Global Sandwiches Market

Global Sandwiches Market Size, Share, Growth Analysis, By Product(Non-vegetarian, Vegetarian), By Application(Household, HoReCa) - Industry Forecast 2023-2030


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

Global Sandwiches Market Insights

Sandwiches Market size was valued at USD 11.27 billion in 2021 and is poised to grow from USD 11.92 billion in 2022 to USD 18.46 billion by 2030, growing at a CAGR of 5.72% in the forecast period (2023-2030).

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.

Market snapshot - 2023-2030

Global Market Size

USD 11.27 billion

Largest Segment

HoReCa

Fastest Growth

Household

Growth Rate

5.72% CAGR

Global Sandwiches Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Sandwiches Market Size By Application, 2021-2028 ($ Bn)
Global Sandwiches Market Size By Application, 2021-2028 (%)

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Global Sandwiches Market Segmental Analysis

The global sandwiches market is segmented on the basis of product type, application and region. Based on the product type, the sandwiches market can be bifurcated into non-vegetarian and vegetarian segments. On the basis of application, the sandwiches market is segregated into Household and HoReCa segments. Based on region, the global Sandwiches market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Sandwiches Market Analysis by application

The HoReCa or food service segment, which accounted for 70.9% of the worldwide revenue, around 74.0% of American quick-service restaurants included sandwiches on their menus, according to the journal Prepared Foods. A sizable portion of customers in Europe and North America eat out frequently for all meals, including breakfast, lunch, and dinner. The application segment for pre-packaged food items like sandwiches is consequently being driven by this. A significant growth factor for pre-packaged food among households is anticipated to continue being the increasing penetration of e-commerce in the food business. In addition, given the rising consumer demand for pre-packaged meals, convenience stores, supermarkets, and hypermarkets have been stocking a variety of them. The demand for pre-packaged meals is anticipated to increase globally due to the hectic schedules of working adults.

Global Sandwiches Market By Application , 2021(%), 2021 (%)

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Global Sandwiches Market Regional Insights

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.

Asia Pacific is predicted to experience the quickest CAGR of 9.3%. Demand for pre-packaged sandwiches in this region is increasing due to the rapid adoption of western eating habits in nations like China, South Korea, and Japan. The demand for pre-packaged sandwiches is also anticipated to increase in the near future due to the growing number of regional and local competitors in this industry. In nations like China, India, Malaysia, Singapore, South Korea, and Japan, the market growth for pre-packaged sandwiches has been boosted by rising awareness of the importance of eating a balanced diet and the availability of a wide variety of pre-packaged sandwiches.

Global Sandwiches Market By Geography, 2021 - 2028, 2023-2030
  • Largest
  • Fastest

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Global Sandwiches Market Dynamics

Sandwiches Market Driver

  • 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.

Sandwiches Market Restraint 

  • It is anticipated that a lack of product developments will impede sandwiches market expansion throughout the anticipated time frame. The emerging trend among food processors and customers, nevertheless, is a shift away from conventional cooked dishes and toward fast-food consumption patterns. Due to their evolving tastes, it is anticipated that the market would expand as young people's food innovations grow.

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Global Sandwiches Market Competitive Landscape

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.

Sandwiches Market Top Players Company Profiles 

  • 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

Sandwiches Market Recent Developments

  • In June 2022, the makers of Hormel Natural Choice products have announced the release of their newest product, Hormel Natural Choice Sandwich Pepperoni, which is made entirely of natural ingredients.

Global Sandwiches Key Market Trends

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Global Sandwiches Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global Sandwiches market is segmented based on product, applications and regions. Additionally, vendors are using areas of public transportation, including subway stations, to advertise their goods. 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.

Report Metric Details
Market size value in 2021 USD 11.27 billion
Market size value in 2030 USD 18.46 billion
Growth Rate 5.72%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Non-vegetarian, Vegetarian
  • Application
    • Household, HoReCa
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • 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
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Sandwiches Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Sandwiches Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Sandwiches Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sandwiches Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sandwiches Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Sandwiches Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Sandwiches Market size was valued at USD 11.27 billion in 2021 and is poised to grow from USD 11.92 billion in 2022 to USD 18.46 billion by 2030, growing at a CAGR of 5.72% in the forecast period (2023-2030).

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

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