Bologna Market To Cross USD 11.7 Billion By 2032, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Major bologna market participants include Agnesi, Armando, Barilla, De Cecco, Felicetti, Garofalo, La Molisana, Molini Pivetti, Rummo

Selbyville, Delaware, Nov. 27, 2024 (GLOBE NEWSWIRE) --

The bologna market valuation is predicted to reach USD 11.7 billion by 2032, reported in a research analysis by Global Market Insights Inc.

Bologna is a seasoned sausage typically made from finely ground pork, beef, or a blend of meats. While its origins trace back to Bologna, Italy, this versatile meat product has found a substantial consumer base worldwide, particularly in regions like the United States, where it has become a popular choice for sandwiches.

The demand for bologna remains steady, largely due to its prevalent use in sandwiches and ready-to-eat meals. However, consumer preferences are shifting toward healthier alternatives, with a notable interest in products free from artificial preservatives, lower in fat, and made with high-quality ingredients. This trend is further supported by the rising appeal of premium and artisanal bologna market, which caters to consumers looking for gourmet deli options.

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Additionally, the introduction of plant-based bologna alternatives is addressing the needs of the growing vegan and vegetarian markets. Nevertheless, the market's growth may be tempered by increasing health awareness, prompting some consumers to limit their intake of processed meats.

The bologna market from the pork bologna segment accounted for over USD 3.3 billion in 2023, with a projected CAGR of more than 4.7% during the forecast period. This variant remains popular in the processed meat sector, especially in areas with a high demand for pork products. Its adaptability makes it suitable for various applications, including deli meats and quick snacks, serving both retail and foodservice markets.

There is a noticeable increase in demand for premium pork bologna, emphasizing traditional recipes and natural ingredients. Health-conscious consumers are also influencing the development of lower-fat and nitrate-free options, although dietary restrictions in certain regions may limit its appeal.

The cured bologna segment is expected to grow at approximately 4.7% CAGR, reaching a market size of USD 4.8 billion in 2023. This growth is attributed to its extended shelf life and unique flavor, making it a favored option in the processed meat category. Its popularity is rising in the deli segment, particularly in regions with rich cured meat traditions.

As consumers increasingly seek artisanal and premium cured products, there is a focus on traditional curing methods and high-quality ingredients. Cured bologna is also becoming popular in convenience foods, providing quick meal options. Nonetheless, the trend toward healthier eating may encourage the development of lower-sodium varieties.

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U.S. bologna market reached around USD 2 billion in 2023, with expectations for a 4.6% CAGR from 2024 to 2032. This growth is fueled by a consumer preference for deli meats and convenient ready-to-eat options. As the market evolves, there is a noticeable shift toward healthier offerings, including low-fat, nitrate-free, and organic bologna products. The rise of premium and artisanal varieties, focusing on high-quality ingredients and traditional methods, is attracting more discerning consumers, while plant-based alternatives are gaining traction in response to the increasing demand for vegetarian options.

Partial chapters of report table of contents (TOC): Chapter 1 Methodology & Scope

1.1 Market scope & definitions

1.2 Base estimates & calculations

1.3 Forecast calculations

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Bologna Market Insights

3.1 Industry ecosystem analysis

3.1.1 Factor affecting the value chain

3.1.2 Profit margin analysis

3.1.3 Disruptions

3.1.4 Future outlook

3.1.5 Manufacturers

3.1.6 Distributors

3.2 Supplier landscape

3.3 Profit margin analysis

3.4 Key news & initiatives

3.5 Regulatory landscape

3.6 Impact forces

3.6.1 Growth drivers

3.6.1.1 Rising demand for convenience foods

3.6.1.2 Growth in the food service sector

3.6.1.3 Increased awareness of processed meat varieties

3.6.2 Industry pitfalls & challenges

3.6.2.1 Increasing awareness of the health risks associated with processed meat

3.6.2.2 Competition from alternative proteins

3.7 Growth potential analysis

3.8 Porter's analysis

3.9 PESTEL analysis

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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