San Francisco, 12 March 2019: The Report Chilled & Deli Foods Market Size, Share & Trends Analysis Report By
Products (Meat, Savory Appetizers, Prepared Salads, Pre-Packaged Products,
Sauces, Condiments & Dressings), And Segment Forecasts, 2019 - 2025
The global chilled & deli foods market size is likely to reach USD 267.70 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.2% during the forecast period. Chilled & deli foods are witnessing increasing demand in the food & beverages industry, mainly owing to growing acceptance among consumers. The popularity of these products is largely associated with their ease of preparation, storage, and availability in retail outlets, which is expected to influence the global consumption patterns over the forecast years.
Pre-packaged products are likely to be the
largest product segment for the chilled & deli foods market throughout the
forecast horizon. Chilled & deli foods are among promising segments in the
food & beverage sector with its increasing acceptance among consumers since
the available product range caters to a wide range of requirements such as
Kosher and organic. Moreover, staple food is also readily available as a frozen
meal wherein, advancements in packaging have increased the convenience of such
type of meals.
The demand for savory appetizers in the
market is primarily driven by tastes and variety. While North America and
Europe are the largest regions in terms of consumption, growth in these regions
is lower than in the largely developing regions. Asia Pacific is poised to
offer tremendous growth opportunities owing to increment in consumption per
capita and increasing population catering to global supplies. Widening base of
middle class population is also playing a pivotal role in the development of
the regional market. The same is true in Africa, although the growth trajectory
for savory is still lower than Asia Pacific currently.
Concerns among buyers regarding adverse
health effects caused due to degradation of ready foodstuffs have been rising,
thereby leading to increased requirement for maintaining freshness of products
such as bread rolls, frozen desserts, and chocolates for a longer duration.
Increasing requirement for baked goods and confectioneries in light of new
product launches in frozen desserts and liquor chocolates is expected to fuel
the demand for chilled & deli foods over the forecast period.
With increasing number of working-class
population and changing lifestyles, retail stores are emphasizing on altering
present state of display and focusing on products that have greater shelf life
and capable of retaining quality while kept frozen. In emerging markets in
Latin America, Southeast Asia, and Eastern Europe, relatively buoyant income
growth is translating into greater affordability and inclination towards new
goods and services.
The distribution channel for chilled &
deli foods is largely pivoted to supermarkets & hypermarkets, convenient
stores, specialty stores, and e-commerce portals capable of catering to a large
consumer base. Some of the distribution channels involved in the marketing of
chilled & deli foods are Waitrose Limited, Kroger, Walmart, Godrej Natural
Baskets, and Wesfarmers Limited. E-commerce portals such as Big Basket, Graze,
Raw to Door, and Planet Organic have been gradually gaining acceptance among
new-age consumers over the past few years.
Access Research Report of Chilled & Deli Foods Market @ www.grandviewresearch.com/industry-analysis/chilled-deli-food-market
Further key findings from the report suggest:
· In terms of product, the pre-packaged
products segment was valued at USD 40.54 billion in 2017. It is expected to
expand at a CAGR of 5.8% over the forecast period
· Central & South America is projected to
witness a growth rate of 4.3% over the forecast period, owing to increasing
number of food retail chains in countries including Brazil, Venezuela, and
Argentina
· Asia Pacific offers growing investment
opportunities for chilled and deli food manufacturers, driven by high-potential
customer base in the region
· Countries in APAC, especially India and
China, are expected to observe remarkable growth during the forecast period.
The overall region is expected to progress at a CAGR of 5.8%, primarily as a
result of rising demand for exquisite chilled and deli foods
· Some of the key companies present in the
market are Tyson Foods, Inc, Cargill Meat Solutions, Arthur’s Food Company,
Gainsborough Chilled Foods Ltd, Ready Pac, and Winterbotham Derby.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the
global chilled & deli foods market on the basis of product and region:
Chilled & Deli Foods Product Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Meat
·
Savory Appetizers
·
Prepared Salads
·
Pre-Packaged products
·
Sauces, Condiments & Dressings
·
Others
Chilled & Deli Foods Regional Outlook
(Revenue, USD Billion, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle east & Africa
Access Press Release of
Chilled & Deli Foods Market@ www.grandviewresearch.com/press-release/global-chilled-deli-food-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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