Market Overview

Global Take-Out Fried Chicken Market is poised to record a CAGR of 5.50% to hit USD 9.85 Billion by 2030. 

Market Dynamics

According to take-out fried chicken market researchers, the global market is expected to rise as a result of factors such as the fast-food industry's expanding expansion as well as its success. The worldwide take-out fried chicken market is expected to grow at a high rate over the forecast period. The market's growth can be ascribed to the fast-food industry's success and the spread of worldwide fast-food chains. Due to busy lifestyles and rising desire for convenience foods, such as fried chicken, the number of fast-food customers has increased over the previous two decades. The expansion of global fast-food franchises into new geographic regions and the creation of a variety of shops is helping to boost fried chicken sales. In the approaching years, the ease and convenience of food distribution via online food applications is predicted to drive up global demand for fried chicken.

During the projected period, however, the take-out fried chicken market will experience hurdles and restrictions as people become more conscious of health risks and concerns.

Segmental Analysis

The Take-Out Fried Chicken Market has been divided into age groups, distribution channels, geographic regions, and product types.

The market is divided into three categories based on the age group: over 20, 20–40, and above 40. The 20-40 age group accounted for the largest market share in 2018 due to their high proclivity for fast food. During the predicted period, however, segments of the under 20 age group are expected to expand at the quickest CAGR.

The global market for take-out fried chicken is further divided into takeaway and online offline delivery based on distribution channel. Customers are opting for food delivery due to the convenience given by online and offline distribution of fried chicken.

Furthermore, the market is divided into breast, drumsticks, nuggets, thighs, wings, and others based on product type. The nuggets category is expected to grow at the fastest rate during the forecast period, owing to the growing popularity of chicken nuggets, particularly in emerging nations, as well as the introduction of new tastes and flavours, cheap cost, and convenience of preparation.

Regional Overview

The global market's geographical overview was conducted in four major regions: Asia Pacific, North America, Europe, and the rest of the world.

North America is expected to account for the biggest proportion of overall demand for take-out fried chicken throughout the forecast period. In 2018, the region's economy accounted for 31.11 percent of global GDP. The United States has made a substantial contribution to the growth of the take-out fried chicken sector in North America. The existence of several worldwide and local fast food restaurant chains in North America, as well as rising fast food demand, are fueling the region's consumer growth.

The Asia-Pacific region, on the other hand, is predicted to grow at the fastest rate during the forecast period. The rise of the area economy can be traced to the expansion of numerous fast food restaurant companies. Increased customer demand for fast foods like fried chicken, as well as the expansion of the food delivery sector, are driving the growth of the take-out fried chicken market in these countries.

Europe accounted for a substantial portion of the market in 2018. The adoption of a healthier lifestyle by the residents of the region is predicted to reduce the growth of demand in the region.

Competitive Dynamics

Market Research Future recognizes 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 FB Co., Ltd (South Korea), Wendy’s International, LLC (US), Bojangles’ International, LLC (US), and Cajun Operating Company (Church's Chicken) (US) as the Key Take-Out Fried Chicken Market Players in the world.