The meat snacks industry is growing epic, with innovative flavours to unique protein and ingredients. Millennia are driving the snacking trend, and they prefer less processed items with more natural and lower-sodium ingredients with taste and trendy flavours. The escalating demand for convenient and healthy snacking items on account of hectic lifestyles and inflating disposable incomes represents one of the significant factors propelling the global meat snacks market growth. According to the publisher, Global Meat Snacks Market will be US$ 14.31 Billion by 2027.
Based on Product - Jerky Meat segment holds the Largest Market Share
The global meat snacks industry is segmented into Sticks, Jerky, Bars, and Others. The jerky segment dominated the market and held the largest market share, as various types of meat jerky were made available quickly. Traditionally jerky was marketed as an affordable, flavoursome snack and convenient and was primarily available at gas stations and convenience stores.
Apart from this, meat sticks are considered the fastest-growing market segment. Consumers are increasingly purchasing ready-to-eat meat sticks and bars snacks from traditional grocery stores or supermarkets. Meat sticks and bars snacks have many flavours and recipes packed very attractively to draw customers' attention. The huge protein content in the product acts as a vitality booster which boosts the sales of meat snacks. As per this research report, the Worldwide Meat Snacks Market size will grow with a CAGR of 5.95% during (2020-2027).
Regional Analysis of Meat Snacks Industry
The Asia Pacific is seeing a rise in the rate of snack food consumption, the surge in demand for convenience food products, wherein meat snacks are seen as primary food products in China. The increase in meat snack consumption in China is partly attributable to a change in consumer eating habits; many young consumers found it more convenient to eat hardier snacks and less frequent meals. The prevalence of meat snacks in China is rising.
Besides, the United States is the largest market for meat snacks in North America. According to The Simmons National Consumer Survey (NHCS) the United States Census, 50.0% of the U.S. population, nearly 160 Million people, eats meat snacks and beef jerky regularly. In the U.S., jerky was one of the most popular meat appetizers in 2020. As per the research findings, Global Meat Snacks Industry was US$ 9.55 Billion in 2020.
Impact of COVID-19 on Global Meat Snacks Market
The spread of the coronavirus pandemic (COVID-19) is a vital rise in the demand for packaged food items, such as meat snacks. Still, disrupted supply chains and inadequate workforce shortages are hampering market growth. Nevertheless, the market is expected to revive once normalcy is regained.
Nestlé Group, Hormel Foods, Conagra Brands, Bridgford Foods, and Hershey lead the meat snacks market. Major players have focused on long-term strategies, flavours, innovation, and product involvement, as the market demand is shifting toward a region-specific and exotic range of tastes.
This latest report “Global Meat Snacks Market by product (Jerky, Sticks, Bars, and Others), Nature (Organic, Conventional), Distribution Channel (Off-Line and On-Line), Region ( North America, Europe, Asia Pacific and Others), Company Analysis (Nestlé Group, Hormel Foods, Conagra Brands, Bridgford Foods and Hershey)” provides complete details on Global Meat Snacks Industry.
Product - Market breakup from 4 viewpoints
Nature - Market breakup from 2 viewpoints
Distribution Channel - Market breakup from 2 viewpoints
Region - Market breakup from 4 viewpoints
1. North America
3. Asia Pacific
4. Rest of World
All key players have been covered from 3 viewpoint
- Recent Developments
- Financial Insights
1. Nestlé Group
2. Hormel Foods
3. Conagra Brands
4. Bridgford Foods
What is the estimated value of the Global Meat Snacks Market?
What is the growth rate of the Global Meat Snacks Market?
What is the forecasted size of the Global Meat Snacks Market?
