Market Overview
The-out fried chicken, as the name suggests is an item bought from a store and is consumed off-premises. Increasing demand for fast foods due to busy lifestyles and readily available food markets is boosting the market. The global take-out fried chicken market is expected to grow at nearly 06 percent annual rate. The food industry is already growing at booking speeds and establishment of new food supply chains in nearby areas of commercial or working establishments has accelerated the growth of this market globally. The fried chicken providers are working continuously towards introducing newer and better products to keep the customers attracted and stuck to a provider, which is creating a competitive environment but is also contributing towards market growth.
The global take-out fried chicken market is also getting a considerable response through other delivery methods like telephonic, online, and application-based delivery portals. Such methods are employed because, in this fast-moving world, people prefer not to wait or stand in a long queue but get the product directly. The companies are searching for newer potential markets to improve their revenue figures and are helping the market in getting stronger with time.
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The major negative point for the market is the growing health issues due to the consumption of fast foods and lawsuits against the market players. People are getting more health-conscious with times and prefer healthier ways of eating; hence, the companies are readily making efforts to decrease unhealthy food properties.
Key Players
Prominent players operating in the Global Take-Out Fried Chicken Market include Yum! Brands Inc. (KFC) (US), McDonald’s Corporation (US), GENESIS BBQ (South Korea), Raising Cane’s USA, LLC. (US), Wingstop Restaurants, Inc.(US), Zaxby’s Franchising LLC (US), Gus’s World Famous Fried Chicken (US), Call A Chicken (Canada), Chick-fil-A, Inc. (US), Restaurant Brands International Inc. (Canada), Kyochon F&B Co., Ltd (South Korea), Wendy’s International, LLC (US), Bojangles’ International, LLC (US), and Cajun Operating Company (Church’s Chicken) (US).
Recent Industry News
Global Take-Out Fried Chicken Market has become an essential part of the fast-moving world. The companies are always searching for new recipes to keep the consumers interested. Out of all methods, online methods will be the most significant contributor to market growth. The American market is the key market right now, but the Asia Pacific market will show the fastest growth in the projected time.
Market Segments
Global Take-Out Fried Chicken Market is segmented into three parts:
Type: Fried chicken is available as chicken breasts, chicken wings, nuggets, thighs and in other forms.
End-users: The take-out fried chicken is consumed by children, grown-ups, elderly and others. They are divided based on the age groups like >20 years, 20 to 40 years and others. Age group 20 to 40 years is projected to be a significant customer base.
Supply: Take-out fried chicken items are available through stores, online and offline delivery methods.
Regional Summary
The take-out fried chicken global market is observed based on four major markets, namely, America, Europe, Asia Pacific and The Middle East & Africa.
The American region is the major market and will remain at the top during the projected period due to presence of key market players, already established supply chains, hefty disposable incomes and increasing demand for new flavours and items. Next in the line is The Asia Pacific market. This market will emerge as the fastest growing market due to increasing demand for fast foods, increasing disposable incomes & urbanization and introduction of several international food chains. Rest of the regions are also showing considerable growths due to expanding food industry.
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