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

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).

Breakfast sandwiches are growing more and more well-liked among consumers due to the egg protein they contain. Additionally, as awareness of the negative effects of food products based on chemicals has developed, customers' preferences have been shifting towards organic components. As a result, farmers are working very hard to manufacture organic bread, vegetables, and meat. Additionally, packaging has a big influence on what consumers decide to buy. Customers all over the world are choosing packaging that is sustainable and kind to the environment. The demand for pre-packaged sandwiches is rising as a result.

The highest percentage of non-vegetarian items was more than 70.0% in 2021. Non-vegetarian products are regarded as a reliable source of protein and crucial micronutrients including iron, zinc, and vitamins. Over the past few years, animal protein sources like bacon, sausage, chicken and egg white have been increasingly popular as sandwich fillings. The growing urbanisation of developing countries like China and Brazil has boosted infrastructure, particularly the cold chain, and driven the market for meat products. Additionally, among millennials seeking for a healthy ready-to-eat meal, a variety of packaged dishes produced with poultry meat, bacon, eggs, and fish have seen a considerable increase in popularity.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sandwiches Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

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.

Driver

The majority of the sandwich spread market is made up of fast food outlets and private residences. Global market growth is being fueled by millennials' rising desire for fast food, evolving consumer tastes, the westernisation of food meals, and an increase in disposable income. The widespread usage of snacks as a meal replacement throughout many parts of the world is a crucial element that is projected to fuel market expansion going forward.

Restraint

It is estimated that the market for sandwiches would not expand throughout the predicted time period due to a lack of new advancements. However, a shift away from traditional cooked dishes and towards fast-food consumption habits is the current trend among food processors and consumers. It is projected that the industry would develop as young people's food inventions grow due to their altering tastes.