, March 16, 2018 ) The global demand for the varied kind of convenience and ready to eat food has been on the rise. Deli food
includes the food items that are easy to be stored at low temperatures and take very less or no time needed for cooking before the items become consumable. Adoption of exotic recipes and cooking styles also causes the expansion of the deli food market.
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The Global Deli Food Market is worth USD 840 billion in 2016 and estimated to grow at a CAGR of 3.7%, to reach USD 1007.4 billion by 2021.
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The main reasons that are behind the growth of the market include the increasing preference of the global populace towards ready to make food because of the lack of time in one's life due to a very busy and unorganized lifestyle. The increasing proportion of the working women is also one of the key factors. The increasing night culture among the urban regions around the world is also a promoter for the market growth.
The wide range of flavors and tastes that are being offered by the Deli Food around the world is also a positive factor for the market. The expansion of several brands of retail chains that serve deli food and the introduction of different retail and wholesale supermarket chains globally also favors the growth in the global Deli Food Market. The leading segment in the categorization by Food Type is the Packages sandwiches segment.
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Currently, the North America region is the leading market share contributor among all the regions, owing to the established culture of deli food there. The Asia-Pacific region provides huge market potential waiting to be explored in the form of several untapped markets.
The major market players in the global Deli Food Market BRF S.A., Samworth Brothers Ltd., Astral Foods Ltd., Samworth Brothers Ltd., Kraft Foods Group Inc., Tyson Foods Inc., Waitrose Ltd., JBS S.A., Wm Morrison Supermarkets Plc., JBS S.A., Hormel Foods Corporation and JBS S.A.
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