Sandwiches Market size to increase by USD 41.15 billion between 2022 to 2027, Fresh Sandwich to be the major contributing segment - Technavio
NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The sandwiches market size is expected to grow by USD 41.15 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 4.9% during the forecast period. The increasing online presence of vendors is notably driving the sandwich market. However, factors such as health issues due to contamination of food may impede market growth. The market is segmented by Product (Fresh sandwiches and Pre-packaged sandwiches), Type (Non-vegetarian and Vegetarian), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format
Key Segment Analysis
By product, the sandwich market share growth in the fresh sandwiches segment will be significant during the forecast period. The demand for fresh sandwiches is increasing as consumers prefer to buy sandwiches than make them at home. Vendors are coming up with new varieties of products by adding local flavors to attract customers. Such product portfolio expansions by vendors can influence the accelerated growth momentum of the market. To know additional highlights and key points on various market segments and their impact in coming years, View a FREE PDF Sample Report.
Geographical Market Analysis
By geography, North America is estimated to contribute 42% to the growth of the global market during the forecast period. The US is the largest market for sandwiches with the consumers in the country eating about 300 million sandwiches every day. Furthermore, sandwiches with premium components such as Hilltop Hearth artisan bread, Glenview Farm cheeses, and Patuxent Farms meats are in trend and stand out from the competition.
Company Insights
The sandwich market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
American Dairy Queen Corp., Arbys IP Holder LLC, Around Noon Group, Digital Management LLC, Focus Brands LLC, Greencore Group Plc, Greggs Plc, Jimmy Johns Franchisor SPV LLC, McDonald Corp., Pret A Manger, Quiznos Sandwiches Inc., Starbucks Corp., The Subway Group, The Wendys Co., Tyson Foods Inc., Wawa Inc., WHAT A SANDWICH, YUM Brands Inc., Roly Poly Franchise System, Jersey Mikes Franchise Systems Inc.
- View a FREE PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The packaged burgers market size is expected to increase by USD 3.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.71%.
The US - frozen pizza market size is projected to increase by USD 2,145.77 million and the market size is estimated to grow at a CAGR of 5.3% between 2022 and 2027.
Sandwiches Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market growth 2023-2027 |
USD 41.15 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.51 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Dairy Queen Corp., Arbys IP Holder LLC, Around Noon Group, Digital Management LLC, Focus Brands LLC, Greencore Group Plc, Greggs Plc, Jimmy Johns Franchisor SPV LLC, McDonald Corp., Pret A Manger, Quiznos Sandwiches Inc., Starbucks Corp., The Subway Group, The Wendys Co., Tyson Foods Inc., Wawa Inc., WHAT A SANDWICH, YUM Brands Inc., Roly Poly Franchise System, and Jersey Mikes Franchise Systems Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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