Packaged Burgers Market Expected to Rise at 6.75% CAGR during 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Packaged Burgers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global packaged burgers market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the packaged burgers market?

The global packaged burgers market is expected to exhibit a growth rate (CAGR) of 6.75% during 2023-2028.

What is packaged burgers market?

Packaged burgers are food products prepared by placing various vegetables, pickles, sauces, and pre-cooked patties of vegetables and ground meat and beef inside the sliced buns. They are served with additional ingredients, including cheese, lettuce, tomato, onion, bacon, and chili, to enhance their flavor profile. At present, packaged burgers are refrigerated at a lower temperature to extend the product shelf-life, maintain their quality, mitigate the risk of contamination, and prevent food-borne diseases. Apart from this, packaged burgers are easy to prepare, due to which they are extensively used across fast food and takeaway restaurants. 

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What are the growth prospects and trends in the packaged burgers industry?

The growth of the global packaged burgers market can be attributed to the substantial expansion in the food and beverage (F&B) sector and the increasing need for processed, ready-to-eat (RTE) convenience consumer goods due to hectic lifestyles, busy schedules, and evolving consumer preferences. Additionally, the rapid establishment of fast food chains, diners, takeaways, and quick service restaurants (QSRs) with limited menus and the emerging trend of socializing at restaurants are also influencing product demand across the globe.

In line with this, the advent of gluten-free and high-protein packaged burgers with enhanced flavor in sustainable packaging solutions is further helping brands expand their product portfolio and consumer base, thus contributing to the market growth. Moreover, the outbreak of the coronavirus disease (COVID-19) pandemic and the consequent implementation of lockdown prompted consumers to use e-commerce platforms for ordering packed food products, which is positively stimulating the market growth. Other factors, such as the growing sales of packaged burgers and strategic collaborations amongst key players to create clean-labeled, plant-based product alternatives made from beetroot, bell pepper, and carrot extracts, are creating a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Patty:

Veg
Non-Veg

Breakup by Product:

Frozen
Fresh

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Beyond Meat
BUBBA foods LLC
Cremonini S.p.A.
PRAEGER'S SENSIBLE FOODS
Impossible Foods Inc.
J Sainsbury Plc
Nestlé S.A.
Paragon Quality Foods
Premium Brands Holdings Corporation
The Kellogg Company
The Kraft Heinz Company

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