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Meat Snacks Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 185 Pages
  • February 2024
  • Region: Global
  • Renub Research
  • ID: 5447673
Global Meat Snacks Market is forecasted to be priced at around US$ 13.87 Billion by 2030. In the past few years, the popularity of meat snacks has surged, transcending cultural barriers and nutritional alternatives. From traditional jerky to progressive protein-packed types, they offer handy, flavorful options for on-the-go purchasers searching for enjoyable, portable protein sources. This popularity stems from their versatility, lengthy shelf life, and alignment with low-carb and high-protein diets. Also, the upward push of health-conscious clients seeking alternative snacks has fueled their demand. As a result, meat snacks have become a ubiquitous desire for satisfying cravings and fueling active lives globally.

Global Meat Snacks Market is anticipated to increase at a CAGR of 6.31% during the forecast period (2024 to 2030)

The demand for sustainable brands is experiencing a market surge. Consumers increasingly gravitate toward companies adopting zero-waste control and eco-friendly packaging. This shift displays a developing recognition of environmental worries and a desire to guide ethical and responsible enterprises. So, manufacturers prioritizing sustainability entice conscious consumers and push a market boom, capitalizing on the demand for environmentally friendly options within the meat snack enterprise.

Moreover, the global meat snacks market anticipates a surge in demand driven by the growing appreciation for natural plant-based alternatives. Consumers are increasingly attracted to meat alternatives that provide fitness benefits by being separated from chemical components. This shift displays a broader trend towards aware consumption as individuals search for cleaner, more sustainable choices. With a focal point on organic, plant-based snacks, the market is poised to cater to the growing need for healthier options, shaping the future of the meat snacks market. Hence, the global meat snacks market was US$ 9.04 Billion in 2023.

North America was considered the dominant region in the global meat snacks market. The rise in the rate of snack food intake, surge in demand for convenience food products, and increase in the number of domestic and international manufacturers in the region have all driven the value sales growth of the market. Furthermore, processing modifications, such as slow meat roasting and value addition with exotic spices, as exhibited by brands such as Wild Zora and Wilde Boldr, have captured the imaginations of younger consumers seeking complete and portable protein-snacking solutions. The developing recognition of grass-fed meat snacks that are preservative-free and portion-controlled with a combination of flavor profiles and bite types is anticipated to support the growth of meat snacks in relatively mature markets of developed nations.

Jerky products dominate the global meat snacks market

By products, the global meat snacks market is fragmented into Jerky, Sticks, Sausages, and Others. Jerky Products is predicted to assert dominance in the worldwide meat snacks market. This is because of their comfort, portability, and extended shelf life. Protein bars enchant athletes and busy specialists for their versatility as a quick and enjoyable snack. Moreover, the numerous flavors and textures jerky gives cater to diverse tastes, further solidifying their reputation. With a growing demand for on-the-go, protein-packed options, jerky merchandise is a go-to choice for snack fans worldwide.

Traditional meat snacks are anticipated to remain prevalent in the global market

By nature, the international meat snacks market is separated into Conventional and Organic. Conventional meat snacks are projected to hold the highest proportion in the market. This is due to their installed customer base and full-size availability. Despite the upward push of alternative options, conventional meat snacks preserve enduring appeal rooted in familiarity and agreement. They provide a feel of indulgence, pleasure, comfort, and a variety of flavor picks. This entrenched market presence and non-stop innovation to meet evolving customer alternatives ensure that traditional meat snacks remain dominant in the global market landscape.

Demand for meat snacks in global supermarkets and hypermarkets is expected to remain high

By distribution channels, the meat snacks market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others. Supermarkets and hypermarkets are expected to hold a sturdy foothold in the worldwide meat snacks market. This is owed to their convenience and massive product offerings. These retail giants offer numerous meat snack options, making them easily accessible to consumers. Moreover, their strategic part in city and suburban regions guarantees extensive availability. With the capacity to leverage economies of scale and implement sufficient advertising and marketing strategies, supermarkets and hypermarkets are poised to preserve their high market proportion in the meat snacks enterprise.

