Global Chilled and Deli Foods Market Driven by Increasing Demand for Ready-to-eat Foods; to Exhibit 3.0% CAGR 2015-2021

The global chilled and deli foods market is the focus of analysis of a market intelligence report recently published by Transparency Market Research. The report states that the market’s growth is supplemented by the expansion of supermarkets and hypermarkets in developing regions and the emergence of new brands in the chilled and deli foods segment. The market is expected to exhibit a moderate 3.0% CAGR from 2015 through 2021. If the prediction holds true, the market, which was pegged at US$799.4 bn in 2014, will rise to a valuation of US$988.7 bn by 2021. The report is titled “Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” and is available on the company’s website for sale.

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Chilled and deli foods are ready-for-consumption food products, which tend well to the needs of people for whom time is a big constraint. The provision of wholesome, filling, and healthy meals that can be consumed easily and quickly is the main focus of the field of chilled and deli foods. As these food products are made for quick consumption, they are considered healthier than frozen foods and are more popular than the latter in many regional markets, such as Europe.

The market is driven by the rising demand for convenience foods from the busy urban population. The busy lifestyles and the increased adoption of Western eating habits among the urban population are the major factors leading to the increased demand for chilled and deli foods in the global market.

For providing the reader with an effective and through overview of every important aspect of the market, the market is analyzed from the perspective of two broad criteria: product type and geography.

The global chilled and deli foods market is examined for product types such as pre-packed sandwiches, meats, prepared salads, pies and savories, and other product varieties. Of these, the segment of pre-packed sandwiches dominated the market revenue-wise in 2014, accounting for revenue of US$322.7 bn in the global market. The segment of pies and savories is projected to expand at a 2.50% CAGR over the forecast period; the demand for this segment will be majorly driven by the high consumption of a variety of savory food products in Asia Pacific.

Of the key regional markets for chilled and deli foods analyzed in the report, Asia Pacific dominated revenue-wise in 2014. The foray of supermarkets and hypermarkets in the region, the rising population of working women and busy urban dwellers, and rising disposable incomes will help the Asia Pacific market maintain its dominant stance in the global chilled and deli food market over the forecast period.

The report also gives a thorough overview of the competitive landscape of the global chilled and deli foods market with the help of detailed business profiles and other important details pertaining to some of the major companies operating in the market. Some of the market’s most prominent companies profiled in the report are Samworth Brothers Limited, Hormel Foods Corporation, Tyson Foods Inc., Kraft Foods Group Inc., JBS S.A., Astral Foods Ltd., BRF S.A., Waitrose Limited, and 2 Sisters Food Group.

The market has been segmented as:

Global Chilled and Deli Foods Market: By Product Type
Meats
Pies and Savory Appetizers
Prepacked Sandwiches
Prepared Salads
Others

Global Chilled and Deli Foods Market: By Geography/ Country
North America
U.S.
Canada
Others
Europe
U.K.
Italy
Spain
France
Germany
Others
Asia Pacific
China
India
Japan
Australia
Others
Rest of the World
Brazil
Argentina
Others

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This release was published on openPR.