Deli Meat Market Size Anticipated to Reach $90.94 Billion by 2028 Due to Rising Spending on Healthy Food and Increasing Number of Organized Retail Channels | Million Insights

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According to new report available with Million Insights, the global deli meat industry offers in-depth assessment of the growth, size, competitive landscape and other aspects in different geographical regions. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

The global Deli Meat Market size is expected to reach USD 90.94 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. The rising spending on healthy food, increasing disposable income, and growing organized retail channels are driving the market. The popularity and consumption rate of deli meat are increasing among non-vegetarian lovers.

The uncured product segment is expected to register the fastest CAGR of 9.9% from 2021 to 2028. Consumers are getting aware of the benefits of natural salts and flavors used for deli meat. Increasing awareness about naturally produced products is contributing to the growth of the segment.

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The chicken and turkey dish segment is expected to register the fastest CAGR from 2021 to 2028 as it is economical and convenient for farming chicken and turkey. Hence, chicken and turkey are adopted most for producing eggs, meat for food, or money.

The online distribution channel segment is expected to expand at the highest CAGR of 7.7% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular in the metro cities among the young population group, who are the industry’s major consumers at the global level.

North America dominated the market with a revenue share of more than 30.0% in 2020 owing to the increase in awareness about the ingredients of meat products and the importance of their consumption.

Asia Pacific is expected to expand at the fastest growth rate over the forecast period as the region has the largest consumer base, which increases the consumption of meat products and contributes to the revenue of the regional market. Companies are looking to maintain their brand image and gain customer loyalty by offering innovative products as per customer specifications and analyzing consumer behavior patterns.

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Deli Meat Market Report Highlights:

• North America held the largest share of more than 30.0% in 2020 owing to the increasing spending on meat products in the U.S. and Canada

• By dish, the chicken and turkey segment is expected to register the fastest CAGR from 2021 to 2028 as it is economical and convenient for farming chicken and turkey

• The offline distribution channel held the largest revenue share of over 70.0% in 2020 as the offline distribution channel is a traditional way of selling products so it contributes more as compared to the online distribution channel

Deli Meat Market Segmentation

Million Insights has segmented the global deli meat market on the basis of product, dish, distribution channel, and region:

Deli Meat Product Outlook (Revenue, USD Million, 2017 – 2028)
Cured
Uncured

Deli Meat Dish Outlook (Revenue, USD Million, 2017 – 2028)
Chicken & Turkey
Beef
Pork
Others

Deli Meat Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Offline
Online

Deli Meat Regional Outlook (Revenue, USD Million, 2017 – 2028)
North America
U.S.

Europe
Germany
U.K.

Asia Pacific
China
Australia

Central & South America
Brazil
Argentina

Middle East & Africa
Saudi Arabia
Israel

List of Key Players of Deli Meat Market

Boars Head Brand
BRF
Cargill
Hormel Foods, LLC
JBS SA
Maple Leaf Foods Inc.
Sigma Alimentos SA de CV
Tyson Foods, Inc.

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