In the last three month leading to September 2024, ** percent of UK consumers said they were intending to make fewer purchases. A further ** percent of the participants stated that they were going to eat out less and buy cheaper items in the same stores.

In a 2022 survey, U.S. consumers cut spending in many categories. It was the most common for consumers to reduce spending for food and groceries. Only about ** percent of consumers reported cutting back their spending for eating out and entertainment purposes.

According to a survey conducted in June 2022 in India, ** percent of urban respondents cut their expenses on clothes and accessories as the cost of living increased. Other major cost-cutting options among consumers are hobbies, leisure activities, and fuel spending.

Due to the recent wave of inflation, many consumers in the United States are cutting back on their usual spending habits, including their typical entertainment expenses. About four in ten surveyed U.S. consumers said they intended to reduce their spend at movie theatres. Around 30 percent of respondents also said they planned to spend less on concerts, sporting events, and going out at night.

Abstract (en): This survey of consumer attitudes and expectations includes detailed information on old age insurance and private pension plans and their effect on the functioning of the economy, as well as information on the respondents' actual and expected family size. Questions were asked to help determine how pension plans influenced the attitudes and behavior of people long before their retirement. Open-ended questions were asked concerning evaluations and expectations about price changes, employment, recession, and the national business situation. Additional variables probe respondents' buying intentions for a house, automobiles, appliances, and other consumer durables, as well as respondents' appraisals of present market conditions for purchasing these items. Other variables probe respondents' opinions on a proposed government tax reduction and its effect on business conditions or employment, their own financial status relative to the previous year, and the Cold War between the former Soviet Union and the West. Data are also provided on respondents' house maintenance, total liquid assets, and savings and investments. Demographic variables provide information on age, sex, race, marital status, religion, education, occupation, and family income. All families living in continental United States dwelling units, exclusive of those on military reservations. One respondent from each family unit in the dwellings sampled, usually the head of the family, or the wife. The dwelling units were selected by area probability sampling from 73 primary sampling units. For each dwelling unit in the sample, an interview was sought with a respondent from the primary family and from each secondary family (if any). The head of the family (usually the husband) was the preferred respondent, but the wife could substitute if the head was not readily available. The codebook is provided by ICPSR as a Portable Document Format (PDF) file. The PDF file format was developed by Adobe Systems Incorporated and can be accessed using PDF reader software, such as the Adobe Acrobat Reader. Information on how to obtain a copy of the Acrobat Reader is provided on the ICPSR Web site.

Due to 2022's new wave of inflation, many consumers in the United States are cutting back on their usual and planned travel expenses. About four in ten surveyed U.S. consumers said they intended to reduce the amount of time they spent driving to save on gasoline. Just over a third of Americans also stated they planned to take fewer vacations in order to cope with rising travel costs.

This holiday season, more than half of U.S. and Canadian consumers were intending to cut back on their Black Friday and Christmas shopping spending to varying degrees due to the impact of rising inflation rates. Only **** in ** consumers said they did not plan reducing their holiday season spending.

Classic Steak Cuts Market Outlook

The global market size for classic steak cuts is projected to grow from USD 37.2 billion in 2023 to USD 52.6 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 3.9%. This growth factor is driven by increasing consumer demand for high-quality meat products, rising disposable incomes, and an expanding food service industry that emphasizes premium dining experiences. As consumers become more discerning about their meat choices, the preference for specific steak cuts has seen a significant rise, further propelling market growth.

One of the primary growth factors in the classic steak cuts market is the increasing demand for premium quality meat. Consumers are now more knowledgeable about different steak cuts and their attributes, leading to a heightened preference for higher-grade, well-marbled steaks. This trend is supported by the rising popularity of gourmet cooking and dining at home, which has been further accelerated by the COVID-19 pandemic. Many consumers, unable to dine out, have invested in premium meats to recreate fine dining experiences at home, thereby boosting the market for classic steak cuts.

