(Food-Beverage-News.Com, July 04, 2024 ) North America dominates Deli Meat Market with share of 34% in 2023. The changing lifestyles and the need for convenient foods, has increased the prepackaged foods. Asia-Pacific shows to be the fastest growing region with CAGR of 5.5% from 2024-2030. Popularity of RTE and ready-to-cook meats, urbanization, demand for convenient foods are some of the growth drivers in the market. Demand for organic and natural deli meat is also increased. Asia-Pacific shows growth supported by retail expansion and convenience product demand.
New products are being launched which in turn helps the market grow. New product launches are raising awareness, versatility, and availability of innovative flavors. Consumers are focusing on healthy foods and avoidance of antibiotics, synthetic hormones, and toxic pesticides. Companies like Hormel Foods and Boar's Head Brand are strengthening their presence in the organic segment.
Stellar Market Research is leading Food & Beverages research firm, has also published the following reports:
Processed Meat Market size was valued at US$ 629.38 Bn. in 2023. The Market is estimated to grow at a CAGR of 6.54% over the forecast period.
Artificial Meat Market size was valued at US$ 4.38 Bn in 2023. The Market is estimated to grow at a CAGR of 4.3% over the forecast period.
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