Chilled and Deli Foods Market to Exhibit CAGR of 3.0% from 2015 to 2021

2024-11-04 11:37:31 Lifestyle

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Transparency Market Research (TMR) has announced the publication of a new market study on the chilled and deli foods market. According to the research report, the global market for chilled and deli foods, which was valued at US$799.4 bn in 2014, is expected to reach a value of US$988.7 bn by 2021, expanding at a CAGR of 3.0% from 2015 to 2021. The report is titled ?Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021? and contains useful information on the global chilled and deli foods market, its segmentation, market opportunities, its competitive landscape, and drivers and constraints of the market.

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Chilled and deli foods are readily available ready-to-eat food products that are widely consumed in North America due to the busy, hectic, and strenuous lifestyles of consumers in this region. The convenience of chilled and deli foods perfectly suits the westernization of the Asia Pacific region, thus boosting the market for chilled and deli foods. Similarly, the report suggests that Europe will witness an increase in the health awareness among its population, fueling the chilled and deli foods market. However, use of synthetic preservatives in chilled and deli foods can be a reason for consumers to reduce the purchase of these food products. Additionally, the increasing role of private label brands is also expected to restrain the market for chilled and deli foods.

Various products such as meats, sandwiches, pies, salads, and appetizers are included in chilled and deli food products, out of which the market for prepacked sandwiches has been the largest, with a revenue of US$322.7 bn in 2014. The demand for pies and savory appetizers is high in the Asia Pacific region. The market for savory appetizers and pies is expected to expand at a CAGR of 2.50% in the forecast period.

Asia Pacific was the largest market for chilled and deli foods in 2014 and as per the report, this region will continue to enjoy its hold on the market for the forecast period. Asia Pacific is a growing market for chilled and deli foods because there are an increasing number of working women in the region and improvement in the economic conditions is rapid, both of which give a boost to the consumption of chilled and deli foods.

The market for chilled and deli foods can expand and have market several opportunities such as the emergence of new brands and growing number of supermarkets and hypermarkets. The report offers analysis of the competitive landscape, analyzing the various strategies adopted by the leading players.

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The report profiles key players operating in the chilled and deli foods market. These companies include Tyson Foods Inc., Astral Foods Ltd., BS S.A., Kraft Foods Group Inc., 2 Sisters Food Group, BRF S.A., Hormel Foods Corporation, Wm. Morrison Supermarkets PLC, Samworth Brothers Limited, and Waitrose Limited.

The report segments the chilled and deli foods market into:

Global Chilled and Deli Foods Market: By Product Type

Meats
Pies and Savory Appetizers
Prepacked Sandwiches
Prepared Salads
Others

Global Chilled and Deli Foods Market: By Geography/ Country

North America
U.S.
Canada
Others

Europe
U.K.
Italy
Spain
France
Germany
Others

Asia Pacific
China
India
Japan
Australia
Others

Rest of the World
Brazil
Argentina
Others