USD 217.5 billion
Chilled and Deli Food Market Size, Share, Growth Analysis, By Product(Meat, Savoury appetizers, Prepared salads, Pre-packaged products), By Type(Conventional and Organic), By Packaging(Tins, cans, plastic packs, cardboards), By Distribution channel(Supermarkets & Hypermarkets, Convenience Stores, Online, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2071 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
122
|Figures:
77
Chilled and Deli Food Market Insights
Global Chilled and Deli Food Market size was valued at USD 224.94 billion in 2022 and is poised to grow from USD 237.74 billion in 2023 to USD 370.43 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
Chilled and deli foods are ready-to-eat foods, which are easily consumable and can be stored for long in low temperatures. Growing consumer preference for chilled and delicatessen products and consumer desire to understand different nutritional ingredients is one of the key trends driving the market. Changing consumer preference for convenient foods due to busy lifestyles and convenience provided is expected to remain one of the key trends driving the growth of the market during the forecast period. A report released by Kerry Group in May 2020 found that 26.0% of consumers said prepared meals were the most important consideration when purchasing fresh produce, compared with 66.0% of consumers. Buys ready-to-eat snacks, meals and more from retailers each month.
Consumers continue to demand health-enhancing products with clean label attributes such as “all natural, 100% natural,” “real made,” and “organic.” Since the outbreak, it seems to have gained even more momentum. Meanwhile, with increasing pressure on brands to expand their portfolios, the overall concept of frozen food is shifting further towards plant-based/vegan/organic ingredients. In recent years, prepared foods and superfoods have become supermarket deli giants. Ready-to-eat meals, side dishes, salads, pre-sliced meats and cheeses, and ready-to-eat side dishes provide both consumer friendliness and time savings, driving market growth.
US Chilled And Deli Food Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Conventional
Fastest Growth
Conventional
Growth Rate
5.5% CAGR
Global Chilled And Deli Food Market ($ Bn)
Country Share for North America Region (%)
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Chilled and Deli Food Market Segmental Analysis
Chilled and Deli Food Market is segmented based on the age Product, type, Packaging, Distribution Channel, and region. Based on product, the Chilled and Deli Food Market is segmented into Meat and meats substitute, appetizers, Prepared salads, Pre-packaged products, Sauces, Condiments and dressings, and others. Based on Type, the Chilled and Deli Food Market is segmented into Conventional and Organic. Based on packaging, the Chilled and Deli Food Market is categorized into Tins, cans, plastic packs, cardboards, and others. On the Basis of Distribution Channel the Chilled and Deli Food Market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on region, the Chilled and Deli Food Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Chilled and Deli Food Market Analysis by Product
The meat and meat substitutes segment is expected to hold the largest market share in 2021 and maintain its dominance over the forecast period. The fast-paced lives of people in both developed and developing countries are causing the working class to preferentially shift from conventional meats to chilled foods and processed meat products that meet deli needs.
The Global Frozen/chilled Meat Market size was valued at USD 22.18 billion in 2021. Therefore, manufacturers are launching new products in different flavors to meet the new demand. In January 2022 KQF, the British manufacturer of halal convenience foods, announced the launch of its new Premium Sliced Meats range comprising deli-style slices of ready-cooked beef, chicken, and lamb in nine flavors.
Like the meat and meat substituted segment, in future, the convenience food and side dish segment is expected to witness the fastest CAGR. Due to their convenience and extended shelf life, ready-to-eat foods may gain traction among consumers. Ready Meals guarantees its customers high quality food with delicious taste and local/organic ingredients at affordable prices. Consumers, especially millennials, tending to prepare meals for their hectic lifestyles should pay off as demand rises. Large brands operating in this segment may leverage this product segment to increase their market share by launching new ready-to-eat meals.
Chilled and Deli Food Market Analysis by Distribution channel
Supermarkets & hypermarkets distribution channels made the largest contribution to the global market in 2021. While ready-to-eat meals are dominating supermarket shelves, some local restaurants and ghost kitchens are partnering with supermarkets to offer a wide range of products. In February 2021, Unreal Deli announced a nationwide supermarket retailer for chilled groceries and deli. U.S. supermarkets include Wegmans, Fresh Thyme, HEB, Whole Foods, Giant Food and Ralph's Stores, offering plant-based meats, real veggie deli sandwiches, and high-protein grains.
Online sales channel is expected to grow faster during the forecast period. Deli brands have adopted online sales channels, and many deli brands sell their products online. Many manufacturers use e-commerce to sell their goods directly to consumers.
Global Chilled And Deli Food Market By Type
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Chilled and Deli Food Market Regional Insights
North America accounted for the largest share of 34.3% in 2021. As growing demand for convenient on-the-go groceries has underpinned the region's dominance. While some customers supplement their regular meals with chilled products such as prepackaged sandwiches and ready-to-eat salads, some time-pressed consumers prefer to keep their regular meals the same. Therefore, it is estimated that changes in consumer lifestyles, especially dietary habits, and growing need for ready-to-eat foods will increase sales of such products in the region. Preference for nutrient-rich superfoods among the consumers is increasing the demand for chilled & deli foods in the region. Many consumers use chilled products to enhance their usual meals, such as premade sandwiches and prepared salads, while others who are short on time use them to replace their normal meals.
