Take-out Fried Chicken Industry Analysis
The global take-out fried chicken market is anticipated to touch USD 8,252.9 million at a 5.47% CAGR between 2017-2025, states the latest Market Research Future (MRFR) report. Take-out fried chicken, simply put, are fried chicken that is ordered at a fast food outlet and eaten off-premise. It can be ordered as doorstep delivery through telephonic ordering or online portals or as a takeaway. Nuggets, drumsticks, breasts, and wings, among others, are some of the best fried chicken take-out options available.
Various factors are propelling the take-out fried chicken market growth. Such factors, according to the latest Market Research Future report, include the increase in multinational fast food restaurant chains, booming fast food industry, convenience, and ease of food delivery through the medium of online food apps, and expansion of multinational fast food restaurant chains, especially in new regional territories. Increasing preference for convenience food products such as best take-out fried chicken coupled with the rising number of fast-food consumers owing to busy lifestyles will result in the continuation of fried chicken trends.
On the contrary, the ambiguity about the health concerns related to the consumption of fast food products such as fried chicken take-out, increasing trend of healthy eating, and negative publicity due to rising number of lawsuits are factors that may impede the take-out fried chicken market growth during the forecast period.
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Market Segmentation
The Market Research Future report provides an all-inclusive segmental analysis of the take-out fried chicken market based on distribution channel, product type, and age group.
By product type, the take-out fried chicken market is segmented into nuggets, drumsticks, breasts, wings, and others. Of these, the breast segment will lead the market during the forecast period for the burgeoning demand in Europe and North America. This will be followed by the nuggets segment, which will grow at the highest CAGR for ease of preparation, low cost, introduction of flavors and tastes, and growing popularity in developing countries.
By age group, the take-out fried chicken market is segmented into above 40, 20-40, and below 20. Of these, the 20-40 segment will dominate the market during the forecast period for the increasing inclination towards fast food. This will be followed by the below 20 segment for the burgeoning demand for exotic and innovative flavors of fried chicken by people below 20 years.
By distribution channel, the take-out fried chicken market is segmented into online & offline delivery and takeaway. Of these, the takeaway segment will have the maximum share in the market during the forecast period for the preference for takeaways in South America, Europe, North America, and some countries of the Asia Pacific. The online & offline delivery segment will grow at the highest CAGR for the convenience that it offers consumers.
Regional Analysis
By region, the take-out fried chicken market report covers the latest trends and growth opportunities across Europe, North America, the Middle East, the Asia Pacific, and the Rest of the World. Of these, North America will dominate the market during the forecast period. Growing demand for fast food and the presence of many local and multinational fast food restaurant chains in the region are adding to the growth of the market. The US is the major contributor in the region.
The take-out fried chicken market in the APAC region will grow at the highest CAGR during the forecast period for the expansion of multiple fast food restaurant chains in the region.
The take-out fried chicken market in Europe will have a significant share during the forecast period, and that in the Middle East and the RoW will have a steady growth.
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Key Players
Notable players profiled in the take-out fried chicken market report include Cajun Operating Company (Church's Chicken) (US), Bojangles’ International, LLC (US), Wendy’s International, LLC (US), Kyochon F&B Co., Ltd (South Korea), Restaurant Brands International Inc. (Canada), Chick-fil-A, Inc. (US), Call A Chicken (Canada), Gus's World Famous Fried Chicken (US), Zaxby’s Franchising LLC (US), Wingstop Restaurants, Inc.(US), Raising Cane’s USA, LLC. (US), McDonald's Corporation (US), and Yum! Brands Inc. (KFC) (US).
Industry News
November 2019: A&W will soon launch vegan chicken nuggets made with pea protein while the dips will be sweet n sour and BBQ.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Some of its common examples include makeup and foot powders.
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Freshly baked cookies are sold through online retailing channels and bakeries.
Other types of processed cookies are sold through hypermarkets, convenience stores, superstores, specialty stores, and others.Competitive DashboardThe noteworthy players operating the global market are Burton's Biscuit Company, Kellogg Co, Leibniz-Keks, Britannia Industries, United Biscuits, Nestlé SA, Want Want Group, Jiashili Group Limited, Mars Inc., Mondelēz International, Kraft Foods, and Lotus Bakeries NV.Drivers and Constraints Impacting the MarketWith the increasing number of cafes across the world, the global market for cookies is presumed to expand at a rapid pace.
Consumers prefer light snack with hot beverages such as biscuits and cookies which are further considered to impact the global market positively.
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Native starch is the purest form of starch sans chemical additives.
This starch can be obtained from various sources, including cassava, potato, rice, wheat, and corn.
Native starch is widely used in various food products for enhancing the texture, controlling the moisture, stabilizing, as a dough binding agent, thickening agent, and others.
Native starch has a wide range of applications including cosmetics industry, paper making industry, pharmaceutical industry, food industry, and others.
As it is biodegradable and renewable, native starch is also an ideal raw material as an alternative for fossil-fuel components in various chemical applications including glues, detergents, and plastics.
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5G technology is anticipated to replace existing wireless technologies in the forthcoming years.
The technology’s robust attributes meet the dynamic needs of the constantly evolving wireless communication landscape.
The emergence of the fifth-generation network technology has allowed integration of technologies such as augmented and virtual reality for 3D and ultra-high definition videos and haptic feedback applications.
Such developments necessitate high-speed connectivity, which creates market opportunities for 5G technology.
Moreover, the growing demand for mobile broadband services and the growing application of IoT across industry verticals is also expected to have a positive impact on the market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2988Major Key playersTelefonaktiebolaget LM EricssonVerizonHuawei Technologies Co. Ltd.Qualcomm Technologies Inc.SamsungMediaTek Inc.China Mobile Limited.Cisco Systems, Inc.AT Inc.NTT DOCOMO, Inc.Segmentation:MRFR’s study includes a thorough segmental analysis of the market based on communication infrastructure, service, network technology, chipset type, application, and region.
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On the contrary, the increasing cost of raw materials and scarcity of skilled workers are factors that may restrict the luxury furniture market growth over the forecast period.
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Moreover, the growth of internet of things is another major factor driving the growth of digital door lock systems market.
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The growth in the market is also attributed to increasing focus of business organizations towards digitization and growing adoption of digital door lock systems by residential and corporate sectors.
In the global digital door lock systems market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing focus on the security of people and increasing implementation of digital solutions across different countries in the region.The global digital door lock systems market is projected to reach USD 14 billion at a CAGR of over 33% by the end of the forecast period, 2020-2027.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
