Chilled and Deli Foods Market Powerful Evolution by Key Vendors, Distinctive Growth Rate Foreseen Till 2021

The world market chilled and deli foods market is anticipated to flourish substantially within the forecast period that extends from the year 2015 to the year 2021. With various distinct segments of customer in the market propelling the demand for several types of products, it accounts for substantial scope of growth in the said market. In the years to come, the world market for chilled and deli foods is prognosticated to experience rise in competition. This is so owing to the fact that major players are taking up various strategies such as research and development activities, in a bid to sustain their position in the market.

The report profiles a few of the eminent market players in the world market for Chilled and Deli Foods, such as, 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 Kraft Foods Group, Inc., Tyson Foods, Inc., and Brasil Foods S.A.

In accordance with a recent market research report that has been published by Transparency Market Research, the world market for chilled and deli foods is forecasted to expand at a CAGR of 3.0% over the period between 2015 and 2021. The report also projects the international market for chilled and deli foods to reach a market valuation of around US$ 988.70 bn by the year 2025. The overall market was worth around US$ 853.49 bn in the year 2016.

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North America to Lead the Market over the Period of Forecast

The world market for chilled and deli foods has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. North America and Europe are presenting highly lucrative opportunities for the growth of this market owing to hectic lifestyle and cooking and eating habits. This has led to the emergence of various prominent players and several small vendors across these geographies.

However, the region of Asia Pacific market is anticipated to grow exponentially over the period of forecast due to the soaring population within the region.

Rising Popularity of these Foods to Trigger Market Growth

The increasing disposable income amongst the common people in the ever expanding and growing urban areas now hold key opportunities not only for the prominent players across the globe, but also the regionally popular ones. Prepackaged sandwiches have been the most common form of chilled and deli food in the recent times. This segment not only has the capability to offer consumers with a more balanced diet, but also offers a high level of convenience. Prepackaged sandwiches perfectly fit into the modern and hectic lifestyle of most of the middle-class workers.

In addition to that, owing to the advancements in manufacturing and packaging materials, prepared salads are displaying the highest level of promise for the market players in the world market for chilled and deli foods. Salads are a highly preferred food preparation these days owing to the rising health-consciousness amongst consumers. Improvements in packaging enable salads to be kept fresh for a long period of time, allowing better transportation and sales.

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CHILLED AND DELI FOODS MARKET IS TO EXPAND AT A GROWTH RATE OF 3.0% CAGR OWING TO THE RISING PREVALENCE OF HECTIC LIFESTYLE

The world market chilled and deli foods market is anticipated to flourish substantially within the forecast period that extends from the year 2015 to the year 2021. With various distinct segments of customer in the market propelling the demand for several types of products, it accounts for substantial scope of growth in the said market. In the years to come, the world market for chilled and deli foods is prognosticated to experience rise in competition. This is so owing to the fact that major players are taking up various strategies such as research and development activities, in a bid to sustain their position in the market.

The report profiles a few of the eminent market players in the world market for Chilled and Deli Foods, such as, 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 Kraft Foods Group, Inc., Tyson Foods, Inc., and Brasil Foods S.A.

In accordance with a recent market research report that has been published by Transparency Market Research, the world market for chilled and deli foods is forecasted to expand at a CAGR of 3.0% over the period between 2015 and 2021. The report also projects the international market for chilled and deli foods to reach a market valuation of around US$ 988.70 bn by the year 2025. The overall market was worth around US$ 853.49 bn in the year 2016.

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North America to Lead the Market over the Period of Forecast

The world market for chilled and deli foods has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. North America and Europe are presenting highly lucrative opportunities for the growth of this market owing to hectic lifestyle and cooking and eating habits. This has led to the emergence of various prominent players and several small vendors across these geographies.

However, the region of Asia Pacific market is anticipated to grow exponentially over the period of forecast due to the soaring population within the region.

