LONDON– The global deli meat market research report by Technavio predicts the market to post a CAGR of nearly 11% during the period 2019-2023.
A key driver for the global deli meat market is the growth in organized retail. Significant revenue is being generated from the sale of deli meats through organized retail channels such as supermarkets and hypermarkets. Growing global urbanization has increased the importance of convenience food. As supermarkets and hypermarkets stock a wide assortment of products, they are becoming the preferred shopping destination for consumers. These retail outlets are the largest sales channels for deli meat, and hence the rising penetration of supermarkets and hypermarkets makes deli meat more accessible to a broader consumer base.
As per Technavio, the rising demand for organic and natural deli meats will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global deli meat market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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