Monday, October 2, 2023

Report: Take-out fried chicken market to grow by $1.9B

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NEW YORK — The “Take-out Fried Chicken Market by Distribution Channel (offline and online) and Geography (North America, APAC, Europe, South America, and MEA) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering.

The report notes that 39 percent of the market’s growth will originate from APAC (Asia and Pacific) during the forecast period. China and Japan are the key markets for take-out fried chicken in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The potential growth difference for the take-out fried chicken market between 2021 and 2026 is $1.92 billion, Technavio said.

The growth of global multinational fast-food chains and growing doorstep delivery are some of the key market drivers, the company noted, adding that factors such as consumer awareness regarding health-risks associated with fast-food consumption will challenge market growth. The holistic analysis of the drivers and challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This take-out fried chicken market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.

The take-out fried chicken market report is segmented by distribution channel (offline and online) and geography (North America, APAC, Europe, South America, and MEA).

The take-out fried chicken market share growth by the offline segment will be significant for revenue generation. Fried chicken can be ordered from fast-food outlets as a takeaway through offline channels. Additionally, offline delivery options such as drive-thru and curbside pickups are also offered by vendors in the market. Due to consumer preference for contact-less takeaways and the convenience of drive-thru options, the offline distribution channel will continue to boost the growth of the market during the forecast period.

For the complete report, and more information, visit technavio.com.

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