United States is expected to be at the forefront of the global meat snacks market

By countries, the global meat snacks market is divided into North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, South Korea, Indonesia, Australia), Latin America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa), and Rest of World. The United States is poised to guide the global meat snacks market. With a tradition that favors protein-rich snacks and a vast populace of on-the-go purchasers, the demand for meat snacks always remains excessive.

For instance, the Food and Health Survey Spotlight of 2022 discovered that nearly 73% of clients snack once a day, and 14% tend to snack more than twice daily. Moreover, the United States boasts a strong meat manufacturing and distribution infrastructure, ensuring ample delivery. Also, various flavors and formats cater to multiple tastes, bolstering the market. These factors put the United States at the leading edge of the worldwide meat snacks industry.

Key Players

Nestlé S.A., Hormel Foods, Conagra Brands, Bridgford Foods, Hershey, Associated British Foods plc, Tyson Foods, Inc., Danish Crown, and Kerry Group plc are present in the global meat snacks market.

In April 2023 - Doki Foods, a New Delhi startup, launched chicken chips and buffalo jerky in India. The products come in various flavors, including Korean Gochujang, Tokyo Teriyaki, and Telicherry pepper.

In March 2023 - Chomps Company recently introduced two new flavors of meat snacks in the beef category in the United States. According to the company, the latest products are Taco Beef and Habanero Beef, which are packed with 10 grams of protein, 100 calories, and no added sugar.

The report titled “Global Meat Snacks Market By Products (Jerky, Sticks, Sausages, and Others), Nature (Conventional and Organic), Distribution Channels (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others),Countries (North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, South Korea, Indonesia, Australia), Latin America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa), and Rest of World) Company Analysis (Nestlé S.A., Hormel Foods, Conagra Brands, Bridgford Foods, Hershey, Associated British Foods plc, Tyson Foods, Inc., Danish Crown, and Kerry Group plc)” provides a complete study of the Global Meat Snacks Industry.

Product - Global Meat Snacks Market breakup in 4 viewpoints:

1. Jerky
2. Sticks
3. Sausages
4. Others

Nature - Global Meat Snacks Market breakup in 2 viewpoints:

1. Conventional
2. Organic

Distribution Channels - Global Meat Snacks Market breakup in 4 viewpoints:

1. Supermarkets/Hypermarkets
2. Convenience Stores
3. Online Retail Stores
4. Others

Countries - Global Meat Snacks Market of 21 Countries:

1. North America
1.1 United States
1.2 Canada
1.3 Mexico
2. Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
3. Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 South Korea
3.5 Indonesia
3.6 Australia
4. South America
4.1 Brazil
4.2 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
6. Rest of World

All the Key players have been covered from 3 Viewpoints:

  • Overview
  • Recent Development
  • Revenue Analysis

Company Analysis:

1. Nestlé S.A.
2. Hormel Foods
3. Conagra Brands
4. Bridgford Foods
5. Hershey
6. Associated British Foods plc,
7. Tyson Foods, Inc.
8. Danish Crown
9. Kerry Group plc