Rising Popularity of these Foods to Trigger Market Growth

The increasing disposable income amongst the common people in the ever expanding and growing urban areas now hold key opportunities not only for the prominent players across the globe, but also the regionally popular ones. Prepackaged sandwiches have been the most common form of chilled and deli food in the recent times. This segment not only has the capability to offer consumers with a more balanced diet, but also offers a high level of convenience. Prepackaged sandwiches perfectly fit into the modern and hectic lifestyle of most of the middle-class workers.

In addition to that, owing to the advancements in manufacturing and packaging materials, prepared salads are displaying the highest level of promise for the market players in the world market for chilled and deli foods. Salads are a highly preferred food preparation these days owing to the rising health-consciousness amongst consumers. Improvements in packaging enable salads to be kept fresh for a long period of time, allowing better transportation and sales.

Chilled and Deli Foods Market Expected to Increase at a CAGR of 3.0% from 2015 to 2021

The global chilled and deli foods market has been observing growth as a result of the increasing demand for ready to eat food products. Moreover, due to the improving economic conditions in developing countries of Asia Pacific, the demand for chilled and deli foods in the region are on the rise. Furthermore, the demand for chilled and deli foods market in Asia Pacific is also fuelled due to the expansion of the retail food sector in countries such as China and India. As the income level of the people are growing, it has enabled the consumers to spend more on food products which in turn has resulted in the increase in the demand for chilled and deli foods. In North America, as a result of the busy lifestyles, people tend to prefer foods that are readily available and offer a convenient food option. Chilled and deli foods are ready to eat foods which suits well with the people for whom time is a constraint. Chilled and deli foods are also considered to be healthier as compared to the frozen foods which further is a factor responsible for the growth of the market in Europe. 

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On the basis of product type, the global chilled and deli foods market has been categorized into meats, pies and savory appetizers, prepacked sandwiches, prepared salads and others. The largest category in the chilled and deli foods in 2014 in terms of revenue was prepacked sandwiches. The demand for prepacked sandwiches is high as it offers both, a complete and balanced diet option. Europe was the largest market for the prepacked sandwich category in 2014. Pies and savory appetizers was the second largest category as a result of its high demand from the youth population in countries such as India and China. Prepared salads category is the next largest category and the demand for it is expected to remain high as a result of the health benefits it provides. 

However, the chilled and deli foods market is highly fragmented and is dominated by a large number of local players. The penetration level of the private label brands in the chilled and deli foods market is high. The private label brands are mainly sold in the super markets and hyper markets. Recent trends have shown that a large number of food and beverage companies are entering into the chilled and deli foods market with their array of products due to the immense opportunities available in the market. Moreover, the existing brands are adding new varieties to their product line in order to expand their business. 

The report also provides an understanding of the value (USD billion) of chilled and deli foods market. The study also provides forecast from 2015-2021 and highlights current and future market trends. The report also provides an understanding of company shares of chilled and deli foods market in North America, Europe, Asia Pacific, and Rest of the World. 

The market for chilled and deli foods market on the basis of geography has been categorized into North America, Europe, Asia Pacific and Rest of the World. The regions have been further subdivided in countries. The U.S., Canada and others have been included in the North America region. The countries included in Europe are U.K., Italy, Spain, France, Germany and Rest of Europe. For the Asia Pacific market, China, India, Japan, Australia and Rest of Asia Pacific are included. Brazil, Argentina and others have been included in the Rest of the World region. 

The report also provides the company market share analysis of key players operating in the chilled and deli foods domain. The key players operating in global chilled and deli foods 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.

Chilled and Deli Foods Market: Rising Demand for Easy-to-prepare Foods to Drive Growth

The world market chilled and deli foods market is anticipated to flourish substantially within the forecast period that extends from the year 2015 to the year 2021. With various distinct segments of customer in the market propelling the demand for several types of products, it accounts for substantial scope of growth in the said market. In the years to come, the world market for chilled and deli foods is prognosticated to experience rise in competition. This is so owing to the fact that major players are taking up various strategies such as research and development activities, in a bid to sustain their position in the market. 

