The market survey report for sales of chilled processed food around the world predicts growth estimates. The net worth of the total sales is estimated to be around US$ 803 billion in 2023. The chilled processed food market is predicted to register a moderate CAGR of 3.5% during the forecast period covering 2023 to 2033. The overall valuation of the global chilled processed food market share is estimated to reach a value of nearly US$ 1,133 billion by 2033.
As consumers' preferences have gotten more refined and adventurous, the appeal of delicatessen, chilled, and exquisite foods have skyrocketed. Also, surging demand for organic, locally produced, additive, and reasonably prepared super foods has reoriented the chilled processed food market trends recently. According to a survey report published in May 2020, almost two-thirds of consumers purchase prepared snacks, dinners, and more from retail.
Buyers around the world are still on the search for healthy processed snack items that could be opportunistic for the chilled processed foods section as well. Particularly, the packaging with clean label features such as 100% natural and 'organic' and more would be performing better in the market. In actuality, such characteristics appear to already have gained even greater popularity ever since the outbreak of the Covid-19 epidemic.
Secondly, as chilled processed food businesses have entered the new age of digital marketing, it has become imperative to release new products frequently.
Other than that, many of the industry's existing brands are focused on online advertising campaigns, re-branding, packaging, and more to capture the attention of new customers.
Conversely, the rising obligation on businesses to diversify their portfolio is shifting the entire notion of chilled processed food options. These brands are shifting towards more plant-based and organic items with higher profit margins.
| Attributes | Details |
|---|---|
| Chilled Processed Food Market Share (2022) | US$ 776 billion |
| Chilled Processed Food Market Size Value (2023) | US$ 803 billion |
| Chilled Processed Food Market Size Value (2033) | US$ 1,133 billion |
| Chilled Processed Food Market Growth Rate (2023 to 2033) | 3.5% |
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The busy lives of working professionals in both developed and emerging economies have led to a shift in preference for chilled processed food. Items such as air-chilled chicken are getting quite popular among the working class from conventional meat as it takes less time for preparation.
In recent years, packaged meals and packaged super foods chilled snacks have been the leading products for retail delis. Chilled chocolate, sides, chilled salad bars, and pre-sliced meats and cheeses provide consumers with both familiarity and time savings, propelling market key trends.
Besides, owing to the modern lifestyles of millennials, they prefer chilled prepared meals instead of spending time cooking and doing other chores. This is anticipated to bode well for the chilled processed food market players in developed countries. Major brands targeting this category may capitalize on this trend by introducing new varieties in this sub-segment to get more market share.
Unfortunately, the high cost of cooling equipment is a significant challenge for the distribution of these products. On the other hand, the trend of veganism is also stifling market growth to some extent.
The chilled meat products & meat substitutes category led the overall market in 2021 as well as the preceding years. This segment is also likely to remain the highest contributing segment throughout the projected timeframe.
As reported by the International Dairy Deli Bakery Association (IDDBA), takeaway deli chicken and other meat product sales have increased significantly. As per the figures, the sales of chilled processed meat increased by 2X in 2021 as compared to 2020.
A British Company making halal convenience foods named KQF declared the debut of its new Premium Ham cut Sliced Meats range in January 2022. This new product line includes deli-style slices of fully prepared beef, chicken, and lamb in different variations.
Although customers have their go-to meat options and have gravitated towards regular type frequently but are still trying out new flavors. As a result, key chilled and processed meat suppliers are introducing new goods in a variety of flavors to satisfy the evolving taste of customers. For instance, chilled chicken wing is getting quite popular in supermarkets these days. Over the coming years, it is expected to follow this trend and emerge to be the leading sub-segment.
Yet, the chilled prepared meal & sides category of the market products is expected to grow at the quickest rate during the forecast years. Because of the convenience and extended shelf-life, prepared meals are anticipated to gain popularity fast among customers. Chilled prepared meals guarantee clients better quality cuisine with decent tastes at a reasonable price in comparison to organically produced products.
Hormel Deli Solutions Group, for example, introduced the Perfect Plate brand of ready-to-eat chilled processed meals in February 2021. The purpose was to attract more customers to the prepared meals trend and make profitable sales. Also, for this, it launched five different options, including Brisket Mac & Cheese, Southwest Chicken, Rice, Beef, and Broccoli Stir-Fry.
Supermarkets and hypermarkets are the major points of sales for all types of chilled food products. This particular segment has contributed the most to the worldwide market growth of chilled processed foods in previous years. Packaged and premade meals are easily available in grocery aisles of any supermarket and hypermarket. The percent contribution of convenience retail stores has remained marginal and is estimated to be that way in the future as well.
However, the online sales channel is emerging to be a very rapidly growing distribution segment for the studied market in the last few years. As per the market report, it is poised to witness a year-on-year growth rate of 5.5% during the forecast years.
Moreover, it is also expanding its network swiftly across the third, having no tradition of consuming any type of chilled food products. Such technological and commercial developments have created a huge demand for chilled food products and opportunities for market suppliers.
