The charcuterie market - Italy

Cured meats are food products made from the processing and curing of meats primarily from pork, but also from other animals, such as cattle, sheep or game. Cold cuts can be raw, cooked, cured or smoked, and include a wide range of products with different flavors, textures and preparation methods. The global processed meat market has reached a value of more than $352.35 billion in 2023. The industry is expected to grow further with a compound annual growth rate (CAGR) of about 4.9 percent over the forecast period 2024-2032, reaching a value of over $541, 94 billion by 2032. This represents an increase of 53.8% over the 10-year period. Increasing population and urbanization drives demand for convenience and ready-to-eat foods. In addition, growing awareness of the importance of protein in the diet and the expansion of online sales are further fueling this growth. In recent years, the value of the Italian cured meats market has seen an overall increase of 7.8 percent. Positive news also for the value of production sold, which marks a 17 percent increase, with a remarkable post-pandemic recovery. As for the market, comparing the data of the number of active companies with those of the number of active companies shows that the growth in the number of employees was more significant than the increase in companies. This means that existing companies increased their workforce to meet growing demand or improve production. In addition, a more pronounced increase in the number of employees than in the number of firms indicates a trend toward growth in average firm size.