Global Chilled and Deli Foods Market is Expected to Reach USD 988.7 billion in 2021

2024-11-07 05:20:49 Lifestyle

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According to a new market report published by Transparency Market Research ?Chilled and Deli Foods Market (By Type ? Meats, Pies and Savory Appetisers, Prepacked Sandwiches, Prepared Salads and Others) ? Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,? Global Chilled and Deli Foods valued at USD 799.40 billion in 2014, growing at a CAGR of 3.0% from 2015 to 2021 to account for USD 988.70 billion in 2021.

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Chilled and deli foods refers to ready to eat foods. The chilled and deli foods market is expanding as a result of the convenience it offers to people with busy lifestyles in regions such as Europe and North America. Increasing number of women in the workforce has also impacted the market positively. The market offers ample opportunity for existing food companies to make a foray into the market.

In terms of type, the global chilled and deli foods market segmented into five types; Meats, Pies and Savory Appetisers, Prepacked Sandwiches, Prepared Salads and Others. Geographically, the market has been segmented into four regions; namely, North America, Europe, Asia Pacific and Rest of the World.

North America held the largest market share in terms of revenue in 2014. It accounted for a share of more than 45%. Factors such as busy lifestyle patterns due to which there is an increasing demand for ready to eat foods is driving the growth of the market in the region positively. Moreover, consumers are constantly seeking food products that can be easily prepared in a very short time. Chilled and deli foods are easy to prepare and can be eaten instantly, thus enabling people with busy schedules to have a complete diet. These factors in combination has impacted the chilled and deli foods market in North America positively.

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The growing demand for packaged and processed food is stimulating the demand for chilled and deli foods in Europe. People?s busy life style is also boosting the demand for chilled and deli foods in Europe. Moreover increasing health awareness among the people has also impacted the growth of the market in the region positively. Chilled and deli foods have been popular in European countries since a long time and have become an integral part of the cuisine.

The market in Asia Pacific is growing as a result of the changing economic conditions in the region. The demand is on the rise especially in China and India. The concept of chilled and deli foods is still new to the people of most Asia Pacific countries. The sudden expansion of hypermarkets and supermarkets in most countries has offered huge potential for the chilled and deli food market in this region to flourish.

The growth of the chilled and deli foods market in the Rest of the World region is mainly due to improve in the economic conditions of people in countries such as Brazil and Saudi Arabia. Moreover, increase in the number of working women is also expected to drive the chilled and deli foods market in the region positively.

Some of the major players in the market are Tyson Foods Inc., JBS S.A., Kraft Foods Group Inc., BRF S.A., Astral Foods Ltd., Hormel Foods Corporation, 2 Sisters Food Group, Waitrose Limited, Wm. Morrison Supermarkets PLC and Samworth Brothers Limited.

This report provides a comprehensive highlight of the global chilled and deli foods market along with the market values, in terms of revenue for the forecast period from 2015-2021. Additionally, the market has also been segmented on the basis of geography

The global chilled and deli foods market has been segmented 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