Additionally, the growth of the food service industry is a significant factor contributing to the market's expansion. Restaurants, steakhouses, and hotels are increasingly offering a wide variety of steak cuts to cater to diverse consumer preferences. The emergence of specialized steak restaurants and the inclusion of premium steak cuts in the menus of mainstream restaurants are indicative of this trend. This demand from the food service sector is pivotal in driving the market for classic steak cuts, as establishments seek to provide unique and high-quality dining experiences to attract and retain customers.

Another crucial factor is the rising disposable incomes and changing lifestyles, particularly in developing regions. As more consumers attain higher income levels, their spending on premium food products, including steak cuts, increases. This is particularly evident in regions like Asia Pacific, where rapid economic growth has led to increased consumer spending on luxury food items. The shift towards high-quality food products, coupled with growing awareness about different steak cuts, is expected to sustain market growth over the forecast period.

The T-bone Wagyu Steak is an exemplary choice for those seeking a luxurious dining experience. Known for its unique T-shaped bone and the combination of tenderloin and strip steak, the T-bone Wagyu offers a rich, buttery flavor that is unmatched. This steak cut is particularly favored in high-end restaurants and gourmet kitchens, where chefs can showcase its exquisite marbling and tenderness. As the demand for premium steak cuts continues to rise, the T-bone Wagyu stands out as a symbol of opulence and quality, attracting connoisseurs who appreciate the finer aspects of beef. Its growing popularity is a testament to the evolving consumer palate, which increasingly values both the heritage and the superior taste of Wagyu beef.

In terms of regional outlook, North America currently holds the largest market share, driven by a well-established meat industry and high consumer awareness about steak quality. Europe follows closely, with a strong tradition of gourmet dining and high consumption of beef. However, the Asia Pacific region is expected to witness the highest growth rate, fueled by rising disposable incomes and a growing appetite for premium meat products. Latin America and the Middle East & Africa, though currently smaller markets, are also anticipated to grow steadily, driven by urbanization and increasing consumer demands for diverse culinary experiences.

Type Analysis

The type segment in the classic steak cuts market encompasses various steak cuts such as Ribeye, T-Bone, Filet Mignon, Sirloin, New York Strip, and Others. Each of these cuts has its unique characteristics and flavor profiles, which cater to different consumer preferences. Ribeye, known for its rich marbling and robust flavor, is highly sought after by steak enthusiasts. Its popularity is driven by the tenderness and succulence it offers, making it a favorite choice for both households and high-end restaurants.

T-Bone steaks, characterized by their distinctive T-shaped bone and combination of tenderloin and strip steak, appeal to consumers looking for a two-in-one steak experience. This cut is particularly popular in steakho

Deli Foods Market Outlook

The global deli foods market size was valued at USD 200 billion in 2023 and is projected to reach USD 320 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2032. The robust growth of the global deli foods market can be attributed to the rising consumer demand for ready-to-eat and convenient food options, driven by accelerating urbanization, increasing disposable incomes, and the fast-paced lifestyle of the modern consumer.

One of the primary growth factors driving the deli foods market is the growing preference for nutritious and delicious food that requires minimal preparation time. With more consumers prioritizing health and wellness, deli foods such as salads, lean meats, and gourmet cheeses have become increasingly popular. Additionally, the food service industry's expansion, including restaurants, cafes, and quick-service outlets, has heightened the demand for high-quality deli products to meet consumer expectations for diverse and flavorful meal options.

The increasing sophistication and innovation in food processing and preservation technologies have also significantly contributed to the market's growth. Advanced packaging solutions that extend the shelf life of deli foods without compromising quality have enabled retailers and brands to offer a wider variety of products and reduce food wastage. Furthermore, the integration of technology in supply chain management has improved the efficiency and traceability of deli foods, thus enhancing consumer confidence in product safety and quality.

Consumer trends towards premiumization and the indulgence factor are also propelling the market forward. Shoppers are willing to spend more on premium deli products that offer superior taste, organic ingredients, and unique flavors. This trend is especially pronounced in metropolitan areas where there is a higher per capita income and a greater propensity to experiment with gourmet and exotic food items. Moreover, the growing trend of social dining and events has bolstered the demand for deli platters and pre-prepared party foods that cater to the needs of modern consumers looking for convenience and high-quality offerings.

