Expert Market Research’s new report titled “Global Packaged Hamburgers Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, provides an in-depth analysis of the global Packaged Hamburgers Market, assessing the market on the basis of its segments like product type and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 8.2%
The market is mainly driven by increasing levels of urbanization, which has led to changes in consumer lifestyles. The growing global workforce, along with their busy work schedules, is driving the adoption of on-the-go eating habits. Additionally, the growing popularity of casual dining business among consumers, combined with the booming food and beverage industry, is driving the demand for packaged burgers. As consumers become more health-conscious, many companies are offering vegan, high-protein, gluten-free, and other frozen variations of burgers to meet dietary needs and expand their customer base.
Industry definition and major segments
Patties of cooked ground meat or vegetables are placed in sliced buns and topped with a variety of sauces in wrapped burgers. They are then accompanied by tomato, lettuce, cheese, onion, pickles and other condiments. Compared to freshly prepared burgers, these burgers are stored at lower temperatures and have a longer shelf life. Moreover, they are simple to prepare and are widely used in food establishments such as diners and fast food joints.
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The Packaged Burgers Market can be broadly categorized based on the products into:
• Frozen burgers
• Refrigerated burgers
• Fresh burgers
• North America
• Latin America
• Middle East
The global packaged burger market is driven by the growing acceptance of plant-based packaged burgers. Frozen burgers have a longer shelf life and are sold as ready-to-cook meals, helping to drive demand for packaged burgers as consumers seek more convenient eat-in options. Packaged vegan burgers are becoming increasingly popular in North America and Europe as the vegan population in the US and UK grows.
Main market players
Major players in the market are Beyond Meat, Inc. (NASDAQ: BYND), BUBBA food LLC, Kellogg Co., Paragon Quality Foods Ltd., The Kraft Heinz Co. and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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