Chilled And Deli Foods Market Size, Share & Trends Analysis Report By Product (Meat, Cheese, Prepared Products), By Nature (Conventional, Organic), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the chilled and deli foods market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for chilled and deli foods market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of chilled and deli foods market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Chilled And Deli Foods Market Categorization:

The chilled and deli foods market was categorized into four segments, namely product (Meat, Cheese, Spreads, Dips & Sauces, Pickles/Relish, Prepared Products), nature (Conventional, Organic), distribution channel (Hypermarkets & Supermarkets, Convenience Stores, Departmental Stores, Specialty Stores, Online), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The chilled and deli foods market was segmented into product, nature, distribution channel, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The chilled and deli foods market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; Spain; Italy; France; China; Japan; India; Australia & New Zealand; Brazil; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Chilled and deli foods market companies & financials:

The chilled and deli foods market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Waitrose Limited - Owned by the John Lewis Partnership, Waitrose Limited is a supermarket chain based in the UK. It operates as the food retail segment of the John Lewis Partnership. The firm manufactures a diverse array of fresh, value-added, frozen, and refrigerated food items that are marketed and distributed through retail, food service, and outlets that offer fresh products. In 2016, Waitrose made history by becoming the first supermarket to offer own-label products via British Corner Shop, an online platform that delivers British food to customers in over 100 countries. As of 2017, the firm exports its products to 58 countries, operates 352 stores and works with 13,000 suppliers to offer 380,000 product lines.

• Tyson Foods, Inc.- An American multinational corporation Tyson Foods, Inc. ranks among the world’s largest food companies. The corporation boasts a diverse array of products and brands, such as Tyson, Hillshire Farm, Jimmy Dean, Ball Park, Aidells, Wright, and State Fair. It conducts its operations through four key business segments: Beef, Pork, Chicken, and Prepared Foods. In the year 2017, the corporation’s products were marketed in 117 countries. Its primary markets are Canada, Central America, China, the European Union, Japan, Mexico, the Middle East, South Korea, and Taiwan.

• Nestlé - Based in Switzerland, Nestlé, a multinational corporation, holds the title of the world's largest food & beverage company when measured by revenue. The corporation has a global footprint with over 2000 brands spread across 189 countries. The range of products it offers is diverse, encompassing medical food, baby food, bottled water, coffee & tea, breakfast cereals, confectionery, dairy products, frozen food, ice cream, pet food, and snacks. Nestlé's operations are divided into seven business segments: powdered & liquid beverages, nutrition & health science, milk products & ice cream, pet care, prepared dishes & cooking aids, confectionery, and water.

• JBS - JBS, a multinational corporation hailing from Brazil, operates in the food industry. The corporation boasts a multitude of brands and a wide-ranging product portfolio that includes everything from fresh and frozen meat to value-added, ready-to-eat, prepared, and processed food products. Its products are sold under renowned brands such as Friboi, Swift, Seara, Pilgrim’s Pride, Primo, Moy Park, and Just Bare, among others. The corporation has a global reach, with 400 production units spread across more than 15 countries and commercial offices in 20 countries. In the year 2017, the corporation catered to over 350,000 customers in more than 150 countries.

• Kraft Heinz Company - Kraft Foods, an American-based conglomerate, is engaged in the manufacturing and processing of grocery products. Following a spin-off in 2012, the company underwent restructuring and was renamed Mondelez International until it merged with Heinz. In 2015, a merger between Kraft Foods and Heinz resulted in the creation of one of the world's largest food & beverage companies, now known as The Kraft Heinz Company. The company's portfolio includes globally recognized brands such as Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones, and Velveeta. The company has operations in 40 countries and operates 83 factories worldwide.

• Hormel Foods Corporation - Hormel Foods Corporation, a multinational corporation based in America, specializes in the production of both branded and unbranded food products for customers in the food service, retail, and fresh-food product sectors. The corporation boasts over 50 brands and conducts its operations through five key business segments: Grocery Products, Refrigerated foods, Jennie-O Turkey Store, Specialty food, and Intercontinental & others.

• Astral Foods Ltd. - A multinational company originating from South Africa, Astral Foods Ltd., is in the business of poultry production. The company is involved in the manufacture of broilers, eggs, meadow feeds, and a diverse range of fresh, frozen, and value-added chicken products. Astral Foods Ltd. conducts its operations through three main business segments: Poultry, Feeds, and Others. The company's products are offered under a variety of brands including Ross 308, Meadow, National Chicks, CAL, Goldi, County Fair, and Festive.

• Samworth Brothers Limited - A company in the food manufacturing sector, Samworth Brothers Limited, is engaged in the production and distribution of both labeled and unlabeled brands of chilled and ambient food products in the UK. The company encompasses 18 individual businesses that produce chilled and ambient foods. The company's products are offered under a variety of brands including Melton, Kenesy, Ginsters, Blueberry, Brandgate, Brooksby Foods, Dickinson & Morris, Saladworks, SCI-MX, Cornwall, Walker& Son, and West Cornwall Pasty.

• Daniels chilled food - Daniels Chilled Food operates as a division of the Hain Daniels Group, which is a part of the Hain Celestial Group, Inc. Hain Daniels is recognized as one of the premier food manufacturing companies in the UK, with operations spread across 13 sites. The company boasts a diverse product portfolio that it manufactures, markets, and sells in collaboration with retail, food service, B2B, and export customers under its private labels. The company's operations are divided into three main business segments: Grocery, Fruit, Hain Ireland, and Chilled & Frozen.

• Wm Morrison Supermarkets Plc - Wm Morrison Supermarkets Plc ranks among the UK's largest chains of supermarkets. As a food retail company, it operates over 500 stores that cater to customers across the UK. The company's operations encompass the manufacturing and distribution of fresh food, morning goods, bread, and seafood, and it processes fresh meat through both in-store and online grocery retailing. Its primary focus is on food and groceries, which are sourced and processed in its manufacturing facilities. Additionally, it operates 18 manufacturing facilities and 9 distribution centers.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Chilled And Deli Foods Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Chilled And Deli Foods Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.