Chilled And Deli Foods Market: By Product Type (Pies and Savory Appetizers, Prepared Salads, Packed Sandwiches, Meats), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Others),and Geography  

Chilled And Deli Foods Market size was valued at USD 312.7 million in 2023 and is poised to grow at a significant CAGR of 6.8% from 2024-2030. The global market provides a detailed overview which can be segmented by product type, distribution channel, and region. The Chilled and Deli Foods market has been segmented by product type into pies and savory, appetizers, prepared salads, packed sandwiches, and meats. The meat & meat alternatives segment held the largest market share in 2021 and is expected to dominate during the forecast period owing to the increasingly fast-paced lives of the people in developed and developing countries are leading to a preferential shift among the working class from conventional meat to processed meat products increases the demand of chilled & deli foods. According to the Madison, WI-based International Dairy Deli Bakery Association (IDDBA), grab-and-go deli meat sales growth reached up to 50.7% for the year ending 2021. Based on the distribution channel, the segment has been segregated into supermarkets/hypermarkets, convenience stores, and others. Supermarkets & hypermarkets distribution channels held the maximum contribution to the global market in 2021.

Grab-and-go and pre-packaged meals dominated the shelves in supermarkets, while some local restaurants and ghost kitchens collaborated with supermarkets to offer their varieties of products. By region, North America registered for the largest share, and is expected to dominate the global market of chilled and deli foods due to increasing consumption of the convenient sources of food products that can be consumed on the go has been further increasing the demand of chilled and deli food products. Several customers supplement their regular meals with chilled products, such as pre-packaged sandwiches and prepared salads. Thus, shifting changing consumer lifestyles, especially in terms of eating habits, and the rising need for convenience meal options are expected to augment the sales of such products within the region.

Chilled and Deli Foods Market Key Development:

• In March 2022, Verdino Green Foods U.K. expanded its product portfolio by adding three new products such as Mortadella with Pistachio (80g), Dry-Cured Salami (240g), and Bacon (80g) in its plant-based deli foods range.
• In January 2022, KQF, the British manufacturer of halal convenience foods, announced the launch of its new Premium sliced meats range comprising deli-style slices of ready-cooked beef, chicken, and lamb in nine flavors.
• In July 2021, Sweet Earth Foods-plant-based innovator announced the launch of its new heat-and-eat breakfast bowls and ready-to-eat deli slices.