Cibi e Bevande
Pre‐packaged Sandwiches Market Size Worth $18.2 Billion By 2025: Grand View Research, Inc.
The non-vegetarian products dominated the market in 2018 due to its high protein content. The products are available in a wide range of variants including egg, chicken, sausage, bacon, and beef. The vegetarian products are expected to expand at the fastest CAGR of 5.3% from 2019 to 2025. Over the past few years, increasing adoption of veganism across the globe has been fueling the demand for vegetarian or plant-based products.
Food service or HoReCa held the largest market share in 2018. Majority of the restaurants keep sandwiches in their menu considering the increasing demand for the product. The household segment for pre-packaged products is anticipated to reach USD 5.6 billion by the end of 2025. Rising penetration of e-commerce in the foodservice sector is expected to accelerate the growth of the market for pre-packaged sandwiches in the upcoming years.
Asia Pacific is expected to expand at the fastest CAGR of 9.3% from 2019 to 2015. Increasing demand for pre-packaged food, along with a wide range of product availability in the developing countries including China , India , Indonesia , and Malaysia , is anticipated to drive the demand for the product in the near future. Furthermore, increasing female participation in the workforce remains a key driving factor in this region.
Key competitors of this industry include Marks & Spencer Group plc; Greencore Group plc; Tyson Foods, Inc.; Landshire, Inc.; Norac Food; Raynor Foods; The Brunch Box; Around Noon; Grand Strand Sandwich Company Inc.; and URBANeat.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James
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Grand View Research, Inc.
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