Cold Cuts Market Overview:
The size of the global cold cuts market is expected to increase by $ 72.20 billion. Also, healthy growth is expected to continue throughout the forecast period and the market is supposed to garner a CAGR of 8%. The market is driven by the rising demand for packaged and convenient foods. Additionally, the expansion of retail space is expected to drive growth in the cold cuts market.
Kraft Heinz has made its factories really efficient. They must sell the Bologna Capital formula to cut costs at the processed food giant facing a shift in consumer tastes.
Market Drivers and Restraints:
Factors such as the growing demand for takeout meals and the growing awareness of high-protein diets are driving the demand for deli meats. Busy lifestyles, a growing middle-class population, and increased numbers of working women will contribute to the growth of ready-to-cook deli food products. Innovative packaging such as flexible bags, zipper bags and re-sealable packaging for cold cuts are also increasing this business growth.
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Report is segmented as:
- Deli cold cuts
- Packaged cold cuts
On the basis of geography, this global market is segregated into regions namely Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, Europe was the biggest market in 2019 as it offered many growth opportunities to market players in recent years.
Key market players:
The significant players of cold cuts market are Kraft Heinz, Hormel Food, Seaboard and others, introduced gluten free cold cuts products as per consumer’s demand. For instance, Turkey Breast Lunch Meat, Deli Fresh Rotisserie Seasoned Chicken Breast, Deli Fresh Mesquite Smoked and Deli Fresh Honey Ham Lunch Meat are some of the gluten-free cold cuts products.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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