The global chilled & deli foods products market was valued at USD 118.2 billion in 2022 and is expected to witness a CAGR of 3.2% from 2023 to 2030. The growing demand for frozen food products owing to their convenience and longer shelf life is fuelling the growth of the market. Furthermore, rising disposable income, changing lifestyles, and increasing preference for convenient and ready-to-eat food items are some of the factors that are driving the market growth.

The growing demand for healthy and natural food products is another factor that is influencing the market growth. In addition, the presence of large retailers and supermarkets offering a diverse range of chilled and deli products is boosting the market growth. For instance, in April 2021, Tesco opened its first chilled-food store in the UK, which offers various chilled and deli products. Moreover, the range of products available in these stores are constantly changing to reflect the current trends in the market.

The introduction of innovative packaging to extend the shelf life of chilled & deli products is further supporting the growth of the market. For instance, in February 2021, Mondelez, a US-based confectionary and snack manufacturer, launched its new packaging for its RITZ Baked Crisps. The new packaging features a reclosable zipper closure, providing consumers with a convenient way to store and enjoy their favorite snacks.

Furthermore, the increasing demand for plant-based proteins is positively impacting the market growth. For instance, in June 2021, the UK-based chilled food manufacturer Kettle Foods launched its new vegan range of products called Kettle Plant-Based. The range includes vegan-friendly products such as vegan cheese, sausages, and burgers. Additionally, the increasing demand for organic products is another factor that is propelling the demand for chilled & deli food products. For instance, in December 2021, Whole Foods launched an organic deli meat range with no added nitrates or nitrites.

The rising demand for convenience food products is also driving the market growth. For instance, in April 2021, the UK-based chilled food manufacturer Bakkavor launched a range of convenience products for the retail sector. The range includes ready-made meals, salads, and sandwiches, as well as meal accompaniments such as sauces, dressings, and sides. This range of convenience products is expected to drive the demand for chilled & deli foods in the near future.

The processed meat segment led the market and accounted for a share of around 39.2% in 2022. Processed meat products are convenient and have a long shelf life. Furthermore, rising consumer preference for convenience foods due to changing lifestyle and hectic working schedules are driving the market growth. According to an article published by the International Food Safety & Quality Network, in February 2020, chilled food sales in the United Kingdom alone were worth £26.4 billion in 2018.

The ready meals segment is anticipated to expand at the fastest CAGR of 5.4% over the forecast period. Ready meals are convenient and require minimal preparation, which is driving the demand for such products. Furthermore, rising consumer awareness regarding health and wellness is driving the sales of healthy ready meals. According to an article published by Deloitte, in October 2019, more than two-thirds of consumers in the United Kingdom prefer healthy meals. In addition, increasing number of working women and nuclear families are driving the demand for ready meals.

The supermarkets and hypermarkets segment is projected to dominate the market in 2022, with a share of over 34.0%. Increasing consumer preference for buying food products from large retail stores is likely to drive the segment’s growth. Moreover, supermarkets and hypermarkets offer a wide range of chilled & deli food products such as ready-to-eat meals, ready-to-cook meals, and chilled snacks. For instance, in 2020, Walmart Inc. launched its deli section in stores that offer various options of chilled and deli food products.

The convenience stores segment is anticipated to register a CAGR of 10.2% during the forecast period. This is mainly attributed to the increasing number of convenience stores and the wide range of chilled & deli food products available in these stores. Furthermore, convenience stores offer chilled & deli food products at affordable prices, which is a major factor driving the segment’s growth.

The chilled & deli foods segment accounted for the highest revenue share of 75.3% in the year 2022. The increasing consumer preferences for ready-to-eat and convenience food products, along with the changing lifestyles, are driving the demand for chilled & deli foods products. The launch of innovative products such as pre-packaged salads and sandwiches, which are convenient and easy to prepare and consume, is propelling the demand for this segment. For instance, in January 2021, Waitrose & Partners and Unilever’s Hellmann’s collaborated to introduce new vegan pre-packaged salads. Moreover, the increasing health consciousness among consumers and the increasing demand for healthy and nutritious food items have fueled the growth of this segment.

