This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Order up: The industry stayed afloat during the pandemic and has continued to thrive during the economic recovery
The Fast Food Chicken Restaurants industry operates chicken restaurants where clients pay before eating. This industry includes take-out, delivery and purchases consumed on-site. Over the past five years, economic growth has resulted in higher disposable income levels. Simultaneously, consumer preferences have shifted as more individuals have become more health-conscious. During the five-year period, the industry has grappled with these significant changes in downstream demand by expanding menus to include healthier alternatives. To the industry's benefit, in 2020, industry revenue surged as people shifted to work and study from home, thus boosting demand for fast-food chicken. As restrictions were lifted, many customers have returned to work, boosting demand for breakfasts offered by fast food chicken restaurants. As a result, industry revenue is expected to grow an annualized 8.1% to $59.4 billion over the five years to 2023, including a projected 1.8% rise in 2023 alone.
This industry operates chicken restaurants where patrons pay before eating. Purchases may be consumed on-site, taken out or delivered.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Chick-Fil-A, Inc.
Methodology
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