Packaged Salami, Sausage & Bacon Market Research Report - Global Forecast till 2027

Global Packaged Salami, Sausage & Bacon Market Research Report: Information By Product Type (Salami, Sausage and Bacon), Meat Type (Pork, Chicken, Beef, Others), Category (Standard and Ready-to-Eat), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Convenience Stores and Others} and Non-Store Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/F-B & N/8954-HCR | March 2021 | Region: Global | 90 pages

Market Scenario


Global Packaged Salami, Sausage & Bacon Market size is projected to reach USD 8,8 billion by 2027, at a CAGR of 5.20% 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.


Market Synopsis


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.


Market USP


Innovations in product flavors


Market Drivers



  • Increasing Demand for Convenience Snacks: Rapid changes in consumer tastes and preferences in recent years, along with the changing lifestyle, has created a high dependency on the convenience snacks such as salami, sausage & bacon. The trend of consumption of convenience snacks started in western countries and has spread to other regions rapidly.

  • High Demand for Processed Meat Products

  • Growth of the Organized Retail Sector in Developing Countries


Market Restraints



  • Regulatory Framework


Segmentation


By Meat Type



  • Salami

  • Sausage: This segment accounted for the largest market share in 2019 and is projected to grow at a moderate pace during the forecast period. Key players are coming up with several new products to retain the competitive market share at a global level is anticipated to drive the demand for packaged sausage among consumers.

  • Bacon


By Meat Type



  • Pork: This segment accounted for the largest market share in 2019 and is projected to grow at a moderate pace during the forecast period. The wide availability of products among various manufacturers is anticipated to drive the demand for packaged salami, sausage & bacon made from pork among consumers.

  • Chicken

  • Beef

  • Others


By Category



  • Standard

  • Ready-to-Eat: This segment accounted for the lower market share in 2019 and is projected to grow at the highest growth rate during the forecast period. The ready-to-eat segment's growth can be attributed to the high demand for cured sausages, salami & bacon. Furthermore, the consumption of processed meat products has been increasing among consumers due to the consumers' hectic lifestyles and the introduction of several new products. Processed meat & poultry products come in several varieties, and the availability of these products is high, which are the major growth drivers in the market.


By Distribution Channel



  • Store-Based: The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. The supermarkets and hypermarkets sub-segment is expected to be the largest as these channels account for the maximum sales of packaged salami, sausage & bacon. Convenience stores also play a significant role in the distribution of packaged salami, sausage & bacon.

  • Non-Store-Based


By Region



  • North America: North America dominated the global packaged salami, sausage & bacon market in 2019 and is expected to continue during the forecast period. The consumer inclination towards intermediate snacking is anticipated to boost the demand for packaged salami, sausage & bacon. Moreover, expanding food industry and a wide variety of products by various manufacturers further propels the growth of packaged salami, sausage & bacon market.

  • Europe

  • Asia-Pacific: Asia-Pacific is expected to grow at a moderate pace during the forecast period. The significant factors for the rising growth of packaged salami, sausage & bacon are the increasingly hectic lifestyles of the consumers and the popularity of convenient food products in the emerging economies.

  • Rest of the World


Key Players



  • 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)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 8,8 Million
  CAGR   5.20% (2020-2027)
  Base Year   2020
  Forecast Period   2020-2027
  Historical Data   2018-2019
  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

  • Rising number of consumer stores
  • Increasing brand visibility
  • Changing eating habits
  •   Key Market Drivers

  • Increasing Demand for Convenience Snacks
  • High Demand for Processed Meat Products
  • Growth of the Organized Retail Sector in Developing Countries