URUGUAY (BLOOMBERG) - Canned meat is having a moment.. Read more at straitstimes.com.
Demand is booming across the globe. In the US, sales surged more than 70 per cent in the 15 weeks ended June 13. In the UK, consumption of canned corned beef has taken off. Even in South Korea, where Spam is an old favourite, sales are expanding at the fastest pace in years.
Ray Herras, a graduate student at Columbia University, is a Filipino American. Spam gained popularity in the cuisines of South-east Asia after occupying US forces brought the canned ham with them. For Mr Herras, Spam is a taste of childhood."I grew up eating Spam. It is deeply ingrained in Filipino culture, but I wasn't really eating Spam until quarantine," said Mr Herras, who started adding it to his grocery purchases at least every other week.
"Even I thought it could be difficult to increase our sales of canned meat to more than what we expected," said Kasper Lenbroch, chief executive officer of the unit that houses the Tulip brand at Danish Crown Group, Europe's top meat processor."It's not very often when you're in food that you can see traditional products like these grow as much as they have done right now.
Mr Secco points to the recent jump in US meat prices as turning consumers on to canned alternatives. Some of America's biggest livestock slaughter plants were forced to close earlier this year after coronavirus outbreaks saw thousands of workers falling ill. That caused wholesale beef prices to double in about a month.
Hormel Food's Spam was already seeing sales growth in the past several years, but nothing like the increase taking place now.
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