Chilled & Deli Foods Market Size is Projected to Reach USD 267.70 Billion by 2025: Grand View Research, Inc.

1-April-2019: The global chilled & deli foods market size is likely to reach USD 267.70 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.2% during the forecast period. Chilled & deli foods are witnessing increasing demand in the food & beverages industry, mainly owing to growing acceptance among consumers. The popularity of these products is largely associated with their ease of preparation, storage, and availability in retail outlets, which is expected to influence the global consumption patterns over the forecast years.

Pre-packaged products are likely to be the largest product segment for the chilled & deli foods market throughout the forecast horizon. Chilled & deli foods are among promising segments in the food & beverage sector with its increasing acceptance among consumers since the available product range caters to a wide range of requirements such as Kosher and organic. Moreover, staple food is also readily available as a frozen meal wherein, advancements in packaging have increased the convenience of such type of meals.

The demand for savory appetizers in the market is primarily driven by tastes and variety. While North America and Europe are the largest regions in terms of consumption, growth in these regions is lower than in the largely developing regions. Asia Pacific is poised to offer tremendous growth opportunities owing to increment in consumption per capita and increasing population catering to global supplies. Widening base of middle class population is also playing a pivotal role in the development of the regional market. The same is true in Africa, although the growth trajectory for savory is still lower than Asia Pacific currently.

Concerns among buyers regarding adverse health effects caused due to degradation of ready foodstuffs have been rising, thereby leading to increased requirement for maintaining freshness of products such as bread rolls, frozen desserts, and chocolates for a longer duration. Increasing requirement for baked goods and confectioneries in light of new product launches in frozen desserts and liquor chocolates is expected to fuel the demand for chilled & deli foods over the forecast period.

With increasing number of working-class population and changing lifestyles, retail stores are emphasizing on altering present state of display and focusing on products that have greater shelf life and capable of retaining quality while kept frozen. In emerging markets in Latin America, Southeast Asia, and Eastern Europe, relatively buoyant income growth is translating into greater affordability and inclination towards new goods and services.

The distribution channel for chilled & deli foods is largely pivoted to supermarkets & hypermarkets, convenient stores, specialty stores, and e-commerce portals capable of catering to a large consumer base. Some of the distribution channels involved in the marketing of chilled & deli foods are Waitrose Limited, Kroger, Walmart, Godrej Natural Baskets, and Wesfarmers Limited. E-commerce portals such as Big Basket, Graze, Raw to Door, and Planet Organic have been gradually gaining acceptance among new-age consumers over the past few years.

In depth research report on Chilled & Deli Foods Market

https://www.grandviewresearch.com/industry-analysis/chilled-deli-food-market

Further key findings from the report suggest:

·       In terms of product, the pre-packaged products segment was valued at USD 40.54 billion in 2017. It is expected to expand at a CAGR of 5.8% over the forecast period

·       Central & South America is projected to witness a growth rate of 4.3% over the forecast period, owing to increasing number of food retail chains in countries including Brazil, Venezuela, and Argentina

·       Asia Pacific offers growing investment opportunities for chilled and deli food manufacturers, driven by high-potential customer base in the region

·       Countries in APAC, especially India and China, are expected to observe remarkable growth during the forecast period. The overall region is expected to progress at a CAGR of 5.8%, primarily as a result of rising demand for exquisite chilled and deli foods

·       Some of the key companies present in the market are Tyson Foods, Inc, Cargill Meat Solutions, Arthur’s Food Company, Gainsborough Chilled Foods Ltd, Ready Pac, and Winterbotham Derby.

Grand View Research has segmented the global chilled & deli foods market on the basis of product and region:

Chilled & Deli Foods Product Outlook (Revenue, USD Billion, 2014 - 2025)

·       Meat

·       Savory Appetizers

·       Prepared Salads

·       Pre-Packaged products

·       Sauces, Condiments & Dressings

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Beef Market Hit USD 383.5 billion by 2025: Grand View Research, Inc.

12-March-2019: The global beef market size is expected to reach USD 383.5 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 3.1% CAGR during the forecast period. Growing awareness regarding beef as a major source of protein is expected to drive the market.

Beef and veal have higher protein content compared to chicken, pork, turkey, and lamb. Surging awareness associated with consumption of protein through high nutritional food is gaining importance among people. Meat eaters in U.S. prefer beef over other meats owing to various diseases associated with poultry and pork. These factors have been aiding market growth.

