Global chilled and deli foods market was valued at US $ XX Mn in 2017 and expected to grow at 3.5% Compound Annual Growt

Global chilled and deli foods market was valued at US $ XX Mn in 2017 and expected to grow at 3.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Chilled and Deli Foods Market
Chilled and deli foods are the ready-to-eat food products. They are stored at low temperatures in order to ensure the microbiological safety at the point of consumption.
Market Dynamics: Chilled and Deli Foods Market
Increase in the preference for convenience food is the key factor attributed for the growth of the chilled and deli foods market. The changing lifestyles owing to the rapid urbanization is anticipated to drive the growth of the chilled and deli foods market over the forecast period. The chilled and deli foods are gaining popularity all across the world as they are ready-to-eat products. Soaring health consciousness among the masses is expected to foster the growth of the market. The preference of the chilled foods over fast foods are boosting the growth of the chilled and deli foods market.
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Market Scope: Chilled and Deli Foods Market
Chilled and deli foods market is segmented based on the product type, and distribution channel
Based on the product type, the market is segmented into the following:
Pies and Savory Appetizers
Prepared Salads
Packed Sandwiches
Meats
Based on the distribution channel, the market is segmented into the following:
Supermarkets/Hypermarkets
Convenience Stores
Others
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Regional Analysis: Chilled and Deli Foods Market
Geographically, global chilled and deli foods market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America chilled and deli foods market is holding the largest share when compared with that of the other regional markets. Owing to the hectic lifestyles and change in food habits the North America chilled and deli foods market is expected to grw at significant rate. The adoption of the ready-to-use food products is the factor responsible for the growth of the market in this region. Europe follows North America in the global chilled and deli foods market. The Asia Pacific chilled and deli foods market is expected to grow over the forecast period due to the rapid urbanization and growing demand for the chilled and deli foods. Expansion of manufacturers into the emerging economies is enhancing the growth of the market in this region.
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Competition Assessment: Chilled and Deli Foods Market
Some of the players in the global chilled and deli foods market include:
Astral Foods (South Africa)
Wm Morrison Supermarkets plc (UK)
Samworth Brothers (UK)
Sisters Food Group (UK)
The Kraft Heinz Company (U.S)
Tyson Foods, Inc. (U.S)
JBS S.A (Brazil)
Hormel Foods Corporation (U.S)
Notable Market Developments: Chilled and Deli Foods Market
In May 2017, Smithfield Foods has launched Skinnygirl deli meats line
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