Chilled & Deli Foods Market Size, Share & Trends Analysis Report By Product (Meat & Meat Alternatives, Cheese), By Type , By Distribution Channel (Supermarkets & Hypermarkets, Online), By Region And Segment Forecasts, 2022 - 2030

Chilled & Deli Foods Market Size, Share & Trends Analysis Report By Product (Meat & Meat Alternatives, Cheese), By Type , By Distribution Channel (Supermarkets & Hypermarkets, Online), By Region And Segment Forecasts, 2022 - 2030

The global chilled & deli foods market is expected to reach USD 350.9 billion by 2030, registering at a CAGR of 5.5% from 2022 to 2030, according to a new report by Grand View Research, Inc.Rising preference of consumers for chilled & deli products along with consumer focus in gaining knowledge & desire to understand various nutritional contents is one of the key trends driving the market. A busy lifestyle coupled with shifting consumer preference towards prepared meals, owing to the convenience offered by them, is poised to remain one of the key trends stoking market growth in the forecast period.

Manufacturers are launching a wide range of chilled & deli foods in the healthier segment with claims vegan gluten and dairy-free in order to cater to the rising customer demand, which is increasing the scope of chilled & deli foods in the global market. For instance, in July 2021 Veroni, a manufacturer of Italian cured meats and specialties launched its new snack line offering a selection of authentic Italian salami with provolone cheese, dried fruit, and breadsticks.

The organic type segment is expected to be a faster-growing segment during the forecast period. Product launches by the key players in the market, within this segment, is likely to supplement the overall segment growth. For instance, in May 2020 Applegate Farms, the U.S.-based natural and organic meat company owned by Hormel Foods launched a blended meat and vegetable range called Well Carved. The product line consists of meat with whole vegetables, legumes, and grains, Grass-Fed Organic Beef Burger, the Organic Turkey Burger, and the Organic Asian Style Pork Meatball.

The supermarkets & hypermarkets distribution channel segment held the largest segment in 2021 and is expected to maintain dominance over the forecast period. The rise in demand for chilled & deli foods by the consumers has made supermarkets & hypermarkets including Walmart, and Target holds greater shelf spaces for chilled & deli foods, especially in developed countries such as U.S., U.K., and Germany, France, and others.

Chilled &Deli Foods Market Report Highlights

• North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2021. Preference for nutrient-rich superfoods among the consumers is increasing the demand for chilled & deli foods in the region
• Organic segment is projected to register faster growth during the forecast period from 2022 to 2030
• Online distribution channel segment is expected to register faster growth during the forecast period. The recent outbreak of COVID-19 has increased the penetration of online retailers in the chilled & deli foods segment