Deli meat market size to grow by USD 76.75 billion from 2022 to 2027: Evolving opportunities led by Boars Head Brand and BRF SA - Technavio

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Mar 02, 2023, 10:30 ET

NEW YORK, March 2, 2023 /PRNewswire/ -- The global deli meat market size is estimated to increase by USD 76.75 billion from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 7.78%. This market is segmented by product (cured deli meat and uncured deli meat), distribution channel (offline and online), and geography (North America, Europe, APAC, Middle East and Africa, and South America). A few prominent vendors that offer deli meat in the market are Boars Head Brand, BRF SA, Butcher On The Block, Cargill Inc., Conagra Brands Inc., CrisTim Group, Dutch Valley Meats, Evans Meats and Seafood Inc., Hormel Foods Corp., JBS SA, Maple Leaf Foods Inc., Nestle SA, Pocino Foods Co., Samworth Brothers Ltd., Seaboard Corp., Sierra Meat and Seafood, Sigma Alimentos SA de CV, The Kraft Heinz Co., and Tyson Foods Inc. and others. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample

Technavio has announced its latest market research report titled Global Deli Meat Market 2023-2027

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Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Deli meat market - Segmentation Analysis

North America is estimated to account for 32% of the growth of the global market during the forecast period. The US and Canada are the key countries in the region. These countries have high growth potential, led by the increasing demand for packaged deli meat and the growing awareness about the health benefits of protein-based diets. Many vendors are introducing innovations in their product offerings to capitalize on emerging trends. They are offering new natural flavors and textures to maintain consumer interest. Such factors will propel the growth of the regional market during the forecast period.

· The cured deli meat segment will account for a significant share of the market's growth during the forecast period. Cured deli meats are prepared with salt, nitrites additives, and other preservative chemicals to preserve flavor and color. This extends the life of the meat by removing moisture and altering its flavor. The use of preservatives and food additives improves the shelf life of cured deli meats. The popularity of packaged meats as an RTE option is driving the growth of this segment.

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Few vendor offerings -

Boars Head Brand - The company offers deli meat such as roasted meat, fresh raw meat, and oven-roasted meat.
BRF SA - The company offers deli meats such as raw and roasted meat.
Butcher on the Block - The company offers deli meat such as Italian beef, corned beef, London broiled roast beef, and pastrami.

Deli meat market – Market dynamics

Leading drivers - The increase in the number of product launches is driving market growth. The growing number of product launches is leading to an increase in awareness, versatility, and availability. Manufacturers are adopting innovative and distributive strategies to increase their market size. Successful launches help in increasing the revenue flow of vendors and expanding their consumer base. Many market players are expanding their product portfolios. Thus, the rising number of product launches is expected to boost the growth of the global market during the forecast period.

Key trends - The rising demand for organic and natural deli meats is a key trend in the market. The consumption of organic foods has increased owing to the growing awareness of their health benefits. As a result, the demand for organic meats is increasing. Players such as Hormel Foods and Boar's Head Brand are focusing on improving their presence in the organic and natural deli meat segment to meet the rising demand. For instance, in March 2020, Hormel Foods extended its organic and natural meat product offerings by launching Applegate Well Carved organic meatballs and burgers through its brand Applegate. Thus, the rising demand for organic and natural deli meats is expected to support the growth of the global market during the forecast period.

Major challenges - The increase in product recalls is challenging the market growth. Food products that can cause health hazards or contain allergens are often recalled. This hampers a company's reputation, thus lowering consumer trust and loyalty. It also leads to financial and operational burdens on the company. For instance, on May 6, 2022, the Food Safety and Inspection Service (FSIS) of the US Department of Agriculture issued a recall for around 862 pounds of RTE pork deli meat products from Olympia Meats in Portland, Oregon, due to misbranding and undeclared allergies. Thus, an increase in product recalls can hinder the growth of the global market during the forecast period.

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What are the key data covered in this deli meat market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the deli meat market between 2023 and 2027
Precise estimation of the size of the deli meat market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the deli meat market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of deli meat market vendors

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Deli Meat Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.78%
Market growth 2023-2027	USD 76.75 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	7.59
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 32%
Key countries	US, China, Germany, France,Italy,Mexico, Italy,Spain, Japan, Australia, and South Korea
Competitive landscape	Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled	Boars Head Brand, BRF SA, Butcher On The Block, Cargill Inc., Conagra Brands Inc., CrisTim Group, Dutch Valley Meats, Evans Meats and Seafood Inc., Hormel Foods Corp., JBS SA, Maple Leaf Foods Inc., Nestle SA, Pocino Foods Co., Samworth Brothers Ltd., Seaboard Corp., Sierra Meat and Seafood, Sigma Alimentos SA de CV, The Kraft Heinz Co., and Tyson Foods Inc.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global deli meat market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global deli meat market 2017 - 2021 ($ billion)

4.2 Product Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

4.3 Distribution channel Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments

Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product

Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product

6.3 Cured deli meat - Market size and forecast 2022-2027

Exhibit 34: Chart on Cured deli meat - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Cured deli meat - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Cured deli meat - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Cured deli meat - Year-over-year growth 2022-2027 (%)

