According to a new market report published by Transparency Market Research "Chilled and Deli Foods Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the global chilled and deli foods market was valued at $799.4 billion in 2014 and, growing at a CAGR of 3.0% from 2015 to 2021, is expected to rise to $988.7 billion by 2021.
Busy and hectic lifestyles are the primary reasons for the growth of the chilled and deli foods market in North America. Chilled and deli foods are ready to eat foods and are convenient to consume. Factor such as changing lifestyle due to the impact of westernization coupled with the expansion of super markets and hyper markets are fuelling the growth of chilled and deli foods market in the Asia Pacific. The European chilled and deli foods market is expected to be driven as a result of the increasing health awareness among the consumers due to which demand for prepacked sandwiches is on the rise.
The global chilled and deli foods product on the basis of product type has been segmented into: meats, pies and savory appetizers, prepacked sandwiches, prepared salads and others. In terms of revenue, the market for prepacked sandwiches was the largest. It generated revenue of US$322.7 billion in 2014. Prepacked sandwiches are very popular among the consumers as it offers a complete and healthy food option and is convenient at the same time.