Global Cold Cuts Market Size, Share, and Growth Rate Analysis:
Global Cold Cuts Market size was evaluated at USD xx billion in 2019, and with a CAGR of xx% from 2020 to 2025, it is relied upon to reach around USD 90 billion by the end of 2026.
Cold cuts are precooked or salted meats that are sliced and served hot or cold. They are usually served in sandwiches or on a tray. They can be purchased in slices, usually vacuum packed, or can be cut to order. Most sliced breakfast meats are higher in fat, nitrates, and sodium than cut-to-order, since a larger display area requires stronger preservatives. As a result, processed meats can contribute significantly to the incidence of heart disease and diabetes, even more than red meat.
Impact of COVID-19 on Cold Cuts Market:
Coronavirus will continue its impact on the food industry and its associated businesses like cold cuts for some time. Meeting short-term demands shouldn't be a major challenge for most food companies, but industry experts and analysts have expressed a lack of clarity about the scope and extent of germs' impact. As a result of this uncertainty, the F&B sector experienced product supply delays. Several companies have implemented contingency plans to enhance their supply chain facilities around the world. Food manufacturers serving other countries have started working with local suppliers to promote products and overcome potential ingredient shortages.
Cold Cuts Market Dynamics:
Increasing interest for sound and characteristic cold cuts:
The developing wellbeing mindfulness among individuals universally has brought about the expanding interest for sound and regular cold cuts, for example, vegan, and cold organic cuts. Individuals are lessening their utilization of meat and handled meat items, for example, chilly slices and shop meats because of the developing mindfulness toward health sicknesses brought by them and are demonstrating more inclination toward meatless choices, for example, veggies and vegetarian cold cuts. As indicated by the People for the Ethical Treatment of Animals (PETA), about 2.5% of the US populace follows veggie lover way of life and diet, which is additionally expected to increment by 0.5%-0.7% during the estimated time frame. By watching the expanding pattern for natural and veggie lover food, numerous sellers in the market have begun acquainting reliable options with meat and relieved meats. Accordingly, with such an expansion sought after, the market is relied upon to enlist an uplifting viewpoint during the conjecture time frame.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 – 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021 - 2026 |
|
CAGR |
x.x% |
|
Segments Covered |
By Product Type, By Animal Type, By Consumption Type, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Applegate, Boar's Head, Bridgford Foods, Kraft Heinz, Daniele, Raspin, Hormel Food, Smithfield Foods, Bryan Foods, Kunzler, Golden Bridge Foods, Tyson Foods, Royal Foodstuff, Frick's Quality Meats, Bar-S Foods, Cris-Tim, Black Bear, Blue Grass Quality Meats, and Seaboard. |
Cold Cuts Market Recent developments:
Licious is a meat and fish organization headquartered in Bengaluru, Karnataka, India. The organization works on a ranch to-fork model, owning the whole back-end production network and cold chain. In 2019, Licious started to sell meat disconnected with two Experience Centers – one in Gurugram's Galleria Market and the other at Bangalore's Ascendas Park Square Mall.
The shift in utilization from Frozen to Fresh Cold Cuts:
5 to 10 years prior cold cuts once in a while conveyed on buyers taste, accessibility and value desire. In contrast to International Markets, where solidified cold cuts are unheard of (and even looked down on), the stock of Cold Cuts in India being driven totally by Frozen Cold Cuts and Sausages.
Cold Cuts Market Drivers and Restraints:
The global cold cuts market is driven by the developing interest in advantageous and bundled food. Furthermore, the expanding importance for healthy and regular cold cuts is foreseen to support the development of the cold cuts business.
Factors, for example, evolving ways of life, rising upper-middle-class populace, and the developing number of working ladies have expanded the interest for ready-to-eat, prepared to-heat, and prepared to-cook items. Moreover, the developing inclination for bundled foods in urban zones is empowering different general stores and hypermarkets to offer chilled and bundled meats and cooked meats. This has expanded the utilization of cold cut items, in this way driving the development of the market.
Handled meats, for example, cold cuts give comfort and progressively decision to buyers. In addition, prepared to-eat dinners can decrease the arrangement, concocting, and tidy up times. In nations, for example, the US, the UK, Germany, and Italy, cold cuts are exceptionally well known among buyers as advantageous, in a hurry lunch alternative. These variables are relied upon to drive the worldwide market development during the estimated time frame.
The expanding utilization of meat items primarily determines the global cold cut items market. The rising need for gluten-free food items is blasting the demand for cold cuts items comprehensively and will be a critical development during the predicted time frame 2020 – 2025. Also, changing food propensities are influencing the market development of cold cut items internationally, inferable from changing eating routine examples, urbanization and changing commercial development.
