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.
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
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