LONDON--(BUSINESS WIRE)--The global sandwiches market is poised to grow by USD 11.52 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The spread of the COVID-19 pandemic resulted in the shutdown of various businesses including shopping malls and other hangout spots. This has impacted the businesses of vendors operating in such places. However, situations are getting back to normal in most regions across the world, which has reopened shopping malls and restaurants that serve sandwiches. This is expected to open new opportunities for vendors and foster market growth.
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The report on the sandwiches market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report also offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
The market is driven by the rise in the number of expansion plans by vendors. Changing lifestyles and dietary habits have increased the consumption and demand for processed food products among consumers. To capitalize on this trend, vendors are focusing on expanding their presence. For instance, In September 2019, KFC, a subsidiary of YUM! Brands announced its plans to open 1,000 new stores in the UK and Ireland by the end of 2020. Such expansions are increasing the availability and consumption of processed food products such as sandwiches. In addition, the introduction of new varieties and innovative products will drive the growth of the global sandwiches market during the forecast period.
The sandwiches market analysis includes product and geography landscape.
The market saw maximum growth in the fresh sandwiches segment in 2019. The segment is mainly driven by increasing consumer preference for fresh and on-the-go food products such as sandwiches.
Based on geography, Europe led the market with a 45% share in 2019. The growth of the sandwich market in Europe is driven by the presence of many established vendors that follow traditional artisanal practices and the high consumption of sandwiches.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The sandwiches market covers the following areas:
Sandwiches Market Sizing
Sandwiches Market Forecast
Sandwiches Market Analysis
Companies Mentioned
- Arbys IP Holder LLC
- Greencore Group Plc
- Greggs Plc
- McDonald Corp.
- Pita Pit International
- Potbelly Corp.
- Tyson Foods Inc.
-
YUM! Brands Inc.
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Fresh sandwiches - Market size and forecast 2019-2024
- Prepackaged sandwiches - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Filling
- Market segments
- Comparison by filling
- Non-vegetarian - Market size and forecast 2019-2024
- Vegetarian - Market size and forecast 2019-2024
- Market opportunity by filling
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Arbys IP Holder LLC
- Doctor's Associates LLC
- Greencore Group Plc
- Greggs Plc
- McDonald Corp.
- Pita Pit International
- Potbelly Corp.
- The Wendy's Co.
- Tyson Foods Inc.
- YUM! Brands Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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