The global Deli Meat Market size is expected to reach USD 90.94 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. The rising spending on healthy food, increasing disposable income, and growing organized retail channels are driving the market. The popularity and consumption rate of deli meat are increasing among non-vegetarian lovers.
The uncured product segment is expected to register the fastest CAGR of 9.9% from 2021 to 2028. Consumers are getting aware of the benefits of natural salts and flavors used for deli meat. Increasing awareness about naturally produced products is contributing to the growth of the segment.
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The chicken and turkey dish segment is expected to register the fastest CAGR from 2021 to 2028 as it is economical and convenient for farming chicken and turkey. Hence, chicken and turkey are adopted most for producing eggs, meat for food, or money.
The online distribution channel segment is expected to expand at the highest CAGR of 7.7% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular in the metro cities among the young population group, who are the industry’s major consumers at the global level.
North America dominated the market with a revenue share of more than 30.0% in 2020 owing to the increase in awareness about the ingredients of meat products and the importance of their consumption.
Asia Pacific is expected to expand at the fastest growth rate over the forecast period as the region has the largest consumer base, which increases the consumption of meat products and contributes to the revenue of the regional market. Companies are looking to maintain their brand image and gain customer loyalty by offering innovative products as per customer specifications and analyzing consumer behavior patterns.
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Deli Meat Market Report Highlights:
• North America held the largest share of more than 30.0% in 2020 owing to the increasing spending on meat products in the U.S. and Canada
• By dish, the chicken and turkey segment is expected to register the fastest CAGR from 2021 to 2028 as it is economical and convenient for farming chicken and turkey
• The offline distribution channel held the largest revenue share of over 70.0% in 2020 as the offline distribution channel is a traditional way of selling products so it contributes more as compared to the online distribution channel
Deli Meat Market Segmentation
Million Insights has segmented the global deli meat market on the basis of product, dish, distribution channel, and region:
- Deli Meat Product Outlook (Revenue, USD Million, 2017 – 2028)
- Cured
- Uncured
- Deli Meat Dish Outlook (Revenue, USD Million, 2017 – 2028)
- Chicken & Turkey
- Beef
- Pork
- Others
- Deli Meat Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
- Offline
- Online
- Deli Meat Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- Israel
List of Key Players of Deli Meat Market
- Boars Head Brand
- BRF
- Cargill
- Hormel Foods, LLC
- JBS SA
- Maple Leaf Foods Inc.
- Sigma Alimentos SA de CV
- Tyson Foods, Inc.
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About Million Insights
Million Insights, is a market research and consulting company, provides syndicated as well as customized research reports and consulting services. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
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