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NEW YORK -- Americans' fondness for sandwiches resulted in a market worth more than $121 billion in 2005, according to "Sandwiches in the U.S.: Foodservice and Retail Market and Trends," a report from Packaged Facts here.
The company forecasts that the market for prepared sandwiches will keep growing exponentially, attributable in part to the runaway popularity of sandwich chains such as Quizno's and Subway, which boast a wide range of offerings. In fact, sandwich shops raked in the largest revenue growth from 2003 to 2005, while at the same time adding locations faster than any other sandwich segment.
Channels such as retail outlets, warehouse clubs, and c-stores haven't been slow to capitalize on sandwiches' success however: The entree accounts for 25 percent of total U.S. foodservice sales.
"With the introduction of paninis and international flavor profiles, the opportunity to raise sandwiches to a new art form has taken place as even local delis and convenience stores have begun to upscale and add health-infused ingredients to their sandwich arsenals," said Packaged Facts publisher Don Montuori. "Sales in retail outlets now surpass sandwich chains, and restaurants sales, which dominate the market with more than half of sandwich revenues, show no signs of slowing up."
The report examines the current and future market, detailing the role of sandwiches in retail, commercial, and noncommercial foodservice outlets, and identifying trends driving sales and sandwich innovation. Priced at $1,995, "Sandwiches in the U.S." is available at http://www.packagedfacts.com/pub/1272014.html and MarketResearch.com.
Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer industries, including food and beverage, and demographics.