GVR Report cover Deli Meat Market Size, Share & Trends Report

Deli Meat Market Size, Share & Trends Analysis Report By Product (Cured Deli Meat, Uncured Deli Meat), By Source (Pork, Chicken, Beef), By Distribution (Supermarkets & Hypermarkets, Convenience Stores), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68040-494-5
  • Number of Report Pages: 80
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Consumer Goods

Deli Meat Market Size & Trends

The global deli meat market size was valued at USD 247 billion in 2023 and is expected to grow at a CAGR of 4.3% from 2024 to 2030. One of the primary drivers is the increasing demand for convenience foods. As urbanization continues, consumers seek quick and easy meal options that fit into their busy lives. Deli meats, often available as ready-to-eat (RTE) products, provide a practical solution for those looking to save time on meal preparation. This shift toward convenience has led to a surge in the popularity of packaged deli meats, which are readily accessible in supermarkets and convenience stores.

Deli Meat Market Size, By Product, 2020 - 2030 (USD Billion)

Another significant factor contributing to market growth is the rising health consciousness among consumers. There is a growing awareness of the health benefits of organic and natural deli meats, which are perceived as healthier alternatives to traditionally processed meats. Consumers are increasingly scrutinizing food labels, leading to a preference for products free from preservatives, additives, and artificial ingredients. This trend has prompted manufacturers to expand their offerings to include organic and clean-label deli meat options, catering to the demand for healthier food choices.

Product innovation plays a crucial role in driving the deli meat market forward. Manufacturers continuously launch new flavors, varieties, and formulations to appeal to diverse consumer tastes. Introducing specialty and artisanal cold cuts has gained traction, attracting consumers interested in unique flavor profiles and high-quality ingredients. Developing plant-based deli meat alternatives also reflects a broader trend toward vegetarian and vegan diets, further expanding the market's reach. These innovations enhance product variety and encourage trial and repeat purchases among consumers.

Expanding distribution channels is another important driver of growth in the industry. Supermarkets and hypermarkets dominate the retail landscape, accounting for a significant share of deli meat sales. E-commerce has also transformed how consumers purchase deli meats, with online grocery shopping becoming increasingly popular. This shift allows consumers to access a broader range of products from the comfort of their homes, enhancing convenience and driving sales growth. Furthermore, partnerships between retailers and food brands have facilitated greater visibility and availability of deli meat products.

Regional dynamics also influence the growth of the industry. Due to established eating habits and extensive distribution networks, North America remains a stronghold for deli meat consumption. However, emerging markets in Asia-Pacific are projected to experience rapid growth as consumer preferences shift toward Western-style diets that incorporate deli meats. The increasing disposable income in these regions enables consumers to explore new culinary experiences, thus driving demand for deli meat products.

The impact of lifestyle changes is another critical driver for industry growth. As more people adopt fast-paced lifestyles characterized by longer working hours and increased mobility, there is a greater reliance on convenient food options like deli meats. The trend toward snacking and on-the-go meals has further solidified the role of deli meats as essential components in modern diets. This evolving consumer behavior underscores the importance of adaptability within the deli meat market as it responds to ongoing shifts in dietary patterns and preferences.

One of the most significant challenges for the industry is the growing health concerns associated with processed meats. Research has linked the consumption of processed meats to increased risks of various health issues, including heart disease, cancer, and obesity. The World Health Organization (WHO) has classified certain processed meats as carcinogenic, which has heightened public awareness and concern about their health implications. This shift in consumer perception leads many to seek alternatives, such as plant-based proteins or fresh, minimally processed meats, thereby reducing demand for traditional deli meats.

The rise of plant-based diets has introduced intense competition for the deli meat market. Alternatives such as tofu, tempeh, and lab-grown meats are gaining popularity among consumers looking for healthier or more sustainable options. This competition threatens traditional deli meats' market share and compels manufacturers to innovate and diversify their product offerings to retain consumer interest. As more consumers gravitate toward these alternatives, deli meat producers may face declining sales unless they can effectively respond to this trend.

Product Insights

The cured deli meat segment dominated the market in 2023. One primary reason for the increasing popularity of cured meats is their convenience. Cured meats, such as salami, prosciutto, and various sausages, are often ready to eat or require minimal preparation. As lifestyles become busier, consumers gravitate toward quick meal solutions that fit their hectic schedules. The demand for convenient and ready-to-eat foods has surged, making cured meats attractive for those seeking easy meal components or snacks.

