Cibi e Bevande
Deli Meat Market to Reach $27.40 Bn, Globally, by 2030 at 4.8% CAGR: AMR
Rise in demand for ready-to-eat/ready-to-cook food products, strong branding and promotion of organic deli meat by the market players, and increase in demand for animal protein have boosted the growth of the global deli meat market. However, presence of nitrates and nitrites in deli meat and availability of plant-based meat hamper the market growth. On the contrary, surge in consumer inclination toward flavored & processed foods and advent of innovation in deli meat products are expected to create lucrative opportunities in the future.
By source, the pork segment held the largest share in 2020, accounting for nearly two-fifths of the global deli meat market. In addition, the segment is expected to register the highest CAGR of 5.2% during the forecast period, owing to its popularity for smooth taste and surge in availability in the market.
By product type, the cured meat segment held the lion's share in 2020, contributing to more than three-fourths of the global deli meat market, due to its wide availability and unique taste. However, the uncured meat segment is estimated to manifest the highest CAGR of 5.8% from 2021 to 2030, owing to the health benefits associated with deli meat as it is free from nitrates and nitrites.
By region, the global deli meat market across North America dominated in 2020, holding nearly two-fifths of the market, owing to rise in demand for deli meat in the region. However, the market across Asia-Pacific is expected to register the highest CAGR of 6.1% during the forecast period, due to rise in demand and adaption of innovation deli meat products among consumers in the region.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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