The frozen segment is projected to expand at a CAGR of 10.8% over the forecast period. The changing lifestyles and steep rise in disposable income have led to the growing demand for frozen food products. The availability of frozen food items at retail stores and convenience stores has enabled consumers to buy these products easily and at their convenience. Moreover, the increasing demand for convenience food among busy professionals and working population has propelled the demand for frozen food products. Furthermore, the launch of innovative products in the frozen food segment is anticipated to drive the growth of this segment. For instance, in May 2020, Unilever launched its new range of frozen ready meals under its brand, Birds Eye.

Europe held the largest market share in 2021 and is expected to remain dominant during the forecast period due to the presence of a large number of manufacturers and distributors of chilled and deli foods products. Moreover, rising demand for convenience and ready-to-eat products among consumers is expected to drive the market growth in the region. For instance, in May 2021, The Kraft Heinz Company launched its ‘Kraft Deli Deluxe Cheeseburger Macaroni & Cheese’ product in Europe.

The Asia Pacific market is expected to register the fastest growth due to the rising demand for ready-to-eat food products among consumers. Increasing disposable income and changing lifestyle are the key factors driving the growth of the market in the region. The presence of a large population base in countries such as China, India, and Japan is further expected to drive the market growth. For instance, in March 2021, McCain Foods launched its new range of chilled and deli foods products in India.

In this part of the Chilled & Deli Foods products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Chilled & Deli Foods business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a Chilled & Deli Foods business comes from retail sales of products, catering services, and wholesale distribution. Here you will find a list with a description of each of them and other possible sources of profit such as online sales, product endorsements, and marketing campaigns.

Projecting Expenses
In this section, all the regular expenses related to keeping the Chilled & Deli Foods business running will be described. The list of operating expenses includes ingredients and packaging materials, wages, rent, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the chilled and deli foods market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Hormel Foods Corporation launched a new line of vegan deli foods.

– In August 2022, Kraft Heinz launched a line of plant-based deli meats.

– In October 2022, Tyson Foods launched a line of refrigerated vegan entrées.

Some of the prominent players in the chilled and deli foods market include:

– Hormel Foods Corporation
– Kraft Heinz
– Nestle S.A.
– Unilever NV
– The Schwan Food Company
– OSI Group
– Tyson Foods
– Greencore Group
– Conagra Brands, Inc.
– Maple Leaf Foods Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global chilled and deli foods market based on product, distribution channel, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Cheese
– Ready Meals
– Meat & Poultry
– Fish & Seafood
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Specialty Stores
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential for Growth of the Global Chilled & Deli Foods Market?
[A]: The global chilled & deli foods market is expected to witness a high growth rate over the forecast period. This is due to the increasing demand for convenience foods, the rise of health consciousness among consumers, and rapid growth of the retail industry. In addition, the development of novel packaging technologies, such as vacuum packaging and modified atmosphere packaging, is expected to provide an impetus to the growth of the chilled & deli foods market.

[Q]: Who are the Key Players in the Chilled & Deli Foods Market?
[A]: Some of the key players in the chilled & deli foods market are Nestle SA, Unilever PLC, Kraft Heinz Company, General Mills, Inc., JBS S.A., Smithfield Foods, Inc., and Hormel Foods Corporation.

[Q]: What are the Key Regions for Chilled & Deli Foods Market?
[A]: Europe and North America are expected to be the key regions for the chilled & deli foods market. This is due to the presence of a large number of manufacturers and distributors in these regions, as well as the growing demand for convenience foods.

[Q]: What Types of Products are Driving Growth in the Chilled & Deli Foods Market?
[A]: Deli meats, cheese, dips and spreads, salad dressings, and ready-to-eat meals are some of the most popular products driving growth in the chilled & deli foods market. The growing demand for convenience foods, such as frozen pizza, sandwiches, and burritos, is expected to drive the market further.