The key players of cold cuts items, for example, Kraft Heinz, Hormel Food, Seaboard and others, presented gluten-free cold cuts items according to buyer's interest. For instance, Turkey Breast Lunch Meat, Deli Fresh Rotisserie Seasoned Chicken Breast.
Cold Cuts Market Detailed Segmentation Analysis:
Based on Product Type:
Based on Animal Type:
Based on Consumption Type:
Based on Distribution Channel:
Geographical Classification and Regional Share Insights:
The global cold cuts Market is geographically divided into, North America (United States, Canada), Latin America (Brazil, Argentina, Mexico), Europe (United Kingdom, France, Germany, Spain, Italy), Middle East and Africa (Saudi Arabia, United Arab Emirates, Lebanon, Jordan, Cyprus), Asia Pacific (China, India, Japan, South America, Australia, New Zealand, and Southeast Asia)
The Asia Pacific is indicating the quickest development inferable from the rising financial matters, for example, India and China. Interest for gluten-free cold cuts items is showing the fastest progress in the Asia Pacific, which will continue during the estimated time frame.
In North America, the US cold cut items marker is the biggest market by both income and size. The expanding attention to gluten-free cold cut items is further boosting the market and is foreseen a noteworthy development during conjecture period. Expanding nearness of retail location is pulling in the producers to put resources into this industry, and numerous makers are differentiating their business right now. Inferable from this factor, the worldwide cold cuts market is developing fundamentally and is likely to witness a robust and consistent development during the projected time frame of 2020 – 2025. Rising pay in the Canadian market combined with expanding wellbeing related mindfulness is rising the interest of cold cuts items. The Mexican market is relied upon to develop at a moderate development rate from 2020 – 2025.
Europe Market:
Europe market is indicating a remarkable piece of the pie throughout the years. The portion of the pie of Europe is high because of the ascent sought after for cut, non-cut and lunch units cold cuts items. Brazil has indicated a significant development in cold cuts items showcase followed by the rest of Latin America lately. Quick urbanization from created and emerging nations is likewise coming about to the growth of worldwide cold cuts items market.
With a complete investigation of the development, open doors for organizations over the Americas, APAC, and EMEA, our industry research examiners have discovered that nations in EMEA represented the most significant portion of the market during 2018. This section is relied upon to overwhelm the market over the forecast period.
Leading Company:
Boar's Head had the largest share of the Global Cold Cuts Market in terms of sales and revenue in 2019.
Leading key Companies Covered in this market report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Introduction
5.1.2 Deli
5.1.3 Packaged
5.1.4 Y-o-Y Growth Analysis, By Product Type
5.1.5 Market Attractiveness Analysis, By Product Type
5.1.6 Market Share Analysis, By Product Type
5.2 Animal Type
5.2.1 Introduction
5.2.2 Meats
5.2.3 Others
5.2.4 Y-o-Y Growth Analysis, By Animal Type
5.2.5 Market Attractiveness Analysis, By Animal Type
5.2.6 Market Share Analysis, By Animal Type
5.3 Consumption Type
5.3.1 Introduction
5.3.2 Sliced
5.3.3 Non-Sliced
5.3.4 Lunch Kits
5.3.5 Y-o-Y Growth Analysis, By Consumption Type
5.3.6 Market Attractiveness Analysis, By Consumption Type
5.3.7 Market Share Analysis, By Consumption Type
5.4 Distribution Channel
5.4.1 Introduction
5.4.2 Supermarkets and Hypermarkets
5.4.3 Convenience Stores
5.4.4 Specialty Retailers
5.4.5 Others
5.4.6 Y-o-Y Growth Analysis, By Distribution Channel
5.4.7 Market Attractiveness Analysis, By Distribution Channel
5.4.8 Market Share Analysis, By Distribution Channel
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Type
6.1.3.3 By Animal Type
6.1.3.4 By Consumption Type
6.1.3.5 ByDistribution Channel
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Type
6.1.4.3 By Animal Type
6.1.4.4 By Consumption Type
6.1.4.5 ByDistribution Channel
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Type
6.1.5.3 By Animal Type
6.1.5.4 By Consumption Type
6.1.5.5 ByDistribution Channel
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Tyson Foods
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Seaboard Corporation
8.3 Kraft Heinz
8.4 Hormel Food
8.5 Boar's Head
8.6 Bar-S Foods
8.7 Daniele
8.8 Blue Grass Quality Meats
8.9 Bryan Foods
8.10 Smithfield Foods
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Related Reports
Feb 2020
