Global Sandwiches Market

Sandwiches Market Size, Share, Growth Analysis, By Product(Non-vegetarian, Vegetarian), By Application(Household, HoReCa), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2295 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 61 | Figures: 75

Sandwiches Market Insights

Sandwiches Market size was valued at USD 11.27 billion in 2019 and is poised to grow from USD 11.92 billion in 2023 to USD 18.46 billion by 2031, growing at a CAGR of 5.72% in the forecast period (2024-2031).

Because they contain egg protein, breakfast sandwiches are becoming more and more popular with customers. Additionally, consumers' preferences have been shifting toward organic ingredients as awareness of the harmful consequences of chemical-based food products has grown. As a result, producers are also putting a lot of effort into developing organic meat, veggies, and bread. Additionally, packaging has a significant impact on consumers' purchase decisions. All throughout the world, customers are choosing packaging that is environmentally friendly and sustainable. As a result, the demand for pre-packaged sandwiches is increasing.

In 2021, non-vegetarian products held a proportion of more than 70.0%, which was the greatest. Products that are not vegetarian are thought to be a good source of protein and important micronutrients including iron, zinc, and vitamins. Animal protein sources, such as bacon, sausage, chicken, and egg white, have significantly increased in popularity as sandwich filling during the past few years. The market for meat products has been pushed by the rapid urbanization of developing nations like China and Brazil, which has strengthened the infrastructure, especially the cold chain. Additionally, a variety of packaged foods made with poultry meat, bacon, eggs, and fish have grown significantly in favor among millennials who are looking for a nutritious ready-to-eat meal.

US Sandwiches Market is poised to grow at a sustainable CAGR for the next forecast year.

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Sandwiches Market size was valued at USD 11.27 billion in 2019 and is poised to grow from USD 11.92 billion in 2023 to USD 18.46 billion by 2031, growing at a CAGR of 5.72% in the forecast period (2024-2031).

Marketing and advertising play a significant role in boosting the brand and luring clients in this cutthroat market with so many well-known vendors. In comparison to other small and regional vendors, large vendors have the advantage and financial resources to spend in large-scale campaigns. The global sandwich market will expand due to the increased advertising and marketing initiatives. 'McDonald's', 'Panera Bread', 'Subway', 'Starbucks', 'Jimmy John's', 'Arby's', 'Dunkin' Donuts', 'Pret A Manger', 'Jason's Deli', 'Quiznos', 'Firehouse Subs', 'Jersey Mike's', 'Potbelly Sandwich Shop', 'Which Wich', 'Earl of Sandwich', 'Capriotti's Sandwich Shop', 'Togo's Sandwiches', 'Blimpie', 'Cousins Subs', 'Erbert & Gerbert's Sandwich Shop'

Fast food restaurants and households make up the bulk of the market for sandwich spread. Growing demand for fast food among millennials, changing consumer tastes, the westernization of food meals, and more disposable money are all driving the market's expansion globally. A significant factor that is anticipated to continue driving market growth is the use of snacks as a meal substitute in several regions of the world.

With 30.0% sales share worldwide, North America led the industry. American consumers view sandwiches as a necessary component of their diet. When consumers buy pre-packaged sandwiches, the presence of various elements, such as cheese, tastes, sauces, and bread, has a significant impact on their decision to buy.

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Global Sandwiches Market

Report ID: SQMIG30I2295

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