LONDON--(BUSINESS WIRE)--The global deli meat market research report by Technavio predicts the market to post a CAGR of nearly 11% during the period 2019-2023.
A key driver for the global deli meat market is the growth in organized retail. Significant revenue is being generated from the sale of deli meats through organized retail channels such as supermarkets and hypermarkets. Growing global urbanization has increased the importance of convenience food. As supermarkets and hypermarkets stock a wide assortment of products, they are becoming the preferred shopping destination for consumers. These retail outlets are the largest sales channels for deli meat, and hence the rising penetration of supermarkets and hypermarkets makes deli meat more accessible to a broader consumer base.
As per Technavio, the rising demand for organic and natural deli meats will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global deli meat market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global deli meat market: Rising demand for organic and natural deli meats
Increasing awareness regarding the health benefits of organic foods such as organic deli meats has increased their consumption. Consumers are becoming increasingly aware of the ingredients in the foods that they consume owing to the increasing prevalence of diseases across the world. Consequently, the demand for organic meats has been increasing when compared with regular processed meats.
“The global organic meat market is expected to grow significantly during the forecast period. Several major players in the market have been focusing on strengthening their presence in the organic meat segment to meet the rising demand,” says a senior research analyst at Technavio.
Global deli meat market: Segmentation analysis
This deli meat market analysis report segments the market by product (cured deli meat and uncured deli meat) and geography (APAC, Europe, MEA, North America, and South America).
The cured deli meat segment held the largest deli meat market share in 2018. The popularity of packaged meats as a ready-to-eat (RTE) option is one of the major factors driving the growth of this segment.
North America accounted for the highest share of the market in 2018. Growing demand for healthy, tasty, and convenient foods and snacks, a rising number of product launches featuring new flavors, and the availability of more deli meat products at the retail level are some of the factors that will drive market growth in North America.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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