Pre-packaged Sandwiches have become a pivotal component of the deli foods market, catering to the increasing demand for convenient and ready-to-eat meal options. These sandwiches offer a quick and satisfying solution for consumers who are constantly on the move, providing a balanced combination of proteins, vegetables, and grains. The versatility of pre-packaged sandwiches allows for a wide variety of flavors and dietary preferences, making them a popular choice among health-conscious individuals and those seeking a quick meal fix. Retailers have responded to this demand by expanding their offerings, introducing gourmet and artisanal options that appeal to a broader audience. As urbanization continues to rise, the convenience and accessibility of pre-packaged sandwiches are expected to drive further growth in this segment.

Regionally, the market dynamics vary significantly, with North America and Europe holding the largest market shares due to their well-established food service industries and high consumer spending on gourmet foods. However, the Asia Pacific region is anticipated to exhibit the fastest growth rate during the forecast period, driven by rapid urbanization, a growing middle class, and increasing adoption of Western eating habits. Latin America and the Middle East & Africa are also expected to witness healthy growth due to rising disposable incomes and expanding retail infrastructure.

Product Type Analysis

The deli foods market can be categorized into several product types, including meats, cheeses, prepared foods, sandwiches, salads, and others. Each segment has its unique market drivers and consumer preferences that contribute to the overall growth of the deli foods market.

The meats segment dominates the deli foods market, primarily due to the enduring popularity of cold cuts, sausages, and specialty meats. Consumers appreciate the convenience, variety, and taste offered by deli meats, which can be used in a wide range of dishes and snacks. The segment is also experiencing growth due to increasing consumer preference for high-protein diets and the introduction of healthier, low-fat alternatives that cater to health-conscious individuals.

Cheeses constitute another significant segment within the deli foods market. Art

During a February online survey among buy-side advertising decision-makers handling annual ad budgets of at least 250 thousand U.S. dollars in the United States, approximately 40 percent of the participants said they expected the retail and e-commerce industry to cut its ad spending that year due to tariffs. The consumer electronics segment and the media and entertainment sector followed, mentioned by 33 and 28 percent of the respondents, respectively.

Mexico Consumer Price Index (CPI): Food: Meat: Cold Cuts, & Dried Sausages (CDS) data was reported at 163.387 Jun2002=100 in Dec 2010. This records an increase from the previous number of 162.819 Jun2002=100 for Nov 2010. Mexico Consumer Price Index (CPI): Food: Meat: Cold Cuts, & Dried Sausages (CDS) data is updated monthly, averaging 46.246 Jun2002=100 from Jan 1980 (Median) to Dec 2010, with 372 observations. The data reached an all-time high of 163.387 Jun2002=100 in Dec 2010 and a record low of 0.187 Jun2002=100 in Jan 1980. Mexico Consumer Price Index (CPI): Food: Meat: Cold Cuts, & Dried Sausages (CDS) data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.I005: Consumer Price Index: 2002=100.

Graph and download economic data for Monthly Share of Prime-Age U.S. Workers Who Leave the Labor Force After a Quit (EMSHRNQP) from Jan 1978 to Jun 2025 about flow, labor force, labor, unemployment, employment, and USA.

According to a 2023 survey, ** percent of U.S. consumers reduced their nonessential spending while grocery shopping. Older grocery shoppers seemed to report a higher share of cutting down on nonessential groceries compared to younger shoppers.

Constellation Brands revises its yearly sales forecast due to inflation-related shifts in consumer spending, impacting its popular Corona and Modelo beer lines.

