The price trend of frozen chicken in the first and second quarters of 2023 faced significant challenges driven by global food material inflation. In the US, food material costs surged due to high labor expenses, disruptions caused by the Russia-Ukraine war, and sluggish export rates, all contributing to frozen chicken price growth constraints. The war also disrupted global supply chains, impacting various food products. Slow post-COVID recovery in the US food market added to the frozen chicken market woes. Meanwhile, Egypt experienced a similar trend, with an influx of Brazilian imports leading to excessive inventories and subsequently reduced frozen chicken prices, affecting traders negatively.
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Definition
Frozen chicken refers to poultry meat, typically chicken, that has been chilled to extremely low temperatures to preserve its freshness and extend its shelf life. This process involves quick freezing to temperatures below -18°C (0°F) to inhibit bacterial growth and enzymatic activity. Frozen chicken retains its nutritional value, texture, and flavor when properly stored and thawed. It is a convenient and widely available source of protein, commonly used in various culinary applications, including roasting, grilling, frying, and stewing. Frozen chicken is a versatile ingredient in the food industry, offering ease of storage and preparation.
Key Details About the Frozen Chicken Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Frozen Chicken in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Frozen Chicken Price chart, including India Frozen Chicken price, USA Frozen Chicken price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Frozen Chicken Price Trend:
Frozen chicken is a versatile ingredient with numerous industrial applications. In the food industry, it serves as a convenient and cost-effective source of poultry protein for various products such as frozen dinners, processed meats, and fast-food items like nuggets and patties. Foodservice establishments, such as restaurants and cafeterias, rely on frozen chicken for consistency and convenience in meal preparation. Additionally, frozen chicken is utilized in the production of pet food and animal feed. Its extended shelf life and easy storage make it a valuable commodity for global trade and distribution, ensuring a steady supply of chicken products year-round and supporting food security initiatives worldwide.
Key Players:
- Tyson Foods
- Smithfield Farmland Carrers
- Farbest Foods
- Agri Globe Company
- Golden Broilers
- GC America
- Wazico Traders
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