ALBANY, New York, January 8, 2016 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the global chilled and deli foods market was valued at US$799.4 billion in 2014 and, growing at a CAGR of 3.0% from 2015 to 2021, is expected to rise to US$988.7 billion by 2021.
Browse Research Report with Market Analysis: http://www.transparencymarketresearch.com/chilled-and-deli-food-market.html
Busy and hectic lifestyles are the primary reasons for the growth of the chilled and deli foods market in North America. Chilled and deli foods are ready to eat foods and are convenient to consume. Factor such as changing lifestyle due to the impact of westernization coupled with the expansion of super markets and hyper markets are fuelling the growth of chilled and deli foods market in the Asia Pacific. The European chilled and deli foods market is expected to be driven as a result of the increasing health awareness among the consumers due to which demand for prepacked sandwiches is on the rise.
The global chilled and deli foods product on the basis of product type has been segmented into: meats, pies and savory appetizers, prepacked sandwiches, prepared salads and others. In terms of revenue, the market for prepacked sandwiches was the largest. It generated revenue of US$322.7 billion in 2014. Prepacked sandwiches are very popular among the consumers as it offers a complete and healthy food option and is convenient at the same time.
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The pies and savory appetizers market is expected to grow at a CAGR of 2.50% in terms of revenue during the forecast period. The demand for pies and savory category is high in Asia Pacific as a result of the huge youth population.
In terms of geography, Asia Pacific was the largest market for chilled and deli foods in terms of revenue in 2014. Asia Pacific is expected to continue its dominance throughout the forecast period. The chilled and deli foods market in Asia Pacific is primarily driven by factors such as improving economic condition in the region and also the growing number of working women.
Browse Research Article: http://www.transparencymarketresearch.com/article/chilled-and-deli-food-market.htm
The report provides company market share analysis of the various industry participants. In addition, the report also covers the chilled and deli foods on the basis of product types. Key players operating in chilled and deli foods market have also been profiled on the basis of company overview, financial overview, business strategies and recent developments. Major market participants profiled in this report includes 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 and Samworth Brothers Limited.
Global Chilled and Deli Foods Market: By Product Type
- Pies and Savory Appetizers
- Prepacked Sandwiches
- Prepared Salads
Global Chilled and Deli Foods Market: By Geography/ Country
Rest of the World
Browse Other Research Reports:
- Frozen Processed Food Market: http://www.transparencymarketresearch.com/frozen-processed-food-market.html
- Gluten Free Food Market: http://www.transparencymarketresearch.com/gluten-free-products-market.html
- Probiotic Market: http://www.transparencymarketresearch.com/probiotics-market.html
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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