Sales of Hams to Expand at 3% CAGR Through 2030 The global hams market is anticipated to reach a valuation of over US$ 47billion by 2030, growing at a CAGR of over 3% during the forecast period (2020-2030). A spike in number of food outlets and quick service restaurants (QSRs) across the globe continues to fuel the global hams market growth. Manufacturers of hams are benefiting directly from increased consumer demand for processed meat products and improved cold chain systems. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4827 Presently, due to the Covid-19 outbreak, the hams market is experiencing significant setbacks. Disruptions in global supply chain, challenges in raw material procurement, and movement restrictions are creating sales and logistical nightmares for market players. Furthermore, mass closure of restaurants and foodservice markets, which account for almost half of the overall ham consumption, continues to generate stagnancy in the global hams market. Key Takeaways of the Global Hams Market Study
China leads the global hams market, capturing a market share of over 45% in 2020. The country holds a large number of established meat processors and emerging ham facilities. Fresh/chilled hams remain highly preferred over their frozen counterparts and are expected to account for over 65% of the total sales by 2030. Strong demand for fresh/chilled hams from households and retail and foodservice chains continues to offer tailwinds to the market growth. During the last five years, household demand for hams has been on a significant rise, attributing to robust expansion of retail chains and high popularity of e-Commerce platforms.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4827 Hams Market: Segmentation The FactMR’s study has done the segmentation of hams market on the basis of form, process, buyer, sales channel across eight regions. Form
Process
Buyer
Sales Channel
R
Fresh / Chilled Frozen
Air Dried Cured Hams Smoked Hams
Food Processor & Manufacturers HoReCa Sector Residential Buyers
Supermarket/Hypermarket Independent Retailers Convenience Stores Specialist Retailers Online Retailers
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4827 Key Players Prioritize Product Portfolio Expansion to Gain Competitive Edge The global hams market is highly fragmented in nature, characterized by the presence of a multitude of market players. Tier-1 companies include JBS, Yurun Group, Danish Crown, Tyson Foods, Smithfield Foods, Hormel Foods, Vion Food Group, Gordon, Food Service, OSI Group and Kaczanowski & Co Smallgoods. These players have a global presence and are established in the foodservice realm. These companies are targeted towards a robust distribution network across the globe and have been recognized by most retailers and foodservices providers as the most reputed food processing firms. Other competitors are primarily focusing on developing robust supply chain networks locally. Read More Trending and Similar Reports from Fact.MR – https://www.prnewswire.com/news-releases/rising-meat-and-dairy-consumption-to-driveanimal-feed-probiotics-sales-factmr-301274844.html About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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