The global pre-packaged sandwiches products market was valued at USD 34.5 billion in 2022 and is expected to register a CAGR of 5.5% from 2023 to 2030. Pre-packaged sandwiches are snack items, which are widely consumed in the United States and European countries. The growth of the market is driven by the increasing demand for convenience food items due to the hectic lifestyle of consumers. Moreover, the increasing number of working professionals, as well as the rising trend of eating out, is also expected to drive the growth of the market.

The growing awareness about the health benefits of pre-packaged sandwiches is one of the key factors driving the growth of the market. For instance, in August 2021, the American Dietetic Association certified the sandwiches of Quiznos as heart-healthy. The certification is provided to sandwiches that meet the American Heart Association’s criteria for saturated fat and cholesterol. Furthermore, the expanding breakfast sandwich segment is also driving the demand for pre-packaged sandwiches. For instance, in June 2021, Beyond Meat, Inc., launched a breakfast sandwich in the United States. The breakfast sandwich is made with Beyond Beef, an egg patty, and a dairy-free cheese slice.

The increasing number of product launches by market participants is expected to further support the growth of the market. For instance, in October 2021, Subway launched a new line of sandwiches in the United States. The new range of sandwiches includes the Italiano Subs, which are made with premium ingredients such as salami and pepperoni. Furthermore, the introduction of new flavors and ingredients is also expected to boost the demand for pre-packaged sandwiches. For instance, in December 2021, Subway launched a new range of sandwiches with a new flavor, garlic butter.

The growing demand for healthy and nutritious products is also driving the market. Market players are focusing on introducing products that are low in fat and calories. For instance, in November 2021, Subway launched a new range of ‘Healthy Options’ sandwiches that are low in fat and calories. The new range of sandwiches includes the Fajita Chicken Wrap and the All-Veggie Wrap. The growing demand for vegan sandwiches is also driving the market. For instance, in May 2021, Subway launched a vegan patty in the United States. The vegan patty is made with a combination of plant-based proteins and vegetables.

The increasing demand for online delivery of pre-packaged sandwiches is also driving the market. The availability of a wide variety of these products online is accelerating the demand. Moreover, the e-commerce platform further provides various offers on these products, which is boosting online sales. For instance, in February 2021, Subway launched an online delivery platform in the United States. The platform allows customers to order their favorite sandwiches from the comfort of their own home.

Pre-packaged sandwiches are among the highest selling products in the market and are projected to witness a CAGR of 5.8% over the forecast period. Growing consumer preference for convenient food products, rising disposable income, and increasing demand for innovative products are some of the key factors driving the market growth. According to an article published by the Hartman Group, in April 2020, nearly two-thirds of consumers said that convenience is the leading factor when selecting a food product. Additionally, rising health awareness among consumers and increasing demand for low-calorie and healthy options such as sandwiches and wraps, is expected to drive the market growth.

The market is witnessing increasing demand for ready-to-eat sandwiches as they provide convenience to consumers and can be consumed on the go. Furthermore, easy availability of pre-packaged sandwiches in supermarkets, convenience stores, and online stores is also boosting the demand for pre-packaged sandwiches. Moreover, manufacturers are introducing innovative flavors and ingredients to meet the changing consumer preference, which is expected to drive the market in the near future.

In 2022, the supermarkets and hypermarkets segment captured the major share of over 45.7%. Supermarkets & hypermarkets are the most preferred distribution channel for the purchase of pre-packaged sandwiches as customers prefer to buy these products from a well-organized store. Supermarkets and hypermarkets provide a wider variety of pre-packaged sandwiches to the customers at reasonable prices. In addition, these stores also provide ready-to-eat sandwiches to the customers.

The online segment is expected to expand at the highest CAGR of 11.3% over the forecast period. The increasing penetration of internet has enabled consumers to purchase pre-packaged sandwiches through e-commerce websites and mobile applications. Online stores provide a wide variety of pre-packaged sandwiches to the customers at reasonable prices. Moreover, these stores provide discounts and offers on the purchase of pre-packaged sandwiches, which is driving the segment growth.

