Released by Allied Market Research, forecasts that the international market is expected to amass $1,051,554 million by 2022, signing up a CAGR of 3.2% throughout the duration 2016-2022. Pies and savory appetisers combined with meat sector are expected to grow at a high development rate, in regards to income, with a CAGR of 3.4% and 3.3%, respectively.
Prepacked sandwiches are widely consumed due to their practical energy and healthy properties, with the decline in prices and calorie content, and the development of much better conservation treatments, customers are anticipated to change to other alternatives such as salads and tasty appetisers.
Cooled and deli food products are ready to consume products which can be readily consumed and kept at low temperatures. The global chilled and deli grocery store is anticipated to witness significant development in the coming years due to the increasing demand for ready to eat products. Cooled and deli food has actually become a fundamental part of the lifestyle market because of the rising use of preserved foodstuff in life.
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The international prepacked sandwiches market is witnessing steady growth and is estimated to control almost two-fifths of the worldwide cooled and deli food market in terms of revenue by 2022 at a CAGR of 3.1%. Growing need in the packaged food market and increasing usage of healthier foodstuff in the food and drinks industry is attributed for this growth, nevertheless, unsteady price of basic material is restricting the development of the marketplace.
Based upon type, pies and savory appetizers is the fastest growing sector. It is expected that this segment would dominate the market continually in regards to growth in the coming years with greatest development rate at a CAGR of 3.4% for the projection duration.
Key Findings of Chilled and Deli Food Market:
- Though Asia-Pacific is predicted to continue to dominate the chilled and deli grocery store, LAMEA will grow at a higher CAGR of 4.0%, in terms of revenue.
- North America represented more than one-fourth share of the chilled and deli grocery store, in revenue, with a CAGR of 2.6%.
- China dominated in the Asia-Pacific cooled 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 anticipated to grow with a CAGR of 3.3%, during the projection period.
- Latin America controlled the cooled and deli grocery store in LAMEA region with almost half the market share, and is estimated to grow at a CAGR of 5.6%, during 2016-2022.
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The key players in the global cooled and deli grocery store 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 Grocery Stores Plc, to name a few.
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