What is the global market size of Packaged Burger Market?

Packaged Burger Market size was valued at USD 42.25 billion in 2021 and is poised to grow from USD 44.5 billion in 2022 to USD 67.09 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Which region accounted for the largest share in Global Packaged Burger Market?

In 2022, more than 47% of the global Packaged Burger Market came from the Asia-Pacific. The Asia-Pacific region is densely populated with an increasing average income per person. This should help the market grow quickly in the region. The region is led by countries with growing economies, such as China, India, and Malaysia. It has an advantage over other places because it has easy access to cheap labor and good farmland. Since the region has a lot of people and their incomes are going up, it is expected that it will grow the fastest during the projected period.

Packaged Burger Market Size, Share, Growth Analysis, By Product Type(Frozen Burger, Chilled Burger, Fresh Burger), By Distribution Channel(Supermarket, Hypermarket, Convenience Stores, Online Stores), By Patty Type(Veg, Non-Veg Patty), By Region - Industry Forecast 2024-2031

Report ID: SQSG30I2054 | Region: Global | Published Date: October, 2024
Pages: 238 | Tables: 91 | Figures: 76

Packaged Burger Market Regional Insights

Europe is dominated the global packaged burger market in 2021 as it occupies approximately half of the current market and is expected to maintain its lead during the forecast period. This trend is because of the constant introduction of new products such as plant based burgers and others which people prefer in this region. Rising vegan population and the trend of veganism is expected to support the market growth in this region. Many vendors are including veggie burgers in their existing product portfolio. The countries such as the UK, Germany and Italy are in forefront in the European packaged burger market. Major players have started to offer health conscious options such as whole grain breads along with vegan products.

Asia-pacific is expected to the fastest growing region during the forecast period. Key markets which will provide a better growth opportunity includes China, Australia, Japan, India and South Korea. These markets have much untapped potential and will likely boost the packaged burger market in the Asia-Pacific region. Many global players are planning to expand in this region and local players are also getting some success in this market by introducing plant based packaged burgers.

Packaged Burger Market Report Snapshots

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Packaged Burger Market size was valued at USD 42.25 billion in 2022 and is poised to grow from USD 44.5 billion in 2023 to USD 67.09 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Global packaged burger market is fragmented due to presence of many players. Innovative products are introduced by the companies to garner consumer interest. Strategies such as mergers & acquisition, strategic partnership, are adopted by key players for growth expansion. Major players include McCain Foods, Kellogg's, Nestle, Beyond Meat, The Kraft Heinz Company and Amy's Kitchen. Major players are collaborating with one another to bring out new product offerings. 'Amy's Kitchen', 'Beyond Meat', 'Conagra Brands', 'Dr. Praeger's', 'Impossible Foods', 'JBS SA', 'Kellogg Co.', 'Maple Leaf Foods', 'Nestle S.A.', 'Perdue Farms', 'Pinnacle Foods', 'Tyson Foods', 'Quorn Foods', 'Schouten Europe B.V.', 'Tofurky', 'The Kraft Heinz Company', 'The Vegetarian Butcher', 'The Hain Celestial Group', 'Wendy's Company', 'White Castle System Inc.'

Shifting preference of people towards plant based packaged burger especially in the U.S and the UK is driving the global packaged burger market

During the peak of the pandemic, food delivery services were hailed as a lifeline for most businesses. Since the outbreak, online food deliveries have been regarded as an absolute necessity in the restaurant and food service industries. Consumers are shifting away from traditional ordering methods and toward digital ones because they are simpler, error-free, faster, and completely transparent. As a result of the emergence of this trend, the fast food sector is expected to benefit and provide various development opportunities for new entrants throughout the forecast period.

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Packaged Burger Market Size, Share, Growth Analysis, By Product Type(Frozen Burger, Chilled Burger, Fresh Burger), By Distribution Channel(Supermarket, Hypermarket, Convenience Stores, Online Stores), By Patty Type(Veg, Non-Veg Patty), By Region - Industry Forecast 2024-2031

Packaged Burger Market Regional Insights

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