Technavio: Top 3 Drivers for the Global Sandwiches Market
Technavio market research analysts forecast the global sandwiches market to grow at a CAGR of close to 5 percent during the forecast period, according to their latest report.
According to a release, the report further segments the global sandwiches market by type of filling (non-vegetarian and vegetarian), by product (fresh sandwiches and prepackaged sandwiches), and by geography (the Americas, APAC, and EMEA).
Technavio analysts highlight the following three market drivers that are contributing to the growth of the global sandwiches market:
-Mergers and acquisitions
-Increase in on-the-go consumption
-Millennials drive the market
Mergers and acquisitions are a major driver for the growth of the global sandwiches market. This is an attractive and growing sector with many untapped opportunities for vendors. Apart from the major markets in countries such as the US and Italy, most of the markets have not yet matured, which provides a large opportunity for companies to tap into the potential of the market. Larger companies are acquiring smaller companies to broaden their portfolio and to produce new and innovative products.
According to Manjunath Reddy, a lead analyst at Technavio for food research, "The food industry is witnessing large numbers of mergers and acquisitions. This has enabled large companies to extend their reach to relatively untapped areas that can drive the demand for their products. Apart from extending the portfolio for the acquirer, mergers and acquisitions bring a high amount of expertise for the target company. Therefore, it helps the existing business."
Urbanization has made changes in the lifestyle and dietary habits of consumers across the globe. There has been a substantial growth in the consumption of processed food products. Convenience or ready-to-eat food products such as sandwiches are becoming increasingly popular among consumers because they save time and effort and provide consistent taste. The demand for convenience food products is also increasing because of the hectic lifestyle of consumers.
The millennials segment is a significant consumer group in the global food industry. In 2016, millennials segment comprised more than 2 billion individuals across the globe. Millennials are the youngest generation of adult consumers between the ages of 18 and 35. They have become the key consumer base for restaurants because they are the most frequent and enthusiastic consumers of restaurant meals, who are eager to try new cuisines and new dishes from across the globe.
"Millennials are the majority consumers who prefer to eat at eateries and restaurants occasionally. They also prefer to hang out with friends at cafes and bakeries that provide beverages and light snacks. Snacks such as sandwiches are most tempting to these age group as they desire to taste every new flavor or product introduced in the market or try out the new cafes and restaurants for new experiences. Millennials are thus a major driving force for and will continue to fuel the growth of the global sandwiches market during the forecast period," says Manjunath.
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Alexandra Scarborough
Gilt and Sarah Jessica Parker Unveil SJP by Sarah Jessica Parker Bridal Collection for SpringSarah Jessica Parker, in partnership with Gilt, kicked off the exclusive launch of SJP by Sarah Jessica Parker Bridal, Gilt’s first foray into bridal ready-to-wear that would have Carrie Bradshaw swooning.
The collection includes dresses, skirts, bodysuits and other pieces, ranging in price from $295 to $2,395 and from sizes 0 to 14.
"Collaborating with Gilt on my first bridal ready-to-wear collection was an opportunity I couldn't pass up," said Sarah Jessica Parker. "The team there is brilliant and allowed me to be imaginative and take risks as I was designing for the non-traditional bride. It has been quite fun to play around with colors, fabrics and details to create unique pieces for all kinds of brides." The collection, comprised of ten styles, is inspired by Parker's vision of a modern, non-traditional bride, and is designed to dress a woman for a variety of wedding milestone moments; from her bridal shower through her wedding reception. Styles offered are a unique mix of classic dresses and gowns, modern bodysuits, full skirts, and a jumpsuit. The color palette includes traditional bridal white, sleek black, plus pops of blush, poppy, light gray and blue.
Designed in collaboration with Gilt, the collection was produced in New York City utilizing fabrics like cashmere and stretch crepe sourced from Spain, Italy and France.
The pieces all feature carefully curated details like elegant bows, sophisticated cutouts, feathers, intricate embroidery and beautiful hand-stitched beading.
The actress and style icon is no stranger to chic bridal wear. Carrie Badshaw, famously played by Parker, took part in an elaborate bridal photo shoot in Sex and the City: The Movie. The shoot featured gowns from designers like Christian Lacroix and Lanvin. Parker famously wore a black wedding gown for her own wedding to Matthew Broderick in 1997.
"Not only is Sarah Jessica Parker's style known around the world, her point of view is one-of-a-kind," says Tom Ott, Chief Merchant of Gilt. "Sarah Jessica brings her impeccable taste and fashion sensibility to life in this collection. We think our customers will be delighted with the offering which is stylish and well-priced in the bridal category."
As part of the bridal launch, Gilt will also offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear line, each of which are complementary to the bridal collection.
To correspond with the bridal collection launch, Gilt City will present offers from some of Sarah Jessica Parker's favorite places in New York City.
The offers were each chosen as a way to help brides plan for and celebrate the big day with highlights including, Leather Spa, Lars Nord Studio Tailoring, Mah-Ze-Dahr Bakery, among others.
More Information:
http://www.Gilt.com/SJP -
Alexandra Scarborough
Tea Forté Introduces ‘Matcha’ CollectionConvenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.
The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.
"The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."
Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.
According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.
Available now in select stores and online at teaforte.com.
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