Low Fat Sausage Market Projected to Garner Significant Revenues By 2031

The global low fat sausage industry generated $2.5 billion in 2021, and is estimated to reach $4.8 billion by 2031, witnessing a CAGR of 6.7% from 2022 to 2031.

Increase in consumption of fast food and processed food, increase in demand for clean label and natural products, and rise in disposable income of consumers drive the global low fat sausage market.

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Increase in the smartphones use, of the internet, and growth of online food delivery and grocery platforms are expected to boost the sales of low fat sausage, especially in emerging markets such as India, China, Brazil, and Indonesia. The various food delivery apps such as Zomato, Swiggy, and Uber Eats, and online grocery apps like Big Basket and Grofers drive the sales of the market throughout the forecast period.

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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The Low Fat Sausage market is segmented into type, end user, distribution channel, and region. On the basis of type, the Low Fat Sausage industry is categorized into Pork, Beef, Chicken, Plant-Based and others. On the basis of end user, the Low Fat Sausage Market Share is categorized into residential and commercial. On the basis of distribution channel, it is fragmented into supermarket/hypermarket, specialty stores, Convenience store, online sales channel and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, and rest of LAMEA).

Based on region, North America 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. However, the Asia-Pacific market is projected to manifest the fastest CAGR of 8.6% during the forecast period. Asia-Pacific is the largest producer and consumer of meat and meat products across the globe. This provides a lucrative growth opportunity for the key players operating in the low fat sausage market in the region.

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According to the Low Fat Sausage Market 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.

Leading Market Players

Atria Plc
Beyond Meat, Inc.
Heck Food Ltd.
Hormel Foods Corp.
JBS S.A.
Johnsonville LLC.
Nestlé S.A.
Premium Brands Holding Corporation
Tyson Foods
WH Group Limited

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