The Chicken Bucket Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Chicken Bucket Global Market Report 2024, The chicken bucket market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to fast food industry evolution, consumer preference for convenience, marketing and promotional campaigns, menu diversification, economic factors and affordability.
The chicken bucket market size is expected to see strong growth in the next few years. It will grow to $2.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to health and wellness trends,e-commerce and delivery services,sustainable packaging and practices,cultural fusion and culinary diversity,regulatory changes and nutrition labeling. Major trends in the forecast period include rise of plant-based alternatives, focus on healthier preparation methods, expansion of gourmet and artisanal offerings, cultural fusion and ethnic flavors, personalization and customization.
The rising demand for chicken from developing economies is expected to propel the chicken bucket market going forward. The demand for chicken is increasing due to it being a popular meat choice and its benefits of essential nutrients such as protein, niacin, selenium, and phosphorus. Due to its low-calorie content and high protein content, chicken is especially beneficial for weight loss and maintaining lean body mass. Chicken buckets are disposable packaging with various sizes used for serving chicken. This type of packaging is also used for serving takeaway meals. For instance, according to Veterinaria Digital S.A., a Panama-based international site of reference on veterinary medicine and animal production, in 2021, a total of 4,60,159 metric tons of chicken meat were exported to Asian countries, which was valued at approximately $864 million ($0.8 billion). Furthermore, according to the United States Department of Agriculture Report, a US-based department responsible for developing and implementing federal laws on farming, forestry, rural economic development, and food, China’s chicken meat consumption was expected to reach 15.7 million metric tons in 2021, up 2% from last year, due to pork prices and COVID-19. Therefore, the rising demand for chicken from developing economies is driving the chicken bucket market.
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The chicken bucket market covered in this report is segmented –
1) By Material: Paper and Paperboard, Plastic
2) By Capacity: Less Than 1.0 kg, 2.0 kg, 3.0 kg, More Than 3.0 kg
3) By End User: Foodservice, Institutional, Household
Product innovations are a key trend gaining popularity in the chicken bucket market. Major companies operating in the chicken bucket are introducing innovative products to strengthen their position in the market. For instance, in November 2021, KFC, a US-based fast-food restaurant company that specializes in fried chicken, launched a limited-edition Finger Lickin’ Chicken Mitten Bucket Hugger, which includes fried chicken in a bucket made up of one-of-a-kind knitted sweater that features a festive KFC holiday design. These chicken buckets featured a Winter Chickenland theme to celebrate the holiday season.
The chicken bucket market report table of contents includes:
1. Executive Summary
- Chicken Bucket Market Characteristics
- Chicken Bucket Market Trends And Strategies
- Chicken Bucket Market – Macro Economic Scenario
- Global Chicken Bucket Market Size and Growth
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31. Global Chicken Bucket Market Competitive Benchmarking - Global Chicken Bucket Market Competitive Dashboard
- Key Mergers And Acquisitions In The Chicken Bucket Market
- Chicken Bucket Market Future Outlook and Potential Analysis
- Appendix
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