The market for hams has historically grown at a CAGR of roughly 2.3% during the years (2014–2019), and by 2030, it is anticipated to reach a valuation of over US$ 47 billion. During the projected period (2020-2030), the worldwide global hams market is anticipated to grow at a CAGR of around 3%.
The tremendous demand for meals-on-the-go is primarily driving the rapid expansion of the foodservice business, particularly in developing nations.
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Focal Points
- 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.
“Rising demand for ready-to-cook food is significantly augmenting the global hams market. Longer shelf-life of products allows producers to curb demand shocks by improving inventory control. Additionally, the ability to store the commodity would prevent producers from potential price crashes,” says the Fact.MR analyst.
What particular knowledge of the Hams market did the audience acquire from the market study?
Depending on the area, product kind, and end use, hams may evolve into a number of market segments. Evaluating the state of the market, the raw materials being used, and the anticipated demand. The market’s participants will collaborate on joint ventures, R&D initiatives, acquisitions, and product launches. There are various laws and rules that apply to The Hams. Big data analytics, artificial intelligence, and social media platforms are all influencing the global market for Hams.
Market Structure
- By Form :
- Fresh / Chilled
- Frozen
- By Process :
- Air Dried Cured Hams
- Smoked Hams
- By Buyer :
- Food Processor & Manufacturers
- HoReCa Sector
- Residential Buyers
- By Sales Channel:
- Supermarket/Hypermarket
- Independent Retailers
- Convenience Stores
- Specialist Retailers
- Online Retailers
- By Regions:
- North America
- Latin America
- Europe
- China
- Japan
- South Korea
- South East Asia
- India
- Oceania
- MEA
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