High demand from China, supported by increasing disposable income, is also anticipated to drive beef consumption over the forecast period. Favorable government initiatives pertaining to the food industry will remain an important growth factor. Recently, the government of China lifted the ban on Australian chilled and frozen food. It is expected that the government will also lift the Brazilian imports ban over the coming years. However, health hazards associated with consumption of meat and higher prices of beef compared to other forms of meat can critically impact market growth.

U.S. is one of the largest producers of beef in the global market. In the last six years, the country has seen significant imports of chilled grass beef. Demand from restaurant chains such as Burger King and McDonald’s is also expected to contribute to the growth of the U.S. market.

Rise in Islamic population will trigger demand for halal beef over the forecast period. Limited supply of cattle in certain countries can lead to increase in product prices, creating imbalance in the value chain. Safety and quality benefits associated with kosher beef will trigger demand in the North America region. Enhancement in slaughtering techniques and improvement in animal feed technology are projected to create opportunities for various market participants in the value chain.

In depth research report on Beef Market

https://www.grandviewresearch.com/industry-analysis/beef-market-analysis

Further key findings from the report suggest:

·       The other cuts segment dominated the global market with a revenue share of 54.7% in 2017, mainly due to increasing demand for ribs, round, chuck, plate, and flank

·       Loin cut is expected to be the fastest growing segment, registering a CAGR of 3.5% from 2017 to 2025

·       In terms of volume, the halal slaughter method is projected to expand at a CAGR of 2.7% over the forecast period

·       In terms of volume, North America is projected to witness a steady CAGR of 2.5% over the forecast period. Awareness associated with grass-fed beef is anticipated to contribute to market growth

·       Some of the key companies in the market are Tyson Foods, Inc.; Danish Crown; Cargil, Incorporated; Marfrig Global Foods S.A.; and NH Foods Ltd.

Grand View Research has segmented the global beef market on the basis of cut, slaughter method, and region:

Beef Cut Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Brisket

·       Shank

·       Loin

·       Others

Beef Slaughter Method Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Kosher

·       Halal

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Dairy Alternatives Market Hit USD 35.06 Billion by 2024: Grand View Research, Inc.

12-December-2018: According to a report published by Grand View Research, Inc.; the dairy alternative market is likely to reach a valuation of around USD 35.06 billion by 2024.

Increasing number of lactose intolerance cases and rising healthcare concerns among the consumers can drive the market during the forecast period (2013 to 2024).

Several nutritional benefits offered by these products including high protein content and low cholesterol content and use of these products in the manufacturing of daily food products is expected to boost the demand for these products in the coming years. Chaining dietary preferences of consumers due to increasing number of allegories accompanying with the consumption of non-vegan foods is expected to support the market growth over the forecast period.

Worldwide dairy alternatives market can be segmented on the basis of product, formulation, application, and region.

As per product, the market can be categorized into rice milk, soy milk, almond milk, and others.

In 2016, the soy milk segment estimated for 40.5% share of the overall market. This segment is anticipated to grow at a CAGR of 15.7% during the forecast period due to increasing demand from Asian countries. Soya milk contains isoflavones and prevents breast cancer and heart diseases. This has increased the consumption of the product among female consumers. The U.S is the major producer of the soymilk

Almond milk is anticipated to grow rapidly with CAGR of 17.8% during the forecast period. This growth can be associated with its high content of energy, protein, fiber, and lipids. In addition, with compare to other products, it has a better taste and texture.

Based on formulation, the market can be bifurcated into plain and flavored. In 2016, the plain formulation segment reported for over 52.7% due to high demand from elderly population as these formulations are cholesterol free. The segment is projected to grow at CAGR of 15.4% during the forecast period. Increasing demand from food and beverages for plain unsweetened desserts and snacks is likely to boost the segment growth over the forecast period. The flavored formulation segment is predicted to be the fastest growing segment. It is expected to expand at a CAGR of over 17.9%. Introduction of new flavors and increasing demand in the making of lactose-free yoghurts and desserts can boost the segment during the forecast period.

On the basis of application, the market can be split into food and beverages.

The beverage segment is expected to grow at CAGR of 16.3%. Increasing demand in several nut based flavored milk products including almond, cashew, walnut is likely to drive segment growth.

The food segment is expected to grow steadily due to increasing demand for non-dairy chees and yoghurts. Changing dietary habits among the consumers in Brazil, India, and China are mainly driving demand for lactose-free cheese.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and The Middle East & Africa.

