Deli food market is projected to reach USD 1007.4 billion by 2021.
Posted by rohan on March 27th, 2018
Deli food is a ready to eat food item, which may be simply consumed or stored at an extremely low temperature for later consumption. The worldwide chilled and deli food market is predicted to witness notable growth within the next few years because of the increasing demand for convenience food. Deli food has become a vital part of the consumers' life because of the increasing use of the chilled and deli food dishes in everyday life.
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The Global deli food market is valued at USD 840 billion in 2016 and is predicted to grow at a CAGR of 3.7%, to achieve USD 1007.4 billion by 2021. The ever-changing lifestyle of the demographics is the major driving factor boosting the expansion of this market.
Deli food items have become a healthy part of the daily consumption because of the hurried lifestyles of customers around the world. These foods are gaining popularity as they assist individuals to take care of healthy diet. The industrial and economic progress of developing countries are permitting this market to grow at a hastened pace.
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As chilled and deli foods are healthier than the usual junk food and fast foods, they are being chosen by the shoppers, rising the momentum of the market. The growth of supermarkets and hypermarkets and increasing income are also benefiting the growth of this market. The increasing demand for salads is projected to poise to a growth of vegetarian diet products.
Geographically, the deli food market is fragmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is foreseen to amass the most important share of the deli food market in the near future, attributable to the existence of a developed fast food market within the region.
The top corporations in the present market include Kraft Foods Group Inc., Samworth Brothers Ltd., Tyson Foods Inc., Waitrose Ltd., JBS S.A., BRF S.A., Astral Foods Ltd., 2 Sisters Food Group, Wm Morrison Supermarkets Plc., and Hormel Foods Corporation.
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About the Authorrohan
Joined: September 20th, 2017
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