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The packaged burgers market size is forecast to increase by USD 3.31 billion at a CAGR of 8.5% between 2023 and 2028.
The packaged burgers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The frozen burgers segment is estimated to witness significant growth during the forecast period. The market encompasses ready-to-cook and ready-to-eat frozen burgers, chilled burgers, and fresh burgers. Frozen burgers, a significant market segment, are sold in packaged form and require heating prior to consumption. They offer extended shelf life and convenience, making them popular among consumers. companies, including BUBBA foods LLC and The Kraft Heinz Co., provide a range of frozen burger options. Some companies are expanding their product offerings to cater to evolving consumer preferences. Convenience and health consciousness drive the demand for packaged burgers. Ingredients like carrot, beetroot, bell pepper, and various proteins are used to cater to diverse dietary patterns. Sustainable packaging and single-serve methods are trends gaining traction In the market.
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The frozen burgers segment was valued at USD 3.81 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European market is witnessing significant growth due to the increasing vegan population and shifting consumer preferences towards plant-based food options. Beyond Meat Inc.'s expansion into Europe with its first co-manufacturing facility in Zoeterwoude is a testament to this trend. companies are responding to this demand by introducing veggie-packed burger options. The convenience of ready-to-eat and ready-to-cook meals, along with the increasing health consciousness, is driving the market. Sustainable packaging and single-serve methods are also gaining popularity. Ingredients such as carrot, beetroot, bell pepper, and protein are commonly used In these plant-based burgers. Online retail and food delivery platforms, including convenience stores and supermarkets, are significant sales channels. The market's growth is expected to continue as consumers seek healthier options and convenience In their food consumption habits.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The packaged burgers market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the packaged burgers market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, packaged burgers market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide range of convenience food products catering to various dietary patterns and consumer preferences. These offerings include single-serve methods of both plant-based and non-vegetarian options. The use of sustainable packaging is a significant trend in this sector, as consumers increasingly demand eco-friendly solutions. Ingredients play a crucial role In the market. Carrot, beetroot, bell pepper, and other vegetables are commonly used in plant-based burgers to add texture and flavor. Protein sources, such as soy, pea, or wheat, are also essential components. For non-vegetarian burgers, ground beef is the primary ingredient. The convenience factor is a primary driver for the growth of the market.
In addition, ready-to-eat food and online retail have become increasingly popular, with digital orders and food delivery applications gaining traction. Frozen products offer extended shelf life, while fresh products cater to consumers seeking healthier options. Health consciousness is another critical factor influencing the market. Consumers are increasingly seeking out organic ingredients and healthier alternatives. Meal solutions that cater to various dietary needs, such as vegan or gluten-free, are gaining popularity. Logistics networks play a vital role In the distribution of packaged burgers. Cooked patties can be shipped or transported to retail outlets, while ready-to-cook meals can be delivered directly to consumers.
Moreover, refrigeration technology is essential for maintaining the quality and freshness of these products. The market offers a variety of patty types, including frozen burgers, chilled burgers, and fresh burgers. Convenience stores and online stores are the primary retail channels for these products. Vegan and plant-based burger options cater to the growing vegan population. Nutritional content is a significant consideration for consumers In the market. Consumers are increasingly seeking out healthier options, with whole grain breads and reduced sodium and saturated fat content becoming popular. Bacterial contamination is a concern, and food safety regulations are stringent to ensure consumer safety.
In addition, the market is diverse and dynamic, with various trends and consumer preferences shaping its growth. Fast-food consumption habits continue to influence the market, with gourmet burgers and flavorful options gaining popularity. The market is expected to grow significantly In the coming years, driven by changing consumer preferences and advancements in technology.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
Market growth 2024-2028 |
USD 3.31 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.7 |
Key countries |
US, UK, Germany, Italy, and Canada |
Competitive landscape |
Leading Companies, market growth and forecasting, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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