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The report profiles a few of the eminent market players in the world market for Chilled and Deli Foods, such as, 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 Kraft Foods Group, Inc., Tyson Foods, Inc., and Brasil Foods S.A. 

In accordance with a recent market research report that has been published by Transparency Market Research, the world market for chilled and deli foods is forecasted to expand at a CAGR of 3.0% over the period between 2015 and 2021. The report also projects the international market for chilled and deli foods to reach a market valuation of around US$ 988.70 bn by the year 2025. The overall market was worth around US$ 853.49 bn in the year 2016. 

North America to Lead the Market over the Period of Forecast 

The world market for chilled and deli foods has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. North America and Europe are presenting highly lucrative opportunities for the growth of this market owing to hectic lifestyle and cooking and eating habits. This has led to the emergence of various prominent players and several small vendors across these geographies. 

However, the region of Asia Pacific market is anticipated to grow exponentially over the period of forecast due to the soaring population within the region. 

Rising Popularity of these Foods to Trigger Market Growth 

The increasing disposable income amongst the common people in the ever expanding and growing urban areas now hold key opportunities not only for the prominent players across the globe, but also the regionally popular ones. Prepackaged sandwiches have been the most common form of chilled and deli food in the recent times. This segment not only has the capability to offer consumers with a more balanced diet, but also offers a high level of convenience. Prepackaged sandwiches perfectly fit into the modern and hectic lifestyle of most of the middle-class workers. 

In addition to that, owing to the advancements in manufacturing and packaging materials, prepared salads are displaying the highest level of promise for the market players in the world market for chilled and deli foods. Salads are a highly preferred food preparation these days owing to the rising health-consciousness amongst consumers. Improvements in packaging enable salads to be kept fresh for a long period of time, allowing better transportation and sales.

Chilled and Deli Foods Market to Stand at US$ 988.7 Billion by 2021

The world market chilled and deli foods market is anticipated to flourish substantially within the forecast period that extends from the year 2015 to the year 2021. With various distinct segments of customer in the market propelling the demand for several types of products, it accounts for substantial scope of growth in the said market. In the years to come, the world market for chilled and deli foods is prognosticated to experience rise in competition. This is so owing to the fact that major players are taking up various strategies such as research and development activities, in a bid to sustain their position in the market. 

The report profiles a few of the eminent market players in the world market for Chilled and Deli Foods, such as, 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 Kraft Foods Group, Inc., Tyson Foods, Inc., and Brasil Foods S.A. 

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In accordance with a recent market research report that has been published by Transparency Market Research, the world market for chilled and deli foods is forecasted to expand at a CAGR of 3.0% over the period between 2015 and 2021. The report also projects the international market for chilled and deli foods to reach a market valuation of around US$ 988.70 bn by the year 2025. The overall market was worth around US$ 853.49 bn in the year 2016. 

North America to Lead the Market over the Period of Forecast 

The world market for chilled and deli foods has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. North America and Europe are presenting highly lucrative opportunities for the growth of this market owing to hectic lifestyle and cooking and eating habits. This has led to the emergence of various prominent players and several small vendors across these geographies. 

However, the region of Asia Pacific market is anticipated to grow exponentially over the period of forecast due to the soaring population within the region. 

Rising Popularity of these Foods to Trigger Market Growth 

The increasing disposable income amongst the common people in the ever expanding and growing urban areas now hold key opportunities not only for the prominent players across the globe, but also the regionally popular ones. Prepackaged sandwiches have been the most common form of chilled and deli food in the recent times. This segment not only has the capability to offer consumers with a more balanced diet, but also offers a high level of convenience. Prepackaged sandwiches perfectly fit into the modern and hectic lifestyle of most of the middle-class workers. 

In addition to that, owing to the advancements in manufacturing and packaging materials, prepared salads are displaying the highest level of promise for the market players in the world market for chilled and deli foods. Salads are a highly preferred food preparation these days owing to the rising health-consciousness amongst consumers. Improvements in packaging enable salads to be kept fresh for a long period of time, allowing better transportation and sales.

