According to a new report published by Allied Market Research, titled, โLow Fat Sausage Market,” The Low Fat Sausage Market Sizeย was valued at $2.5 billion in 2021, and is estimated to reach $4.8 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.ย
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ง๐ต๐ฒ ๐ ๐ซ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ข๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-sample/32236
The global food & beverage industry has witnessed robust growth in the last few years driven by innovation in food system, improved logistics, increase in affordability, development of global trade, and increase in consumer spending. Furthermore, the food & beverage industry has been evolving continuously according to consumer requirements. In addition, the demand for convenience and packaged food has increased multifold, owing to consumer preference toward low fat, ready-to-eat and cost-effective food.
Furthermore, the expansion of the food processing industry is expected to boost the demand for fast food, which, in turn, is likely to positively impact the demand for meat and meat substitutes including sausages all around the world. Thus, all these factors collectively drive the growth of the global market.
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According to the Low Fat Sausage Marketย players, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the distribution channels were nearly shut down in the first quarter of the pandemic. However, online channels such as amazon and flipkart were delivering the products. The key players analyzed in the report are Atria Plc., Beyond Meat, Heck Food Ltd, Hormel Foods corp., JBS S.A., Johnsonville LLC., Nestlรฉ S.A., Premium Brands Holding Corporation, Tyson, and WH Group Limited.
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North America to maintain its dominance by 2031
Based on region,ย North Americaย was the largest market in 2021, capturing nearly two-fifths of the global low fat sausage market, and is expected to lead the trail during the forecast period. The North American low fat sausage market is anticipated to expand rapidly due to the surge in working population, increase in disposable income of consumers, high demand for ready-to-cook & ready-to-eat food products, and an increase in number of players entering the market.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ (331 ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ):https://www.alliedmarketresearch.com/checkout-final/ecd337f1ad3d8d4ed35e754bacc2ce5a
The use of blockchain technology in the animal meat industry is at nascent stage. The use of blockchain technology ensures transparency, traceability, efficiency, and sustainability in the animal meat industry. The awareness regarding the meat quality and traceability is growing in the meat industry and the use of blockchain technology can provide assurance related to meat quality and enhance traceability. In 2020, the JBS announced โTogether for the Amazonโ program under which JBS will be increasingly use the blockchain technology to achieve sustainability and conserve the forest of Amazon.
The growing adoption of smartphones, growing penetration of internet, and growth of e-commerce platforms is boosting the growth of the processed meat market across the globe. Moreover, the growing penetration of online food delivery platforms such as Uber Eats, Swiggy, and Zomato is boosting the sales of meat products including sausages among the millennials.
Key findings of the study
- On the basis of type, chicken sausage dominated the global Low Fat Sausage Market in the year 2021 and is likely to remain dominant during the forecast period.
- On the basis of end users, the residential segment is likely to be the fastest-growing segment with a CAGR of 7.9% during the forecast period.
- On the basis of the distribution channel, the online sales channel is likely to be the fastest-growing segment with a CAGR of 9.0% during the forecast period.
- Region-wise, North America dominated the global Low Fat Sausage Market in the year 2021 and is likely to remain dominant during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/32236
Based on end user, the commercial segment held the largest market share of four-fifths of the global low fat sausage market in 2021, and is expected to maintain its dominance during the forecast period. This is due to the growing demand for commercial areas such as restaurant and cafรฉ as places for consumers to socialize and spend time with new and different food.
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