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Cold Cuts Market Size 2024-2028

The cold cuts market size is forecast to increase by USD 174.2 billion at a CAGR of 9.45% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for convenient and packaged food options. Consumers' preference for healthy and natural cold cuts is another key trend driving market growth. However, competition from alternative protein sources, such as plant-based and lab-grown meats, poses a challenge to market players. To stay competitive, companies must focus on product innovation, sustainability, and transparency to meet evolving consumer preferences. The market analysis also highlights the importance of strategic partnerships and collaborations to expand product offerings and reach new customer bases. Overall, the market is expected to continue its growth trajectory, driven by these key trends and challenges.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a wide range of precooked and cured meat products, including luncheon meats, deli meats, and sliced meats. These meat varieties are popular for their convenience and versatility, finding their way into sandwiches, salads, and appetizers. Urban populations, particularly working women from the upper middle class, frequently opt for these chilled cold cuts as a quick and convenient lunch option. The demand for high-quality ingredients and health awareness has led to the emergence of specialty markets catering to consumers seeking natural cuts, hormone-free, and antibiotic-free options. Clean labeling is a priority for many consumers, leading to an increased preference for meatless choices and plant-based diet alternatives in the market.
Moreover, the market dynamics of cold cuts are influenced by various factors, such as changing consumer preferences, health trends, and the rise of packaged food. The convenience and versatility of cold cuts make them a staple in many households, and their popularity is expected to continue. However, the increasing awareness of health and wellness is driving the demand for healthier alternatives, including gluten-free and vegetarian options. In summary, the market is a dynamic and evolving industry, shaped by consumer preferences, health trends, and the convenience factor. The market caters to a diverse range of consumers, from urban populations to health-conscious individuals, and offers a variety of meat and meatless choices to meet their needs. The industry continues to innovate and adapt to changing consumer demands, offering high-quality, natural, and healthier options to meet the evolving needs of consumers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Deli cold cuts
  Packaged cold cuts


Distribution Channel

  Offline
  Online


Geography

  Europe

    Germany
    France
    Sweden


  North America

    US


  APAC



  Middle East and Africa



  South America

By Product Insights

The deli cold cuts segment is estimated to witness significant growth during the forecast period.

Deli cold cuts, including ham, sausages, chicken breast, and various other varieties such as corned beef, bologna, and salami, are preferred over prepackaged options due to their perceived freshness and minimal preservatives. These chilled, high-quality ingredients are popular among urban populations for their convenience and versatility. Deli cold cuts are sliced freshly for customers, ensuring a natural, hormone-free, and antibiotic-free product. Consumers prioritize clean labeling and heritage breeds when making purchasing decisions, reflecting a growing health consciousness. Deli cold cuts are an excellent source of proteins, vitamin B12, and minerals like Zinc and iron. Their freshness sets them apart from packaged cold cuts, making them a convenient and nutritious choice for busy individuals.

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The deli cold cuts segment was valued at USD 140.30 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 42% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European market for cold cuts, including luncheon meats, deli meats, and sliced meats, holds a significant share in the global industry. Key European countries, such as Germany, Italy, the UK, and Fra

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Analyzing the Potential Effects of Layoffs on Verizon Stock

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The global bacon and cold cuts market is a substantial and dynamic sector, characterized by consistent growth driven by several key factors. Rising disposable incomes, particularly in developing economies, fuel increased consumer spending on convenient and protein-rich foods like bacon and cold cuts. Changing lifestyles, with busier schedules and a greater demand for ready-to-eat options, further boost market demand. Innovation in product offerings, such as healthier alternatives with reduced sodium or fat content, caters to evolving consumer preferences and expands the market's appeal. The prevalence of processed meat in various cuisines worldwide also contributes significantly to market expansion. However, growing health concerns surrounding the consumption of processed meats and increasing awareness of the health risks associated with high sodium and saturated fat intake pose a challenge. Furthermore, stringent regulations regarding food safety and labeling can impact market profitability and growth. Despite these challenges, the market demonstrates significant resilience. Major players like JBS, WH Group Limited, and Tyson Foods continue to invest in research and development to enhance product quality, introduce innovative flavors, and expand their product lines. The industry is also witnessing a rise in the demand for organic and locally sourced bacon and cold cuts, indicating a shift towards more sustainable and ethically produced products. This trend is likely to shape the future of the market, driving growth in niche segments. Geographic expansion into emerging markets and strategic partnerships present additional opportunities for market growth over the forecast period. Considering a conservative CAGR of 3% (a typical rate for mature food markets, though this would require additional information to refine), and a starting market size in 2025 of $50 billion (a reasonable estimate based on industry reports), the market could reach approximately $60 billion by 2033. This demonstrates a considerable opportunity for growth and investment within the bacon and cold cuts sector.