Principal Consultant
North America leads the overall market, followed by the Western Europe region. These two regions rule the global market owing to the existence of various regional and global suppliers as well as an enhanced supply chain. Nevertheless, considerable development is projected in the Asia Pacific area due to the rising demand for chilled processed foods with changing lifestyles.
The United States has the greatest share of the market in North America, with a higher customer base. Moreover, the global chilled processed food business is controlled by the United States.
As per the report, it is the greatest consumer of dried processed foods that need to be kept refrigerated. Also, due to high beef and pork consumption patterns in this country, it remains a very profitable market for processed meat products.
The rising trend of veganism in the USA has forced many regional chilled processed food industries to shift their business focus in recent years. For example, a new firm named Prime Roots in California introduced a new range of vegan deli and charcuterie meats in February 2022. The specialty of this item is that it is created from koji, which is a type of Japanese fungus.
Europe ranks as the second-largest importer of processed meat and other food items. A significant market for processed vegetables is also present in the United Kingdom, Germany, France, and Italy.
The United Kingdom is the most promising region for the market players, with the highest consumer base than any other country in Europe. Verdino Green Foods Company in the United Kingdom diversified its range of product offerings. In March 2022, it added three new plant-based chilled foods to its portfolio. One is the Dry-Cured Salami which is available in a 240-gram pack. The other two are Mortadella with Pistachio and Bacon, available in 80-gram packs.
The two promising nations in the Asia Pacific region with the highest market shares are India and China. The recent uptick in sales of chilled and processed food may be credited to these emerging nations' highly advanced food Research and Development (R&D) capabilities.
China is the leading buyer and exporter of chilled packaged food throughout the Asia Pacific area. China's chilled processed food producers are very fast to comprehend what buyers want and supply it with the desired product features. The newest product range released by companies in China comprises several conventional deli foods. This category includes Smokey ham cold cuts, pepperoni, as well as luxuries like vegetarian foie gras and pâté. The purchase of such items is likewise increasing rapidly in emerging countries of South East Asia.
The greater the degree of processing, the more extensive product diversification.
Essentially, the worldwide market is extremely competitive and depends on technology improvements together with new product development. Key market players in the chilled processed food industry compete to acquire a local flavor and obtain a competitive edge over their rivals. However, regional players present a big challenge to huge international corporations in terms of distribution channels and consumer pricing.
Still, the market has enormous potential for both new and existing competitors. Rising entrants, particularly those from developing nations, are projected to have more opportunities to break into the market. Attractive branding and modern marketing strategies are poised to play in favor of the new chilled processed food companies.
Processed food items must be maintained at a particularly low temperature to retain quality. Thus it necessitates a significant capital expenditure and is seen as a big issue for retailers and distributors.
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The global chilled processed food market is to grow at 3.5% during the forecast period.
The global chilled processed food market is predicted to be valued at US$ 1,133 billion by 2033.
The global chilled processed food market was valued at US$ 776 billion in 2022.
The USA accounts for 33% of the revenue share generated annually.
China is predicted to witness the highest CAGR in the chilled processed food market.
1. Executive Summary | Chilled Processed Food Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) & Volume (Tons) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ million) & Volume (Tons) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Meat and Sea Food
5.3.2. Ready To Make Meals
5.3.3. Pizza
5.3.4. Chilled Noodles
5.3.5. Fresh Pasta
5.3.6. Vegetables
5.3.7. Chilled Soup
5.3.8. Fruits and Salads
5.3.9. Other
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) & Volume (Tons) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Super Markets/Hyper Markets
6.3.2. Convenience Stores
6.3.3. Specialty Food Stores
6.3.4. Online Retailers
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. The United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. The USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By Application
13.6. The United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Kroger
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. General Mills
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Hormel Foods
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. The Kraft Heinz Company
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Nestle
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. ConAgra Foods
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Kerry Foods
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Unilever
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Pepsico
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Mondelez
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. P&M Quality Smallgoods
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. Sigma Alimentos
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
15.1.13. Grupo Bimbo
15.1.13.1. Overview
15.1.13.2. Product Portfolio
15.1.13.3. Profitability by Market Segments
15.1.13.4. Sales Footprint
15.1.13.5. Strategy Overview
15.1.13.5.1. Marketing Strategy
15.1.13.5.2. Product Strategy
15.1.13.5.3. Channel Strategy
15.1.14. Kellogg
15.1.14.1. Overview
15.1.14.2. Product Portfolio
15.1.14.3. Profitability by Market Segments
15.1.14.4. Sales Footprint
15.1.14.5. Strategy Overview
15.1.14.5.1. Marketing Strategy
15.1.14.5.2. Product Strategy
15.1.14.5.3. Channel Strategy
15.1.15. Tegel Foods
15.1.15.1. Overview
15.1.15.2. Product Portfolio
15.1.15.3. Profitability by Market Segments
15.1.15.4. Sales Footprint
15.1.15.5. Strategy Overview
15.1.15.5.1. Marketing Strategy
15.1.15.5.2. Product Strategy
15.1.15.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Chilled Processed Food Market
