Published on: February 14, 2020
The sandwich market size is estimated to grow at a CAGR of 4.9% between 2022 and 2027, with a market size increase of USD 41.15 billion. Increasing demand for ready-to-eat food products is notably driving the market growth. The sandwich market makes up a part of the food industry, with a wide range of options from traditional deli sandwiches to breakfast sandwiches and offerings made using plant-based alternative ingredients. It serves retail stores, restaurants, supermarkets, convenience stores, and related channels.
Globally, rapid urbanization has made comprehensive changes in the lifestyle and dietary habits of consumers. There has been substantial growth in the consumption of processed food products. As such products save time and effort and provide consistent taste, convenience or ready-to-eat food products, such as sandwiches are becoming increasingly popular among consumers.
The sandwich market is expected to witness continued growth, driven by factors such as changing dietary preferences, the rise of plant-based vegetarian options, organic ingredients, and the convenience of pre-packaged sandwiches for busy consumers. The sandwich market can look forward to continued innovation and diversification, with a focus on meeting the evolving needs and preferences of consumers. As health-consciousness and awareness around sustainability grow, demand for organic and plant-based sandwich options is expected to increase, driving market growth and reshaping the global industry.
The increasing demand for convenient and on-the-go meal solutions, the popularity of quick-service restaurants like Chick-fil-A and Firehouse Subs, and the availability of diverse sandwich options catering to different dietary preferences are all contributing to the growth of the global sandwich market. Factors such as rapid urbanization, changing lifestyles, and the expansion of infrastructure also drive demand.
Sandwich products face competition from other convenient meal options, as well as concerns about the environmental impact of packaging materials and the need to balance taste preferences with health considerations. Sourcing organic ingredients and meeting regulatory requirements can also be costly or slow down production.
The growing demand for plant-based and vegetarian options presents an opportunity for sandwich producers who are looking for a niche to fill. Offering innovative and diverse sandwich creations that appeal to different consumer segments can also help businesses find success in the market.
Keeping up with advancements in equipment, materials, and ingredients can help improve the quality and convenience of pre-packaged sandwiches, as well as the efficiency of production processes and packaging. Innovations in cold chain logistics and packaging materials help extend product shelf life and improve food safety.
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our sandwich market segmentation covers topics such as:
North America is projected to account for 42% of the global market’s growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the US dominated the market, followed by Canada and Mexico. Globally, the US is the largest market for sandwiches. It has been estimated that US consumers eat about 300 million sandwiches every day.
Companies in North America are coming up with new innovative marketing and advertising strategies to advertise their products. The presence of a variety of ingredients, including cheese, flavourings, sauces, and bread, is an important factor influencing consumers' purchasing decisions when purchasing pre-packaged sandwiches, which is anticipated to drive the growth of the regional sandwiches market during the forecast period.
Technavio's sandwich industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our sandwich market reports include:
In order to provide you with a comprehensive view of the sandwich industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
1.How do I identify key trends in the sandwich market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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