Deli Meat Market Size, Share and Growth Forecast by Regions 2022-2028
The Deli Meat Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global deli meat market size is expected to reach USD 90.94 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. The rising spending on healthy food, increasing disposable income, and growing organized retail channels are driving the market. The popularity and consumption rate of deli meat are increasing among non-vegetarian lovers.
The uncured product segment is expected to register the fastest CAGR of 9.9% from 2021 to 2028. Consumers are getting aware of the benefits of natural salts and flavors used for deli meat. Increasing awareness about naturally produced products is contributing to the growth of the segment.
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The chicken and turkey dish segment is expected to register the fastest
CAGR from 2021 to 2028 as it is economical and convenient for farming chicken
and turkey. Hence, chicken and turkey are adopted most for producing eggs, meat
for food, or money.
The online distribution channel segment is expected to expand at the
highest CAGR of 7.7% from 2021 to 2028. The use of online shopping portals and
mobile apps is getting popular in the metro cities among the young population
group, who are the industry's major consumers at the global level.
North America dominated the market with a revenue share of more than
30.0% in 2020 owing to the increase in awareness about the ingredients of meat
products and the importance of their consumption.
Asia Pacific is expected to expand at the fastest growth rate over the
forecast period as the region has the largest consumer base, which increases
the consumption of meat products and contributes to the revenue of the regional
market. Companies are looking to maintain their brand image and gain customer
loyalty by offering innovative products as per customer specifications and
analyzing consumer behavior patterns.
List of Key Players of Deli Meat Market
- Boars Head Brand
- BRF
- Cargill
- Hormel Foods, LLC
- JBS SA
- Maple Leaf Foods Inc.
- Sigma Alimentos SA de CV
- Tyson Foods, Inc.
Deli Meat Market
Report Highlights
- North
America held the largest share of more than 30.0% in 2020 owing to the
increasing spending on meat products in the U.S. and Canada.
- By
dish, the chicken and turkey segment is expected to register the fastest
CAGR from 2021 to 2028 as it is economical and convenient for farming
chicken and turkey.
- The offline distribution channel held the largest revenue share of over 70.0% in 2020 as the offline distribution channel is a traditional way of selling products so it contributes more as compared to the online distribution channel.
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Report with TOC @ https://www.millioninsights.com/snapshots/deli-meat-market-report
Deli Meat Product Outlook (Revenue, USD
Million, 2017 - 2028)
·
Cured
·
Uncured
Deli Meat Dish Outlook (Revenue, USD Million,
2017 - 2028)
·
Chicken
& Turkey
·
Beef
·
Pork
·
Others
Deli Meat Distribution Channel Outlook
(Revenue, USD Million, 2017 - 2028)
·
Offline
·
Online
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