NEW
YORK, Oct. 16, 2024 /PRNewswire/ -- Report on
how AI is driving market transformation - The Global Cold Cuts
Market size is estimated to grow by USD 174.2 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 9.45% during the forecast period. Growing demand
for convenient and packaged food is driving market
growth, with a trend towards increasing demand for
healthy and natural cold cuts. However, competition from
alternatives poses a challenge - Key market players include
Alfa Corporativo S.A. De C.V., Andrews Smokehouse, Boars Head
Brand, BRF SA, Bridgford Foods Corp., Butcher On The Block, Cargill
Inc., CrisTim Group, Evans Meats and Seafood Inc., German Butchery
Retail Pty Ltd., Hormel Foods Corp., JBS SA, Maple Leaf Foods Inc.,
Pocino Foods Co., Seaboard Corp., Sierra Meat and Seafood, The
Kraft Heinz Co., The Wursthutte, Tyson Foods Inc., and WH Group
Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Deli cold cuts
and Packaged cold cuts), Distribution Channel (Offline and Online),
and Geography (Europe, North America, APAC, Middle East and Africa,
and South America)
|
Region
Covered
|
Europe, North America,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
Alfa Corporativo S.A.
De C.V., Andrews Smokehouse, Boars Head Brand, BRF SA, Bridgford
Foods Corp., Butcher On The Block, Cargill Inc., CrisTim Group,
Evans Meats and Seafood Inc., German Butchery Retail Pty Ltd.,
Hormel Foods Corp., JBS SA, Maple Leaf Foods Inc., Pocino Foods
Co., Seaboard Corp., Sierra Meat and Seafood, The Kraft Heinz Co.,
The Wursthutte, Tyson Foods Inc., and WH Group Ltd.
|
Key Market Trends Fueling Growth
The global cold cuts market is experiencing growth due to the
rising health consciousness among consumers. People are shifting
towards healthier options, including clean-labeled, vegetarian, and
organic cold cuts. The demand for meat and processed meat products,
such as cold cuts and deli meats, is decreasing due to health
concerns. According to PETA, approximately 2.5% of the US
population follows a vegan lifestyle, which is projected to
increase by 0.5%-0.7% during the forecast period. In response to
this trend, vendors are introducing organic and vegan alternatives,
like Maple Leaf Foods' Maple Leaf 50/50, made with meat and
plant-based protein and natural ingredients. These factors are
anticipated to fuel market expansion during the forecast
period.
Cold cuts market is witnessing significant trends with consumers
increasingly demanding hormone-free and antibiotic-free options.
Clean labeling and heritage breeds are also popular choices among
health-conscious consumers. Plant-based proteins are gaining
traction as an alternative to traditional meat varieties. Food
safety and contamination concerns have led to a focus on food
service sector's use of pre-cooked and packaged cold cuts. Flavor
combinations and nutritional value are key considerations for
consumers, driving innovation in organic cold cuts and salted
meats. Processed meats like luncheon meats, deli meats, and sliced
meats continue to be popular, but heart disease and diabetes
concerns have led to increased demand for meatless choices like
vegan cold cuts and vegetarian options. The upper middle class and
working women are key consumers, with cold cuts serving as
convenient lunch options. Retail locations and packaged food are
major distribution channels, with gluten-free options catering to
specific dietary needs. Food safety and nutritional value remain
top priorities, driving innovation in meat varieties like beef,
pork, chicken, and Turkey
breast.
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Market Challenges
- The cold cuts market faces a notable challenge from the rising
popularity of plant-based meat substitutes. Consumers are
increasingly seeking healthier, eco-friendly, and cruelty-free
options. Companies like Beyond Meat and Impossible Foods have
gained significant followings due to their plant-based meat
alternatives that mimic the taste and texture of real meat. In
response, cold-cut producers must innovate and create healthier,
more sustainable products to remain competitive. Failure to adapt
to these shifting consumer preferences could result in lost market
share. Additionally, the growing preference for plant-based
alternatives may lead to a change in consumer behavior, as more
individuals opt for these substitutes over
traditional processed meat products. This trend is expected to
impact the growth of the cold cuts market negatively during the
forecast period.
- The cold cuts market encompasses various types of deli and
packaged meats like Ham, Roast Beef, Salami, Bologna, Pastrami, and
more. Convenience and quick meal options are key drivers, catering
to busy urban populations and health-conscious consumers. Clean
label products and packaging technology, including vacuum sealing,
are essential for maintaining freshness and extending shelf life.