Chilled and Deli Foods Market Expected to Increase at a CAGR of 3.0% from 2015 to 2021

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.

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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.

Chilled and Deli Foods Market; In-Depth Analysis and Forecast on Market Dynamics, Emerging Trends, Growth Factors

Kraft Foods Group, Inc., Brasil Foods S.A., and Tyson Foods, Inc. collectively held 28% of the global chilled and deli foods market in 2014, leaving 72% of the revenue to be taken up by a very large number of regional players.

According to Transparency Market Research, these key players aim to acquire greater portions of the market revenue through various market consolidating ventures such as mergers and acquisitions and advanced research and development. For them, consistency in releasing new types of chilled and deli foods and other meats is key to gaining in market share.

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Players Aim for Greater Sales in Rapidly Growing Prepackaged Sandwiches Segment

“Prepackaged sandwiches have been the most popular type of chilled and deli food in recent times. This segment not only has the ability to provide consumers with a more balanced diet, but also provides a high level of convenience. Prepackaged sandwiches fit perfectly into the hectic modern lifestyle of most middle-class workers” states a TMR analyst. While prepackaged sandwiches have always been popular in North America and Europe, they are rapidly gaining popularity in other parts of the world as well.

Meanwhile, thanks to advancements in packaging materials and manufacturing, prepared salads are showing the highest level of promise for players in the chilled and deli foods market. Salads are a highly preferred food preparation today due to the growing health-consciousness of consumers. Improvements in packaging allow salads to be kept fresh for longer, allowing better transportation and sales.

Economic Improvement in APAC Allows More Consumers Access to Chilled and Deli Foods

The demand for chilled and deli foods in Asia Pacific is currently very high and the key reason for this is the rapid growth in economy. China and India are especially responsible for the recent demand and developments in the Asia Pacific market for chilled and deli foods. The increasing disposable income among individuals in the growing urban areas of the two countries now hold key opportunities for not only the globally prominent players, but also the regionally popular ones.

Asia Pacific also holds a unique advantage for players in the form of a growing workforce in the chilled and deli foods business, especially in women. The increasing acceptance of modern social concepts and the need for greater earnings are increasingly allowing women to take up work, which holds promise for the chilled and deli foods business.

Demand for Chilled and Deli Foods Continues to Grow in Asia Pacific

The revenue generated globally by the chilled and deli foods players is expected to increase at a CAGR of 3.0% within a forecast period from 2015 to 2021. The revenue is expected to reach US$853.5 bn by the end of 2016 and US$988.7 bn by 2021.

Asia Pacific, through its high population density and rapid ongoing industrial growth, will consistently present the highest demand for chilled and deli foods. It is expected to reach a revenue of US$366.92 bn by the end of 2021.

The information presented in this review is based on a Transparency Market Research report, titled “Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Key Takeaways:

Asia Pacific expected to generate chilled and deli foods revenue of US$399.92 bn by 2021.

US$397.46 bn of annual revenue in global chilled and deli foods market expected to be derived from pre-packaged sandwiches by 2021.

Pies and savory appetizers segment expected to be valued at US$297.7 bn by 2021

Key Segments of the Global Chilled and Deli Foods Market

Global Chilled and Deli Foods Market, by Type:

• Meats
• Pies and Savory Appetizers
• Prepackaged sandwiches
• Prepared salads
• Others

Global Chilled and Deli Foods Market, by Geography:

• North America
• Europe
• Asia Pacific
• Rest of the World

Chilled and Deli Foods Market: Prepacked Sandwiches Segment Gains Popularity due to Health Benefits Provided

chilled and deli foods market in Asia Pacific is also fuelled due to the expansion of the retail food sector in countries such as China and India. As the income level of the people are growing, it has enabled the consumers to spend more on food products which in turn has resulted in the increase in the demand for chilled and deli foods. In North America, as a result of the busy lifestyles, people tend to prefer foods that are readily available and offer a convenient food option. Chilled and deli foods are ready to eat foods which suits well with the people for whom time is a constraint. Chilled and deli foods are also considered to be healthier as compared to the frozen foods which further is a factor responsible for the growth of the market in Europe.