6.4 Uncured deli meat - Market size and forecast 2022-2027

Exhibit 38: Chart on Uncured deli meat - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Uncured deli meat - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Uncured deli meat - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Uncured deli meat - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Product

Exhibit 42: Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

7.1 Market segments

Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

7.2 Comparison by Distribution Channel

Exhibit 45: Chart on Comparison by Distribution Channel
Exhibit 46: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2022-2027

Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

7.4 Online - Market size and forecast 2022-2027

Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Distribution Channel

Exhibit 55: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027

Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027

Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 France - Market size and forecast 2022-2027

Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

9.12 Italy - Market size and forecast 2022-2027

Exhibit 97: Chart on Italy - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Italy - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Italy - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Italy - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 102: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 104: Overview on factors of disruption

11.4 Industry risks

Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 106: Vendors covered

12.2 Market positioning of vendors

Exhibit 107: Matrix on vendor position and classification

12.3 Boars Head Brand

Exhibit 108: Boars Head Brand - Overview
Exhibit 109: Boars Head Brand - Product / Service
Exhibit 110: Boars Head Brand - Key offerings

12.4 BRF SA

Exhibit 111: BRF SA - Overview
Exhibit 112: BRF SA - Business segments
Exhibit 113: BRF SA - Key offerings
Exhibit 114: BRF SA - Segment focus

12.5 Butcher On The Block

Exhibit 115: Butcher On The Block - Overview
Exhibit 116: Butcher On The Block - Product / Service
Exhibit 117: Butcher On The Block - Key offerings

12.6 Cargill Inc.

Exhibit 118: Cargill Inc. - Overview
Exhibit 119: Cargill Inc. - Product / Service
Exhibit 120: Cargill Inc. - Key news
Exhibit 121: Cargill Inc. - Key offerings

12.7 Conagra Brands Inc.

Exhibit 122: Conagra Brands Inc. - Overview
Exhibit 123: Conagra Brands Inc. - Business segments
Exhibit 124: Conagra Brands Inc. - Key news
Exhibit 125: Conagra Brands Inc. - Key offerings
Exhibit 126: Conagra Brands Inc. - Segment focus

12.8 CrisTim Group

Exhibit 127: CrisTim Group - Overview
Exhibit 128: CrisTim Group - Product / Service
Exhibit 129: CrisTim Group - Key offerings

12.9 Dutch Valley Meats

Exhibit 130: Dutch Valley Meats - Overview
Exhibit 131: Dutch Valley Meats - Product / Service
Exhibit 132: Dutch Valley Meats - Key offerings

12.10 Evans Meats and Seafood Inc.

Exhibit 133: Evans Meats and Seafood Inc. - Overview
Exhibit 134: Evans Meats and Seafood Inc. - Product / Service
Exhibit 135: Evans Meats and Seafood Inc. - Key offerings

12.11 Hormel Foods Corp.

Exhibit 136: Hormel Foods Corp. - Overview
Exhibit 137: Hormel Foods Corp. - Business segments
Exhibit 138: Hormel Foods Corp. - Key news
Exhibit 139: Hormel Foods Corp. - Key offerings
Exhibit 140: Hormel Foods Corp. - Segment focus

12.12 JBS SA

Exhibit 141: JBS SA - Overview
Exhibit 142: JBS SA - Business segments
Exhibit 143: JBS SA - Key offerings
Exhibit 144: JBS SA - Segment focus

12.13 Maple Leaf Foods Inc.

Exhibit 145: Maple Leaf Foods Inc. - Overview
Exhibit 146: Maple Leaf Foods Inc. - Business segments
Exhibit 147: Maple Leaf Foods Inc. - Key offerings
Exhibit 148: Maple Leaf Foods Inc. - Segment focus

12.14 Nestle SA

Exhibit 149: Nestle SA - Overview
Exhibit 150: Nestle SA - Business segments
Exhibit 151: Nestle SA - Key news
Exhibit 152: Nestle SA - Key offerings
Exhibit 153: Nestle SA - Segment focus

12.15 Sigma Alimentos SA de CV

Exhibit 154: Sigma Alimentos SA de CV - Overview
Exhibit 155: Sigma Alimentos SA de CV - Business segments
Exhibit 156: Sigma Alimentos SA de CV - Key offerings
Exhibit 157: Sigma Alimentos SA de CV - Segment focus

12.16 The Kraft Heinz Co.

Exhibit 158: The Kraft Heinz Co. - Overview
Exhibit 159: The Kraft Heinz Co. - Business segments
Exhibit 160: The Kraft Heinz Co. - Key offerings
Exhibit 161: The Kraft Heinz Co. - Segment focus

12.17 Tyson Foods Inc.

Exhibit 162: Tyson Foods Inc. - Overview
Exhibit 163: Tyson Foods Inc. - Business segments
Exhibit 164: Tyson Foods Inc. - Key offerings
Exhibit 165: Tyson Foods Inc. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 168: Currency conversion rates for US$

13.4 Research methodology

Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources

13.5 List of abbreviations

Exhibit 172: List of abbreviations

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