The packaged burgers market share will post an incremental growth of USD 3.40 billion, progressing at a CAGR of 8.71% during the forecast period. The increasing number of new product launches will offer immense growth opportunities to market vendors. The packaged burgers market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Packaged Burgers Market by End-user and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The packaged burgers market is segmented by End-user (Frozen burgers, Chilled burgers, and Fresh burgers) and Geography (Europe, North America, APAC, South America, and Middle East and Africa).
The growth of the packaged burgers market size in the frozen burgers segment will be significant during the forecast period. In terms of geographic segmentation, the rise in the vegan population will facilitate the packaged burgers market growth in Europe. 42% of the market's growth will originate from Europe during the forecast period. The UK, Germany, and Italy are the key markets for packaged burgers market in Europe.
The increasing number of new product launches will directly influence the sales of packaged burgers market. In addition, the growing popularity of plant-based packaged burgers is one of the major packaged burgers market trends that will positively impact the market growth. However, factors such as the growing demand for burgers prepared in food service establishments will hamper the packaged burgers market growth.
Some of the major packaged burgers market vendors are Amys Kitchen Inc., Beyond Meat Inc., BUBBA foods LLC, Campbells Prime Meat Ltd., Cremonini SpA, DiLuigi Foods, Dr. Praegers Sensible Foods Inc., Eleven Foodgroup, Goodman Food Products Inc., Hilarys - Drink Eat Well LLC, Impossible Foods Inc., J Sainsbury Plc, Kellogg Co., Nestle SA, Paragon Quality Foods Ltd., Premium Brands Holdings Corp., Rangeland Foods Ltd., Schweid and Sons, The Burger Manufacturing Co. Ltd., and The Kraft Heinz Co.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the packaged burgers market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the packaged burgers market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the packaged burgers market.
Packaged burgers market industry growth across Europe, North America, APAC, South America, and Middle East and Africa.
