Insights Into The Chicken Bucket Market’s Growth Potential 2023-2032
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The global chicken bucket market is on a flavorful journey, set to grow from $1.85 billion in 2022 to $1.94 billion in 2023 at a Compound Annual Growth Rate (CAGR) of 4.9%. Peering into the future, the market is projected to reach an enticing $2.31 billion by 2027, maintaining a steady CAGR of 4.5%. The driving force behind this growth? The rising demand for chicken from developing economies.
The Appetite for Chicken: A Global Phenomenon
Chicken’s Nutritional Appeal
- Popularity: Chicken remains a preferred meat choice globally.
- Nutrient-Rich: Packed with essential nutrients like protein, niacin, selenium, and phosphorus.
- Health Benefits: Low-calorie content and high protein make chicken beneficial for weight loss and lean body mass maintenance.
Chicken Bucket Packaging
- Definition: Disposable packaging used for serving chicken, often employed for takeaway meals.
- Significance: Reflects the growing trend of on-the-go food consumption.
Rising Global Demand
- Export Statistics: In 2021, Asian countries imported 460,159 metric tons of chicken meat valued at $864 million.
- China’s Consumption: Projected to reach 15.7 million metric tons in 2021, a 2% increase due to pork prices and COVID-19.
Market Leaders Steering the Course
Industry Giants
- Key Players: Graphic Packaging International, Huhtamäki Oyj, Dart Container Corporation, and others.
- Market Presence: Companies contributing to the market with diverse packaging solutions for chicken.
Innovations on the Menu: Trending in Chicken Buckets
Focus on Innovation
- Industry Trend: Product innovations take center stage in the chicken bucket market.
- KFC’s Creative Move: In November 2021, KFC launched a limited-edition Finger Lickin’ Chicken Mitten Bucket Hugger.
- Festive Appeal: The knitted sweater design featured a festive KFC holiday theme, celebrating the winter season.
Market Segmentation
- Material: Paper and Paperboard, Plastic.
- Capacity: Less Than 1.0 kg, 2.0 kg, 3.0 kg, More Than 3.0 kg.
- End Users: Foodservice, Institutional, Household.
Regional Dynamics: From North America to Asia-Pacific
Market Landscape
- North America’s Leadership: The largest region in the chicken bucket market in 2022.
- Fastest-Growing Region: Asia-Pacific expected to lead the global chicken bucket market during the forecast period.
Contributing Factors
- North America’s Dominance: Reflects the region’s established consumer base and mature market.
- Asia-Pacific’s Growth: Driven by rising disposable income, urbanization, and changing lifestyles.
Charting the Future of Chicken Buckets
The global chicken bucket market isn’t just about packaging; it’s a reflection of evolving dietary preferences, changing lifestyles, and the convenience of on-the-go meals. As the market continues to grow, innovation in product offerings, like KFC’s Finger Lickin’ Chicken Mitten Bucket Hugger, adds a creative flair to the industry. With diverse packaging materials, capacities, and end-users, the market caters to a wide array of consumer needs.
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The Chicken Bucket Global Market Report 2023 provides an overview of the chicken bucket market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chicken bucket market forecast analyzes chicken bucket market size, chicken bucket market share, leading competitor and their market positions.
The Table Of Content For The Chicken Bucket Market Include:
1. Chicken Bucket Market Executive Summary
2. Chicken Bucket Market Segments
3. Chicken Bucket Market Size And Chicken Bucket Market Growth Rate
4. Key Chicken Bucket Market Trends
5. Major Chicken Bucket Market Drivers
……
25. Key Mergers And Acquisitions In The Chicken Bucket Market
26. Top Chicken Bucket Companies
27. Chicken Bucket Market Opportunities And Strategies
28. Chicken Bucket Market, Conclusions And Recommendations
29. Appendix
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