Press release
Deli Meat Market Expected to Reach $27.4 Billion by 2030, Says Allied Market Research
Deli Meat Market
โถ๏ธ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/13813
The global deli meat market is characterized by the consumption of precooked or cured meats, commonly served cold or hot, and made from various sources such as beef, pork, chicken, turkey, veal, and ovine. Deli meats are popularly incorporated into sandwiches or charcuterie trays. The market is witnessing growth attributed to factors including increasing population, rapid westernization, and rising disposable incomes. Consumers' reliance on processed and ready-to-eat meals is a key driver for the demand for deli meats.
Technological advancements in the processed meat industry play a vital role in meeting the rising demand for meat products. Innovations like Jumo Systems, specialized for meat processing, regulate temperature, remove excess moisture, and reduce processing time while maintaining product quality. These advancements contribute to improved product quality, which positively impacts meat product sales.
Despite being a significant source of proteins and vitamins, there is a growing awareness of the adverse health effects associated with the increased consumption of processed meats. This awareness is prompting consumers to seek healthier alternatives, potentially affecting deli meat sales.
Online shopping has emerged as a significant sales channel for deli meats, especially with the surge in online shopping during the COVID-19 pandemic. The convenience, time-saving benefits, and variety offered by online channels contribute to the growth of deli meat sales in the digital space.
โถ๏ธ ๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง https://www.alliedmarketresearch.com/request-for-customization/A13444
The global deli meat market is segmented based on various factors, including:
1. Source:
- Beef
- Pork
- Chicken
- Others
2. Product Type:
- Cured Meat
Uncured Meat
3. Sales Channel:
- Hypermarkets/Supermarkets
Specialty Stores
convenience Convenience Stores
Online Channels
- Others
Regionally, the market is analyzed across:
1. North America
2. Europe
3. Asia-Pacific
4. LAMEA (Latin America, Middle East, and Africa)
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฆ๐๐๐ฑ๐
๐๐จ๐ฎ๐ซ๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ
Pork Segment: The pork segment is expected to experience the highest compound annual growth rate (CAGR) of 5.2% in terms of revenue during the forecast period. This indicates a significant increase in demand and consumption of pork-based deli meats globally.
Product Type Segment: Uncured Meat: Within the product type segment, the uncured meat category is anticipated to register the highest CAGR of 5.8%. This suggests a growing preference among consumers for uncured deli meats, possibly due to health concerns associated with cured meats.
Sales Channel Segment: Online Channels: The online channels segment is forecasted to exhibit substantial growth during the forecast period. This highlights the increasing popularity of online shopping platforms as a convenient and accessible means for consumers to purchase deli meats, especially in light of the COVID-19 pandemic and the resulting surge in online shopping.
โถ๏ธ ๐๐๐ ๐๐จ๐ฐ https://www.alliedmarketresearch.com/checkout-final/92a90a2de105471f46270ae388d9ed7a
The key players in the global deli meat market, including Boar's Head Provision Co., Inc., Cargill Incorporated, Conagra Foods, Inc., Hormel Foods Corporation, JBS S/A, Maple Leaf Foods Inc., Sigma Alimentos, S.A. de C.V., The Kraft Heinz Company, Tyson Foods, Inc., WH Group Limited, Sysco Corporation, OSI Group, LLC, and Perdue Farms, Inc., are actively engaged in various strategies to enhance their market presence and competitiveness.
These strategies include:
1. Product Portfolio Expansion: Companies are continuously innovating and expanding their product offerings to cater to changing consumer preferences and demands. This includes introducing new flavors, varieties, and packaging options to attract a wider customer base.
2. Technological Advancements: Embracing technological advancements in meat processing and packaging to improve efficiency, quality, and shelf life of deli meat products. This may involve investing in advanced equipment and processes for meat processing and packaging.
3. Strategic Partnerships: Collaborating with other companies, suppliers, and distributors to strengthen distribution networks, enhance market reach, and access new markets. Strategic partnerships also allow companies to leverage each other's strengths and resources for mutual benefit.
4. Market Expansion: expanding into new geographical regions and market segments to tap into emerging opportunities and increase market share. This may involve establishing new production facilities and distribution centers or entering into strategic alliances with local players.
5. Marketing and Promotions: Investing in marketing and promotional activities to increase brand awareness, educate consumers about the benefits of deli meats, and drive sales. This may include advertising campaigns, social media marketing, and promotional events.
โถ๏ธ ๐๐๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ https://www.alliedmarketresearch.com/connect-to-analyst/A13444
Regional Analysis:
In 2020, the United States accounted for the highest revenue in the global deli meat market, contributing approximately 30% of the market share. This is attributed to the high consumption of deli meat products in the country, driven by factors such as convenience, availability, and changing consumer preferences.
Asia-Pacific is expected to witness the highest growth rate in the deli meat market, with a projected CAGR of 6.1% from 2021 to 2030. The region's growing population, rapid urbanization, and increasing disposable incomes are driving the demand for convenience foods, including deli meats.
Key Market Drivers:
Consumer Preferences: The deli meat market is influenced by consumer preferences, including taste, convenience, and health consciousness. Consumers are increasingly seeking convenient and ready-to-eat meal options, driving the demand for deli meats.
Health Awareness: Growing awareness of health and wellness among consumers is driving the demand for healthier alternatives, including leaner cuts of meat and low-sodium options. Manufacturers are responding to this trend by introducing healthier deli meat products to cater to health-conscious consumers.
Technological Innovations: Technological advancements in the processed meat industry, such as equipment like Jumo Systems, are playing a significant role in meeting the growing demand for meat products. These innovations improve efficiency, quality, and production speed, contributing to increased product quality and sales.
Convenience of Online Shopping: The convenience offered by online shopping channels is driving the growth of the deli meat market. Consumers can easily purchase deli meat products online, saving time and effort. The COVID-19 pandemic has further accelerated the shift towards online shopping, driving sales through digital channels.
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๐๐๐จ๐ฎ๐ญ ๐๐
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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