The global chilled and deli foods market has been observing growth as a result of the increasing demand for ready to eat food products. Moreover, due to the improving economic conditions in developing countries of Asia Pacific, the demand for chilled and deli foods in the region are on the rise. Furthermore, the demand for

On the basis of product type, the global chilled and deli foods market has been categorized into meats, pies and savory appetizers, prepacked sandwiches, prepared salads and others. The largest category in the chilled and deli foods in 2014 in terms of revenue was prepacked sandwiches. The demand for prepacked sandwiches is high as it offers both, a complete and balanced diet option. Europe was the largest market for the prepacked sandwich category in 2014. Pies and savory appetizers was the second largest category as a result of its high demand from the youth population in countries such as India and China. Prepared salads category is the next largest category and the demand for it is expected to remain high as a result of the health benefits it provides.

However, the chilled and deli foods market is highly fragmented and is dominated by a large number of local players. The penetration level of the private label brands in the chilled and deli foods market is high. The private label brands are mainly sold in the super markets and hyper markets. Recent trends have shown that a large number of food and beverage companies are entering into the chilled and deli foods market with their array of products due to the immense opportunities available in the market. Moreover, the existing brands are adding new varieties to their product line in order to expand their business.

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The report also provides an understanding of the value (USD billion) of chilled and deli foods market. The study also provides forecast from 2015-2021 and highlights current and future market trends. The report also provides an understanding of company shares of chilled and deli foods market in North America, Europe, Asia Pacific, and Rest of the World.

The market for chilled and deli foods market on the basis of geography has been categorized into North America, Europe, Asia Pacific and Rest of the World. The regions have been further subdivided in countries. The U.S., Canada and others have been included in the North America region. The countries included in Europe are U.K., Italy, Spain, France, Germany and Rest of Europe. For the Asia Pacific market, China, India, Japan, Australia and Rest of Asia Pacific are included. Brazil, Argentina and others have been included in the Rest of the World region.

The report also provides the company market share analysis of key players operating in the chilled and deli foods domain. The key players operating in global chilled and deli foods 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.

Chilled and Deli Foods Market: By Product Type

•   Meats
• Pies and Savory Appetizers
• Prepacked Sandwiches
• Prepared Salads
• Others

Chilled and Deli Foods Market Driven by Increasing Demand for Convenient Food Items

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.

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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.

Global Chilled and Deli Foods Market: Prepacked Sandwiches Leads Growth by Dint of Being a Complete Diet, finds TMR

In a highly fragmented global chilled and deli foods market, the three leading companies account for under 30% of the market. Among the top three, Kraft Foods Group Inc. held the dominant share of 12% in the market in 2014. It was followed by Tyson Foods Inc. and BRF S.A. in the second and third positions respectively. Some of the popular strategies adopted by the top-tier market participants to expand their outreach are strategic mergers and acquisitions and increasing spend on research and development to create a range of products to suit different palates.

Providing a stiff competition to the big names in the industry are the local players, who also enjoy a sufficient stronghold in the market. A trend noticeable in the market is that private labels have a high degree of market penetration and mostly purvey their products via supermarkets and hypermarkets. Buying into the promise of solid growth aspiring players are foraying into the market with an array of products. As a result, competition is intense among the international giants, local players, and new entrants.

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A report by Transparency Market Research (TMR) forecasts the revenue in the global chilled and deli foods market to rise at a CAGR of 3.0% from 2015 to 2021 to attain value of US$0.99 bn by 2021.

