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The packaged burgers market share is expected to increase by USD 3.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.71%.
One of the key highlights of the single-use bioprocessing system industry research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period. The packaged burgers market vendors covered in this market study include Amys Kitchen Inc., Beyond Meat Inc., BUBBA foods LLC, Campbells Prime Meat Ltd., Cremonini SpA, DiLuigi Foods, Dr. Praegers Sensible Foods Inc., Eleven Foodgroup, Goodman Food Products Inc., Hilarys - Drink Eat Well LLC, Impossible Foods Inc., J Sainsbury Plc, Kellogg Co., Nestle SA, Paragon Quality Foods Ltd., Premium Brands Holdings Corp., Rangeland Foods Ltd., Schweid and Sons, The Burger Manufacturing Co. Ltd., and The Kraft Heinz Co. among others. Furthermore, the packaged burgers market has been broadly categorized into the following demographic segmentation:
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing number of new product launches is notably driving the packaged burgers market growth, although factors such as growing demand for burgers prepared in foodservice establishments may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaged burgers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Packaged Burgers Market Driver
The increasing number of new product launches is one of the key drivers supporting the packaged burgers market growth. To fulfill the consumer's preferences, vendors are introducing new variants of packaged burgers. For instance, In May 2021, Beyond Meat, Inc., a plant-based meat manufacturer, launched its first-ever value 6-pack of its most sold product, Beyond Burger, in Canada. Major grocery stores across Canada will offer a 6-pack of delicious plant-based burgers, which are conveniently frozen. Thus, the introduction of new products helps in increasing the sales of packaged burgers. This will influence the growth of the packaged burgers market during the forecast period.
Key Packaged Burgers Market Trend
The growing popularity of plant-based packaged burgers is one of the key packaged burgers market trends fueling the market growth. For instance, in December 2021, ITC launched plant-based burger patties and nuggets, which mimic the taste of chicken and are the two largest non-vegetarian frozen food categories. Similarly, in October 2021, Burgrill, an India-based burger chain, launched its first plant-based chicken burger in India. The new meatless burger contains dairy-free cheddar cheese and essential plant-based proteins. Likewise, in May 2021, Tyson Foods Inc. launched its plant-based burgers and sausage. Therefore, the increasing vegan population and the focus of vendors on launching plant-based packaged burgers will increase the sales of such products and, in turn, accelerate the growth momentum of the packaged burgers market during the forecast period.
Key Packaged Burgers Market Challenge
Growing demand for burgers prepared in foodservice establishments is one of the factors hindering the packaged burgers market growth. There are some foodservice establishments that are trying to expand their burger offerings by introducing new variants. For instance, in November 2021, McDonald tested the plant-based McPlant burger created as part of its partnership with Beyond Meat in 8 US restaurants. Moreover, in May 2021, McDonald has started selling McPlant burgers in some international markets, including Sweden, Denmark, Austria, the Netherlands, and the UK. Thus, the growing demand for burgers prepared in foodservice establishments will affect the sales of packaged burgers and, in turn, hinder the potential growth of the global packaged burgers market during the forecast period.
This packaged burgers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global packed burgers market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the packaged burgers market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the packaged burgers market encompasses successful business strategies deployed by the key vendors. The packaged burgers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The packaged burgers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the packaged burgers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market's growth will originate from Europe during the forecast period. The UK, Germany, and Italy are the key markets for packaged burgers market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
The rise in the vegan population will facilitate the packaged burgers market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 increased the sales of packaged burgers in the region. Moreover, at the beginning of 2021, the regional governments took initiatives such as mass vaccination drives resulting in the control of the spread of the virus by the Q3 of 2021. As a result, it further led to the gradual increase in the regional economic activities in Q4 of 2021. Thus, rising economic activities will further propel packaged burgers market growth in the forecast period.
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The packaged burgers market share growth by the frozen burgers segment will be significant during the forecast period. Frozen burgers refer to packaged burgers that require heating before consumption. They are the most consumed variety of packaged burgers in the global market. These burgers are sold in ready-to-cook variants to consumers and offer convenience. They have a higher shelf life in end-user establishments than fresh varieties without losing nutrient and protein content. These benefits of frozen burgers will propel the growth of the global frozen burgers market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the packaged burgers market size and actionable market insights on post COVID-19 impact on each segment.
Packaged Burgers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.71% |
Market growth 2022-2026 |
$ 3.40 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.23 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 42% |
Key consumer countries |
US, Canada, UK, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amys Kitchen Inc., Beyond Meat Inc., BUBBA foods LLC, Campbells Prime Meat Ltd., Cremonini SpA, DiLuigi Foods, Dr. Praegers Sensible Foods Inc., Eleven Foodgroup, Goodman Food Products Inc., Hilarys - Drink Eat Well LLC, Impossible Foods Inc., J Sainsbury Plc, Kellogg Co., Nestle SA, Paragon Quality Foods Ltd., Premium Brands Holdings Corp., Rangeland Foods Ltd., Schweid and Sons, The Burger Manufacturing Co. Ltd., and The Kraft Heinz Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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