Chilled and Deli Food Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, Packaging and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2022–2031

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.

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.

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.

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.

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.

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.

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.