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2022
Chilled And Deli Food Market

Chilled and Deli Food Market by Product Type(Meats, Pies & Savory Appetizers, Pre-Packed Sandwiches, Prepared Salads, and Others), Packaging (Tins, Cans, Plastic Packs, Cardboard, and Others), and Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Food Service Outlets, Online Channel, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031

A01506
Pages: 280
Feb 2022 | 12133 Views
Author(s) : Indranil Chakraborty, Vidit Gite , Roshan Deshmukh
Tables: 141
Charts: 63
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COVID-19

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The global chilled and deli food market was valued at $888,628 million in 2020, and is projected to reach $1,639,968 million by 2031, registering a CAGR of 4.2% from 2022 to 2031. Chilled and deli food are ready-to -eat products, which can be easily consumed and stored at a low temperature. The global chilled and deli food market size is expected to witness notable growth in the coming years due to increase in demand for ready-to-cook food items. Chilled and deli food has become an important part of the consumers life.  In addition, change in lifestyle demographics is another driving factor for the growth of this market.

The COVID-19 pandemic disrupted food & beverage supply chains all across the globe. Consumption habits of consumers have changed by the perception of the risk associated with COVID-19. Consumer's fear of potential food & beverages shortages has fueled the hoarding trend. The hoarding had led to an increase in demand for chilled and deli food products and the companies were unable to meet the market demand. The vaccination drive and lockdown practices to limit the spread of the virus globally are likely to aid in the growth of the chilled and deli food market in regaining its position in the food & beverage sector.

However, the usage of nitrates and nitrites in deli food products cause cardiovascular problem in consumers that is negatively impacting the chilled and deli food market growth. Consumers look for the products that are nitrates free and are good in quality.

Chilled-and-Deli-Food-Market

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The chilled and deli food market is segmented on the basis of product type, packaging, distribution channel, and region. On the basis of product type, the market is segmented into meats, pies & savory appetizers, pre-packed sandwiches, prepared salads, and others. By packaging, the market is segmented into tins, cans, plastic packs, cardboard, and others. On the basis of distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, specialty stores, food service outlets, online channel, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

According to chilled and deli food market trends, on the basis of product type, the pies & savory appetizers segment dominated the global market in 2020 and is expected to be dominant during the chilled and deli food market forecast period. The pies & savory appetizers segment was valued at $255,674.2 million in 2020 and is expected to reach $454,259.2 million by 2031, with a CAGR of 3.9%. Pies & savory appetizers are the most popular deli food products offered by the manufacturers from all across the globe. The introduction of savory appetizers in meat variants has provided a unique taste that has grabbed the interest of the consumers.

On the basis of packaging, the plastic packs segment was valued at $378,159.2 million in 2020 and is expected to reach $631,589.5 million by 2031, with a CAGR of 3.3%. Plastic packs are a reliable material for packaging as it is cost-effective and provides complete protection from cross contaminations.

Chilled and Deli Food Market
By Product Type

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Prepared Salads segment would exhibit the highest CAGR of 5.5% during 2022-2031, owing to the increased demand of healthy food alternatives by the consumers in order to maintain proper health condition.

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According to the chilled and deli food market analysis, by distribution channel, the online channel segment was valued at $94,306.6 million in 2020 and is projected to reach $204,459.8 million by 2031, registering a CAGR of 5.8%. Factors such as changes in purchasing habits and the increase inpopularity of e-commerce channels have boosted the distribution of chilled and deli foods through online channels. The emerging economies, such as India and China, have witnessed significant adoption of chilled and deli foods due to urbanization, economic growth, and surge in middle-class population.

Chilled and Deli Food Market
By Packaging

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Others segment would exhibit the highest CAGR of 6.1% during 2022-2031, owing to the increased usage laminated papers by manufacturing companies for packaging of deli food to tackle environmental degradation.

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Region wise, North America dominated the chilled and deli food market in 2021, and is expected to be dominant during the forecast period. The dominance in the market is largely due to existence of deli food operations in North America, and the availability of several variants of products and flavors that are preferred by the consumers according to their taste. Increase in demand for ready-to-eat foods in the population of North America drives the growth of the chilled and deli food products.

Chilled and Deli Food Market
By Distribution Channel

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Online Channel segment would exhibit the highest CAGR of 5.8% during 2022-2031, owing to the increased association of internet and e-shopping with consumers in developing region.

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The players operating in the global chilled and deli food market have adopted various developmental strategies to expand their chilled and deli food market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Astral Foods Ltd., BRF S.A., Hormel Foods Corporation, JBS S.A., Samworth Brothers Limited, The Kraft Heinz Company, Tyson Foods, Inc, Waitrose & Partners, Wm Morrison Supermarkets, and 2 Sisters Food Group.

Chilled and Deli Food Market
By Region

2031
Europe 
North America
Asia Pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 5.6% during 2022-2031, owing to the increase in westernization and adaption of innovative chilled and deli food products among consumers in the region.

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2022-2031 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing chilled and deli food market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market.
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the chilled and deli food industry.

Key Market Segments

  • By Product Type
    • Meats
    • Pies & Savory Appetizers
    • Pre-packed Sandwiches
    • Prepared Salads
    • Others
  • By Packaging
    • Tins
    • Cans
    • Plastic packs
    • Cardboard
    • Others
  • By Distribution Channel
    • Hypermarkets/Supermarkets
    • Specialty Stores
    • Food Service Outlets
    • Online Channel
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • South Africa
      • Rest of LAMEA
 

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The chilled and deli food market has a substantial scope for growth, globally. The market's contribution to the global market, which is still in its early stages, is expected to rise considerably during the next six years.. These strategies go beyond only the imperishable aspect and emphasize a differentiated offer to satisfy varying functional and sustainability performance needs in different market segments.

Strategic practices among the world’s largest multinational food & beverage enterprises interpret into a trend that they tend to adopt a regional, rather than a global, approach to product offering and development. The important interplay between corporate standards and local conditions is emphasized not only on the products but also on the adopted business models essential to be successful in emerging markets.

Region wise, the market is expected to register an appreciable growth in Asia-Pacific and in most developing countries such as India and China, owing to rise in disposable income demographic. Moreover, chilled and deli foods such as pie & savory appetizers are gaining popularity, and are expected to have huge demand potential in the future.

 

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FREQUENTLY ASKED QUESTIONS?

A. The global chilled and deli food market size was valued at $888,628.0 million in 2020, and is estimated to reach $1,639,968.0 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.

A. The forecast period in the chilled and deli food market report is from 2022 to 2031.

A. The base year calculated in the chilled and deli food market report is 2020.

A. The top companies that hold the market share in the chilled and deli food market include BRF S.A., Hormel Foods Corporation, JBS USA S.A., Tyson Foods, Inc., and The Kraftz Heinz Company.

A. The prepared salads segment is the most influencing segment growing in the chilled and deli food market report.

A. North America holds the maximum market share of the chilled and deli food market.

A. The company profile has been selected on the basis of various strategies such as acquisition, business expansion, collaboration, divestiture, partnership, product launch, and sustainability.

A. The global chilled and deli food market size was valued at $888,628.0 million in 2020.

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