Cured meats are deeply embedded in culinary traditions worldwide, particularly in Mediterranean, Spanish, and Italian cuisines. The rise of gourmet food culture has further popularized these products as consumers seek authentic flavors and artisanal quality. Culinary trends emphasizing charcuterie boards and gourmet sandwiches have increased the visibility and desirability of cured meats in restaurants and at home. This cultural appreciation for cured meats has significantly influenced consumer purchasing behavior.

Uncured meat is expected to grow at a CAGR of 3.9% from 2024 to 2030. Although not as popular as cured meat, uncured meat still has a sizable market share, given the growing concerns with processed foods. Shifting dietary preferences plays a significant role in the growth of uncured meat consumption. As more individuals adopt diets emphasizing whole foods and lean proteins while reducing processed foods, uncured meats align well with these dietary goals. The rise of snacking culture also supports this trend, as uncured meat products can serve as high-protein snacks that cater to on-the-go lifestyles. This alignment with contemporary dietary trends further enhances the appeal of uncured meats over their cured counterparts.

Uncured meats offer culinary versatility that appeals to both home cooks and professional chefs. Many consumers appreciate the ability to customize flavors without the strong taste imparted by traditional curing methods. This versatility allows uncured meats to be used in a variety of dishes, from sandwiches to salads, without overwhelming other ingredients. As culinary trends evolve toward fresh and innovative cooking styles, uncured meats fit seamlessly into this narrative, allowing for greater creativity in meal preparation.

Distribution Insights

Supermarkets and hypermarkets dominated the industry, accounting for over 35% of market sales. These large retail environments provide consumers with a one-stop shopping experience, allowing them to purchase various products, including deli meats, in a single visit. The convenience of having multiple product options under one roof, along with promotional discounts and in-store sampling, enhances consumer engagement and encourages purchases. The growth of this channel is driven by consumers' preference for convenience and the ability to physically inspect products before buying, which is particularly important for perishable items like deli meats.

Online distribution of deli meat is expected to grow at a CAGR of 3.5% from 2024 to 2030. The online retail channel is experiencing rapid growth, fueled by the increasing popularity of e-commerce and changing consumer shopping habits. Online grocery shopping offers unparalleled convenience, allowing consumers to order deli meats from the comfort of their homes and have them delivered directly to their doorsteps. This channel particularly appeals to busy individuals and families who may not have the time to visit physical stores. Additionally, online platforms often provide access to a wider variety of deli meat options, including specialty and international products that may not be available in local stores. The projected growth rate for online sales in the deli meat market reflects the increasing integration of technology into everyday shopping experiences.

Specialty stores focus on high-quality or niche products, including gourmet deli meats. These stores attract consumers seeking unique flavors, artisanal products, or organic options not typically found in larger supermarkets. The personalized service often provided in specialty stores enhances the shopping experience, as knowledgeable staff can offer product recommendations and information. As consumers become more discerning about their food choices and seek out premium products, specialty stores are well-positioned to capitalize on this trend, contributing to their growth within the deli meat market.

Source Insights

Pork was the largest source of deli meat, accounting for over 44% of the global share in 2023. One of the primary drivers of growth in the deli pork market is the increasing demand for convenient, ready-to-eat food options. As lifestyles become busier, consumers seek quick meal solutions requiring minimal preparation. Deli pork products, such as pre-sliced ham and salami, fit perfectly into this trend, providing a convenient option for sandwiches, salads, and other meals. The popularity of grab-and-go meals has further fueled this demand, making deli pork an attractive choice for time-pressed consumers looking for easy meal components.

Chicken as a source of deli meat is expected to grow at a CAGR of 4.8% from 2024 to 2030. Consumers are becoming more health-conscious and are actively seeking lean protein sources to incorporate into their diets. Chicken is often perceived as a healthier alternative to red meats due to its lower fat content and high protein levels. This perception drives the demand for deli chicken products, which are marketed as nutritious options suitable for various dietary preferences. Additionally, the rise of health trends emphasizing high-protein diets has further increased interest in deli chicken as a versatile ingredient that can be used in salads, sandwiches, and wraps. 

Deli Meat Market Size, By End Use, by source, 2023 (%)

Beef deli meat is also popular and extensively consumed in Western countries. Culinary trends emphasizing gourmet experiences and diverse flavors are contributing to the growth of the deli beef market. Deli beef can be used in various culinary applications beyond traditional sandwiches, such as charcuterie boards, pasta dishes, and breakfast items. This versatility allows consumers to experiment with different recipes and flavors, enhancing the appeal of deli beef products. As culinary trends evolve toward more diverse and creative meal preparations, the demand for versatile ingredients like deli beef continues to grow.

