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The North America Chilled & Deli Foods Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
Consumers are still looking for items that are better for their health and have clean label features like 'all-natural, 100 percent natural,' made with real,' 'organic,' and more. In fact, since the outbreak of the pandemic, these characteristics have seemed to gain even more traction. Meanwhile, as businesses strive to diversify their portfolios, the general notion of frozen deli options is shifting toward more plant-based/vegan/organic components. Prime Roots, a California-based company, for example, introduced a new range of vegan deli and charcuterie meats created from koji in February 2022. Classic deli meats like cracked black pepper turkey, smokey ham, and pepperoni, as well as delicacies such as vegetarian foie gras and pâté, are all part of the newly launched product line.
Mergers and acquisitions in the food and retail business, particularly by significant companies in the market, are projected to drive market expansion. For example, Mama Mancini's Holdings, Inc., a marketer of specialized pre-prepared, frozen, and refrigerated products stated in December 2021 that it had reached agreements to acquire T&L Creative Salads, Inc. and Olive Branch, LLC, two related premium gourmet food producers situated in New York. In the New York metropolitan area, both premium gourmet producers sell their salads and prepared dishes to over 250 delis, bagel shops, smaller retail customers, and distributors. As a result of the acquisition, the company will be able to increase its net income and extend its distribution network.
The market benefits from the presence of a significant number of small and prominent suppliers of a variety of cold and deli items in North American regions. The United States and Canada are heavily urbanized with multiple big cities having millions of people. There is also an established foodservice industry. Moreover, the well-established modern retail businesses, as well as a plethora of supermarkets and hypermarkets, are driving the simple availability of chilled and deli meals, as well as their high uptake. Citizens of the United States also have one of the highest per capita incomes and thus high disposable incomes. This increases their purchasing power and allows them to experiment with their food choices.
The US market dominated the North America Chilled & Deli Foods Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $77,842.8 million by 2028. The Canada market is poised to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 6.4% during (2022 - 2028).
Based on Type, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on Product, the market is segmented into Meat & Meat Alternatives, Sauces, Dips & Hummus, Bread & Bakery Products, Cheese, Prepared Meal & Sides, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., Kellogg Company, Unilever PLC, The Kraft Heinz Company, Conagra Brands, Inc., General Mills, Inc., Nestle S.A., ITC Limited, Calbee, Inc., and Intersnack Group GmbH & Co. KG.
By Distribution Channel
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