Global Take Out Fried Chicken Market Size By Product Type (Wings, Breast, Drumsticks, Thighs, Nuggets), By Age Group (Below 20, 20–40, Above 40), By Distribution Channel (Take Away, Online & Offline Delivery), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Take Out Fried Chicken Market Size By Product Type (Wings, Breast, Drumsticks, Thighs, Nuggets), By Age Group (Below 20, 20–40, Above 40), By Distribution Channel (Take Away, Online & Offline Delivery), By Geographic Scope And Forecast
Take Out Fried Chicken Market Size And Forecast
Take Out Fried Chicken Market size was valued at USD 6.90 Billion in 2023 and is projected to reach USD 11.61 Billion by 2031, growing at a CAGR of 6.2% from 2024 to 2031.
- Takeout fried chicken is a dish that cuts across borders and cultures presenting a delicious combination of crispy crust and juicy aromatic flesh. It is originated in numerous places of the world including the Southern United States, Korea, and Japan, and has since become a global favorite valued for its luxurious taste and convenience. Whether it’s a quick lunch on the run, a comforting pleasure at gatherings, or a centerpiece for celebrations, takeout fried chicken has a special place in the hearts and palates of foodies all over the world.
- Takeout fried chicken has many applications beyond just being a wonderful meal option, it is used in a wide range of circumstances and contexts where this classic dish plays an important role. It is used in a variety of situations from casual family gatherings to formal parties, from quick meals on the run to sophisticated culinary experiences, demonstrating its versatility and worldwide appeal.
- The future of takeout fried chicken looks hopeful, thanks to changing consumer preferences, technology improvements, and shifts in the food service sector environment. As we look ahead, numerous major trends and advancements are poised to alter the utilization and demand for takeout fried chicken reshaping how customers consume, receive, and experience it.
Take Out Fried Chicken Market Dynamics
The key market dynamics that are shaping the global take-out fried chicken market include
Key Market Drivers
- Convenience and Accessibility The convenience provided by take-out fried chicken is one of the key reasons for its appeal among consumers. With increasingly busy lifestyles and stressful schedules many individuals prefer to order food for takeout or delivery rather than cooking at home. Fried chicken as a classic comfort dish appreciated by people of all ages, has a special place in the hearts and tastes of consumers. Its appeal originates from its ability to provide a quick and fulfilling dinner alternative making it great for people looking for a simple yet delicious dining experience.
- Affordability and Value Proposition Another important factor driving demand for take-out fried chicken is its low cost and value. Fried chicken is frequently regarded as a low-cost dinner option providing generous amounts at moderate costs making it an appealing choice for economical shoppers. Many take-out fried chicken restaurants provide combo meals, family packs, and value offers providing customers with a filling meal at a reasonable price. This pricing feature appeals to a diverse spectrum of customers including families, students, and individuals searching for a filling yet inexpensive meal option.
- Flavor Innovation and Customization The changing food scene and consumer preferences are fueling innovation in the world of fried chicken with many take-out restaurants offering a wide range of flavor selections and customizing options. Take-out fried chicken restaurants frequently experiment with different seasoning blends, sauces, and sauces to produce distinct flavor profiles that cater to the diverse tastes and preferences of their customers. From traditional Southern-style fried chicken to spicy Korean-inspired versions the variety of taste options enhances and excites the take-out fried chicken experience.
Key Challenges
- Maintaining Quality and Consistency Maintaining quality and consistency in take-out fried chicken can be challenging. Unlike dine-in experiences where the food is served immediately after preparation, take-out orders frequently require a wait between cooking and eating. This delay can reduce the quality of the fried chicken resulting in wetness, loss of crispiness, and changes in flavor and texture. Ensuring that the fried chicken maintains its ideal taste, texture, and overall quality from the kitchen to the customer’s door is a crucial task for take-out restaurants.
- Customer Expectations and Satisfaction In the competitive take-out fried chicken sector, meeting and exceeding consumer expectations is crucial for success. Consumer loyalty plays a big role. However, maintaining consistently high levels of customer satisfaction is a significant task because it demands not only delicious and fresh fried chicken but also great service throughout the ordering and delivery process. Order accuracy, service speed, reaction to customer requests or complaints, and overall eating experience all have a significant impact on customer views and loyalty.
- Competitive Landscape and Market Dynamics The take-out fried chicken market is highly competitive with multiple firms competing for market share and consumer attention. In such a saturated market, take-out establishments face substantial challenges in distinguishing themselves and attracting the attention of potential clients. In addition, changing consumer tastes, rising culinary trends, and external variables like economic fluctuations or health emergencies can all have an impact on market dynamics and consumer behavior demanding ongoing adaptation and innovation to remain competitive.
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Global Take-Out Fried Chicken Market Regional Analysis
Here is a more detailed regional analysis of the global take-out fried chicken market
North America
- North America’s dominance in the fast-food business is largely due to the availability and accessibility of such options. Fast food has become more convenient and accessible than ever before desirable to consumer’s busy lifestyles and on-the-go dining preferences. Whether they need a quick eat on their lunch break, a late-night snack, or a simple family meal option, customers have come to rely on fast-food restaurants for convenience and efficiency.
- They have a strong infrastructure and supply chain network that allows fast-food restaurants to operate efficiently and economically. Fast-food chains in the region can maintain consistent product quality, reduce waste, and improve operational efficiency thanks to advanced logistical capabilities, efficient distribution networks, and strategic collaborations with suppliers and vendors. This infrastructure helps fast-food businesses address the needs of a vast and diverse client base while remaining competitive in a volatile and fast-paced industry.