Bettering Economic Conditions makes Asia Pacific a Market Leader

The different types of chilled and deli foods available in the market can be broadly classified into pies and savory appetizers, meats, prepacked sandwiches, and prepared salads. Among them, prepacked sandwiches grossed the maximum revenue of US$322.72 mn in 2014. Going forward too, it is slated to hold on to its dominant share on the back of robust demand from Europe. It enjoys widespread popularity due to being a complete and balanced diet. In terms of growth rate, however, the pies and savory appetizers segment will overtake others.

Geographically, Asia Pacific leads the global market for chilled and deli foods in terms of revenue, which is slated to increase at a CAGR of 3.8% between 2015 and 2025. The bettering economic conditions in Asia Pacific, especially in the fast-expanding developing economies of China and India, is driving the market significantly. North America trails Asia Pacific in terms of revenue. Prepacked sandwiches are the most popular in North America and in the years ahead, the segment is slated to clock significant growth in the continent.

Fast-paced Lifestyle Results in Demand for Convenience Foods

The most prominent unique perceived benefit of chilled and deli foods is their convenience. This coupled with a fast paced lifestyle has been at the forefront of driving demand in the market. These foods enable those hard pressed for time to eat healthy, wholesome hassle-free meals at any place. “Prepared salads offer a healthy ready to eat food option. The prepacked sandwich category is also expected to grow at a high rate owing to it being a complete and healthy food providing a balanced diet,” explains the lead analyst of the TMR report.

Wide Array of Products Boosts Sales

Other prominent growth drivers in the market are the economic and industrial growth of most regions leading to swift urbanization and rising fortunes of people, which in turn enables them to splurge on such foods. Stiff competition among the various players in the market has also inundated the market with a range of products touting various benefits and flavors. Consumers are spoiled for a choice and this in turn has led to the increasing uptake of chilled and deli foods in the market. In fact, consumers are increasingly preferring such foods over fast foods and other convenience foods.

This review is based on the findings of a TMR report titled “Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Chilled and Deli Foods Market: By Product Type

• Meats
• Pies and Savory Appetizers
• Prepacked Sandwiches
• Prepared Salads
• Others

Asia Pacific Increases Chilled and Deli Foods Consumption, Global Players to Rapidly Enter Region, Says TMR

Kraft Foods Group, Inc., Brasil Foods S.A., and Tyson Foods, Inc. collectively held 28% of the global chilled and deli foods market in 2014, leaving 72% of the revenue to be taken up by a very large number of regional players.

According to Transparency Market Research, these key players aim to acquire greater portions of the market revenue through various market consolidating ventures such as mergers and acquisitions and advanced research and development. For them, consistency in releasing new types of chilled and deli foods and other meats is key to gaining in market share.

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Players Aim for Greater Sales in Rapidly Growing Prepackaged Sandwiches Segment

“Prepackaged sandwiches have been the most popular type of chilled and deli food in recent times. This segment not only has the ability to provide consumers with a more balanced diet, but also provides a high level of convenience. Prepackaged sandwiches fit perfectly into the hectic modern lifestyle of most middle-class workers” states a TMR analyst. While prepackaged sandwiches have always been popular in North America and Europe, they are rapidly gaining popularity in other parts of the world as well.

Meanwhile, thanks to advancements in packaging materials and manufacturing, prepared salads are showing the highest level of promise for players in the chilled and deli foods market. Salads are a highly preferred food preparation today due to the growing health-consciousness of consumers. Improvements in packaging allow salads to be kept fresh for longer, allowing better transportation and sales.

Economic Improvement in APAC Allows More Consumers Access to Chilled and Deli Foods

The demand for chilled and deli foods in Asia Pacific is currently very high and the key reason for this is the rapid growth in economy. China and India are especially responsible for the recent demand and developments in the Asia Pacific market for chilled and deli foods. The increasing disposable income among individuals in the growing urban areas of the two countries now hold key opportunities for not only the globally prominent players, but also the regionally popular ones.

Asia Pacific also holds a unique advantage for players in the form of a growing workforce in the chilled and deli foods business, especially in women. The increasing acceptance of modern social concepts and the need for greater earnings are increasingly allowing women to take up work, which holds promise for the chilled and deli foods business.

