Take-out Fried Chicken Market Trend Analysis Report by Type (Chicken Breast, Chicken Wings, Chicken Legs, Whole Chicken, and Others), Age Group (Below 20 Years, 20 to 40 Years, and Above 40 Years), Distribution Channel (Offline and Online) & Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
Pages: 300 | Jul-2024 Formats | PDF | Category: Food and Beverage | Delivery: 24 to 72 Hours
Take-out Fried Chicken Market Overview
Take-out Fried Chicken Market is expected to grow rapidly at 5.1% CAGR consequently, it will grow from its existing size of from $13.4 Billion in 2023 to $27.8 Billion by 2030.
For Insights Consultancy presents an extensive market analysis report titled “Take-out Fried Chicken Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.
The report also focuses new trends, major drivers, challenges, as well as opportunities. The report provides all necessary information needed to thrive in the Take-out Fried Chicken industry. This report is about Take-out Fried Chicken market research provides a complete analysis, which includes a comprehensive analysis of the current and future trends in the market.
The take-out fried chicken market has experienced substantial growth driven by consumer demand for convenient, flavorful, and increasingly diverse food options.
Key Market Drivers:
- Consumer Preferences: The busy lifestyles of modern consumers have fueled demand for quick and satisfying meal options.
- Food Delivery Services: The rise of food delivery platforms has significantly contributed to market growth.
- Menu Innovation: Expanding flavor profiles and healthier options have broadened the appeal of fried chicken.
Competitive Landscape:
The market is characterized by a mix of global fast-food chains and local competitors, each vying for market share through menu innovation and marketing strategies.
As consumer tastes evolve, the industry is responding with a focus on variety, convenience, and health-conscious options.
Take-out Fried Chicken Market Trends 2024
The take-out fried chicken market is undergoing significant transformation driven by evolving consumer preferences.
- Health and Wellness Focus: A growing emphasis on healthier options is driving demand for lower-fat and gluten-free alternatives.
- Premiumization: Consumers are seeking elevated experiences, leading to a rise in gourmet and artisanal fried chicken offerings.
- Convenience and Delivery: The convenience of take-out and delivery is a key driver, with a focus on maintaining product quality during transport.
- Sustainability: Consumers are increasingly conscious of environmental impact, driving demand for sustainable sourcing and packaging.
- Flavor Innovation: The market is characterized by a focus on unique flavor combinations and regional specialties.
- Customization: Consumers desire personalized options, from spice levels to side dishes.
- Plant-Based Alternatives: To cater to dietary preferences, many brands are offering plant-based fried chicken options.
- Enhanced Dining Experience: A strong emphasis on branding, packaging, and overall customer experience is shaping the market.
These trends collectively demonstrate a dynamic market landscape where operators must adapt to evolving consumer demands.
Take-out Fried Chicken Market Dynamics
Growth Drivers
- Consumer Behavior: Changing lifestyles, emphasizing convenience and time-saving, are driving demand for take-out options.
- Menu Innovation: The introduction of diverse flavor profiles and product offerings is attracting a broader customer base.
- Delivery and Accessibility: The rise of food delivery services and increased accessibility are boosting market growth.
- Urbanization: The growth of urban populations is contributing to the expansion of the take-out food market.
Market Restraints
- Health Concerns: Growing health consciousness is impacting consumer preferences towards healthier food options.
- Intense Competition: The crowded fast-food landscape creates challenges for market entry and expansion.
- Economic Factors: Economic downturns can affect consumer spending on non-essential items.
- Regulatory and Supply Chain Issues: Compliance with food safety regulations and potential supply chain disruptions can impact the industry.
The take-out fried chicken market is dynamic, with growth opportunities and challenges influenced by evolving consumer tastes and economic conditions.
Take-out Fried Chicken Market Segment Analysis
The take-out fried chicken market is segmented by product type and consumer demographics.
Product Types
- Traditional Fried Chicken: Classic offerings appealing to a broad consumer base.
- Specialty Fried Chicken: Premium options targeting health-conscious and niche markets.
Consumer Demographics
The market caters to a wide range of consumers, including families, young professionals, and students, driven by factors such as convenience, affordability, and taste preferences.
Overall, the market is expanding due to evolving consumer demands and the growing popularity of convenient food options.
By Type
- Chicken Breast
- Chicken Wings
- Chicken Legs
- Whole Chicken
- Others
By Age Group
- Below 20 Years
- 20 to 40 Years
- Above 40 Years
By Distribution Channel
- Offline
- Online
Competitive Landscape of the Take-out Fried Chicken Market
The take-out fried chicken market is highly competitive, with several key players vying for market share.
Fast-Food Giants: KFC and Popeyes dominate the global market with established brands and extensive distribution networks.
U.S.-Focused Chains: Chick-fil-A and Church’s Texas Chicken are strong contenders, particularly in the U.S., with a focus on specific regional tastes.
Niche Players: Wingstop caters to a specific consumer segment with its specialized menu, while Shake Shack offers fried chicken as a complementary product.
- Bojangles OpCo, LLC.
- CFA Properties, Inc.
- Gus Fried Chicken World Famous
- KFC Corporation
- McDonald’s
- Raising Cane’s Chicken Fingers
- Restaurant Brands International Inc
- Wendy’s International (Quality Is Our Recipe, LLC)
- Wingstop Restaurants, Inc.
