According to a new report, published by KBV research, The Global Chilled & Deli Foods Market size is expected to reach $310.3 billion by 2028, rising at a market growth of 5.5% CAGR during the forecast period.
The Conventional market acquired maximum revenue share the Global Chilled & Deli Foods Market by Type in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $203.7 billion by 2028. As customer demand for chilled and premium goods grows, the traditional segment is anticipated to experience high demand on supermarket shelves in key nations such as the United States and the United Kingdom.
The Online market is showcasing highest CAGR of 6.2% during (2022 - 2028). Many deli brands now sell their products online, owing to their adoption of online distribution methods. E-commerce is used by many producers to sell their products directly to consumers. For example, during the COVID-19 outbreak, Deliveroo, an online food delivery company, introduced a new virtual brand called Deliveroo Deli in May 2020 to serve its Australian restaurant partners as well as local supermarkets and businesses.
The Meat & Meat Alternatives market is generating highest revenue share in the Global Chilled & Deli Foods Market by Product in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $93.7 billion by 2028. This is due to individuals' fast-paced lives in developed and developing countries causing a preference shift among the working class from traditional meat to processed meat products. This has led to the incredible growth of this segment.
The North America market dominated the Global Chilled & Deli Foods Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $107.9 billion by 2028. The Europe market is poised to grow at a CAGR of 5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/chilled-deli-foods-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Type
By Distribution Channel
By Product
By Geography
Companies Profiled
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