Global Chicken Bucket market analysis 2024, Forecast To 2033
1 Mar, 2024
The chicken bucket market size has shown strong growth in recent years, increasing from$1.94 billion in 2023 to$2.04 billion in 2024, with a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to the evolution of the fast food industry, consumer preference for convenience, marketing and promotional campaigns, menu diversification, and economic factors such as affordability. Looking ahead, the market is expected to see strong growth, reaching$2.49 billion in 2028, with a CAGR of 5.1%. This growth is driven by factors such as health and wellness trends, e-commerce and delivery services, sustainable packaging and practices, cultural fusion and culinary diversity, and regulatory changes and nutrition labeling. Major trends in the forecast period include the rise of plant-based alternatives, focus on healthier preparation methods, expansion of gourmet and artisanal offerings, cultural fusion and ethnic flavors, and personalization and customization.
Global Chicken Bucket Market Key Driver
The increasing demand for chicken from developing economies is anticipated to drive the chicken bucket market in the foreseeable future. Chicken enjoys popularity as a meat choice due to its nutritional benefits, including essential nutrients such as protein, niacin, selenium, and phosphorus. Notably, its low-calorie and high-protein content renders it particularly advantageous for weight loss and maintaining lean body mass. Chicken buckets, which are disposable packaging available in various sizes, are commonly used for serving chicken, including takeaway meals. For instance, in 2021, approximately 460,159 metric tons of chicken meat were exported to Asian countries, amounting to a value of around $864 million. Moreover, China's chicken meat consumption was projected to reach 15.7 million metric tons in 2021, marking a 2% increase from the previous year, attributed to factors like pork prices and the impact of COVID-19. Hence, the escalating demand for chicken from developing economies is a significant driver for the chicken bucket market, with a projected market size of approximately $0.8 billion in 2023, and growth anticipated in 2024 and 2028.
Get A Free Sample Of The Global Chicken Bucket Market ReportGlobal Chicken Bucket Market Segments
The global 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
By Geography: The regions covered in the chicken bucket market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the chicken bucket market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global chicken bucket market during the forecast period. The regions covered in the chicken bucket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Chicken Bucket Industry Players
Graphic Packaging International LLC, Huhtamäki Oyj, Dart Container Corporation, DJS Printers, Westgate Products Ltd., Anchor Packaging LLC, Pactiv Evergreen Inc., Hos Win Enterprise Co. Ltd., Hyper Pack Private Limited, Thoran Paper Products, Noor Carton & Packaging Industry, Detmold Group, Plus Paper Foodpac Ltd., Yesve Enterprises, Richoos General Trading LLC, Packaging Industries LLC, YoonPak Company, Paper Machinery Corporation, Southern Champion Tray, International Paper, Georgia-Pacific LLC, Novolex Holdings Inc., Berry Global Inc., Sabert Corporation, Genpak LLC, Sonoco Products Company, Reynolds Consumer Products, CKF Inc., Day Young Enterprises Inc., KFC Corporation
Get The Full Global Chicken Bucket Market ReportChicken Bucket Market Overview
Chicken bucket is a disposable packaging made of durable paper and other materials. Large-size chicken bucket packaging is used for serving more chicken. The paper bucket chicken is also used for serving takeaway meals.
Chicken Bucket Global Market Report 2023 provides data on the global chicken bucket market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chicken bucket market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.