Who are the key companies in the Global Meat Snacks Market?
|No. of Pages||110|
|Forecast Period||2020 - 2027|
| Estimated Market Value ( USD ||$ 9.55 Billion|
| Forecasted Market Value ( USD ||$ 14.31 Billion|
|Compound Annual Growth Rate||5.9%|
|No. of Companies Mentioned||5|
Table of Contents
6.2 By Nature
6.3 By Distribution Channel
6.4 By Region
10.3 Asia Pacific
10.4 Rest of World
11.1.2 Recent Developments
11.2 Hormel Foods
11.2.2 Recent Developments
11.3 Conagra Brands
11.3.2 Recent Developments
11.4 Bridgford Foods
11.4.2 Recent Developments
11.5.2 Recent Developments
Figure-02: Forecast for - Global Meat Snacks Market (Billion US$), 2021 - 2027
Figure-03: Product - Jerky Market (Million US$), 2017 - 2020
Figure-04: Product - Forecast for Jerky Market (Million US$), 2021 - 2027
Figure-05: Product - Sticks Market (Million US$), 2017 - 2020
Figure-06: Product - Forecast for Sticks Market (Million US$), 2021 - 2027
Figure-07: Product - Bars Market (Million US$), 2017 - 2020
Figure-08: Product - Forecast for Bars Market (Million US$), 2021 - 2027
Figure-09: Product - Others Market (Million US$), 2017 - 2020
Figure-10: Product - Forecast for Others Market (Million US$), 2021 - 2027
Figure-11: Natures - Organic Market (Million US$), 2017 - 2020
Figure-12: Natures - Forecast for Organic Market (Million US$), 2021 - 2027
Figure-13: Natures - Conventional Market (Million US$), 2017 - 2020
Figure-14: Natures - Forecast for Conventional Market (Million US$), 2021 - 2027
Figure-15: Distribution Channel - Off-Line Market (Million US$), 2017 - 2020
Figure-16: Distribution Channel - Forecast for Off-Line Market (Million US$), 2021 - 2027
Figure-17: Distribution Channel - On-Line Market (Million US$), 2017 - 2020
Figure-18: Distribution Channel - Forecast for On-Line Market (Million US$), 2021 - 2027
Figure-19: North America - Meat Snacks Market (Million US$), 2017 - 2020
Figure-20: North America - Forecast for Meat Snacks Market (Million US$), 2021 - 2027
Figure-21: Europe - Meat Snacks Market (Million US$), 2017 - 2020
Figure-22: Europe - Forecast for Meat Snacks Market (Million US$), 2021 - 2027
Figure-23: Asia Pacific - Meat Snacks Market (Million US$), 2017 - 2020
Figure-24: Asia Pacific - Forecast for Meat Snacks Market (Million US$), 2021 - 2027
Figure-25: Rest of World - Meat Snacks Market (Million US$), 2017 - 2020
Figure-26: Rest of World - Forecast for Meat Snacks Market (Million US$), 2021 - 2027
Figure-27: Nestlé Group - Global Revenue (Million US$), 2017 - 2020
Figure-28: Nestlé Group - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-29: Hormel Foods - Global Revenue (Million US$), 2017 - 2020
Figure-30: Hormel Foods - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-31: CONAGRA BRANDS - Global Revenue (Million US$), 2017 - 2020
Figure-32: CONAGRA BRANDS - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-33: Bridgford Foods - Global Revenue (Million US$), 2017 - 2020
Figure-34: Bridgford Foods - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-35: Hershey - Global Revenue (Million US$), 2017 - 2020
Figure-36: Hershey - Forecast for Global Revenue (Million US$), 2021 - 2027
Table-02: Global - Forecast for Meat Snacks Market Share by Product (Percent), 2021 - 2027
Table-03: Global - Meat Snacks Market Share by Nature (Percent), 2017 - 2020
Table-04: Global - Forecast for Meat Snacks Market Share by Nature (Percent), 2021 - 2027
Table-05: Global - Meat Snacks Market Share by Distribution Channel (Percent), 2017 - 2020
Table-06: Global - Forecast for Meat Snacks Market Share by Distribution Channel (Percent), 2021 - 2027
Table-07: Global - Meat Snacks Market Share by Region (Percent), 2017 - 2020
Table-08: Global - Forecast for Meat Snacks Market Share by Region (Percent), 2021 - 2027
- Nestlé Group
- Hormel Foods
- Conagra Brands
- Bridgford Foods
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
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