Brazil CES: Household Food Acquisition per Capita: Poultry & Eggs: Poultry: Cuts in Peru data was reported at 0.083 kg in 2008. This records an increase from the previous number of 0.062 kg for 2002. Brazil CES: Household Food Acquisition per Capita: Poultry & Eggs: Poultry: Cuts in Peru data is updated yearly, averaging 0.073 kg from Jun 2002 (Median) to 2008, with 2 observations. The data reached an all-time high of 0.083 kg in 2008 and a record low of 0.062 kg in 2002. Brazil CES: Household Food Acquisition per Capita: Poultry & Eggs: Poultry: Cuts in Peru data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Domestic Trade and Household Survey – Table BR.HC018: Consumer Expenditure Survey: Household Food Acquisition per Capita.

According to Cognitive Market Research, the global Cold Cuts Market size will be USD 514215.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 205686.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 154264.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 118269.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 25710.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 10284.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
The packaged product type category is the fastest growing segment of the Cold Cuts industry

Market Dynamics of Cold Cuts Market

Key Drivers for Cold Cuts Market

Increasing health consciousness about food to Boost Market Growth

The market is expanding primarily due to customer demand for low-fat and low-sodium products and growing health consciousness. Growing awareness among consumers of the harmful effects of eating processed meats often contain excessive levels of fat and sodium. Producers have responded to consumer demand by introducing low-fat and low-sodium variants of cold cuts. Major market companies have responded by allocating resources to research and development in order to produce healthier product versions that cater to consumers who prioritize their health. Globally, this trend has been reinforced by government regulations requiring manufacturers to provide nutritional information on product labels. Due to this, people are now more conscious of the nutritional worth of the food they eat, which has also increased consumer awareness. It is expected that while making dietary decisions, consumers would continue to put their health and wellbeing first. As a result, this will accelerate market expansion during the projected time frame.

Cold Cuts Refrigerated Undermine Frozen Types to Drive Market Growth

In the past, certain consumers' preferences did not include cold cuts due to factors like flavor, availability, and cost. But in the last five years, there has been a significant change, particularly in major urban areas. Fresh and chilled cold cuts are much preferred by many consumers than frozen ones, mostly because of their better flavor and nutritional value. Although fresh cold cuts were traditionally sourced only from specialty markets and butcher shops, regular grocery stores are now following suit. To satisfy the increasing demand for premium, fresh cold cuts, a few of these retailers are also opening charcuterie counters. This is increasing the size of the cold cuts market even more.

Restraint Factor for the Cold Cuts Market

Competition from Alternative product, will Limit Market Growth

One of the main obstacles preventing the market from growing is competition from substitute products. Plant-based substitutes are meeting consumer demand for goods that are more ecologically friendly, healthier, and cruelty-free for animals. Cold-cut manufacturers are under pressure to innovate and develop healthier and more sustainable products because of the competition from plant-based alternatives. Cold-cut manufacturers face the danger of losing market share to plant-based substitutes if they do not adjust to these shifting consumer demands. Therefore, it is expected that these factors will hinder market growth throughout the projection period.

Impact of Covid-19 on the Cold Cuts Market

The COVID-19 pandemic has had an unprecedented and catastrophic worldwide impact. Demand for cold cuts has exceeded expectations in every region when compared to pre-pandemic levels. The market for cold cuts was also impacted. Cafes, restaurants, and delis are among the establishments in the food-service sector that were significantly impacted by the pandemic. Many businesses had to stop or reduce their operations, which resulted in a d...

Graph and download economic data for Monthly Share of All U.S. Workers Who Leave the Labor Force After a Layoff (EMSHRNLA) from Jan 1978 to Jun 2025 about flow, labor force, labor, unemployment, employment, and USA.