LONDON — Technavio analysts forecast the global cold cuts market to grow at a CAGR of close to 11% during the forecast period, according to their latest report.
The research study by Technavio of the global cold cuts market for 2017-2021 provides a detailed industry analysis based on product type (deli cold cuts and packaged cold cuts), consumption type (sliced, non-sliced, and lunch), distribution channel (supermarket and hypermarkets, convenience stores, and specialty retailers), and geography (the Americas, Europe, APAC, and MEA).
Request a sample report: http://www.technavio.com/request-a-sample?report=56442
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio analysts highlight the following three factors that are contributing to the growth of the global cold cuts market:
- Increasing demand for convenient and packaged food
- Rise in consumer preference for nutrient rich food
- Growing demand for gluten-free cold cuts
Increasing demand for convenient and packaged food
“Increasing urbanization is creating high demand for ready-to-eat packaged foods that are convenient to consume, resulting in increased sales of chilled and packaged food products such as meat cuts across various distribution channels,” says Manjunath Reddy, one of the lead analysts at Technavio for food research.
Countries such as the US, the UK, Germany, and Italy, are the key consumers of cold cuts, as it comes across as a convenient, on-the-go lunch option. These thin slices of cold meat appeal to consumers looking for a simple, yet filling lunch; and easy-to-serve choices for parties and family gatherings.
Rise in consumer preference for nutrient rich food
The rising consumerism has led to a considerable shift in lifestyles and diet habits of various demographics. There has been a rapid rise in the consumption of processed meat products, which satisfy the daily nutritional requirements. Luncheon meats are an excellent choice for these consumers, as they provide a healthy balance between nutrition and taste. The combination of meat and cheese in cold cuts provides protein, calcium, and other nutrients like iron, zinc, and vitamin B-12. The presence of these nutrients makes cold cuts a very healthy option for consumers, leading to increased adoption.
Growing demand for gluten-free cold cuts
“The global gluten-free food market is growing at a steady pace, due to an increase in the number of health-conscious consumers. Gluten-free cold meats aid in weight management, provide many essential nutrients, thereby leading to its increased utilization,” says Manjunath.
Additionally, there is a rise in awareness about celiac diseases, for which the only cure available is to switch to a gluten-free diet. Since a large percentage of the population suffers from celiac diseases, there is a high demand for gluten-free cold cuts.
Browse Related Reports:
- Global Meat and Poultry Processing Equipment Market 2017-2021
- Global Low Fat Dairy Products Market 2017-2021
- Baby Food and Formula Market in the US 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like alcoholic beverages, food service, and non-alcoholic beverages. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
Source: Technavio
