According to Circana retail data analysis, prices for packaged lunchmeat averaged $6.28 per pound in June 2023, an increase of 7.4% for the category compared with June 2022.
The COVID-19 pandemic is upending deli operations, but strong meat and poultry revenue opportunities remain for operators who adjust to the changing landscape.
After years of increasing revenues, prepared-foods activity is crashing as consumers switch to homemade meals as they seek safety and savings in response to the COVID-19 pandemic.