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

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).

Chilled and deli foods are ready-to-eat foods, which are easily consumable and can be stored for long in low temperatures. Growing consumer preference for chilled and delicatessen products and consumer desire to understand different nutritional ingredients is one of the key trends driving the market. Changing consumer preference for convenient foods due to busy lifestyles and convenience provided is expected to remain one of the key trends driving the growth of the market during the forecast period. A report released by Kerry Group in May 2020 found that 26.0% of consumers said prepared meals were the most important consideration when purchasing fresh produce, compared with 66.0% of consumers. Buys ready-to-eat snacks, meals and more from retailers each month.

Consumers continue to demand health-enhancing products with clean label attributes such as “all natural, 100% natural,” “real made,” and “organic.” Since the outbreak, it seems to have gained even more momentum. Meanwhile, with increasing pressure on brands to expand their portfolios, the overall concept of frozen food is shifting further towards plant-based/vegan/organic ingredients. In recent years, prepared foods and superfoods have become supermarket deli giants. Ready-to-eat meals, side dishes, salads, pre-sliced ​​meats and cheeses, and ready-to-eat side dishes provide both consumer friendliness and time savings, driving market growth.

US Chilled And Deli Food Market is poised to grow at a sustainable CAGR for the next forecast year.