Meat Snacks Market Share, Current Industry Status, Future Investments, Business Opportunities, Forecast To 2024

Posted January 30, 2020 by nikhilk

Meat Snacks Market accounted for USD 5.0 billion in 2018 and is expected to register 3.7% CAGR during the forecast period, 2019 to 2024, Global Meat Snacks Market Research Report: Information by Product Type, Source, Distribution Channel and Region

Meat Snacks Market Overview

Meat snacks Market are prepared from meat products such as pork, beef, poultry, and other meat products which are available in a variety of products such as sausages, sticks, jerky, and others. Meat snacks are rich in protein content which serves as a good alternative for raw and cooked meat products. Different type of flavors such as peppered and teriyaki are attracting a huge number of consumers towards meat snack products.

Market Forecast

The consumption of convenience food and savory snacks is increasing rapidly owing to changing lifestyle and busy schedule, which has surged in the demand for Meat Snacks Market Share. Also, high acceptance for the use of meat ingredient to prepare snacks is adding fuel to the growth of the meat snacks market. Additionally, high protein content in meat snacks helps in muscle building, thus making a trend towards fitness; this is likely to drive the growth of meat snacks market over the review period.

Furthermore, increasing demand for nutritive snacks and their awareness towards health is boosting the market of meat snacks. However, health concerns such as obesity and heart-related problems caused due the consumption of meat snacks among the consumers may hamper the market growth over the forecast period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.8% of meat snacks market during the forecast period 2017-2023.

Downstream analysis

Meat Snacks Market are segmented based on type, which includes sausages, sticks, jerky, and others. Among all, jerky holds the major market share followed by sausages. The primary reason for the growth of jerky is their high consumption by athletes, runners and weightlifters after exercise owing to a high amount of protein.

Based on flavors, the Meat Snacks Market is segmented into teriyaki, peppered, original, and others. Among all the flavors, peppered flavor is dominating the market owing to high consumer preference towards peppered flavor.

Competitive analysis

The major players in Meat Snacks Market

Marfood USA, Inc. (U.S.)
Link Snacks, Inc. (U.S.)
Conagra Brands, Inc. (U.S.)
Hormel Foods Corporation (U.S.)
Bridgford Foods Corporation (U.S.)
Meatsnacks Group Ltd. (U.K)
Golden Valley Dairy Products (U.S.)
Monogram Food Solutions, LLC. (U.S.)
Nestlé USA, Inc. (U.S.)
Oberto Sausage Co, Inc. (U.S.)
Regional Analysis

The global Meat Snacks Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the global meat snacks market followed by Europe. North America is dominating the meat snacks market followed by Europe. The U.S. has been accounted for a higher consumption of meat snacks owing to increase in the consumption of convenience due to changing lifestyle and busy schedule. Also, growing awareness about the benefits of consuming healthy snacks is projected to surge in the demand for meat snacks over the review period. Furthermore, high consumption of meat products is considered to be key driving factor in this region.

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Moreover, increasing consumer awareness towards nutritive snack products has uplifted the demand for meat snacks in European countries like the U.K, and Germany which is likely to boost the growth of the meat snacks market during the review period. Additionally, approval for the use of meat products in snacks by the regulatory authorities is projected to raise the growth of the meat snacks market.

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Tags meat snacks market , meat snacks market forecast , meat snacks market region , meat snacks market segments , meat snacks market share , meat snacks market size , meat snacks market trends
Last Updated January 30, 2020