Chilled and Deli Foods Market to Stand at $988.7 Billion by 2021

According to a new market report published by Transparency Market Research Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021, the global chilled and deli foods market was valued at $799.4 billion in 2014 and, growing at a CAGR of 3.0 percent from 2015 to 2021, is expected to rise to $988.7 billion by 2021. Additional findings are detailed below.

Busy and hectic lifestyles are the primary reasons for the growth of the chilled and deli foods market in North America. Chilled and deli foods are ready to eat foods and are convenient to consume. Factor such as changing lifestyle due to the impact of westernization coupled with the expansion of super markets and hyper markets are fueling the growth of chilled and deli foods market in the Asia Pacific. The European chilled and deli foods market is expected to be driven as a result of the increasing health awareness among the consumers due to which demand for prepacked sandwiches is on the rise.

The global chilled and deli foods product on the basis of product type has been segmented into: meats, pies and savory appetizers, prepacked sandwiches, prepared salads and others. In terms of revenue, the market for prepacked sandwiches was the largest. It generated revenue of $322.7 billion in 2014. Prepacked sandwiches are very popular among the consumers as it offers a complete and healthy food option and is convenient at the same time.

The pies and savory appetizers market is expected to grow at a CAGR of 2.5 percent in terms of revenue during the forecast period. The demand for pies and savory category is high in Asia Pacific as a result of the huge youth population.

In terms of geography, Asia Pacific was the largest market for chilled and deli foods in terms of revenue in 2014. Asia Pacific is expected to continue its dominance throughout the forecast period. The chilled and deli foods market in Asia Pacific is primarily driven by factors such as improving economic condition in the region and also the growing number of working women.

The report provides company market share analysis of the various industry participants. In addition, the report also covers the chilled and deli foods on the basis of product types. Key players operating in chilled and deli foods market have also been profiled on the basis of company overview, financial overview, business strategies and recent developments. Major market participants profiled in this report includes Tyson Foods, JBS S.A., Kraft Foods Group, BRF S.A., Astral Foods, Hormel Foods Corporation, 2 Sisters Food Group, Waitrose Limited, Wm. Morrison Supermarkets PLC and Samworth Brothers Limited.