Sandwich & Sub Restaurants in the US - Industry Market Research Report
Description
Sandwich & Sub Restaurants in the US
Sandwiches have been diet staples for decades. Customization, affordability and convenience have historically kept sales strong even as tastes, the economy or work-life balances change. In recent years, rising incomes have supported higher spending on food away from home, like sandwiches, supporting the growth of sandwich chains and local, high-end delis alike. Yet, the COVID-19 pandemic's sudden impact on how people lived introduced unprecedented volatility into a stable industry. Consumers turned away from quick service in-person meals to at-home cooking, while work-from-home settings dropped lunchtime sales from commuters. Adoption of food delivery apps helped sandwich shops mitigate the drop-off in sales, but not enough to stunt huge losses. Easing pandemic concerns brought consumers back to sandwich counters, with pent-up demand for everyday experiences like grabbing lunch helping recoup some losses. Still, labor shortages, high inflation and elevated food prices make it challenging for sandwich shops' to fully recover post-COVID. In all, revenue has been expanding at a CAGR of 1.8% to an estimated $45.2 billion over the past five years, including expected growth of 1.9% in 2023, when profit is set to total 5.3%.
This industry specializes in preparing and serving an assortment of sandwiches. Purchases may be consumed on-site, taken out or delivered.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Sandwiches have been diet staples for decades. Customization, affordability and convenience have historically kept sales strong even as tastes, the economy or work-life balances change. In recent years, rising incomes have supported higher spending on food away from home, like sandwiches, supporting the growth of sandwich chains and local, high-end delis alike. Yet, the COVID-19 pandemic's sudden impact on how people lived introduced unprecedented volatility into a stable industry. Consumers turned away from quick service in-person meals to at-home cooking, while work-from-home settings dropped lunchtime sales from commuters. Adoption of food delivery apps helped sandwich shops mitigate the drop-off in sales, but not enough to stunt huge losses. Easing pandemic concerns brought consumers back to sandwich counters, with pent-up demand for everyday experiences like grabbing lunch helping recoup some losses. Still, labor shortages, high inflation and elevated food prices make it challenging for sandwich shops' to fully recover post-COVID. In all, revenue has been expanding at a CAGR of 1.8% to an estimated $45.2 billion over the past five years, including expected growth of 1.9% in 2023, when profit is set to total 5.3%.
This industry specializes in preparing and serving an assortment of sandwiches. Purchases may be consumed on-site, taken out or delivered.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
40 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
