About Cold Cuts
The global processed meat market is expected to grow at a steady pace during the forecast period. With globalization and urbanization, consumer lifestyles are becoming busier and the number of dual-income households are rising. Ready-to-eat meat products that contain essential nutrients and save the cooking time of the consumers are being largely preferred by these household. Due to an overall increase in health consciousness among customers, many of them are adding protein to their daily diets, As processed meat acts as an excellent source of protein, its demand is increasing. The growth of the food service and retail industries has resulted in increased supply of processed meat products. In addition, innovation in processing technologies has led to the introduction of diverse processed meat products in the market.
Technavio’s analysts forecast the global cold cuts market to grow at a CAGR of 10.6% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cold cuts market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cold cuts.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cold Cuts Market 2017-2021
Technavio recognizes the following companies as the key players in the global cold cuts market: Boar's Head, Hormel Food, Kraft Heinz, Seaboard, and Tyson Foods
Other Prominent Vendors in the market are: Bar-S Foods, Daniele, Kunzler, Blue Grass Quality Meats , Bryan Foods, Smithfield Foods, Frick's Quality Meats, Royal Foodstuff, Bridgford Foods, Golden Bridge Foods, Black Bear, Applegate, Cris-Tim, Raspini, Vantastic Foods, LINCK, and Flavours and Colours of Biodiversity
Commenting on the report, an analyst from Technavio’s team said: “The popularity of organic packaged food is increasing as consumers are beginning to value healthy, natural, and safe food products more. Consumers perceive organic food as healthy as the origin and quality of the ingredients that are used in the preparation of these products is usually verified by various agencies. Organic products are mostly priced higher in comparison to conventional products. The premium price is due to the comparatively high production and distribution costs as well as consumers’ willingness to pay extra for these products. The additional or premium cost associated with organic production is passed throughout the supply chain and paid by the end-consumer at last. In 2014, the US accounted for 43% of the total retail sales of organic food globally and Germany accounted for 13%. Seeing the growing preference for organic food (including packaged food products), players like Applegate Natural & Organic Meats, VANTASTIC FOODS, Flavours and Colours of Biodiversity, and Aalbaek Specialiteter are coming up with more varieties of organic cold cuts.”
According to the report, the demand for convenient and packaged products has been on a rise since the last decade. Many countries around the world have experienced development and urbanization in the recent years. Urbanization is inculcating new eating habits, and consumers are developing a palate for international food. The urbanized population is demanding ready-to-eat packaged foods that are convenient to consume. Thus, various super and hyper markets are storing chilled and packaged food materials.
Further, the report states that players in the global cold cuts market face issues complying with the stringent rules and regulations imposed by the authorities in the countries they operate in. These regulations pertain to permits, the entry of new players, the launch of new products, and the expiry dates for certain products. The production of cold cuts suitable for export to countries like the US is difficult as the players need to follow lengthy procedures involving strict rules. In recent years, many revisions have taken place in government rules and regulations to control the presence of pathogenic microorganisms such as listeria monocytogenes and salmonella in cold cuts. For instance, in countries like Canada, Canadian Food Inspection Agency has increased regulations regarding testing and reporting of listeria in processing plants that make cold cuts.
Boar's Head, Hormel Food, Kraft Heinz, Seaboard, Tyson Foods, Bar-S Foods, Daniele, Kunzler, Blue Grass Quality Meats , Bryan Foods, Smithfield Foods, Frick's Quality Meats, Royal Foodstuff, Bridgford Foods, Golden Bridge Foods, Black Bear, Applegate, Cris-Tim, Raspini, Vantastic Foods, LINCK, and Flavours Colours of Biodiversity.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook