Portland, OR -- (SBWire) -- 09/28/2017 --Chilled and Deli Food Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,051,554 million by 2022, registering a CAGR of 3.2% during the period 2016-2022. Pies and savory appetizers coupled with meat segment are expected to grow at a high growth rate, in terms of revenue, with a CAGR of 3.4% and 3.3%, respectively.

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Chilled and deli food are ready to eat products, which can be easily consumed and stored at a low temperature. The global chilled and deli food market is expected to witness notable growth in the coming years due to the increasing demand for convenience food items. Chilled and deli food has become an important part of the consumers life due to the increasing use of the chilled and deli food items in daily life. In addition, changing lifestyle demographics is another driving factor boosting the growth of this market.

The global prepacked sandwiches market is witnessing steady growth and is estimated to dominate nearly two-fifths of the global chilled and deli food market in terms of revenue by 2022 at a CAGR of 3.1%. Growing demand in the packaged food industry and rising consumption of healthier food products in the food and beverages industry is attributed for this growth, however, unstable price of raw material is limiting the growth of the market.

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Key Findings of Chilled and Deli Food Market:

- Though Asia-Pacific is projected to continue to dominate the chilled and deli food market, LAMEA will grow at a higher CAGR of 4.0%, in terms of revenue.

- North America accounted for more than one-fourth share of the chilled and deli food market, in revenue, with a CAGR of 2.6%.

- China dominated in the Asia-Pacific chilled and deli food market, and is expected to grow at a CAGR of 4.0%, in revenue terms.

- The meats segment of the chilled and deli food market is expected to grow with a CAGR of 3.3%, during the forecast period.

- Latin America dominated the chilled and deli food market in LAMEA region with nearly half the market share, and is estimated to grow at a CAGR of 5.6%, during 2016-2022.

The key players in the global chilled and deli food market in are Samworth Brothers Ltd., Tyson Foods Inc., Hormel Foods Corporation, JBS S.A., Kraft Foods Group Inc., BRF S.A., Astral Foods Ltd., 2 Sisters Food Group, Waitrose Ltd., and Wm Morrison Supermarkets Plc, among others.