Friday, August 12, 2022
HomePress ReleaseEIN PresswireDeli Meat Market to Reach $27,405.4 million by 2030 at a CAGR...

Deli Meat Market to Reach $27,405.4 million by 2030 at a CAGR of 4.8% from 2021 to 2030

Deli -Meat

The availability of internet access and rise in consumer adoption of online shopping are projected to boost deli meat sales via digital channels.

POTLAND, UNITED STATE, August 2, 2022 / — According to a new report published by Allied Market Research, titled, “Deli meat Market by Source, Product Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030” The deli meat market size was valued at $17,186.1 million in 2020 and is projected to reach $27,405.4 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. Deli meat, also known as lunch meat, is a precooked or cured meat that is sliced and served cold or hot. Deli meat is made of beef, pork, chicken, turkey, veal, and ovine. The deli meats are available in the form of loaves, canned, sliced, or prepackaged vacuum-packed portions and are most often served on sandwiches and in charcuterie trays. Deli meats are infused with spices, salt, and flavorings to provide unique flavor and taste. The availability of new flavors in the market is attracting the consumers’ interest. Moreover, deli meat consumption is rising considerably, as customers’ reliance on processed meat and ready-to-eat meals increasing. This rise in consumption boosts the deli meat market opportunities for growth.

LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report

The global deli meat market growth is majorly driven by exponential rise in population, rapid westernization, and increase in consumers’ disposable income, which, in turn, encourages the consumption of meat products. Moreover, technological advancements in the processed meat industry play a major role to cater the demand for meat, as it helps to reduce the time for the production of meat without compromising the quality. For instance, Jumo Systems, a product of Jumo Automation Co., Ltd. is specialized equipment built for meat processing. The equipment assists in regulating the temperature, removing extra moisture from the meat, and lowering the time of processing. The quality of the product is increasing as a result of these technologies, which has a significant influence on meat product sales since consumers will have no concerns before the purchase of the products. The use of new technology by market participants is likely to support the expansion of the meat and processed meat industries.

Meat is a major source of valuable proteins and vitamins such as A, B, B 12, and niacin. Meat further contains iron, zinc, and other micronutrients. However, increased consumption of red meat, especially in its processed forms, causes adverse health effects. Processed meat intake causes cardiovascular diseases, type 2 diabetes, and bowel or colon cancer. The negative notion in consumers related to the consumption of deli meat is encouraging them to reduce the consumption of meat products and seek for healthier and safe alternatives for consumption. This awareness in consumers is projected to reduce meat sales, which might stifle the development of the deli meat market.

Online shopping has emerged as a growing portion of the sales channel in recent years. The world has come to embrace the use of digital media for shopping. The advantages of online purchasing include convenience, time saving, and the opportunity to access several options under a single click. With the advent of the COVID-19 pandemic, consumers were forced to shift toward online shopping. According to the United Nations Conference on Trade and Development (UNCTAD), the e-commerce industry will expand further in the upcoming year, as in 2020 the online retail sales increased from 16% to 19% of overall retail sales. The availability of internet access and rise in consumer adoption of online shopping are projected to boost deli meat sales via digital channels.

Get Exclusive Free Sample PDF Of This Report (Flash Sale Till 20th August 2022):

The global deli meat market is segmented into source, product type, sales channel, and region. On the basis of source, the market is categorized into beef, pork, chicken and others. By product type, it is segregated into cured meat and uncured meat. Depending on sales channel, it is fragmented into hypermarkets/supermarkets, specialty stores, convenience stores, online channels, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, Argentina, South Africa, and rest of LAMEA).

The players operating in the global deli meat market have adopted various developmental strategies to expand their deli meat market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Boar’s Head Provisions Co, Inc., Cargill Incorporated, Conagra Foods, Inc., Hormel Foods Corporation, JBS S/A, Maple Leaf Foods, Inc., Sigma Alimentos, S.A. de C.V., The Kraft Heinz Company, Tysons Foods, Inc., WH Group Limited. The other market players are Sysco Corporation, OSI Group, LLC, Perdue Farms, Inc., George’s Inc., Butterball LLC., Fresh Mark, Inc., Indiana Packer’s Corporation, West Liberty Foods, Inc., Agri Beef Co., Clemens Food Group., Carl Buddig Co., Rastelli Foods Group., Dietz & Watson, Inc., Abby Land Foods, Inc., and Dakota Provision LLC

Share Your Requirements & Get Customized Reports (Flash Sale Tell 20th August 2022):

Reasons to Buy this Deli Meat Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you’re looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

Related Reports:

Almond milk market
Alternate Protein Market
IQF vegetable Market
Snus Market

David Correa
Allied Analytics LLP
email us here
Visit us on social media:

Source link


Most Popular