- North America’s position as a major market participant in the fast-food business is supported by its strong infrastructure, widespread availability of international fast-food chains, cultural preference for convenience dining, and continual food innovation. With a broad menu selection quick eating options and a strong emphasis on customer service, North America continues to set the global standard for fast-food consumption driving industry growth and impacting consumer tastes in the area and beyond.
Asia Pacific
- The rising disposable income and urbanization rates in many Asia Pacific countries have increased demand for convenient and economical dining options resulting in the development of fast-food outlets. As more people move to cities in a mission of greater economic prospects, there is a growing desire for quick and efficient meal options that fit into hectic urban lifestyles. Fast-food restaurants with their emphasis on speed and convenience have developed as popular eating options for city inhabitants seeking on-the-go dining experiences.
- Western cuisine culture and globalization have had a profound impact on Asia Pacific’s fast-food sector. The rise of foreign fast-food franchises including McDonald’s, KFC, Burger King, and Subway, has introduced Western-style fast-food concepts and menu options to Asian consumers boosting demand and driving industry growth. These multinational fast-food firms use their brand awareness, marketing knowledge, and established operational processes to enter new regions and capitalize on the growing hunger for Western-style fast food among Asian consumers.
- The Asia Pacific area is set to emerge as a key growth engine for the global fast-food business owing to a mix of reasons including increased disposable income, urbanization, shifting customer preferences, and the influence of Western food culture. As fast-food restaurants continue to innovate, localize, and expand their footprint in the region’s different markets they are well-positioned to benefit from Asian customers’ growing need for convenient, inexpensive, and indulgent eating experiences
Global Take Out Fried Chicken MarketSegmentation Analysis
The Global Take Out Fried Chicken Market is segmented based on Product Type, Age Group, Distribution Channel, and Geography.
Take Out Fried Chicken Market, By Product Type
- Wings
- Breast
- Drumsticks
- Thighs
- Nuggets
Based on Product Type, the market is Wings, Breasts, Drumsticks, Thighs, and Nuggets. The breast segment is anticipated to dominate the market, attributed to the perception of light chicken breast pieces as healthier compared to dark meat. These pieces maintain flavor and juiciness when deep-fried resulting in a desirable crispy texture and moist interior enhancing consumer preference.
Take Out Fried Chicken Market, By Age Group
- Below 20
- 20–40
- Above 40
Based on Age Group, the market is divided into Below 20, 20–40, and Above 40. The Below-20 Age Group is projected to hold a major share of the market. The below-20 age group comprises predominantly teenagers, primarily students, who heavily consume fast-food products like fried chicken. The 20-40 and above 40 age groups consist mainly of the working population. The growth in this segment is expected to be influenced by busy schedules and lifestyle changes. As the working population seeks convenient dining options to fit their hectic routines the demand for fast-food products including fried chicken is anticipated to rise among both younger consumers and busy professionals driving market growth across age demographics.
Take Out Fried Chicken Market, By Distribution Channel
- Take Away
- Online & Offline Delivery
Based on the Distribution Channel, the market is segmented into Take Away, Online & Offline Delivery. The Take Away segment is anticipated to dominate the market share, reflecting a preference for convenient dining options among consumers. With increasing urbanization, busy lifestyles, and a growing demand for on-the-go meals, takeaway services provide a convenient solution for consumers seeking quick and hassle-free dining experiences. This segment’s prominence underscores the importance of accessibility, efficiency, and convenience in catering to evolving consumer needs and preferences by driving sustained growth and market leadership within the food service industry.
Take Out Fried Chicken Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Global Take Out Fried Chicken Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is anticipated to command a significant share of the market primarily due to the presence of numerous multinational fast-food restaurant chains. The region boasts a rich cooking landscape with iconic brands like McDonald’s, Burger King, and KFC, which have established a strong foothold and loyal customer base across the continent. The widespread availability and popularity of these well-known fast-food chains contribute to North America’s dominance in the market making it one of the key regions driving growth and innovation in the fast-food industry.
Key Players
The Global Take Out Fried Chicken study report will provide valuable insight with an emphasis on the global market. The major players in the market are Yum! Brands Inc. (KFC), McDonald’s Corporation, GENESIS BBQ, Raising Cane’s USA, LLC, Wingstop Restaurants, Inc., Zaxby’s Franchising LLC, Gus’s World Famous Fried Chicken, Call A Chicken, Chick-fil-A, Inc. and Restaurant Brands International Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Take Out Fried Chicken Market Recent Developments
- In January 2021, KFC debuted its Best Chicken Sandwich Ever. After a successful test run in Orlando last year, the fried chicken masters are kicking off 2021 by introducing a new, premium chicken sandwich to all 4,000 KFC stores in the US.
- In August 2021, Bojangles introduced a new fried chicken sandwich. The Charlotte-based chicken chain teased the release of its new Bo’s Chicken Sandwich last month, solidifying its position among competitors.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2020-2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Period | 2020-2022 |
UNIT | Value (USD Billion) |
Key Companies Profiled | Yum! Brands Inc. (KFC), McDonald’s Corporation, GENESIS BBQ, Raising Cane’s USA, LLC, Wingstop Restaurants, Inc., Zaxby’s Franchising LLC, Gus’s World Famous Fried Chicken, Call A Chicken, Chick-fil-A, Inc. |
Segments Covered | By Product Type, By Age Group, By Distribution Channel, and By Geography |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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
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