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