Global
Chilled and Deli Foods Market: Overview
Chilled
and deli food are easily consumable and ready to eat food products.
These products can be stored at low temperature. The increasing
demand for convenient food items is expected to propel the global
market of chilled and deli food. These food items have an important
become part of daily consumption due to changing lifestyles of
consumers around the world. These foods are gaining popularity as
they help people to maintain healthy diet in the hectic lifestyle.
Industrial and economic growth of developing countries are allowing
this market to grow with significant pace. Furthermore, as chilled
and deli foods are healthier than fast foods, they are being
preferred by the customers, rising the momentum of the market.
It
is projected that the global
chilled and deli foods market will reach US$988.70 bn by the
end of 2021 from its initial value of US$853.49 bn in 2016,
projecting a growth trajectory of steady CAGR of 3.0% during the
forecast period 2015-2021.
Prepacked
Sandwiches Segment Gains Popularity due to Health Benefits Provided
The
global chilled and deli food market is gaining its impulse due to
various products available such as prepared salads, prepacked
sandwiches, pies and savory appetizers, meats, soups, chilled pastas,
and chilled pizzas. However, prepacked sandwiches are gaining
traction of audience due to its low fat and low calorie composure.
This segment is anticipated to further grow over the forecast period,
as players in this market are continuously innovating their products
by adding new flavors. Furthermore expansion of supermarkets and
hypermarkets and increasing disposable income are benefiting the
growth of this segment.
Although
the prepacked sandwiches segment is anticipated to expand throughout
the forecast period, the pies and savory appetizers segment is most
likely to undergo with the highest growth rate. Furthermore, the
increasing demand for salads is projected to poise to growth of vegan
diet products. Pizzas and pastas are also expected to grow their
market values due to increasing number of types and flavors.
North
America and Europe showcase High Opportunities for Market Growth
Geographically,
the global chilled and deli foods market can be segmented into Asia
Pacific, Europe, North America, and Rest of the World. North America
and Europe are presenting high opportunities for growth of this
market due to hectic lifestyle and eating and cooking habits. This
has resulted in the emergence of various prominent players and
numerous small vendors across these regions. Working class people of
this region are shifting their focus towards ready to eat items such
as chilled and deli products, as they are easily prepared and
consumed. Furthermore well-established retail sector that has
resulted into development of supermarkets and hypermarkets are
providing more convenience for the customers to consume chilled and
deli foods.
However,
the Asia Pacific market is expected to grow exponentially over the
forecast period due to the increasing population within the region.
Asia Pacific is constantly evolving in terms of urban and industrial
growth, giving rise to disposable income of people. Prominent players
in the global market are focusing on this region as it provides
various opportunities for growth over the forecast period.
Furthermore, Africa and South America are expected to showcase a
steady growth for the chilled and deli foods market, however, the
retail sector needs to be developed for infrastructure used for
storage and refrigeration.
Prominent
players operating in the global market for chilled and deli foods are
focusing on product innovation and are involving in various mergers
and acquisitions to expand their global presence. Some of the players
dominating the market are Brasil Foods S.A., Tyson Foods, Inc., and
Kraft Foods Group, Inc.
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