A recent report published by Infinium Global Research on chilled & deli foods market provides in-depth analysis of segments and sub-segments in the global as well as regional chilled & deli foods market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional chilled & deli foods market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global chilled & deli foods market. According to the report, the global chilled & deli foods market is projected to grow at a CAGR of 5.26% over the forecast period of 2019-2025.
Changing economic, social, and demographic scenario of the world is putting pressure on food supply, which has created new challenges for food manufacturers and consumers. This is expected to reshape the context for frozen food and consumer perceptions of the category. Chilled & deli foods are the ready-to-eat, easily consumed food items that can be stored in refrigerators for a longer period of time without getting spoiled. The chilled & deli foods market is dominated by players including Kraft Heinz Company, Del Monte Foods, Inc., Samworth Brothers Ltd., 2 Sisters Food Group, Waitrose & Partners and others, who are having a tie-up with regional producers and retailers.
The changing demographics and changing lifestyle are the major driving factors for the chilled & deli foods market. The growing industrialization and increasing working class population, particularly working women have increased the demand for convenience food items, which in turn boosts the chilled & deli foods market. Moreover, the rise in awareness among the population regarding nutritious foods has augmented the growth of the chilled & deli foods market. Furthermore, the surge in the number of supermarkets and hypermarkets in cities and towns is supporting the growth of the chilled & deli foods market. However, the rising cost of raw materials is the major restraining factor for the growth of the chilled & deli foods market. Nevertheless, the emergence of online stores and the increasing sale of foods in online stores is expected to offer favorable business opportunities for the key players in the chilled & deli foods market.
Geographically, North America generated the highest revenue for the chilled & deli foods, dominating the global market. The largest share of the North American market attributed to the increasing demand for convenience foods, a growing number of working women and rising health consciousness among the people in this region. The Asia-pacific chilled & deli foods market registered the highest growth rate owing to an increase in the number of supermarkets and hypermarkets, increasing the working class population and the rising influence of the western food habits in countries like China and India.
The report on global chilled & deli foods market covers segments such as type. On the basis of type, the sub-markets include meat, pies and savory appetizers, pre-packaged products, prepared salads, sauces, condiments & dressings, and types.
The report provides profiles of the companies in the market such as Kraft Heinz Company, Del Monte Foods, Inc., Samworth Brothers Ltd., 2 Sisters Food Group, Waitrose & Partners, BRF S.A., Astral Foods Ltd., Tyson Foods Inc., Hormel Foods Corporation, JBS S.A., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of chilled & deli foods market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.