[FURL=https://www.industryarc.com/pdfdownload.php?id=17817&utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Pancetta Market[/FURL] Pancetta Market size is estimated to reach $2.3 billion by 2026, growing at a CAGR of 3.6% during the forecast period 2021-2026. Pancetta is salt-cured and seasoned meat that is made from pork belly. These are versatile ingredients that are used to add flavor and depth to pasta and soups. Pancetta ingredients are increasingly being adopted among consumers across the world owing to the growing demand for high-protein foods among the young population. The increase in the adoption of salumi pancetta in developed nations, growing demand for pancetta ingredients that are added with sodium erythorbate, increase in the demand for basic Italian bacon among consumers, and the growing investment by the key players to develop quality pancetta ingredients are the factors that are set to drive the growth of the Pancetta Market for the period 2021-2026.Key Takeaways
Geographically, the North America Pancetta Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of salumi pancetta in developed nations.
The increase in the demand for basic Italian bacon among the young population is driving the Basic segment. However, stringent government regulations owing to the growing obesity concerns is one of the major factors that is said to reduce the growth of the Pancetta Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Pancetta Market report.
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Pancetta Market Segment Analysis-By Geography
The Pancetta Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of salumi pancetta in developed nations and the increase in the product launches by the key players. The growing demand for basic Italian bacon among the young population is driving the growth of the Pancetta Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026.
Pancetta Market Drivers
Increase in the Adoption of Pork Meat Products
Rise in the Customer Inclination towards Protein-Rich Foods
Pancetta Market Competitive Landscape:
Key companies of this market are Cargill, BRF, Foster Farms, Tyson Foods, Shuanghui International, Karro Food Group, Farmland, Hormel Foods, SmithfieldFoods, and Tonnies Fleisch among others.
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