PUNE,
India, July 23, 2024 /PRNewswire/ -- Stellar
Market Research, a leading Food & Beverage business research
firm has published a report on "Smoked Sausage Market". The report
states that the total market size for the Smoked Sausage Market was
USD 3586 Mn in 2023 and is expected
to grow at a CAGR of 3.8 percent through the forecast period,
reaching USD 4633.70 Mn by 2030. A
bottom-up approach has been used to analyze the market size.
Smoked Sausage Market Scope
Market Size in
2023
|
USD 3586 Mn
|
Market Size in
2030
|
USD 4633.70
Mn
|
CAGR
|
3.8 Percent
|
Forecast
Period
|
2024-2030
|
Base
Year
|
2023
|
Number of
Pages
|
225
|
No. of
Tables
|
141
|
No. of Charts and
Figures
|
215
|
Segment
Covered
|
By Product and
Application
|
Regional
Scope
|
North America, Europe,
Asia Pacific, Middle East and Africa, South America
|
Report
Coverage
|
Market Share, Size, and
Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
Get your Sample
PDF: https://www.stellarmr.com/report/req_sample/Smoked-Sausage-Market/2078
Key Player Offerings
- Alabama-based sausage maker,
Conecuh Sausage, is increasing its operations with a $58 million investment in a new production
facility in Andalusia. This growth
is expected to create 110 new jobs in the area. The company, known
for its hickory smoked sausages, aims to meet increasing demand for
its products while maintaining its original production location in
Conecuh County. State and local
officials have expressed enthusiasm for the project, highlighting
its positive economic impact on the region.
- Miami Beef Company has acquired Hofmann Sausage Company, a
Syracuse-based sausage and hot dog brand with a long history. The
acquisition, facilitated by Mentor Securities allows Miami Beef to
grow its product offerings and increase its market reach. The new
owner plans to invest in Hofmann's facilities and expand the
brand's distribution nationwide while maintaining its commitment to
the local community.
- Amylu Foods, a fully-cooked chicken producer, has acquired
Klement's Sausage Co., a Wisconsin-based sausage maker known for its
high-quality products. This acquisition marks a significant step in
Amylu's growth strategy, increasing its product offerings to
include snack sticks and summer sausages.
North America dominates the
Smoked Sausage Market
North America has been the
dominant region in the global smoked sausages market because of the
consumer preferences for meat consumption, changing tastes, and the
developed food industry. Processed meats like smoked sausages are
highly preferred in the United
States, where the average person consumes 124 kilograms of
meat yearly. This choice is consistent with the cultural love of
grilling and barbecues, which are present in over 75% of American
homes. The market is growing because of the rising demand for
ready-to-eat food items, as a result of the fast-paced lifestyles
of around 62% of working adults who are looking for quick meal
options. Diverse ethnic influences have a positive impact on the US
market as well, resulting in an abundance of sausage varieties and
tastes. For instance, in the past five years, kielbasa and chorizo
variations have grown 15% in popularity. A wider range of smoked
sausage items is now more easily accessible to customers because of
the rising popularity of e-commerce and online grocery shopping,
which increased by 35% in 2023. Organic and nitrate-free choices
now make up about 10% of all smoked sausage sales, reflecting the
market's noticeable shift toward health-conscious behaviors. With
their rapid growth rate of 27 percent per year, plant-based
sausages provide fresh growth prospects as they satisfy the
nutritional needs of the 9.7 million vegetarians in the US. Key
players like Beyond Meat, Impossible Foods, etc. have been
investing in the trend toward manufacturing and marketing
plant-based sausages inclining to the health consciousness and
sustainability.
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Hotels and Restaurants to grow at the Highest CAGR
The growing desire among consumers for high-quality dining
experiences and the emergence of culinary tourism has made the
segment dominant in the sausage market. In the United States, the restaurant industry
employs more than 15.6 million individuals and generates
$899 billion in annual sales,
indicating a strong foundation for the consumption of smoked
sausage. The adaptability of smoked sausages in a range of culinary
applications, from breakfast buffets to premium dining menus, has
led restaurants and hotels to embrace them. The popularity of
immersive dining experiences has made smoked sausages more
appealing by allowing them to be a part of many different cuisines,
from creative fusion cuisine to classic barbecue platters. The huge
rise in tourism, which was about 1.3 billion foreign arrivals
worldwide in 2023 significantly contributed to the growth
of the food service sector and is a major has majorly
contributed to the dominance of the segment. The number of
restaurants in Europe that serve
smoked sausages has been rising by 12% a year, indicating increased
popularity and demand. In addition, the popularity of street food
and outdoor eating has increased demand for smoked sausages in
informal surroundings. With a 7% yearly rise, food trucks and
pop-up restaurants frequently provide smoked sausage dishes in
response to the growing demand from customers for quick and tasty
meals. Seasonal and cultural celebrations are particularly
important; for example, the Oktoberfest in Germany and state fairs in the US draw
millions of people annually and feature smoked sausages as a main
attraction. The demand for smoked sausages has increased by 25%,
indicating that health-conscious customers have played a role in
the segment's growth. Due to this shift, restaurants are now able
to provide guests with healthier menu alternatives by sourcing
premium, sustainably farmed meats.
Smoked Sausage Market Key Players
- Eckrich
- Hillshire Farm
- Hormel Food
- Kiolbassa
- WH Group
- Johnsonville, LLC
- Cher-Make Sausage Company
- Others
Stellar Market Research a leading Food & Beverage
research firm, has also published the following reports:
Processed Meat Market: The market size was valued at
US$ 629.38 Bn. in 2023. The global
Processed Meat Market is estimated to grow at a CAGR of 6.54% over
the forecast period.
Canned Meat Market: The market size was valued at
USD 31.14 Bn. in 2023 and is expected
to reach USD 42.95 Bn. by 2030, at a
CAGR of 4.7%.
Artificial Meat Market: The market size was valued at
US$ 4.38 Bn in 2023. The Global
Artificial Meat Market is estimated to grow at a CAGR of 4.3% over
the forecast period.
Smoked Fish Market: The market size was valued at
USD 8.2 Bn. in 2023 and the total
Smoked Fish Market revenue is expected to grow at a CAGR of 5% from
2024 to 2030, reaching nearly USD 11.54
Bn. by 2030.
Deli Meat Market: The market size was valued at
USD 229.47 Bn. in 2023 and the Deil
Meat total revenue is expected to grow at a CAGR of 5.5% from 2024
to 2030, reaching nearly USD 333.80
Bn.
Vegan Egg Market: The market size was valued at
USD 1.92 Bn. in 2023 and the total
Vegan Egg revenue is expected to grow at a CAGR of 8.4% from 2024
to 2030, reaching nearly USD 3.38 Bn.
by 2030.
Animal Growth Promoters & Performance Enhancers
Market: The market size was valued at USD 17.54 Bn. in 2023 and the total Animal Growth
Promoters & Performance Enhancers Market size is expected to
grow at a CAGR of 6.10% from 2024 to 2030, reaching nearly
USD 26.55 Bn. by 2030.
About Stellar Market Research:
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SOURCE Stellar Market Research