The pre-packaged sandwiches market is bifurcated into two segments, namely, hot sandwiches and cold sandwiches. The cold sandwiches segment dominated the market in terms of revenue and accounted for more than two-third of the total market share in 2022. The rising popularity of convenience food items, such as pre-packaged sandwiches, is driving the market. Furthermore, the rising trend of snacking throughout the day is also driving the demand for pre-packaged sandwiches.

The hot sandwiches segment is expected to expand at the highest CAGR of 7.5% during the forecast period. The introduction of innovative flavors for hot sandwiches, such as grilled chicken, bacon, and egg, is gaining traction among the consumers. Furthermore, the availability of hot sandwiches in convenience stores, supermarkets, and online stores is also driving the demand for the segment. For instance, in May 2021, Subway introduced a new range of hot sandwiches, such as Bacon & Egg and Grilled Chicken & Bacon. These sandwiches are made using fresh ingredients and are available in Subway outlets as well as convenience stores.

Europe is expected to account for the largest revenue share in the pre-packaged sandwiches market. This can be attributed to the presence of well-established players in the region, such as Subway, Greggs, and Pret A Manger. Moreover, the growing demand for healthy and convenient food options is also driving the growth of the market in the region. For instance, in April 2021, Greggs launched a range of vegan sandwiches in the UK.

The Asia Pacific region is expected to witness the fastest growth in the coming years. This can be attributed to the increasing demand for convenience food owing to the changing lifestyle of consumers in the region. Additionally, the growing popularity of international cuisines, such as Italian and Mexican, is further expected to fuel the growth of the market in the region. For instance, in January 2021, Subway launched a range of Mexican sandwiches in India.

In this part of the pre-packaged sandwiches products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the pre-packaged sandwiches products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenue for a pre-packaged sandwiches products business comes from sales of the products. Here you will find a list with a description of each of them and other possible sources of profit such as sponsorship, discounts, and bundle sales.

Projecting Expenses

In this section, all the regular expenses related to keeping the pre-packaged sandwiches products business running will be described. The list of operating expenses includes purchasing ingredients, wages, packaging materials, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the pre-packaged sandwiches market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Subway launched the new ‘Subway Signature Wraps’ range, which includes five different flavors of wraps.

– In August 2022, Jimmy John’s launched the ‘Little John’ range of sandwiches, which are pre-packed and ready to eat.

– In October 2022, Panera Bread launched its new range of sandwiches, which are made with natural ingredients and preservative-free.

Some of the prominent players in the pre-packaged sandwiches market include:

– Subway
– Jimmy John’s
– Panera Bread
– Arby’s
– Potbelly Sandwich Shop
– Quiznos
– McAlister’s Deli
– Firehouse Subs
– Schlotzsky’s
– Jersey Mike’s Subs

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global pre-packaged sandwiches market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Pre-made Sandwiches
– Wraps
– Submarine Sandwiches
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Hot
– Cold

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Pre-packaged Sandwich Products?
[A]: The pre-packaged sandwiches market is projected to witness significant growth over the forecast period, driven by factors such as the convenience of ready-to-eat meals, rising disposable incomes, and changing dietary habits. Pre-packaged sandwiches offer convenience, portability, and a wide variety of flavors and fillings, which makes them an attractive option for consumers. Furthermore, manufacturers are introducing new flavors and products to attract new customers and to retain existing ones.

[Q]: Who are the Key Players in the Pre-packaged Sandwiches Market?
[A]: Key players in the pre-packaged sandwiches market include Nestlé S.A., Unilever PLC, Tyson Foods Inc., Conagra Brands Inc., McCain Foods Limited, Kraft Heinz Company, and Hormel Foods Corporation.

[Q]: Which Region Offers the Largest Opportunity for Sales of Pre-packaged Sandwiches?
[A]: North America is expected to be the largest market for pre-packaged sandwiches, owing to the presence of a large number of manufacturers, a large number of outlets, and a high demand for convenient food products.

[Q]: What are the factors driving the pre-packaged sandwiches market?
[A]: The pre-packaged sandwiches market is driven by factors such as the convenience offered by these products, the increasing demand for ready-to-eat products, rising disposable incomes, and the changing dietary habits of consumers. Additionally, manufacturers are introducing new flavors and products to attract new customers and to retain existing ones.