Demand for Chilled and Deli Foods Continues to Grow in Asia Pacific

The revenue generated globally by the chilled and deli foods players is expected to increase at a CAGR of 3.0% within a forecast period from 2015 to 2021. The revenue is expected to reach US$853.5 bn by the end of 2016 and US$988.7 bn by 2021.

Asia Pacific, through its high population density and rapid ongoing industrial growth, will consistently present the highest demand for chilled and deli foods. It is expected to reach a revenue of US$366.92 bn by the end of 2021.

The information presented in this review is based on a Transparency Market Research report, titled “Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Key Takeaways:

• Asia Pacific expected to generate chilled and deli foods revenue of US$399.92 bn by 2021.
• US$397.46 bn of annual revenue in global chilled and deli foods market expected to be derived from pre-packaged sandwiches by 2021.
• Pies and savory appetizers segment expected to be valued at US$297.7 bn by 2021

Key Segments of the Global Chilled and Deli Foods Market

Global Chilled and Deli Foods Market, by Type:

• Meats
• Pies and Savory Appetizers
• Prepackaged sandwiches
• Prepared salads
• Others

Global Chilled and Deli Foods Market, by Geography:

• North America
• Europe
• Asia Pacific
• Rest of the World 

Chilled and Deli Foods Market is Expected to Reach a Revenue of US$988.7 bn by 2021 Expanding At CAGR of 3.0%

Global Chilled and Deli Foods Market: Snapshot

Convenience is the key reason why people are preferring chilled and deli foods at an accelerated rate. These foods provide a user the option of eating quickly in a hectic lifestyle while maintaining a relatively healthier and wholesome diet. At the moment, players are being given major opportunities due to the growing popularity of chilled and deli foods in emerging economies.

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Economic and industrial growth of most regions is imparting a greater scope for consumers to indulge in fast foods and convenience foods, and chilled and deli foods provide one of the more preferred options. Consumers are also showing greater attention to health benefits of consuming various foods, an area where chilled and deli foods can prove more beneficial than fast foods and other convenience foods. This applies especially to prepackaged sandwiches and prepared salads.

As a result of these factors that cumulatively increase the demand for chilled and deli foods, its globally generated revenue is expected to expand at a CAGR of 3.0% from 2015 to 2021. This revenue is expected to reach US$853.49 bn by the end of 2016 and US$988.70 bn by 2021.

Asia Pacific Demand for Chilled and Deli Foods Draws More Players to Region

Chilled and deli foods have been present in North American and European culture for long enough to become an integral part of their cooking and eating habits. As a result, the market is saturated with prominent names as well as regional players that may or may not succeed in achieving a solid and consistent share in the market.

On the other hand, Asia Pacific holds a large number of opportunities for players looking to gain revenue in chilled and deli foods sales and distribution. The region is rapidly evolving in terms of industrial and urban growth, thereby creating major regional markets where consumers with high disposable incomes prevail. This is why a lot of players are emerging in Asia Pacific while globally prominent ones are aggressively entering this market for greater revenue shares.

Prepackaged Sandwiches Hold a Globally Increasing Demand

An important thing for all chilled and deli foods players to consider is that the demand for specific types of foods changes drastically from country to country. There are still generally popular items pertaining to an entire market region as well, such as the high preference of pies and savory appetizers in Asia Pacific, and the key trend of purchasing prepackaged sandwiches in the urban areas of North America and Europe.

There is a commonly high demand for two types of products that chilled and deli foods players can provide; prepackaged sandwiches and prepared salads. The former has consistently been at high demand in North America and Europe, owing to bread being an integral part of the cuisines of these regions, the higher fulfillment of dietary requirements through sandwiches than other convenience foods, and the ease of consuming prepackaged sandwiches within a time-pressed lifestyle.

The key chilled and deli foods players from a global perspective are Kraft Foods Group, Inc., Tyson Foods, Inc., and Brasil Foods S.A.