In 2016, Asia Pacific dominated the market and estimated for over 49.7% of the total market share. Factors such as changing consumer dietary habits, increasing disposable income, increasing awareness among the consumers is anticipated to create positive impact on the market. The market is also expected to dominate over the forecast period due to presence of high lactose intolerant population base in the South East Asian countries.

Europe is expected to expand with CAGR of 13.7% during the projected period. This growth can be attributed to high consumer demand for cholesterol free and plant-derived food products and lactose-free yogurt and ice-creams in this region.

The U.S. Food and Drug Administration, Food Canning Establishment Registration, and Scheduled Process Regulations implemented regulations, which are mandatory for the manufacturers as these products are directly consumed by the consumers. This is likely to act as a major threat for the manufacturers.

Key companies operating in the market include Eden Foods, Inc.; SunOpta Inc.; Living Harvest Foods Inc.; The Hain Celestial Group, Inc.; and Archer Daniels Midland Company. The market participants are mainly focusing on research and development (R&D) activities and innovative product development.

In-Depth Research Report On Dairy Alternatives Market:

https://www.grandviewresearch.com/industry-analysis/dairy-alternatives-market

Sustainability of Foods to Drive Canned Seafood Market

22-October-2018: The global canned seafood market is anticipated to reach a valuation of USD 27.8 billion by 2025, according to a market report by Grand View Research, Inc. Canned seafood comprises fish and other seafood such as sardines, tuna, salmon, and shrimp. Such foods are rich in nutrients, vitamins, and minerals and can boost immunity levels. Canning ensures the long shelf life of these products and preserves the natural color and taste of the food. Demand for convenience foods for snacking purposes can entice consumers to try these foods.

The concerns of high mercury levels in these fish have led to regulatory agencies such as the U.S. Food and Drug Administration (FDA) to blacklist fish such as shark, tilefish, and marlin in 2017. In order to cater to high demand for seafood, Safe Catch, a U.S. company has devised testing methods to retain fish with lowest mercury levels. This move can prevent food poisoning from high consumption of canned items and protect pregnant women, kids, and health-conscious consumers. The company managed to raise USD 5 million in funding in February 2018 to launch a new line of seafood items to leverage on changing food preferences of consumers.

Sustainability seems to be the main mantra in the tinned food industry with big retail outlets such as Walmart demanding Marine Stewardship Council (MSC) certification on all canned food items from its suppliers. In January 2016, Canada’s purse seine herring industry gained MSC certification and achieved a sustainability ranking. This lets canned food producers to export their goods to North America and Europe. Restaurants in the U.S. are turning to canned fish to prepare delicious dishes to cater to evolving tastes of consumers. This trend emerged due to millennials willing to pay for branded canned foods.

The canned seafood market is expected to expand due to high demand for processed foods. Changing lifestyle and expendable income of consumers are factors predicted to drive market growth over the forecast period (2014-2025). The market is expected to exhibit a 3.2% CAGR, revenue-wise, from 2017 to 2025 driven by an upswing in online shopping on ecommerce portals. High demand for exotic seafoods and reduced tariffs is projected to positively impact the market. Concerns regarding mercury within fish can restrain market growth. Prominent market players include Thai Union Frozen Products; American Tuna, Inc.; Bumble Bee Foods, LLC; and Wild Planet Foods Inc. 

In-Depth Research Report On Canned Seafood Market:

https://www.grandviewresearch.com/industry-analysis/canned-seafood-market

Canned Seafood – A Must-have for Health-conscious Consumers

Canned fish are processed seafood products sealed in a tight container to preserve its shelf life. Preservation techniques are used to prevent spoilage bacteria, which produce bad odors. Tuna, salmon, sardines, prawns, shrimp, and several other seafood are the common products. Health benefits associated with canned seafood, such as improved immunity, improved eyesight, and better bone strength, are expected to influence the product demand.

Concerns regarding high mercury levels in some of such foods have led to regulatory agencies placing certain seafood on a blacklist for consumption. In light of this, many companies are developing analysis methods to detect high mercury levels in fish and protect consumers from food poisoning. For example, In February 2018, Safe Catch managed to raise USD 5 million from private investors to weed out contaminated fish through its rigorous testing methods and launch a new line of canned seafood items for public consumption.

Canned Tune: The Highest Revenue-generating Product Segment

The canned tuna segment is expected to account for 47.5% of the market share by 2025 owing to its high protein content and other nutrients that purportedly strengthen the immune system. High production of canned tuna in Asia Pacific and high use of it in preparing packaged meal mixes, casseroles, and salads in U.S. are the key factors driving the segment growth.

