Introduction
In recent years, the convenience food industry has seen a surge in innovations, particularly in the area of freezer-ready and oven-baked breaded chicken products. These products offer consumers a quick and easy meal solution without sacrificing taste or quality. This report will delve into the trends, financial data, and key players in this growing market segment.
Market Overview
The market for freezer-ready and oven-baked breaded chicken products has been steadily growing, driven by busy lifestyles and the desire for convenient, yet tasty meal options. Consumers are increasingly looking for products that require minimal preparation time and offer a high level of convenience. This trend has led to the rise of products such as frozen breaded chicken tenders, nuggets, and patties that can be quickly cooked in the oven.
Industry Trends
One of the key trends in the market is the focus on healthier options. Consumers are becoming more health-conscious and are looking for products that are lower in fat, calories, and sodium. As a result, many manufacturers are now offering freezer-ready and oven-baked breaded chicken products that are made with whole grains, lean proteins, and natural ingredients.
Market Size and Growth
According to market research firm Statista, the global market for frozen food products, including breaded chicken, was valued at $291.8 billion in 2020 and is projected to reach $380 billion by 2025. This represents a compound annual growth rate of 5.4%. The freezer-ready and oven-baked breaded chicken segment is expected to be a significant contributor to this growth.
Key Players
Several major food companies have entered the freezer-ready and oven-baked breaded chicken market, capitalizing on the demand for convenient meal solutions. Some of the key players in this segment include Tyson Foods, Inc., Perdue Farms, Pilgrim’s Pride Corporation, and Bell & Evans.
Tyson Foods, Inc.
Tyson Foods, Inc. is one of the largest food companies in the world, with a strong presence in the poultry market. The company offers a wide range of freezer-ready and oven-baked breaded chicken products, including chicken tenders, nuggets, and strips. In 2020, Tyson Foods reported net sales of $42.3 billion.
Perdue Farms
Perdue Farms is a family-owned company known for its high-quality poultry products. The company has a strong focus on sustainability and animal welfare. Perdue Farms offers a variety of freezer-ready and oven-baked breaded chicken products, such as chicken patties and strips. In 2020, Perdue Farms reported annual sales of $7.5 billion.
Pilgrim’s Pride Corporation
Pilgrim’s Pride Corporation is a leading poultry producer, offering a range of frozen chicken products, including breaded chicken tenders and nuggets. The company has a strong presence in the freezer-ready and oven-baked breaded chicken market. In 2020, Pilgrim’s Pride reported net sales of $11.8 billion.
Bell & Evans
Bell & Evans is a premium poultry producer known for its organic and antibiotic-free chicken products. The company offers a variety of freezer-ready and oven-baked breaded chicken options, such as gluten-free chicken tenders and nuggets. In 2020, Bell & Evans reported annual sales of $500 million.
Conclusion
The freezer-ready and oven-baked breaded chicken market is poised for continued growth as consumers seek convenient and healthy meal options. Major food companies such as Tyson Foods, Perdue Farms, Pilgrim’s Pride Corporation, and Bell & Evans are leading the way in this segment, offering a wide range of products to meet consumer demand. With the market projected to reach $380 billion by 2025, the future looks bright for freezer-ready and oven-baked breaded chicken innovations.
