The global pepperoni market grew a CAGR of around 6% during the historical period of 2014-2019. Pepperoni is an American variant of dry salami, that is usually made by mixing beef and pork along with different seasonings. It is characteristically fine-chopped, spherical, bright red, air-dried, soft, and lightly smoky in texture. Pepperoni is widely consumed as a popular pizza topping along with other uses in food items, such as sandwiches, pasta, burgers, spaghetti, etc.
In recent times, rapid globalization and urbanization across both developed and emerging economies has stimulated the increasing consumption of pizzas across these regions. This has propelled the demand for pepperoni as one of the most preferred pizza toppings. Moreover, the rising modernization of the meat processing industry, coupled with the increasing preferences of clean-labeled processed meat products have further catalyzed the market demand. Additionally, the growing consumer demand for ready-to-eat food items along with the wide availability of pepperoni products across hypermarkets, supermarkets, and convenient stores, etc., has also fueled the product demand globally. Furthermore, the rapid introduction of organic pepperoni variants will continue to spur the growth of the global pepperoni market in the coming years Looking forward, IMARC Group expects the market to continue its growth during the next five years.
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The competitive landscape of the industry has also been examined with some of the key players being Battistoni Italian Specialty Meats, Bridgford Foods Corporation, Danish Crown Toppings (Dk Foods), Hormel Foods Corporation, Johnsonville, Liguria Foods, Pallas Foods, Smithfield Foods, etc
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