The canned sardines segment is projected to exhibit a CAGR of 5% over the forecast period (from 2018 to 2025) due to its health benefits and easy availability on ecommerce stores. Marketing campaigns by local companies to change customer tastes is also expected to boost the segment growth in the coming years.

Market Insights

The global canned seafood market is anticipated to reach at USD 27.8 billion by 2025, according to a report by Grand View Research, Inc. It is expected to exhibit a CAGR of 3.2% from 2018 to 2025 due to high demand processed seafood and exotic seafood products. In addition, awareness regarding health benefits associated with seafood along with rising consumer disposable income is projected to have a positive impact on market demand.

Government policies eliminating tariffs on fish in countries such as Vietnam, Indonesia, and Japan are also anticipated to fuel market growth. Some of the key market players include Wild Planet Foods Inc.; Thai Union Frozen Products; Bumble Bee Foods, LLC; and American Tuna, Inc.

In-Depth Research Report On Canned Seafood Market:

https://www.grandviewresearch.com/industry-analysis/canned-seafood-market

Craft Spirits: For Enhanced Taste and Flavor

Craft sprits are created by licensed and independent distilleries that have a production volume of less than 750,000 gallons. Depending on production capacity, these distilleries are categorized into small-, medium- and large-sized.

Innovative Products with Special Ingredients

Craft spirits are broadly segmented on the basis of products such as whiskey, gin, vodka, rum, brandy, and liqueur. In 2016, whiskey accounted for the largest market share of 42.5% of overall industry and is also expected to witness maximum demand throughout forecast period (from 2018 to 2025). Increasing consumer demand for flavored whiskey blended using special ingredients is likely to boost segment over the coming years.

These ingredients may include regional botanicals, spices, herbs, and others. For instance, Whyte & Mackay, manufacturer of Scotch whisky recently developed a scotch whisky called Shackleton, which is formed using blended malt. The malts are placed for extended period in an amalgamation of Spanish Sherry butts and ex-bourbon American white oak barrels to match flavors. The whiskey is available in many flavors such as vanilla, ginger, honey, and liquorice.

Gin segment is expected to show a rapid growth during the forecast period due to increasing consumer demand. Rising use of the product in cocktails can drive the segment. Distilleries are using strategic approaches to use unconventional ingredients, like orange peels, lemon, saffron, grape, anise, cinnamon, and different spices, to improve taste and flavor of the product.

Market Overview

According to a report by Grand View Research, Inc., the worldwide craft spirits market is likely to reach USD 80.43 billion by 2025. Increasing consumer demand for authentic and quality drinks with special tastes and essence can drive the market. Growing target population base across the globe along with increased consumer disposable income levels will boost the product demand.

Geographically, North America accounted for over 53% of total revenue in 2016 due to favorable government policies and strong presence of several craft spirits makers in this region. Some of the key companies in the market include Anchor Brewers & Distillers LLC, William Grant & Sons Ltd., Pernod Ricard, Rogue Ales, and Diageo plc.

In-Depth Research Report On Craft Spirits Market:

https://www.grandviewresearch.com/industry-analysis/craft-spirits-market

Cold Storage for Temperature–sensitive Products

Cold storage is constructed for bulk storage, production storage, and ports. Based on warehouse type, they can be categorized into private, semi-private, and public. The refrigerated storage has turned out to be an essential part of the Supply Chain Management (SCM) for storing and transporting the temperature-sensitive products since the users and suppliers of such products are forced to cut the environmental impact of cold chain shipping.

Ideal Storage for Pharmaceutical and Processed Foods

Refrigerated storage facility is used in various applications such as pharmaceuticals, dairy, fruits and vegetables, and fish, meat and seafood, and processed food. The processed food segment is likely to grow at CAGR of 16.1% during the forecast period (from 2017 to 2025).  The fish, meat, and seafood application segment is also expected to exhibit a significant expansion in the years to come. This growth can be attributed to the continuous developments in the packaging materials of seafood products.

Growing consumption of frozen foods across developing countries including China and India is expected to boost the segment growth in the coming years. Increasing expansion of organized retail chains like supermarkets is also bosting the demand such countries. The pharmaceutical segment is expected to witness substantial growth over the forecast period. The pharmaceutical supply chains are extremely at risks of product adulteration at the time of transportation and may face noncompliance with federal regulations.

