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FRIED CHICKEN FRANCHISES MARKET REPORT OVERVIEW
The Fried Chicken Franchises Market size was valued at approximately USD 50 billion in 2023 and is expected to reach USD 70 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4.5% from 2023 to 2032
Fried chicken franchises are well known over the globe, offering fresh, flavorful chicken to clients who pine for this classic comfort food. Maybe the foremost celebrated fricasseed chicken franchise universally, KFC includes a presence in over 145 nations. Known for its mystery blend of 11 herbs and flavors, KFC offers an collection of fricasseed chicken choices, counting special formula, extra fresh, and fiery. Known for its Cajun-inspired fricasseed chicken and signature sides like red beans and rice and buttermilk rolls, Popeyes may be a well known fricasseed chicken establishment, particularly inside the United States and all around.
Whereas basically known for its chicken sandwiches, Chick-fil-A moreover offers breaded and fried chicken options. Known for its customer benefit and commitment to quality, Chick-fil-A features a steadfast following in the United States. These are just some illustrations of fried chicken franchises, each with its claim special flavors and offerings. The notoriety of fried chicken as a comfort food guarantees that there are numerous alternatives accessible for business visionaries looking to contribute in a fried chicken franchise.
COVID-19 Impact: Market Growth was a Boon for the Franchises Offering Takeouts and Deliveries with Foot Restrictions in the Phase of COVID-19
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Numerous regions actualized limitations on indoor feasting to control the spread of the infection. This constrained fried chicken franchises to pivot their business models towards takeout, delivery, and drive-thru services. Franchises that already had robust delivery and online ordering systems in place were superiorly positioned to adjust to these changes. Fear of contracting the infection driven to changes in buyer behavior, including a decrease in dine-in visits to restaurants. Instead, numerous consumers opted for takeout or delivery options to appreciate their favorite fried chicken meals from the comfort and security of their homes.
LATEST TRENDS
"Healthier Options and Global Flavours to Put on a Spurt in the Market Growth"
With growing buyer interest in more beneficial eating habits, fried chicken establishments have been introducing menu items with more advantageous profiles. This incorporates choices like barbecued chicken, servings of mixed greens, and sides made from new, natural ingredients. Also, there's a rise in demand for plant-based choices, inciting a few franchises to offer meatless or vegan chicken substitutes. There's a developing interest in Global flavors and cuisines, motivating fried chicken establishments to explore with global seasonings and sauces. Korean-style fried chicken, in specific, has been picking up attention for its one of a kind flavors and preparation methods. Franchises are to draw inspiration from other cuisines, such as Caribbean, Mexican, or Center Eastern, to offer different and energizing menu alternatives.
FRIED CHICKEN FRANCHISES MARKET SEGMENTATION
By Type
Based on type the global market can be categorized into fried chicken and fried chicken burgers and sandwiches.
- Fried Chicken: This is ordinarily the lead recipe of numerous fried chicken franchises. It regularly features an exclusive blend of herbs and flavors, resulting in a distinctive flavor profile. For those who cherish their fried chicken extra crunchy, additional crispy versions are accessible. These may involve additional breading or diverse cooking techniques to achieve greatest crispiness. Hot fried chicken is prepared with flavors or hot sauce to add heat and flavor. Diverse establishments offer varying levels of spiciness to cater to different inclinations. Whereas not traditionally fried, a few establishments offer barbecued chicken as a more advantageous alternative. It's frequently seasoned additionally to fried chicken but cooked on a flame broil for a lighter alternative. These are strips of chicken breast that are breaded and fricasseed. They're regularly served as a helpful choice for plunging in sauces. Chicken wings are a popular finger food, regularly served with different sauces or seasonings. They come totally different styles, counting conventional, boneless, and flavored.
- Fried Chicken Burgers and Sandwiches: A breaded and fried chicken fillet served on a bun with garnishes such as lettuce, tomato, and mayonnaise. It's a staple menu item at numerous fried chicken franchises. Comparative to the classic chicken sandwich, but with a spicy bend. The chicken fillet is prepared with flavors or hot sauce to add heat and flavor. This sandwich highlights a fried chicken filet topped with fresh bacon, farm dressing, lettuce, and tomato. It offers a combination of savory flavors. Fried chicken topped with grill sauce, coleslaw, and pickles, served on a bun. It combines the tangy sweetness of grill sauce with the crunchiness of fried chicken. A unique bend on the classic chicken and waffles dish, this sandwich highlights fried chicken between two waffles, frequently sprinkled with syrup or honey butter. Fried chicken tossed in buffalo sauce and served on a bun with lettuce, tomato, and blue cheese or farm dressing. It offers a hot and tangy flavor profile.
By Application
Based on application the global market can be categorized into convenience store, supermarket and shopping mall.
- Convenience Store: Fried chicken pieces, chicken tenders, or chicken sandwiches can be pre-packaged and shown in heated cabinets or store counters for clients to grab quickly while they're on the go. Convenience stores can offer supper combos that include fried chicken together with sides like potato wedges, coleslaw, or rolls, giving clients with a total and fulfilling feast alternative. Individual chicken pieces or chicken tenders can be sold in littler parcels, idealize for clients searching for a fast nibble or a littler feast choice. Convenience stores can promote fried chicken nearby refreshment pairings like soft drinks, frosted teas, or vitality drinks to offer clients a helpful supper arrangement.
- Supermarket: Supermarkets with store counters can offer naturally arranged fried chicken by the piece, permitting clients to choose their favored amount and blend of white and dark meat. Supermarkets can offer fried chicken as portion of their ready-to-eat supper alternatives, where clients can select from a assortment of sides and entrees to make a total dinner to take home. Bigger parcels of fried chicken, such as family packs or party platters, can be advertised for clients looking to bolster a gather or have social occasions. Supermarkets can too stock solidified fried chicken items that clients can buy and heat up at home, giving a helpful choice for those looking to stock up on simple dinner arrangements.
