Global Pepperoni Food Market 2017-2021
About Pepperoni Food
Pepperoni is an Italian-American variation of dry salami. Pepperoni is usually prepared by blending pork meat and beef together. It is a soft, smoky, and red colored salami, which is used in variety of dishes. For instance, thinly sliced and small pepperoni is used as pizza toppings. Furthermore, larger pepperoni is used as fillings in different finger foods like burgers, sandwiches, and others. It is also used as filling in the West Virginia pepperoni roll. Pepperoni is commonly available in the market in two sizes: the ones with 2-3-inch diameter are used for sandwiches, and the ones with 1-inch diameter are used for pizza toppings. These are also sold in chopped, sliced, and whole sausage form. To enhance and change the flavors and spice levels in pepperoni, various ingredients like garlic, fennel, peppers, mustard seeds, and others are used in the preparation of pepperoni. Sometimes, different types of meats such as Genoa salami, chorizo, turkey, poultry, soppressata, and other similar varieties are used instead of pork and beef.
Technavio’s analysts forecast the global pepperoni food market to grow at a CAGR of 6.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pepperoni food market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pepperoni Food Market 2017-2021
Technavio recognizes the following companies as the key players in the global pepperoni food market: Battistoni Italian Specialty Meats, Bridgford Foods, Hormel Foods, PALLAS FOODS UC, and Smithfield Foods
Other Prominent Vendors in the market are: Bellissimo Foods, Goodman Fielder, Johnsonville, Liguria Foods, Performance Food Group, The Galloping Goose Sausage Company, Tyson Foods, US Foods, and Vienna beef.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing preference for clean-labeled processed meat products. The country of origin labeling (COOL) plays a significant role in determining the consumers' purchasing decisions. Consumers in the western countries consider that meat processed in developed countries are safer to consume than those that are produced in other regions. Many consumers seek for more transparency throughout the supply chain, which helps them make informed decisions. They prefer processed meats that are labeled clean, free-form, and environment-friendly. However, vendors have to bear more costs, leading to increasing in the price of the final product.”
According to the report, one of the major drivers for this market is High demand for pepperoni as pizza topping. Pepperoni is used in many finger foods such as sandwiches, pizza, burgers, and others. However, the most important and popular use of pepperoni is as pizza toppings. Thinly sliced and small-sized pepperoni slices are used over pizza base. It is one of the most preferred and liked pizza toppings across the globe.
Further, the report states that one of the major factors hindering the growth of this market is Growing adoption of veganism. Veganism is a practice of restricting the consumption and use of animal-based products. The trend is growing rapidly across the globe. There has been steep growth in the population of vegan consumers in several developed and developing countries across the globe. Some of the consumers are strict vegetarians (dietary vegans), who do not consume any kind of animal-based products, while some are flexitarian or part-time vegan. The growth in the veganism is attributed to several factors including increasing ethical stand and campaigns against animal slaughtering and rising health-awareness. The vegan population prefers consuming ethically prepared foods. Consumption of meat is considered to have a negative impact on the sustainability of the environment and cause health problems.
Battistoni Italian Specialty Meats, Bridgford Foods, Hormel Foods, PALLAS FOODS UC, Smithfield Foods, Bellissimo Foods, Goodman Fielder, Johnsonville, Liguria Foods, Performance Food Group, The Galloping Goose Sausage Company, Tyson Foods, US Foods, and Vienna beef.
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