The Global Packaged Burgers Market was $2.60 Bn in 2020, and it is expected to reach $10.10 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 14.5% between 2020-2030. Due to rapid urbanization, changed lifestyle, shifting food consumptions behavior along with the busy day to day schedules of the consumer have increased the sales of the ready to eat foods like packaged burgers. With the increased demand for the ready to cook and ready to eat products have given rise to this product in the urban areas as here the working population gets less time to cook due to the busy schedules. So these reasons will help to accelerate the growth of the market during the forecasted period.
Global Packaged Burgers Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Packaged Burgers Market has been segmented into product, patty, and distribution channel. By Product – Frozen, Fresh. By Patty- Veg, Non-Veg. By Distribution Channel – Supermarkets and Hypermarkets, Convenience Stores, Online. By Geography – Europe, Asia Pacific, North America, Middle East and Asia, South America.
By Region, Europe Is Holding the Major Market Share
The Global Packaged Burgers Market has been geographically divided into Europe, Asia Pacific, North America, South America, Middle East and Africa. In addition to this, Europe Global Packaged Burgers Market is holding the largest market share at present and is also estimated to witness remarkable growth during the forecasted period. This is mainly because the consumers in this region are now looking for the sustainable foods production, healthy diet, convenience and food safety. Keeping this growing trend in mind there are many producers that are looking for healthy options for the health conscious consumers. There are also many companies that are offering whole grain bread along with the vegan options for the consumers. Besides this Asia Pacific is also estimated to witness remarkable growth during the forecasted period.
Major Players in the Global Packaged Burgers Market
Some of the key players in the Global Packaged Burgers Market include include Beyond Meat, BUBBA Foods, LLC, Kellogg’s, The Kraft Heinz Company, Nestle, Paragon Quality Foods, Impossible Foods, Inc., Cremonini S.p.A., Premium Brands Holdings Corporation, DR. PRAEGER’S SENSIBLE FOODS, Bid Corp. Ltd., J. Sainsbury PLC.
The Global Packaged Burgers Market Has Been Segmented Into:
Global Packaged Burgers Market, By Product
Global Packaged Burgers Market, By patty
Global Packaged Burgers Market, By distribution Channel
Global Packaged Burgers Market, By Region