Chilled and Deli Food Market: What’s in store?
What are Chilled and Deli Food Products?
Chilled food is food stored at temperatures below 0 to 5 ° C (32–23 ° F) in refrigeration. A delicatessen or deli is a retail establishment that sells good, uncommon, or foreign products. Good quality and microbiological safety at the point of consumption are the main requirements for chilled food products. Chilled and deli foods are a collection of ready-to-eat, easy-to-eat foods that can be refrigerated for long-term use.
Different Products, Distribution Channels & End-user.
There are various chilled and deli food products available in the market. Some of the major types of devices include deli meats, pies, and savory appetizers, pre-packed sandwiches, prepared salads, and others. These products are available through both online and offline distribution channels. Offline distribution channel basically compromises of supermarket/hypermarket and convenience stores. Owing to the expansion of a large number of supermarket/hypermarket and retail outlets, sales of chilled and deli food products have increased. This trend is set to continue in the coming years because of the improving economic conditions of the developing countries. Also, one of the prominent factors supporting the sales of chilled and deli food products is the availability of products through online channels. Online channels provide buyers a variety of options to choose from different food products with attractive price offers. Food Services Restaurant and retail customers can be considered as end-user of chilled and deli products.
North America is the largest market for fertility testing devices
The global chilled and deli food market is led by North America. The region’s dominance has been supported by rising consumption for convenient sources of ready meals that can be eaten on-the-go. The presence of a large number of frozen food companies and supermarket/hypermarket and busier lifestyles has fueled market growth in the region. Europe closely follows the market for chilled and deli food products in North America. According to the Chilled Food Association (CFA), Chilled food production in the UK is one of the world’s fastest-growing innovative and advanced food sectors. Further, the Asia-Pacific region is expected to witness a high growth rate in the coming years. With the increasing investment by the companies in the cold chain infrastructure for fresh, chilled, and deli products and also with the increasing population, the sales of chilled and deli food products is poised to grow.
As a number of people enter the global workforce and adapt to changing lifestyles, the demand for ready to eat foods is growing. Chilled and deli food products are mainly consumed by people who are working and don’t have time to cook. The presence of a large number of retail chains and supermarket/hypermarket and the availability of various chilled and deli food products have helped in up surging the growth of the market. Changing lifestyles, rapid urbanization, rising GDP, increasing disposable income, and growing middle-class populations in emerging economies such as India and China are further anticipated to spur the growth of the market over the forecast period. The global chilled and deli food market has the potential to generate high returns due to the continuous addition of new and innovative products with new flavors, which is attracting consumers of these products.
Key Companies Outlook
The manufacturers of chilled and deli food products in order to address the increasing competition in the market are adopting various strategies. Launching of innovative products and partnerships with food services is a common trend witnessed in the market.
Some of the leading players operating in the market include Tyson Foods Inc., JBS S.A, Kraft Foods Group Inc, BRF S.A., Astral Foods Ltd., Hormel Foods Corporation, 2 Sisters Food Group, Waitrose Limited, Wm. Morrison Supermarkets PLC, Samworth Brothers Limited and Del Monte.