Chilled And Deli Foods Market By Product (Meat, Pre-Packaged Products, Condiments & Dressings, Savory Appetizers, Prepared Salads, and Sauces) and By Distribution Channel (Hypermarkets/Supermarkets, B2B, E-Commerce, Specialty Retail, and Others): Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018–2026

Global chilled and deli foods market expected to reach around USD 432.24 billion by 2026, at a CAGR of 4.4% between 2019 and 2026. The chilled and deli foods market is expected to show remarkable growth over the forecast time period, owing to the increasing demand for meat products by the food and beverage industry.

19-Sep-2019 | Number of pages: 110 | Report Code: ZMR-4751 | Report Format : | Status : Published

Analysis

Foods that are easy to consume and ready to eat and can be stored at low temperatures for long duration for their future use. These food items have become an essential part of an individual’s life these days, due to their busy and hectic lives. Even the varieties in these food items is attracting consumers’ attention and helping the market to grow.

The chilled and deli foods market is expected to show remarkable growth over the forecast time period, owing to the increasing demand for meat products by the food and beverage industry. Due to busy lives, consumers are attracted toward ready-made and confectionary food items as they are convenient for consumption. Moreover, the increase in the disposable income of the consumers globally is further driving the chilled and deli foods market, as they can now afford to spend more on better quality food products. However, increasing health-consciousness of consumers regarding the harmful effects of some of these products may limit the this market. Technological advancements and growing focus on product development techniques are expected to generate substantial growth opportunities for the chilled and deli foods market.

The chilled and deli foods market is fragmented into product and distribution channel. The product segment includes pre-packaged products, meat, savory appetizers, condiments and dressings, sauces, and prepared salads. The pre-packaged segment is expected to hold the largest market in the future, owing to the rising product demand due to their affordability and convenient consumption. Prepared salads are also expected to witness notable CAGR over the upcoming years, owing to the growing vegetarianism trends and various health benefits of salads including prevention against cancer and cardiovascular diseases.

By distribution channel, the market includes specialty retail, B2B, e-commerce, hypermarkets/supermarkets, and others. Hypermarkets/supermarkets segment is the major distribution channel in this market, due to their features like the availability of a wide variety of food types and brands, huge discounts, and tangibility. Moreover, the world is moving toward online distribution channel rapidly, which seems to have lucrative future opportunities for the e-commerce segment. 

North America is expected to dominate the global chilled and deli foods market in the future, owing to the high consumption of ready-to-go and packaged food products. These foods have been consumed by the regional population since years now and they have been comfortable with them. The Asia Pacific chilled and deli foods market is expected to witness the highest rate of growth over the forecast time period, owing to the changing lifestyles and rising disposable income of the consumers.

Some major players operating in the chilled and deli foods market are 2 Sisters Food, Astral Foods, Samworth Brothers, Waitrose Limited, Tyson Foods, Nestle, JBS, Kraft Heinz Company, and Del Monte.


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