Impact of COVID-19 on Chilled and Deli Food Market to reach $1,051,554 million by 2022

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Chilled and Deli Food Market

Chilled and Deli Food Market was valued at $846,080 million, and is expected to reach $1,051,554 million by 2022, supported by a CAGR of 3.2%.

Chilled and deli food are ready to eat products, which can be easily consumed and stored at a low temperature. The global chilled and deli food market is expected to witness notable growth in the coming years due to the increasing demand for convenience food items. Chilled and deli food has become an important part of the consumers life due to the increasing use of the chilled and deli food items in daily life. In addition, changing lifestyle demographics is another driving factor boosting the growth of this market.

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Though prepacked sandwiches are widely consumed due to their expedient utility and healthy properties, with the decrease in prices and calorie content, and the development of better preservation procedures, consumers are expected to switch to other options such as salads and savory appetizers.

Based on geography, the market is segmented into North America, Europe, Asia-pacific and LAMEA. Asia-Pacific was the highest revenue-generating region and is expected to grow at a CAGR of 3.8%. LAMEA is anticipated to register significant growth in the forecast period followed by North America and Europe with a CAGR of 4.0%.

The key players in the global chilled and deli food market in are Samworth Brothers Ltd., Tyson Foods Inc., Hormel Foods Corporation, JBS S.A., Kraft Foods Group Inc., BRF S.A., Astral Foods Ltd., 2 Sisters Food Group, Waitrose Ltd., and Wm Morrison Supermarkets Plc, among others.

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Key Findings of Chilled and Deli Food Market:

  • Though Asia-Pacific is projected to continue to dominate the chilled and deli food market, LAMEA will grow at a higher CAGR of 4.0%, in terms of revenue.
  • North America accounted for more than one-fourth share of the chilled and deli food market, in revenue, with a CAGR of 2.6%.
  • China dominated in the Asia-Pacific chilled and deli food market, and is expected to grow at a CAGR of 4.0%, in revenue terms.
  • The meats segment of the chilled and deli food market is expected to grow with a CAGR of 3.3%, during the forecast period.
  • Latin America dominated the chilled and deli food market in LAMEA region with nearly half the market share, and is estimated to grow at a CAGR of 5.6%, during 2016-2022.

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