The global cold cuts market is anticipated to grow at a CAGR of 7.6% during the forecast period (2022-2028). The global cold cuts market is growing due to the increasing consumption of cold cuts globally. The market is incrreasing due to the increase in rapid urbanization as well as an increase in the middle-class population. The rise in middle-class income has led to an increase in consumer spending on frozen food products that is boosting the growth of the global cold cuts market. Additionally, new advancement in technology provides faster processing and temperature accuracy, as well as delivery of the goods within time maintaining the hygiene benefits, is propelling the growth of the global cold cuts market in the forecast period. The global cold cuts market is segmented into type and application. The Asia Pacific region is anticipated to hold a prominent share due to the rise in consumer demand for chilled and frozen foods in this region and the rise in increasing consumer income in countries such as China and India is increasing the growth of the Asia-Pacific cold cuts market in the forecast period. The North American cold cuts market is witnessing the fastest growth due to the existence of cold-cuts operations in North America, and the availability of several variants of products and flavors that are preferred by the consumers according to their taste in this region.
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Some major players in the market include Boar’s Head Provisions Co, Inc., Cargill Inc., Conagra Foods, Inc., Hormel Foods Corp., JBS S/A, Maple Leaf Foods, Inc., Sigma Alimentos, S.A. de C.V., and The Kraft Heinz Co., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance:
- In October 2019, Bennet & Bernard entred into the FMCG space with the launch of chicken and pork cold cuts in the Goa market.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Product Type
- By Animal Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Boar’s Head Provisions Co, Inc., Cargill Inc., Conagra Foods, Inc., Hormel Foods Corp., JBS S/A, Maple Leaf Foods, Inc., Sigma Alimentos, S.A. de C.V., The Kraft Heinz Co. among others
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cold Cuts Market Report by Segment
By Type
- Sliced Cold Cuts
- Non-Sliced Cold Cuts
- Lunch Kits
By Product Type
- Deli
- Packaged
By Animal Type
- Meat
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Online Store
Global Cold Cuts Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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