Chilled and Deli Food Market Overview:
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 is expected to witness notable growth in the coming years due to the increasing demand for convenience food items. Chilled and deli food has become an important part of the consumers life due to the increasing use of the chilled and deli food items in daily life. In addition, changing lifestyle demographics is another driving factor boosting the growth of this market.
Chilled and deli food products are mainly consumed by people who are working and have don’t have time to cook. In addition, expansion of hypermarkets and supermarkets, increasing disposable income, upswing in living standards and increasing number of working women are major factors that are contributing to the growth of this market. However, increasing government regulations on food supply chain and labeling as well as rising use of synthetic preservatives are factors restraining the growth of this market.
Breakdown of Primary Respondents
Top Investment Pockets
The global chilled and deli food market is primarily categorized into major segments such as meats, pies & savory appetizers, prepacked sandwiches, prepared salads, and others (chilled pizzas, chilled pasta, soups). Currently, prepacked sandwiches and pies & savory appetizers segments are witnessing huge growth and this is expected to continue at the same pace. These segments have a high rate of growth rate in the chilled and deli food market due to increasing disposable income as well as expansion of hypermarkets and supermarkets. Moreover, the rapid growth of this market is due to improving economic conditions in developing countries. In addition, the global chilled and deli food market has the potential to generate high returns due to continuous addition of new and innovative products with new flavors, which is attracting consumers these products.
The prepacked sandwiches segment has the highest market share in the chilled and deli food market. However, the pies and savory appetizers segment is expected to have the with highest growth rate. Thus, the pies and savory appetizers segment is identified as one of the profitable segments as compared to the other segments and net sales volume is also likely to increase drastically.
Top Investment Pockets
Top Winning Strategies
The merger & acquisitions and business expansion strategies largely drive the growth of the global chilled and deli food market. Partnerships, product launch & joint ventures are other prominent strategies adopted by key players in order to remain competitive in the market. Almost 42% of the top strategies were mergers and acquisitions. Business expansion, partnership, product launch, and joint venture accounted for 27%, 15%, 14%, and 2% of the overall key strategies, respectively.
Top Winning Strategies
The global chilled and deli food market is segmented based on the product type such as meats, pies and savory appetizers, prepacked sandwiches, prepared salads, and others. The prepacked sandwiches segment is the largest segment in the current market and is expected to continue its market leadership over the forecast period due to the availability of different ingredients according to the choice of consumers.
GLOBAL PREPACKED SANDWICHES MARKET ($MILLION), Y-O-Y GROWTH (%), 2015-2022
Geographically, the market is categorized into North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific dominates the global chilled and deli food market due to increasing disposable income and upswing in living standards of people in developing countries such as China and India.
The key players of the global chilled and deli food market are Samworth Brothers Ltd., Tyson Foods Inc., Hormel Foods Corporation, JBS S.A., Kraft Foods Group Inc., BRF S.A., Astral Foods Ltd., 2 Sisters Food Group, Waitrose Ltd., Wm Morrison Supermarkets Plc.
Other key players (not profiled in the report) include Addo Foods Ltd., Cargill, Inc., Kraft Heinz Co., Danone SA, Kellogg Co., ConAgra Brand, Inc., Kerry Group Plc, Del Monte Foods, Inc., Dole Food Company, Inc., and Brasil Foods S.A., among others.
- Chilled and deli food market forecast gives a detailed analysis about the dynamic changes in the market among various perspectives.
- This report provides deep insights about the various opportunities present in the global chilled and deli food market.
- Report provides details about the positioning of the global chilled and deli food market in different geographical segments.
- This report entails the detailed quantitative analysis of current market and estimations through 2014-2022 that assist in identifying the prevailing market opportunities to capitalize on the global chilled and deli food market growth.
- Comprehensive analysis on factors that are driving and restraining the chilled and deli food market growth are included.
- Competitive intelligence of leading manufacturers and distributors in the chilled and deli food market mentioned in report helps in understanding the competitive scenario across the geographies.
Chilled and Deli Food Market Key Segments
- Pies & Savory Appetizers
- Prepacked Sandwiches
- Prepared Salads
Market by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East