Global Sandwiches Market 2017-2021
A sandwich usually contains fillings like vegetables, meat, or cheese, which are placed on or between slices of bread. Sandwiches are generally eaten for breakfast or lunch, and is also consumed as a light snack. Sandwiches can be conveniently carried as a lunch food to school, work, and picnics. The bread used in sandwiches can be of different types, such as plain or multigrain, coated with mustard or mayonnaise to enhance the texture and taste. Approximately, 57% of the commercially available sandwiches are made with traditional square sandwich bread.
Technavio’s analysts forecast the global sandwiches market to grow at a CAGR of 4.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sandwiches market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sandwiches Market 2017-2021
Technavio recognizes the following companies as the key players in the global sandwiches market: Arby’s IP Holder, Greggs, Jimmy John's Franchisor, SUBWAY, and WENDY'S.
Other Prominent Vendors in the market are: Around Noon Sandwiches, Australian Convenience Foods, Dairy Queens, EAT, Firehouse Restaurant Group, Ginsters, Greencore Group, Hillshire Brands, Impress Sandwiches, DMI, Jersey Mike's Sub, Martins Moston, McDonald's, Panera Bread, Pita Pit, Potbelly Sandwich Works, Pret A Manger, Quizno's Master, and Roly Poly.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of new varieties and innovative products. The introduction of new and innovative varieties of sandwiches by the major players in the market to cater to the changing tastes and preferences of consumers is boosting the growth of the global sandwiches markets. Consumers are demanding innovative and different types of sandwiches. Vendors are coming up with premium products, which they claim to be made from better and high-quality ingredients.”
According to the report, one driver in the market is mergers and acquisitions. Mergers and acquisitions constitute a major driver for the growth of the global sandwiches market, which is an attractive and growing sector with a large number of untapped opportunities for vendors. Apart from the major markets in countries such as the US and Italy, most of the markets have not yet matured, and this provides a large opportunity for companies to tap into the potential of the market. Larger companies are acquiring smaller companies to broaden their portfolio and to produce new and innovative products.
Further, the report states that one challenge in the market is product recalls owing to contamination. One of the major challenges for the market’s growth is the number of product recalls due to various issues, such as quality, packaging, bacterial contamination, and several others. Contamination issues are also seen in products that are exported to international markets. Due to contamination issues, consumers may lose confidence in the products and stop purchasing them. Most vendors purchase bread for making sandwich from third-party suppliers. Improper handling of the raw materials may adversely affect the safety and quality of the sandwich. A single product recall can have a major negative impact on a company’s reputation and trust, affecting the loyalty of the consumers. A company may incur a heavy monetary loss due to a product recall.
Arby’s IP Holder, Greggs, Jimmy John's Franchisor, SUBWAY, and WENDY'S, Around Noon Sandwiches, Australian Convenience Foods, Dairy Queens, EAT, Firehouse Restaurant Group, Ginsters, Greencore Group, Hillshire Brands, Impress Sandwiches, DMI, Jersey Mike's Sub, Martins Moston, McDonald's, Panera Bread, Pita Pit, Potbelly Sandwich Works, Pret A Manger, Quizno's Master, Roly Poly
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