Challenges include managing sodium content and catering to dietary
restrictions, driving demand for plant-based alternatives and
sustainable sourcing. Ethical practices and ecommerce are also
important, with online grocery shopping growing in popularity.
Grocery stores, charcuterie counters, and specialty meat shops
compete for consumer preferences, offering versatile protein-rich
foods that cater to various dietary habits and health awareness.
Meat quality regulations, local and international brands, and
product safety are crucial considerations for both offline and
online sales. Refrigerated products, such as chilled cold cuts, and
high-quality ingredients are essential for meeting consumer
expectations in the foodservice industry. Overall, the cold cuts
market requires a focus on versatility, health awareness, and
meeting the diverse needs of consumers.
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growth- Download a Sample Report
Segment Overview
This cold cuts market report extensively covers market
segmentation by
- Product
- 1.1 Deli cold cuts
- 1.2 Packaged cold cuts
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Deli cold cuts- Deli cold cuts have gained
popularity over prepackaged options due to their perceived
freshness and lower preservative levels. These meat products,
including ham, sausages, chicken breast, and various other
varieties, are convenient for consumers as they require no cutting
or cooking. Deli cold cuts are also rich in proteins, vitamins B12,
and minerals Zinc and iron. However, they pose a higher risk of
contamination due to multiple handling and temperature fluctuations
during processing. This risk is exemplified by the 2019 Listeria
outbreak in the US, affecting eight people with one fatality.
Despite this, the increasing availability, growing consumer
awareness, and diverse flavors of deli cold cuts are driving market
growth. Key players like Boar's Head, Cargill, and Hormel Foods
offer popular deli cold cut products. The market is expected to
expand significantly in India due
to increasing purchasing power and health consciousness. However,
the risk of contamination remains a concern, necessitating
stringent food safety measures.
Download complimentary Sample Report to gain insights
into AI's impact on market dynamics, emerging trends, and future
opportunities- including forecast (2024-2028) and historic data
(2018 - 2022)
Research Analysis
Cold cuts refer to a type of precooked, sliced meats that
include luncheon meats, deli meats, and cured meat products. These
chilled and ready-to-eat items are popular for sandwiches, salads,
appetizers, and urban lunch options. Urban populations,
particularly working women from the upper middle class, often opt
for high-quality, natural cuts of meat, free from hormones and
antibiotics. Specialty markets offer a wide variety of meat
choices, including vegetarian options and meatless choices for
those following a plant-based diet. Clean labeling, gluten-free,
and packaged food options are also becoming increasingly important
for health-conscious consumers. Cold cuts can be found in retail
locations and are a convenient lunch option for busy individuals.
Meat varieties range from traditional favorites like ham,
Turkey, and roast beef to more
exotic options like chorizo and salami. With a focus on natural,
hormone-free, antibiotic-free, and vegetarian choices, cold cuts
continue to evolve to meet the changing needs and preferences of
consumers.
Market Research Overview
Cold cuts refer to a variety of precooked, cured meat products
including luncheon meats, deli meats, and sliced meats. These
convenient and versatile food items are popular for sandwiches,
salads, appetizers, and more. Meat varieties range from beef, pork,
chicken, Turkey, and their
specific cuts like Turkey breast,
ham, roast beef, salami, bologna, pastrami, and more.
Health-conscious consumers prefer convenience and quick meal
options, leading to the demand for clean label products and
packaging technology like vacuum sealing. Cold cuts are available
in deli, packaged, specialty, and artisanal forms, catering to
diverse consumer preferences. Meat quality regulations ensure
product safety and high standards. Sodium content and dietary
restrictions are significant considerations, leading to the growth
of plant-based alternatives, sustainable sourcing, ethical
practices, and ecommerce platforms for online shopping. Urban
populations and convenience foods drive the demand for chilled cold
cuts in specialty markets. Customization, organic cold cuts, and
plant-based proteins cater to various dietary habits and health
awareness. Food safety and nutritional value are crucial factors,
along with flavor combinations and the food service sector's needs.
Pre-cooked meats, salted meats, and processed meats have health
concerns, including heart disease and diabetes. Local and
international brands offer a wide range of convenience foods,
catering to diverse consumer preferences and dietary needs.
Contamination and food safety are essential concerns, requiring
stringent regulations and transparency in clean labeling. Overall,
cold cuts continue to evolve, meeting the needs of modern consumers
while maintaining traditional flavor and quality.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Deli Cold Cuts
- Packaged Cold Cuts
- Distribution Channel
-
- Geography
-
- Europe
- North America
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio