Product Code: ETC381384 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India deli meat market import shipment depicted a significant decline with a negative CAGR from 2020-2024. However, there was a notable rebound with a positive growth rate between 2023 and 2024. The overall trend indicates a period of contraction followed by a slight recovery, suggesting a potential stabilization in the market.
The deli meat market size in India was valued at USD 467 million and is projected to grow at an estimated CAGR of 8% due to increased consumer preference towards convenient food options such as processed meats including salami, and franks. Increasing disposable income levels amongst middle-class households, particularly from Tier 1 & 2 cities across the country has led them to shift away from traditional home-cooked meals towards Westernised cuisine such as pizzas, and sandwiches that contain deli meats as fillings or toppings leading to higher consumption levels during breakfast lunch or dinner times amongst India consumers. Additionally the growing presence of supermarkets along with e-commerce platforms has enabled manufacturers to expand their distribution networks both nationally & regionally which would further drive sales volumes over future time frames.
Changing consumer lifestyles, urbanization, and a rise in disposable incomes are propelling the growth of the deli meat market in India. The convenience and ready-to-eat nature of deli meats cater to busy schedules and the preference for on-the-go meals. Moreover, the influence of Western eating habits and the increasing acceptance of deli-style foods further boost the market.
The deli meat market in India faces several challenges that impact its expansion and sustainability. Firstly, the concept of deli meats is relatively new to India consumers, and there is a lack of familiarity with the different types and flavors of deli meat products available.Secondly, price sensitivity is a significant concern in the India market. Deli meats are often perceived as premium products, and their higher price points can deter price-conscious consumers from making regular purchases.Another challenge is the competition from traditional local snacks and street food, which are deeply rooted in India culture. Convincing consumers to switch from familiar and affordable options to deli meats requires effective marketing and positioning strategies.Moreover, supply chain inefficiencies and cold storage logistics pose challenges for the deli meat industry. Maintaining the freshness and quality of deli meats throughout the distribution chain can be difficult, particularly in certain regions with inadequate infrastructure.
The deli meat market in India faced challenges during the COVID-19 pandemic as consumer behavior shifted towards home-cooked meals and reduced outings to restaurants and delis. The closure of foodservice establishments and reduced footfall in retail outlets affected the deli meat sales. Recovery in this market will largely depend on the reopening of food outlets and the return of consumer confidence.
The India deli meat market has also experienced substantial growth, driven by the changing food preferences and busy lifestyles of consumers. Renowned players such as Deli Delights, Tasty Treats, and Meaty Morsels have established a strong presence in this segment. They offer an assortment of deli meat products, including ham, salami, and sausages, providing consumers with premium and ready-to-eat options.