Packaged Deli Meat Market Trends and Forecast
The future of the global packaged deli meat market looks promising with opportunities in the online sale and offline sale markets. The global packaged deli meat market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing demand for convenient and ready-to-eat food options, increasing consumer focus on health and wellness, and innovation in flavors and product varieties.
• Lucintel forecasts that chicken is expected to witness the highest growth over the forecast period.
• Within this market, online sale is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Tyson Foods announced a sustainability initiative to reduce carbon emissions by 30% by 2030. The government introduced new regulations to improve food safety standards, impacting major deli meat producers.
Germany: BoarÄX%$%Xs Head Brand launched a new line of organic deli meats, aligning with the governmentÄX%$%Xs push for healthier food options. Lidl announced plans to expand its deli meat offerings, targeting a 20% increase in market share by 2025.
China: Shuanghui Development invested heavily in modernizing its deli meat production facilities to meet rising demand. The government set targets to enhance food safety protocols, prompting companies like Yurun Group to adopt advanced quality control measures.
Brazil: JBS SA introduced a range of plant-based deli meat alternatives to tap into the growing trend of vegan and vegetarian diets. The government implemented subsidies for small-scale deli meat producers to encourage local production and reduce imports.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged Deli Meat by Segment
The study includes a forecast for the global packaged deli meat by type, application, and region.
Packaged Deli Meat Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Chicken
• Beef
• Duck Meat
• Others
Packaged Deli Meat Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Online Sales
• Offline Sales
Packaged Deli Meat Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged Deli Meat Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged deli meat companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged deli meat companies profiled in this report include-
• NH Foods
• Yurun
• Yuandong
• Anhe Foods
• Shenhua Meat Products
• Wanfu
• Itoham Yonekyu Holdings
Recent Development in the Packaged Deli Meat Market
Hormel Foods Corporation: Launched a new line of premium packaged deli meats featuring organic and antibiotic-free options, catering to the growing demand for healthier meat choices.
Tyson Foods Inc.: Introduced innovative packaging solutions for their deli meat products, focusing on sustainability by using recyclable materials and reducing plastic waste.
Maple Leaf Foods Inc.: Implemented advanced food safety measures in their deli meat production facilities, enhancing consumer confidence and compliance with regulatory standards.
BoarÄX%$%Xs Head Provision Co.: Expanded their distribution network into emerging markets in Asia, tapping into new consumer demographics and increasing global market presence.
Applegate Farms LLC: Collaborated with local farmers to source high-quality, ethically raised meats for their deli products, aligning with consumer preferences for sustainable and responsibly sourced ingredients.
Features of the Global Packaged Deli Meat Market
Market Size Estimates: Packaged deli meat market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged deli meat market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaged deli meat market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaged deli meat market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged deli meat market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for packaged deli meat market?
Answer: The global packaged deli meat market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the packaged deli meat market?
Answer: The major drivers for this market are growing demand for convenient and ready-to-eat food options, increasing consumer focus on health and wellness and innovation in flavors and product varieties.
Q3. What are the major segments for packaged deli meat market?
Answer: The future of the packaged deli meat market looks promising with opportunities in the online sale and offline sale markets.
Q4. Who are the key packaged deli meat market companies?
Answer: Some of the key packaged deli meat companies are as follows:
• NH Foods
• Yurun
• Yuandong
• Anhe Foods
• Shenhua Meat Products
• Wanfu
• Itoham Yonekyu Holdings
Q5. Which packaged deli meat market segment will be the largest in future?
Answer: Lucintel forecasts that chicken is expected to witness the highest growth over the forecast period.
Q6. In packaged deli meat market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged deli meat market by type (chicken, beef, duck meat, and others), application (online sales and offline sales), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Packaged Deli Meat Market Market, Packaged Deli Meat Market Market Size, Packaged Deli Meat Market Market Growth, Packaged Deli Meat Market Market Analysis, Packaged Deli Meat Market Market Report, Packaged Deli Meat Market Market Share, Packaged Deli Meat Market Market Trends, Packaged Deli Meat Market Market Forecast, Packaged Deli Meat Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.