The worldmarket chilled and deli foods market isanticipated to flourish substantially within the forecast period that extendsfrom the year 2015 to the year 2021. With various distinct segments of customerin the market propelling the demand for several types of products, it accountsfor substantial scope of growth in the said market. In the years to come, theworld market for chilled and deli foods is prognosticated to experience rise incompetition. This is so owing to the fact that major players are taking upvarious strategies such as research and development activities, in a bid tosustain their position in the market.
The reportprofiles a few of the eminent market players in the world market for Chilledand Deli Foods, such as, Prominent players operating in the global market forchilled and deli foods are focusing on product innovation and are involving invarious mergers and acquisitions to expand their global presence. Some of theplayers dominating the market are Kraft Foods Group, Inc., Tyson Foods, Inc.,and Brasil Foods S.A.
Inaccordance with a recent market research report that has been published byTransparency Market Research, the world market for chilled and delifoods is forecasted to expand at a CAGR of 3.0% over the period between2015 and 2021. The report also projects the international market for chilledand deli foods to reach a market valuation of around US$ 988.70 bn by the year2025. The overall market was worth around US$ 853.49 bn in the year 2016.
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North America to Lead the Marketover the Period of Forecast
The worldmarket for chilled and deli foods has been regionally segmented into thegeographies of Latin America, North America, Asia Pacific, Middle East andAfrica, and Europe. North America and Europe are presenting highly lucrativeopportunities for the growth of this market owing to hectic lifestyle andcooking and eating habits. This has led to the emergence of various prominentplayers and several small vendors across these geographies.
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However,the region of Asia Pacific market is anticipated to grow exponentially over theperiod of forecast due to the soaring population within the region.
Rising Popularity of these Foods toTrigger Market Growth
Theincreasing disposable income amongst the common people in the ever expandingand growing urban areas now hold key opportunities not only for the prominentplayers across the globe, but also the regionally popular ones. Prepackagedsandwiches have been the most common form of chilled and deli food in therecent times. This segment not only has the capability to offer consumers witha more balanced diet, but also offers a high level of convenience. Prepackagedsandwiches perfectly fit into the modern and hectic lifestyle of most of themiddle-class workers.
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In additionto that, owing to the advancements in manufacturing and packaging materials,prepared salads are displaying the highest level of promise for the marketplayers in the world market for chilled and deli foods. Salads are a highlypreferred food preparation these days owing to the rising health-consciousnessamongst consumers. Improvements in packaging enable salads to be kept fresh fora long period of time, allowing better transportation and sales.
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