Sandwiches Market by Product, Filling, and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR44625

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The sandwiches market size has the potential to grow by USD 11.52 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of over 3%. 

This report provides a detailed analysis of the market by product (fresh sandwiches and pre-packaged sandwiches), filling (non-vegetarian and vegetarian), geography (Europe, North America, APAC, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Arbys IP Holder LLC
  • Greencore Group Plc
  • Greggs Plc
  • McDonald Corp.
  • Pita Pit International
  • Potbelly Corp.
  • Tyson Foods Inc.
  • YUM! Brands Inc

The sandwiches market is fragmented and the vendors are deploying organic and inorganic strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as on-the-go consumption to achieve growth opportunities. However, factors such as product recalls owing to contamination will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the sandwiches market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This sandwiches market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Grab your Free Sample now to unlock further information on other key market drivers

Sandwiches Market: Segmentation by Geography

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45% of the market’s growth will originate from Europe during the forecast period. France, the UK, Italy, and Germany are the key markets for sandwiches in Europe. Market growth in this region will be slower than the growth of the market in North America, APAC, and MEA..

The presence of many established vendors that follow traditional artisanal practices and the high consumption of sandwiches are the prime factors that will facilitate the automatic and smart pet feeder market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Sandwiches Market: Segmentation by Product

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The demand for fresh sandwiches is increasing as consumers at present are preferring on-the-go food options such as sandwiches. Moreover, vendors are coming up with new varieties of products by adding local flavors to attract customers. Therefore, the sandwiches market share growth by the fresh sandwiches segment will be faster than the growth of the market by the pre-packaged segment.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the medical devices sandwiches market size.

Sandwiches Market: Key Drivers and Trends

Influenced by extensive urbanization and the hectic lifestyle, dietary habits of consumers have transformed and the consumption of processed food products has increased. Technavio’s market study identifies the increase in on-the-go consumption as one of the primary growth factors for the sandwiches market. Consumers are preferring to consume ready-to-eat or convenience food products as they save time and effort while proving consistent taste. Also, consumers can select the ingredients of their choice and incorporate as per their requirement. Moreover, the increasing number of working women has provided traction to the demand for easy meals, which reduces the cooking time. Our market analysts estimate that the market will post a CAGR of over 3% during 2020-2024.

The rising vegan culture, which abstains from using or consuming animal products, is providing traction to the demand for fresh, gourmet, vegan sandwiches. Factors such as better prosperity, detoxification, moral position on creatures, and assurance of condition of food are contributing extensively to the widely growing vegan population globally. Sandwich vendors are offering vegan sandwiches, which is one of the key sandwiches market trends, due to the nourishment and sustenance advantage provided by this segment. Furthermore, eateries are incorporating vegetarian food and beverage products in their menu to cater to vegan customers. Therefore, the rise in veganism is identified as one of the key factors that will have a positive impact on the sandwiches market.

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Sandwiches Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive sandwiches market growth during the next five years
  • Precise estimation of the sandwiches market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sandwiches industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sandwiches  market vendors

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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

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The sandwiches market growth will increase by $11.52 billion during 2019-2024.
The sandwiches market is expected to grow at a CAGR of 3.04% during 2019-2024.
Technavio has segmented the sandwiches market by product (Fresh sandwiches and Prepackaged sandwiches) ,other1 (Non-vegetarian and Vegetarian) , and geographic (Europe, North America, APAC, South America, and MEA).
Arbys IP Holder LLC, Greencore Group Plc, Greggs Plc, McDonald Corp., Pita Pit International, Potbelly Corp., Tyson Foods Inc., YUM! Brands Inc. are a few of the key vendors in the sandwiches market.
Europe will register the highest growth rate of 45.05% among the other regions. Therefore, the sandwiches market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • France
  • UK
  • Italy
  • Germany
The key factors driving the sandwiches market growth are:
  • Vendor expansions
  • Introduction of new varieties and innovative products
The sandwiches market vendors should focus on grabbing business opportunities from the fresh sandwiches segment as it accounted for the largest market share in the base year.

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