Regional Insights

North America deli meat market accounted for over 30% of the revenue share in 2023. The rising demand for convenience foods primarily drives the deli meat industry in North America. Busy lifestyles have led consumers to seek quick meal solutions that require minimal preparation, such as pre-packaged deli meats for sandwiches and salads. The region's extensive network of supermarkets and hypermarkets facilitates easy access to a wide variety of deli meat products, further enhancing consumer convenience. Additionally, a growing trend toward health-conscious eating is growing, with consumers increasingly favoring high-protein options. This combination of convenience and health awareness supports North America's robust growth of the deli meat market, where it is projected to maintain a significant share due to these evolving consumer behaviors.

Deli Meat Market Trends, by Region, 2024 - 2030

U.S. Deli Meat Market Trends

The deli meat market in the U.S. is expected to exceed USD 80 billion by 2030. The U.S. market has seen significant product innovation, with manufacturers introducing new flavors, types, and formulations to attract a broader audience. The availability of diverse options, including gourmet flavors, organic varieties, and specialty products, appeals to consumers looking for unique culinary experiences. This continuous innovation enhances consumer choice and encourages trial purchases, contributing to the market's overall growth.

Asia Pacific Deli Meat Market Trends

The deli meat market in Asia Pacific is expected to grow at a CAGR of 5.1% from 2024 to 2030. The Asia-Pacific region is experiencing rapid growth due to changing dietary habits and increasing urbanization. As more consumers adopt Western eating patterns, there is a growing interest in convenient food options like deli meats. The rise of fast-food culture and busy lifestyles has increased demand for ready-to-eat products that can be easily incorporated into meals. Furthermore, the expansion of modern retail formats and e-commerce platforms provides greater access to various deli meats, catering to consumers' evolving tastes. This shift toward convenience and variety supports significant growth potential for the deli meat market in this region.

Key Deli Meat Company Insights

The competitive landscape of the deli meat industry is characterized by ongoing product innovation. Companies continuously develop new flavors and healthier options to meet consumer demand for convenience and quality. Additionally, the rise of e-commerce has prompted many players to enhance their online presence, making it easier for consumers to access various deli meat products. As consumer preferences shift toward healthier eating habits and convenient meal solutions, these key players are well-positioned to capitalize on growth opportunities within the deli meat market through strategic partnerships, product diversification, and expansion into emerging markets.

Key Deli Meat Companies:

The following are the leading companies in the deli meat market. These companies collectively hold the largest market share and dictate industry trends.

  • Hormel Foods Corporation
  • Cargill Incorporated
  • Tyson Foods, Inc.
  • JBS S.A.
  • Maple Leaf Foods, Inc.
  • Conagra Foodservice
  • American Foods Group, LLC
  • Carl Buddig Co.
  • West Liberty Foods LLC
  • Dietz & Watson

Deli Meat Market Report Scope 

Report Attribute

Details

Market size value in 2024

USD 257.13 billion

Revenue forecast in 2030

USD 331.02 billion

Growth rate (Revenue)

CAGR of 4.3% from 2024 to 2030

Actuals

2018 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD million/billion, and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, source, distribution and region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S, Canada, Mexico, Germany, U.K., France, Italy, Spain, China, Japan, India, Australia & New Zealand, South Korea, Brazil, Saudi Arabia

Key companies profiled

Hormel Foods Corporation, Cargill Incorporated, Tyson Foods, Inc., JBS S.A., Maple Leaf Foods, Inc., Conagra Foodservice, American Foods Group, LLC, Carl Buddig Co., West Liberty Foods LLC, Dietz & Watson, Best Cooking Pulses Inc., The Andersons Inc., Legumex Walker Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Deli Meat Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and analyzes the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global deli meat market report based on product, source, distribution and region.

Global Deli Meat Market Report Segmentation

  • Product Outlook (Revenue, USD Billion, 2018 - 2030)

    • Cured Deli Meat

    • Uncured Deli Meat

  • Source Outlook (Revenue, USD Billion, 2018 - 2030)

    • Pork

    • Chicken

    • Beef

    • Others

  • Distribution Outlook (Revenue, USD Billion, 2018 - 2030)

    • Supermarkets & Hypermarkets

    • Convenience Stores

    • Specialty Stores

    • Online Retailers

  • Regional Outlook (Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia & New Zealand

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

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