ID: MRFR/F-B & N/8954-HCR | March 2021 | Region: Global | 90 pages
Global Packaged Salami, Sausage & Bacon Market size is projected to reach USD 8,868.39 Million by 2027, at a CAGR of 5.2% from 2020 to 2027. The demand for packaged salami, sausage & bacon is increasing owing to consumer inclination toward convenience snacking. Coriander and vinegar are some of the common seasonings for salami. Sodium and sugar are some of the common seasonings for sausages. Also, salt, pepper, spices, herbs, and lemon are some of the common seasonings for bacon. Packaged salami, sausage & bacon are processed meat products. Manufacturers of packaged salami, sausage & bacon are offering innovative products to stay ahead in the competition. For instance, Hormel Foods Corporation offers packaged sausage flavored with craft beer. Also, Grain Farm Organic offers gluten-free, organic sausages. The increasing demand for gluten-free and organic products among consumers across the globe is also creating an opportunistic market for the players that are offering options of gluten-free and organic products to consumers.
The outbreak of COVID-19 globally has resulted in creating immense pressure across supermarkets & hypermarkets, convenience stores, and food suppliers. This has led to an increased sale of convenience food such as packaged salami, sausage & bacon as the consumers are involving in pantry stockpiling of shelf-stable foods. The stockpiling practice has led to a sudden hike in the market value of the global packaged salami, sausage & bacon market in 2020 which will normalize with stable situation from the outbreak. In response to coronavirus pandemic, consumers are put under lockdown with several countries imposing stay-at-home orders. This is rapidly accelerating the transition to e-commerce.
The global packaged salami, sausage & bacon market has witnessed moderate growth in recent years. In recent years, consumers have shifted from traditional three-course meal per day and shifted into increased snacking or multiple small meals throughout the day. The rising number of consumer stores, increasing brand visibility, and changing eating habits among consumers have escalated the demand for packaged salami, sausage & bacon. To cater to the trending consumer needs, market players are focusing on the launch of innovative products such as organic claims, and novel flavors. Moreover, manufacturers have adopted innovative and unique packaging solutions that help preserve the freshness and shelf life of the product.
Innovations in product flavors
By Meat Type
By Meat Type
By Distribution Channel
|Market Size||USD 8,868.39 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Meat Type, Category, Distribution Channel and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Tyson Foods Inc. (US), Hormel Foods Corporation (US), Conagra Brands, Inc. (US), WH Group Limited (China), JBS S.A. (Brazil), Maple Leaf Foods (Canada), Fresh Mark, Inc. (US), Great British Meat Co. (UK), Seaboard Corporation (US), Cremonini S.p.A. (Italy)|
|Key Market Opportunities||
|Key Market Drivers||