- Zaxby’s SPE Franchisor LLC
These companies compete based on factors such as brand recognition, menu innovation, pricing, and distribution channels.
New Developments
In August 2021, Bojangles OpCo, LLC. introduced its brand-new, hand-breaded chicken sandwich. The sandwich, known as Bo’s Chicken Sandwich, is crispy, succulent, and bursting with flavor, living up to the high standards set by Bojangles. Nestled between a toasted, buttery bakery bun is a tender, marinated chicken breast, hand-breaded in a crunchy buttermilk coating and seasoned with a secret blend of bold spices. The chicken is complemented by a spread of rich, tangy mayonnaise and garnished with thick slices of dill pickles.
In December 2020, KFC Gaming partnered with Cooler Master to launch the KFConsole today. This unique console features a custom-designed internal cooling system. This system maintains the hardware at an optimal core temperature and channels the system heat around the exterior of the chicken chamber, ensuring a perfectly heated meal while you game.
Take-out Fried Chicken Market Regional Outlook
The take-out fried chicken market exhibits distinct regional characteristics influenced by cultural factors, economic conditions, and consumer preferences.
- North America: A mature market characterized by strong consumer demand, diverse product offerings, and a focus on convenience.
- Europe: A developing market with a growing appetite for fried chicken, although traditional cuisine still dominates.
- Asia-Pacific: A rapidly expanding market driven by urbanization, rising disposable incomes, and the influence of Western fast food.
- Latin America: A market with emerging potential, driven by changing consumer habits and economic growth.
While North America remains the largest market, the Asia-Pacific region is poised for significant growth due to rapid urbanization and evolving consumer tastes.
Frequently Asked Questions:
What is the current size of the Take-out Fried Chicken market?
Take-out Fried Chicken Market is expected to grow rapidly at 5.1% CAGR consequently, it will grow from its existing size of from $13.4 Billion in 2023 to $27.8 Billion by 2030.
What factors are driving the growth of the take-out fried chicken market?
Growth drivers include the increasing popularity of fast food, convenience of take-out and delivery services, rising consumer preference for fried chicken, and innovations in menu offerings.
What are the main types of take-out fried chicken available in the market?
Main types include traditional fried chicken, spicy fried chicken, and other regional or specialty variations.
What distribution channels are significant in the take-out fried chicken market?
Significant distribution channels include online ordering platforms, delivery services, and in-store take-out options.
Which regions are experiencing the highest growth in the take-out fried chicken market?
Regions with high growth include North America, Asia-Pacific, and Europe, driven by strong demand and expanding foodservice networks.
Key Benefits to Stakeholders:
- This study offers a quantitative examination of Take-out Fried Chicken Market trends, estimations, and dynamics from 2023-2030 to identify potential opportunities in this space.
- Porter’s five forces study emphasizes the value of buyers and suppliers in helping stakeholders to make profitable business decisions while expanding their network.
- Undergoing in-depth analyses on market size and segmentation is vital in identifying current Take-out Fried Chicken Market opportunities.
- Each region’s largest countries are mapped according to their revenue contribution for an accurate picture of this global industry.
- The Take-out Fried Chicken Market research report offers a thorough examination of its major players. As such, purchasing this report provides many advantages to any organization looking to enter this competitive industry.
Reasons to Purchase Take-out Fried Chicken Market Report:
- Current and Future Prospects of Take-out Fried Chicken Market in both developed and emerging markets.
- Porter’s Five Force Analysis to help analyze various perspectives within this market. Major regions should experience rapid increases during this time.
- Uncover the most up-to-date industry developments, Take-out Fried Chicken Market shares, and top market players’ strategies.
Research Methodology:
To estimate and validate the size of the Take-out Fried Chicken Market as well as several of its dependent submarkets in its entirety, both top-down and bottom-up methodologies were used. Secondary research identified key players within the market while primary sources and verified primary sources provided an accurate picture of all percentage share breakdowns and splits within this global industry.
Table of Contents
- Market Overview and Segmentation
- Global Take-out Fried Chicken Market Size and Forecast (2024-2030)
- Global Market by Type (2024-2030)
- Traditional Fried Chicken Market Size and Forecast (2024-2030)
- Spicy Fried Chicken Market Size and Forecast (2024-2030)
- Global Market by Distribution Channel (2024-2030)
- Online Ordering Market Size and Forecast (2024-2030)
- Delivery Services Market Size and Forecast (2024-2030)
- In-store Take-out Market Size and Forecast (2024-2030)
- Global Market by Region (2024-2030)
- North America Global Market Size and Forecast (2024-2030)
- Europe Global Market Size and Forecast (2024-2030)
- Asia-Pacific Global Market Size and Forecast (2024-2030)
- Latin America Global Market Size and Forecast (2024-2030)
- Middle East & Africa Global Market Size and Forecast (2024-2030)
- Competitive Landscape of Global Market (2024-2030)
- Key Players in the Global Market and Their Market Share (2024-2030)
- Recent Developments and Innovations in Global Market
- Market Drivers and Restraints for Global Market (2024-2030)
- Opportunities and Challenges in Global Market (2024-2030)
- Technological Advancements in Global Market (2024-2030)
- Regulatory and Compliance Considerations in Global Market
- Investment Analysis and Funding Opportunities in Global Market
- SWOT Analysis of Key Players in Global Market
- Future Outlook and Projections for Global Market (2024-2030)
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