Canned meat sales surge as coronavirus pandemic continues

From Spam to ham, sales of canned meat are reportedly surging as the coronavirus health crisis continues.

Shoppers around the world are said to be turning to the shelf-stable item as a preferred protein choice amid a future of uncertainty. In the U.S., sales of canned meat leapt over 70 percent during the 15-week period ending June 13, Bloomberg reported on Monday.

As food prices hit record highs and consumers stick to tighter grocery budgets amid the pandemic, not even the producers predicted such a spike.

"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," Kasper Lenbroch, CEO of the Tulip brand at Danish Crown Group, the top meat processor in Europe, told the outlet.

Tulip Pork Luncheon Meat's sales are allegedly expected to rise 25 percent this year, with sales up across the U.K., Germany, Greece, Japan, Singapore and more.

In April and May, South Korea's sales of the much-loved Spam surged over 50 percent year-over-year, Korean producer CJ CheilJedang Corp. said.
 

Foxbusiness.com