PUBLISHER: 360iResearch | PRODUCT CODE: 1413182
PUBLISHER: 360iResearch | PRODUCT CODE: 1413182
[189 Pages Report] The Packed Burgers Market size was estimated at USD 6.51 billion in 2023 and expected to reach USD 7.02 billion in 2024, at a CAGR 7.85% to reach USD 11.05 billion by 2030.
Global Packed Burgers Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 6.51 billion |
Estimated Year [2024] | USD 7.02 billion |
Forecast Year [2030] | USD 11.05 billion |
CAGR (%) | 7.85% |
The packed burgers are pre-made, ready-to-eat, or easy-to-prepare patties and buns targeted at busy consumers. These are preferred by those who demand convenience, taste, and variety without the hassle of preparing the ingredients themselves. The growing demand for convenient food items and the rising popularity of quick service restaurants (QSRs) offering affordable fast food options. However, health-conscious consumers may avoid packed burgers due to concerns over high-calorie content and low nutritional value. In addition, volatility in raw material prices also impacts margins for producers and contributes to fluctuations in production expenses. Moreover, environmental concerns related to plastic and non-biodegradable packaging materials demand exploring eco-friendly alternatives and innovative product offerings such as plant-based burgers or those with functional ingredients such as fiber-rich grains or probiotics, which are expected to create lucrative opportunities for packed burgers.
Regional Insights
The Americas constitute a major share of the global packed burger market due to high consumption rates and a strong presence of leading fast-food chains. The U.S. and Canada have significant production capacities, with key players expanding in the market with extensive product offerings ranging from traditional beef patties to plant-based alternatives. Asia presents itself as a promising market for packed burgers due to its large population base and growing appetite for Western food culture. While global fast-food giants have established their presence across Asian countries such as China, India, Japan, and South Korea, local players are catering to regional tastes with unique menu options, including rice burgers or spicy variants. Production-wise, Asia is witnessing a steady rise in meat processing facilities and food manufacturing units that cater to the growing demand for packed burgers. In Europe, the packed burger market is characterized by an increasing preference for healthier options and ethically sourced ingredients. This has led to the growth of organic and plant-based burger options offered by companies. European players are adapting their menus to accommodate local tastes with offerings that include goat cheese burgers or halal-certified options.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Packed Burgers Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Packed Burgers Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Packed Burgers Market, highlighting leading vendors and their innovative profiles. These include Amy's Kitchen, Australian Organic Meat Co., Beyond Meat, BUBBA foods, LLC, Conagra Brands, Cremonini S.p.A., Dr. Praeger's Sensible Foods, Force of Nature LLC, Godrej Yummiez, H-E-B, LP, Impossible Foods Inc., J Sainsbury PLC, Kansas City Steak Company, Maple Leaf Foods, Meijer, Nebraska Star Beef, Nestle S.A., Paragon Quality Foods, Perdue Farms, Quorn Foods, The Kraft Heinz Company, The Tofurky Company, Inc., Tyson Foods, Inc., Wendy's Company, and Wild Fork Foods.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Packed Burgers Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Packed Burgers Market?
3. What are the technology trends and regulatory frameworks in the Packed Burgers Market?
4. What is the market share of the leading vendors in the Packed Burgers Market?
5. Which modes and strategic moves are suitable for entering the Packed Burgers Market?