LONDON–The global cold cuts market is expected to post a CAGR of close to 11% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the growing demand for convenient and packaged food. The expanding urban population base, rising demand for on-the-go foods, and increasing awareness about high-protein diets are driving the growth of the global cold cuts market. Furthermore, the demand for ready-to-eat, ready-to-heat, and ready-to-cook products is increasing, primarily due to busy lifestyles. Rising middle-class population and the increase in the number of working women also contribute to the growing demand for such products. Processed meats such as cold cuts provide convenience and more choice to consumers. Moreover, ready-to-eat meals can reduce the preparation, cooking, and clean up times. In countries such as the US, the UK, Germany, and Italy, cold cuts are very popular among consumers as a convenient, on-the-go lunch option. These factors are expected to drive market growth during the forecast period.
This market research report on the global cold cuts market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline
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