- Shopping Mall: Fried chicken franchises can have a presence in shopping center food courts, advertising freshly arranged chicken suppers together with sides and refreshments to customers trying to find a fast nibble to eat. Kiosks or stands found all through the shopping center can offer grab-and-go choices like chicken tenders, sandwiches, or chicken strips for clients to appreciate whereas they shop. Mall-based fried chicken establishments can offer combo deals or feast bundles that incorporate fried chicken, sides, and drinks at a reduced cost, pulling in customers looking for value. Fried chicken establishments in shopping centers can run promotions or have occasions such as tasting sessions or giveaways to draw in customers and drive foot activity to their areas.
DRIVING FACTORS
"Convinience, Accessibility and Value for Money to Grip Up the Market Sales"
Fried chicken establishments that prioritize comfort and availability are more likely to attract clients. This includes convenient areas, amplified working hours, drive-thru benefit, online ordering, and conveyance choices. Giving numerous ways for clients to access their favorite fricasseed chicken suppers upgrades client fulfillment and comfort. Advertising value-priced feast alternatives, combo bargains, and advancements makes a difference draw in budget-conscious clients and drive deals. Giving liberal parcels, feast bundles, and reasonable estimating whereas keeping up quality guarantees clients feel they are getting esteem for their money.
"Varieties of Menu and Spice Varieties to Fiercely Grow the Market Shares"
Offering a differing menu with a assortment of fried chicken alternatives, sides, sauces, and refreshments requests to a broader extend of tastes and inclinations. Franchises that persistently improve and present unused menu things or limited-time offers keep clients locked in and coming back for more. Fiery fried chicken has been picking up ubiquity, with buyers looking for bolder and more flavorful alternatives. Fried chicken establishments have been growing their offerings to incorporate a assortment of zesty flavors, extending from gentle to amazingly hot, to cater to distinctive taste inclinations.
RESTRAINING FACTORS
"Food Safety and Health Concerns to Slump Up the Market Growth"
Guaranteeing food security is fundamental for fried chicken establishments to preserve client believe and comply with controls. Misusing of raw chicken, disgraceful cooking temperatures, and cross-contamination can lead to foodborne ailments and negative reputation. Franchises must contribute in thorough food security preparing, conventions, and reviews to relieve these dangers. Fried chicken is frequently seen as undesirable due to its tall fat and calorie substance. As health-conscious customer inclinations proceed to advance, fried chicken establishments may confront challenges in catering to clients looking for more beneficial choices. Tending to these concerns by advertising flame broiled chicken, servings of mixed greens, and other more beneficial choices can offer assistance moderate this restriction. However the factors constraining the fried chicken franchises market growth are the food safety concerns and health concerns.
FRIED CHICKEN FRANCHISES MARKET REGIONAL INSIGHTS
"Asia Pacific to Spur on the Dominance with Vibrant Fried Chicken Culture and Popular Local and International Chains"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
The fried chicken franchises Market share in Asia Pacific is experiencing strong growth. Nations within the Asia-Pacific region, especially South Korea and Japan, have a solid craving for fried chicken. South Korea, in specific, features a dynamic fried chicken culture, with various neighborhood chains and international franchises like KFC and Bonchon competing for market share. Japan too includes a flourishing fried chicken advertise, with prevalent chains like KFC and nearby favorites such as Lawson Fried Chicken.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The market is essentially affected by key industry players that play a pivotal part in driving market flow and forming shopper inclinations. These key players have broad retail systems and online stages, giving customers with simply get to to a wide assortment of closet choices.
LIST OF TOP FRIED CHICKEN FRANCHISES COMPANIES
- KFC (U.S.)
- Bojangles (U.S.)
- Buffalo Wild Wings (U.S.)
- Chicken Salad Chick (U.S.)
- Chick-fil-A (U.S.)
- Chiqueen (India)
- Church’s Chicken (U.S.)
- El Pollo Loco (U.S.)
- Me Fried Chicken (U.S.)
- Popeyes Louisiana Kitchen (U.S.)
- Southern Fried Chicken (U.K.)
- Wingstop (U.S.).
INDUSTRIAL DEVELOPMENT
- March 2021: Bojangles declared a planned expansion into Columbus, Ohio, its first Ohio location, to start afterward that year. The declaration came on the same day Taco Johns announced it would essentially boost its Central Ohio presence, as well as already-planned extensions into the market by Sheetz and Del Taco.
- March 2022: Bojangles declared that it would open its to begin with 10 areas in New Shirt.
- July 2023: The company Bojangles reported plans to open 20 eateries on the West coast, beginning in Las Vegas.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 50 Billion in 2023 |
Market Size Value By |
US$ 70 Billion by 2032 |
Growth Rate |
CAGR of 4.5% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
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By Application
|
Frequently Asked Questions
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Which is the leading region in the fried chicken franchises market?
Asia Pacific to lead the fried chicken franchises market with vibrant culture of fried chicken and with a number of local and international chains.
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Which are the driving factors of the fried chicken franchises market?
Convinience, accessibility, value for money, varied menu and spice varieties are some of the driving factors of the fried chicken franchises market.
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What are the fried chicken franchises market segments?
The fried chicken franchises market segmentation that you should be aware of, which include, Based on type the fried chicken franchises market is classified as fried chicken and fried chicken burgers and sandwiches. Based on application the fried chicken franchises market is classified as convenience store, supermarket and shopping mall.