Market Overview

Global Sandwiches Market to See Maximum Growth in Europe During 2020-2024 | Expansion Plans by Key Vendors to Drive Growth | Technavio

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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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005049/en/

Technavio has announced its latest market research report titled Global Sandwiches Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Sandwiches Market 2020-2024 (Graphic: Business Wire)

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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

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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