Sandwiches Market in Europe Size to grow by USD 5.67 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Sandwiches Market in Europe. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: According to Technavio, the Europe sandwiches market is a segment of the global packaged foods and meats market, which falls under the food products sector in the larger food, beverage, and tobacco industry. The market size is determined by the consolidated revenue of the participating vendors. It's important to note that this market does not encompass food processing equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages, including bottled waters. The expansion of the global packaged foods and meats market will be fueled by several factors, including the health benefits linked to the consumption of minimally processed foods. Minimally processed items, such as vegetables, are nutrient-dense, providing essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. - The Sandwiches Market in Europe is experiencing significant growth, fueled by the Rising demand for ready-to-eat food products. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Rising demand for ready-to-eat food products
  • Growing demand from millennials
  • Stringent government regulations in food industry
  • Fluctuations in raw material prices for sandwiches
• Growth Projections

The market size is estimated to grow by USD 5.67 billion, at a CAGR of 4.71% during the forecast period. The vegan population in Europe is experiencing significant growth, with an increasing number of individuals adhering to a vegan lifestyle, abstaining from the consumption of animal products. This trend poses a potential threat to the non-vegetarian segment of the European sandwiches market. Driven by factors such as ethical considerations, health benefits, and environmental concerns, the vegan population has witnessed exponential growth in recent years. According to the European Commission, EU meat consumption per capita is projected to decrease from 69.8 kg in 2018 to 67 kg by 2031, signifying the growing preference for plant-based diets. Consequently, the vegetarian sandwich segment has experienced substantial growth, with a threefold increase in the last decade.

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• Regional Insights

The UK sandwiches market is experiencing substantial growth, driven by the proliferation of modern retail chains and the rising preference for indulgent snacking among consumers. According to the British Sandwich Association (BSA), approximately 10 billion sandwiches are consumed annually in Britain, with an equal split between homemade and purchased options. The packaged sandwiches segment holds a dominant position in the market due to the increasing demand for convenient, on-the-go meals, as a result of the hectic lifestyles of the populace.

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