Global Packaged Burgers Market Size To Exceed USD 13.72 Billion By 2033 | CAGR of 7.81%
Category: Food & BeveragesGlobal Packaged Burgers Market Size To Exceed USD 13.72 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Packaged Burgers Market Size is Expected to Grow from USD 6.47 Billion in 2023 to USD 13.72 Billion By 2033, at a CAGR of 7.81% during the Forecast period 2023-2033.
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Browse key industry insights spread across 235 pages with 117 Market data tables and figures & charts from the report on the "Global Packaged Burgers Market Size, Share, and COVID-19 Impact Analysis By Patty (Veg and Non-Veg), By Product (Frozen and Fresh), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/packaged-burgers-market
The packaged burgers product market refers to pre-prepared, usually frozen or chilled, ham burger patties marketed in retail packs, intended for convenience and ease of use, usually available in supermarkets or convenience stores. It is made up of cooked patties (made of meat, vegetables, or plant-based proteins) placed within buns, usually topped with lettuce, tomato, cheese, and sauces. The market is growing as a result of increasing demand for convenience food items among health-aware consumers. Additionally, companies are responding to this by launching new product lines, such as plant-based burgers from ingredients like Carrot, Beetroot, and Bell Pepper. These burgers provide dietary patterns that align with different consumer lifestyles. Furthermore, the convenience need is propelling growth for ready-to-cook as well as pre-packaged burgers segments. The ease of preparation from new packaging and product form innovations can be tapped into by companies to offer solutions for easy preparation in busy lives. Frozen and refrigerated burgers delivering high quality with ease of preparation fall within this trend. However, the packaged burgers market is challenged by economic conditions, and consumer demand for low-cost alternatives can restrict premium product expansion. Additionally, the environmental footprint of packaging materials and manufacturing processes is being questioned, compelling companies to go green.
The veg segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the patty, the global packaged burgers market is divided into veg and non-veg. Among these, the veg segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by increased health awareness, food preferences like vegetarianism and veganism, and increased interest in sustainable food options among consumers globally. Moreover, the growing awareness and concerns regarding animal well-being, environmental sustainability, and health and wellness considerations are supporting the market share of packaged burgers.
The frozen segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the product, the global packaged burger market is categorized into frozen and fresh. Among these, the frozen segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to convenient food items made of a pre-cooked or semi-cooked patty, usually beef, chicken, turkey, or vegetarian. They are packaged individually and frozen to ensure freshness and longer shelf life. Additionally, they are convenient for consumers as they provide fast preparation alternatives, usually requiring easy heating in a microwave oven, regular oven, or grill.
The supermarket/hypermarket segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on distribution channels, the packaged burgers product market is segmented into supermarket/hypermarket, convenience stores, online, and others. Among these, the supermarket/hypermarket segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to providing extensive shelf space and product variety to meet different consumer tastes. These distribution channels offer convenient access to a broad variety of frozen and refrigerated burgers, both meat-based and plant-based.
Europe is expected to hold the majority share of the global packaged burgers market during the forecast period.
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Europe is expected to hold the majority share of the global packaged burgers market during the forecast period. Europe dominates the market because growing number of working professionals, the increasing immigrant population, and the ballooning spending powers of consumers. Additionally, the availability of major market players in the region is also generating a positive scenario for the overall market.
North America is anticipated to grow at the fastest pace in the global packaged burgers market during the forecast period. North America is rapidly growing due to rising awareness of the benefits involved with the product, rising usage by pet owners, and increased usage in soups, sauces, dips, and other foods. Moreover, increasing health awareness among consumers has seen them develop a desire for high-quality, sustainable ingredients, which has seen companies launch healthier packaged burger foods.
Major vendors in the global packaged burgers market BUBBA foods, LLC, Dr. Praeger’s Sensible Foods., Drink Eat Well, LLC., WK Kellogg Co, Monde Nissin, Paragon Quality Foods & Paragon Foodservice, The Kraft Heinz Company, Amy's Kitchen, Inc, Beyond Meat Inc, The Campbell's Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Devlopment
- In August 2023, Actual Veggies, the palates of the health-conscious consumer the launched its newest frozen innovations the Black Bean Veggie Burger and the Super Greens Veggie Burger.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the packaged burgers market based on the below-mentioned segments:
Global Packaged Burgers Market, By Patty
- Veg
- Non- Veg
Global Packaged Burgers Market, By Product
- Frozen
- Fresh
Global Packaged Burgers Market, By Distribution Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Others
Global Packaged Burgers Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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