Refrigerated warehouses are crucial for the preservation of food items like milk and other dairy products against spoilage. The refrigerated storage is constructed to provide ideal conditions by maintaining humidity, temperature, and purity of air. For instance, Americold Logistics LLC (U.S.) has launched a storage facility in Clearfield. It consists of advanced machineries that can avoid the need for a large engine room and on-site storage of ammonia. The new facility is intended to provide adjustable temperature zones down to -20F with refrigerated docks. This facility can be beneficial to almost every food service provides as well as retailers.

Market Overview

According to a report by Grand View Research, Inc., the cold storage market is likely to reach USD 212.54 billion by 2025 growing at a CAGR of 12.4% during the forecast years. Factors such as growing organized retail sectors and stringent government guidelines regarding the production and supply of temperature-sensitive products can propel the market in the coming years. Moreover, rising global demand for frozen foods is also likely to fuel the market development. Some of the leading players in the market include United States Cold Storage, Inc.; Americold Logistics, LLC; Cloverleaf Cold Storage; Nordic Logistics; and Oxford Logistics Group.

In-Depth Research Report On Automotive Appearance Chemicals Market:

https://www.grandviewresearch.com/industry-analysis/cold-storage-market

Meat Substitutes Market Size is Expected to Reach USD 5.81 Billion by 2022

The Global meat substitute market size is expected to reach USD 5.81 billion by 2022, according to a new study by Grand View Research, Inc., registering a CAGR of 7.5% during the forecast period. Growing health consciousness among consumers and preference for vegan diet can drive the global meat substitutes market. Additionally, increasing occurrence of obesity and diabetes due to inactive lifestyle can create a positive impact on the market. Growing R&D activities for developing less expensive and healthy products will also likely create opportunities for participants.

In 2014, soy accounted for over 80.0% of overall market revenue. Soy is good source of iron, protein, and vitamin B, and is therefore extensively used as an ingredient for producing meat substitutes. Increasing demand for nutritional food due to rising health concerns is anticipated to boost this segment during the forecast period. Wheat is expected to increase its usage as an ingredient for producing meat substitutes in the coming years. The segment is likely to expand at an estimated CAGR of 10.0% from 2015 to 2022.

In depth research report on Meat Substitutes Market

http://www.grandviewresearch.com/industry-analysis/meat-substitutes-market

Further key findings from the study suggest:

·       Global meat substitute market was valued at USD 3,336.5 million in 2014 and is expected to reach USD 5,810.1 million by 2022, growing at a CAGR of 7.5% from 2015 to 2022.

·       Textured vegetable protein (TVP) emerged as the leading product segment and accounted for 43.7% of total market revenue in 2014. Increasing demand for soy based meat substitutes is expected to drive this segment over the forecast period. Seitan is expected to witness the highest growth of 9.8% from 2015 to 2022. Growing wheat gluten consumption in Asia Pacific is expected to drive this segment over the forecast period.

·       Europe emerged as the leading regional market and accounted for 42.0% of total market revenue in 2014. Growing health concerns particularly in developed economies of Europe is expected to drive the regional market over the forecast period. Asia Pacific is expected to witness the highest growth of 8.6% from 2015 to 2022. Increasing disposable income level particularly in India, China and Indonesia is expected to drive the regional market. 

·       Major industry participants have been taking strong initiatives to develop superior quality meat substitute products. Companies have been engaged in mergers & acquisitions and forging partnerships with those possessing R&D capabilities and having strong presence in the agro sector. Prominent industry participants include AMY’s Kitchen, Beyond Meat, Blue Chip Group, Cauldron Foods UK, garden Protein International Inc., Meatless B.V., Quorn Foods and Vbites Food Ltd.

Grand View Research has segmented the meat substitute market on the basis of raw material, product and region:

Global Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2014 - 2022)

·       Soy-based

·       Wheat-based

·       Mycoprotein

·       Others

Global Meat Substitutes Product Outlook (Revenue, USD Million, 2014 - 2022)

·       Tofu

·       Tofu-based

·       Tempeh

·       Textured Vegetable Protein (TVP)

·       Other Soy Products

·       Seitan

·       Quorn

·       Others

Meat Substitutes Regional Outlook (Revenue, USD Million, 2014 - 2022)

·       North America

o   U.S.

·       Europe

o   Germany

o   UK

o   France

·       Asia Pacific

o   China

o   India

o   Japan

·       Central & South America

·       Middle East and Africa

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/