Global Chilled and Deli Food Market

Chilled and Deli Food Market Size, Share, Growth Analysis, By Product(Meat, Savoury appetizers, Prepared salads, Pre-packaged products), By Type(Conventional and Organic), By Packaging(Tins, cans, plastic packs, cardboards), By Distribution channel(Supermarkets & Hypermarkets, Convenience Stores, Online, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30H2071 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 122 | Figures: 77

Chilled and Deli Food Market Dynamics

Chilled and Deli Food Market Drivers

Rise of E-Commerce to Bolster Market Growth

  • Spread of e-commerce portals as the increasing use of e-commerce portals for trading delicacies by local producers through the development of exchanges is expected to encourage businessmen to adopt new strategies.
  • Increase in Female Employees and Changes in Lifestyles as the increased reliance of professionals on ready-to-use food has increased the demand for chilled and deli products, resulting in faster and higher sales of chilled and deli products. As the world's population grows and income levels rise in emerging markets, markets for food and other resources expand. More and more women are choosing to work rather than stay at home. This led to an increase in the labor force. It is also prevalent in households where both men and women work, increasing our reliance on ready-to-eat foods.

Chilled and Deli Food Market Restraints

Usage of Synthetic Preservatives to Hinder Market Growth

  • Governmental regulations and increased use of synthetic preservatives are limited as the government regulates the manufacture and distribution of chilled and deli products to preserve the nutritional content of food and prevent contamination during transportation. Tighter government regulations on chilled and deli products have prevented manufacturers from meeting market demand, creating a large gap between supply and demand, directly limiting market growth.
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Global Chilled and Deli Food Market size was valued at USD 224.94 billion in 2022 and is poised to grow from USD 237.74 billion in 2023 to USD 370.43 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

The chilled and deli food market holds great potential for international and regional players. Emerging market players, especially from developing countries, are expected to have more opportunities to enter the market. Increasing establishment of government initiatives and increasing foreign investment to develop the sector, mainly in China and India, are expected to spur industry growth in the coming years. Overall, the global market is highly competitive and dependent on product development and technological advancements. Industry players are striving to match local tastes and gain a competitive advantage over others. The presence of local players poses a significant threat to large multinationals in terms of product quality and prices offered to customers. 'Tyson Foods Inc.', 'JBS SA', 'BRF S.A.', 'Hormel Foods Corporation', 'Nestle SA', 'ConAgra Foods Inc.', 'Danone SA', 'Kerry Group PLC', 'Maple Leaf Foods Inc.', 'Smithfield Foods Inc.', '2 Sisters Food Group', 'Pilgrim's Pride Corporation', 'Grupo Bimbo S.A.B. de C.V.', 'Greencore Group PLC', 'Campofrio Food Group S.A.', 'AdvancePierre Foods Holdings Inc.', 'Oscar Mayer', 'Boar's Head Provisions Co. Inc.', 'Columbus Craft Meats', 'Sara Lee Corporation'

Spread of e-commerce portals as the increasing use of e-commerce portals for trading delicacies by local producers through the development of exchanges is expected to encourage businessmen to adopt new strategies.

As frozen food brands enter the market with new product launches, many of the established brands in the market focus on go-to-market strategies such as online advertising campaigns, rebranding and packaging to launch new ranges of products. For example, in April 2021, Land O'Frost, one of his top-selling brands of sliced ​​sausage products in the U.S. and maker of specialty meats, will rebrand Bistro Favorite Meat for his brand.

North America accounted for the largest share of 34.3% in 2021. As growing demand for convenient on-the-go groceries has underpinned the region's dominance. While some customers supplement their regular meals with chilled products such as prepackaged sandwiches and ready-to-eat salads, some time-pressed consumers prefer to keep their regular meals the same. Therefore, it is estimated that changes in consumer lifestyles, especially dietary habits, and growing need for ready-to-eat foods will increase sales of such products in the region. Preference for nutrient-rich superfoods among the consumers is increasing the demand for chilled & deli foods in the region. Many consumers use chilled products to enhance their usual meals, such as premade sandwiches and prepared salads, while others who are short on time use them to replace their normal meals.

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Global Chilled and Deli Food Market

Report ID: SQMIG30H2071

$5,300
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