Global Chilled and Deli Foods Market segmented by product (meats, pies & savory, appetizers, pre-packed sandwiches, prepared salads and others), application (supermarkets and hypermarkets, traditional grocery stores and convenience stores) and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 290.5Bn by 2027, at a CAGR of 6.5% during a forecast period.
Increasing preference of consumers for chilled and deli products along with consumer focus in gaining knowledge & desire to understand numerous nutritional contents is one of the key trends driving the market. A large proportion of private label growth is owing to the consolidation and expansion of the retail food industry. Additionally, many retailers are entering this market by growing their investment in the perishable department.
Prepacked sandwiches segment is dominating the global chilled & deli foods market.
Prepacked sandwiches are gaining traction and are likely to emerge as a promising product during the report’s forecast period. The segment will drive from the health benefits it provides over fast foods and deep-fried snacks. The low-calorie composure of prepacked sandwiches also makes them popular between health-conscious people, which are on a steady increase across the globe.
Over the upcoming years as well, the segment is likely to remain one of the most popular product segments and gain traction due to the increasing focus of new vendors on innovation and expansion across emerging markets. Furthermore, the expansion of the modern retail industry in emerging economies is likewise expected to work in favour of the product segment.
North America has the largest market share for global chilled & deli foods market during the forecast period.
North America was leading the market and was valued at US$ 50Bn in 2017. Increasing consumption for convenient sources of food products that can be consumed on-the-go has been supporting the dominance of the region. Some individuals supplement their regular meals with chilled and deli products, such as pre-packaged sandwiches and prepared salads, while some time-pressed consumers substitute their regular meals with the same. So, changing consumer lifestyles, particularly in terms of eating habits, and increasing need for convenience food are projected to augment the sales of chilled and deli food products in the region.
Key players operating in global chilled & deli foods market, Tyson Foods, JBS S.A., Kraft Foods, BRF S.A., Astral Foods, Hormel Foods, 2 Sisters Food, Waitrose, Wm. Morrison Supermarkets, and Samworth Brothers.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global chilled & deli foods market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global chilled & deli foods market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global chilled & deli foods market positioning of competitors.
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