Press release
Chicken Bucket Market Size, Share,Trends & Forecast 2033
Chicken Bucket Market Size
As per the report, 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 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%.
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Chicken Bucket Market Thrives Amidst Growing Chicken Demand In Developing Economies
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.
Product Innovations Revolutionize Chicken Bucket Market
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 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
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Major companies operating in the chicken bucket market report are 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
Contents of the report:
1. Executive Summary
2. Chicken Bucket Market Report Structure
3. Chicken Bucket Market Trends And Strategies
4. Chicken Bucket Market - Macro Economic Scenario
5. Chicken Bucket Market Size And Growth
…..
27. Chicken Bucket Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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