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Press Release / Business / Asia Pacific Increases Chilled and Deli Foods Consumption, Global Players to Rapidly Enter Region

Asia Pacific Increases Chilled and Deli Foods Consumption, Global Players to Rapidly Enter Region

By darshana on February 01 2018 | 115 Views

Chilled and Deli Foods Market was valued at US$799.4 bn in 2014 and, growing at a CAGR of 3.0% from 2015 to 2021, is expected to rise to US$988.7 bn by 2021

Kraft Foods Group, Inc., Brasil Foods S.A., and Tyson Foods, Inc. collectively held 28% of the global chilled and deli foods market in 2014, leaving 72% of the revenue to be taken up by a very large number of regional players.
According to Transparency Market Research, these key players aim to acquire greater portions of the market revenue through various market consolidating ventures such as mergers and acquisitions and advanced research and development. For them, consistency in releasing new types of chilled and deli foods and other meats is key to gaining in market share.
“Prepackaged sandwiches have been the most popular type of chilled and deli food in recent times. This segment not only has the ability to provide consumers with a more balanced diet, but also provides a high level of convenience. Prepackaged sandwiches fit perfectly into the hectic modern lifestyle of most middle-class workers” states a TMR analyst. While prepackaged sandwiches have always been popular in North America and Europe, they are rapidly gaining popularity in other parts of the world as well.
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Meanwhile, thanks to advancements in packaging materials and manufacturing, prepared salads are showing the highest level of promise for players in the chilled and deli foods market. Salads are a highly preferred food preparation today due to the growing health-consciousness of consumers. Improvements in packaging allow salads to be kept fresh for longer, allowing better transportation and sales.
The demand for chilled and deli foods in Asia Pacific is currently very high and the key reason for this is the rapid growth in economy. China and India are especially responsible for the recent demand and developments in the Asia Pacific market for chilled and deli foods. The increasing disposable income among individuals in the growing urban areas of the two countries now hold key opportunities for not only the globally prominent players, but also the regionally popular ones.
Asia Pacific also holds a unique advantage for players in the form of a growing workforce in the chilled and deli foods business, especially in women. The increasing acceptance of modern social concepts and the need for greater earnings are increasingly allowing women to take up work, which holds promise for the chilled and deli foods business.
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The revenue generated globally by the chilled and deli foods players is expected to increase at a CAGR of 3.0% within a forecast period from 2015 to 2021. The revenue is expected to reach US$853.5 bn by the end of 2016 and US$988.7 bn by 2021.
Asia Pacific, through its high population density and rapid ongoing industrial growth, will consistently present the highest demand for chilled and deli foods. It is expected to reach a revenue of US$366.92 bn by the end of 2021.
About Us 
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement. 
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