Asia – Pacific (APAC) region is estimated to grow at a higher CAGR owing to the rising population and increasing disposable incomes. With the growth of modern grocery stores in emerging markets, chilled and deli sales are increasing as companies invest in fresh, chilled and deli cold chain facilities. The market is driven solely by the need for convenient food that does not take long to prepare and consume. Sales of refrigerated and deli products are growing as modern retailers expand in emerging markets. In emerging markets, companies are increasingly investing in cold chain infrastructure for fresh chilled packaged products. The market is primarily driven by the need for convenient products that take less time to prepare and consume. Retail chains are clearly driving demand for savory appetizers.
Global Chilled And Deli Food Market By Region
- Largest
- Fastest
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Chilled and Deli Food Market Dynamics
Chilled and Deli Food Market Drivers
Rise of E-Commerce to Bolster Market Growth
- Spread of e-commerce portals as the increasing use of e-commerce portals for trading delicacies by local producers through the development of exchanges is expected to encourage businessmen to adopt new strategies.
- Increase in Female Employees and Changes in Lifestyles as the increased reliance of professionals on ready-to-use food has increased the demand for chilled and deli products, resulting in faster and higher sales of chilled and deli products. As the world's population grows and income levels rise in emerging markets, markets for food and other resources expand. More and more women are choosing to work rather than stay at home. This led to an increase in the labor force. It is also prevalent in households where both men and women work, increasing our reliance on ready-to-eat foods.
Chilled and Deli Food Market Restraints
Usage of Synthetic Preservatives to Hinder Market Growth
- Governmental regulations and increased use of synthetic preservatives are limited as the government regulates the manufacture and distribution of chilled and deli products to preserve the nutritional content of food and prevent contamination during transportation. Tighter government regulations on chilled and deli products have prevented manufacturers from meeting market demand, creating a large gap between supply and demand, directly limiting market growth.
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Chilled and Deli Food Market Competitive Landscape
The chilled and deli food market holds great potential for international and regional players. Emerging market players, especially from developing countries, are expected to have more opportunities to enter the market. Increasing establishment of government initiatives and increasing foreign investment to develop the sector, mainly in China and India, are expected to spur industry growth in the coming years. Overall, the global market is highly competitive and dependent on product development and technological advancements. Industry players are striving to match local tastes and gain a competitive advantage over others. The presence of local players poses a significant threat to large multinationals in terms of product quality and prices offered to customers.
Chilled and Deli Food Market Top Player's Company Profiles
- Tyson Foods Inc.
- JBS SA
- BRF S.A.
- Hormel Foods Corporation
- Nestle SA
- ConAgra Foods Inc.
- Danone SA
- Kerry Group PLC
- Maple Leaf Foods Inc.
- Smithfield Foods Inc.
- 2 Sisters Food Group
- Pilgrim's Pride Corporation
- Grupo Bimbo S.A.B. de C.V.
- Greencore Group PLC
- Campofrio Food Group S.A.
- AdvancePierre Foods Holdings Inc.
- Oscar Mayer
- Boar's Head Provisions Co. Inc.
- Columbus Craft Meats
- Sara Lee Corporation
Chilled and Deli Food Market Recent Developments
- In February 2022 California-based startup Prime Roots launched a new line of vegan deli and charcuterie meats made from koji (a Japanese fungus). The new product line includes both classic deli meats such as cracked black pepper turkey, Smokey ham, and pepperoni, along with delicacies such as meatless foie gras and pâté.
- In January 2022 KQF, the British manufacturer of halal convenience foods, announced the launch of its new Premium Sliced Meats range comprising deli-style slices of ready-cooked beef, chicken, and lamb in nine flavors.
- In March 2022, Verdino Green Foods U.K. expanded its product portfolio by adding three new products such as Mortadella with Pistachio (80g), Dry-Cured Salami (240g), and Bacon (80g) in its plant-based deli foods range.
Chilled and Deli Food Key Market Trends
- As frozen food brands enter the market with new product launches, many of the established brands in the market focus on go-to-market strategies such as online advertising campaigns, rebranding and packaging to launch new ranges of products. For example, in April 2021, Land O'Frost, one of his top-selling brands of sliced sausage products in the U.S. and maker of specialty meats, will rebrand Bistro Favorite Meat for his brand.
- Prepacked products are expected to be the largest product category among chilled and deli products during the plan period. These days, these foods meet a wide range of organic standards, including kosher and organic. Prepared salads, chilled pizzas, soups, savory appetizers, chilled pastas, and packaged sandwiches are included in the packaged food category. These foods come in the form of readily available frozen foods. Also, people prefer such meals because the packaging is simple. The frozen desserts and delicatessen market is affected by this reason.
Chilled and Deli Food Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Chilled and Deli Food Market analysis, the conventional segment is expected to have a large market share in 2021 and maintain its dominance over the forecast period. As consumer demand for refrigerated and premium foods increases, supermarket shelves in major countries such as the US and UK are likely to be dominated by traditional segments, making this market a boon for future market growth. There is a possibility. North America is expected to hold a large share to become the largest segment in global sales in 2021. Consumer preference for nutritious superfoods drives demand for chilled and deli foods in the region.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 224.94 billion |
| Market size value in 2031 | USD 370.43 billion |
| Growth Rate | 5.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Chilled and Deli Food Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Chilled and Deli Food Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Chilled and Deli Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chilled and Deli Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chilled and Deli Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chilled and Deli Food Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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