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Meat Snacks Market
6. Market Share - Global Meat Snacks Market
6.1 By Products
6.2 By Nature
6.3 By Distribution Channels
6.4 By Countries
7. Products - Global Meat Snacks Market
7.1 Jerky
7.2 Sticks
7.3 Sausages
7.4 Others
8. Nature - Global Meat Snacks Market
8.1 Conventional
8.2 Organic
9. Distribution Channels - Global Meat Snacks Market
9.1 Supermarkets/Hypermarkets
9.2 Convenience Stores
9.3 Online Reatail Stores
9.4 Others
10. Countries - Global Meat Snacks Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Switzerland
10.3 Asia Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 South Korea
10.3.5 Indonesia
10.3.6 Australia
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 South Africa
10.6 Rest of World
11. Porter’s Five Forces Analysis - Global Meat Snacks Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - Global Meat Snacks Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Nestlé S.A.
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue Analysis
13.2 Hormel Foods
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue Analysis
13.3 Conagra Brands
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue Analysis
13.4 Bridgford Foods
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue Analysis
13.5 Hershey
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue Analysis
13.6 Associated British Foods plc
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue Analysis
13.7 Tyson Foods, Inc.
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue Analysis
13.8 Danish Crown
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Revenue Analysis
13.9 Kerry Group plc
13.9.1 Overview
13.9.2 Recent Development
13.9.3 Revenue Analysis
List of Figures
Figure-01: Global - Meat Snacks Market (Billion US$), 2019 - 2023
Figure-02: Global - Forecast for Meat Snacks Market (Billion US$), 2024 - 2030
Figure-03: Product - Jerky Market (Million US$), 2019 - 2023
Figure-04: Product - Forecast for Jerky Market (Million US$), 2024 - 2030
Figure-05: Product - Sticks Market (Million US$), 2019 - 2023
Figure-06: Product - Forecast for Sticks Market (Million US$), 2024 - 2030
Figure-07: Product - Sausages Market (Million US$), 2019 - 2023
Figure-08: Product - Forecast for Sausages Market (Million US$), 2024 - 2030
Figure-09: Product - Others Market (Million US$), 2019 - 2023
Figure-10: Product - Forecast for Others Market (Million US$), 2024 - 2030
Figure-11: Nature - Conventional Market (Million US$), 2019 - 2023
Figure-12: Nature - Forecast for Conventional Market (Million US$), 2024 - 2030
Figure-13: Nature - Organic Market (Million US$), 2019 - 2023
Figure-14: Nature - Forecast for Organic Market (Million US$), 2024 - 2030
Figure-15: Distribution Channel - Supermarkets/Hypermarkets Market (Million US$), 2019 - 2023
Figure-16: Distribution Channel - Forecast for Supermarkets/Hypermarkets Market (Million US$), 2024 - 2030
Figure-17: Distribution Channel - Convenience Stores Market (Million US$), 2019 - 2023
Figure-18: Distribution Channel - Forecast for Convenience Stores Market (Million US$), 2024 - 2030
Figure-19: Distribution Channel - Online Reatail Stores Market (Million US$), 2019 - 2023
Figure-20: Distribution Channel - Forecast for Online Reatail Stores Market (Million US$), 2024 - 2030
Figure-21: Distribution Channel - Others Market (Million US$), 2019 - 2023
Figure-22: Distribution Channel - Forecast for Others Market (Million US$), 2024 - 2030
Figure-23: United States - Meat Snacks Market (Million US$), 2019 - 2023
Figure-24: United States - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-25: Canada - Meat Snacks Market (Million US$), 2019 - 2023
Figure-26: Canada - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-27: Mexico - Meat Snacks Market (Million US$), 2019 - 2023
Figure-28: Mexico - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-29: Germany - Meat Snacks Market (Million US$), 2019 - 2023
Figure-30: Germany - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-31: United Kingdom - Meat Snacks Market (Million US$), 2019 - 2023
Figure-32: United Kingdom - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-33: France - Meat Snacks Market (Million US$), 2019 - 2023
Figure-34: France - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-35: Italy - Meat Snacks Market (Million US$), 2019 - 2023
Figure-36: Italy - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-37: Spain - Meat Snacks Market (Million US$), 2019 - 2023
Figure-38: Spain - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-39: Switzerland - Meat Snacks Market (Million US$), 2019 - 2023
Figure-40: Switzerland - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-41: Japan - Meat Snacks Market (Million US$), 2019 - 2023
Figure-42: Japan - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-43: China - Meat Snacks Market (Million US$), 2019 - 2023
Figure-44: China - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-45: India - Meat Snacks Market (Million US$), 2019 - 2023
Figure-46: India - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-47: South Korea - Meat Snacks Market (Million US$), 2019 - 2023
Figure-48: South Korea - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-49: Indonesia - Meat Snacks Market (Million US$), 2019 - 2023
Figure-50: Indonesia - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-51: Australia - Meat Snacks Market (Million US$), 2019 - 2023
Figure-52: Australia - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-53: Brazil - Meat Snacks Market (Million US$), 2019 - 2023
Figure-54: Brazil - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-55: Argentina - Meat Snacks Market (Million US$), 2019 - 2023
Figure-56: Argentina - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-57: Saudi Arabia - Meat Snacks Market (Million US$), 2019 - 2023
Figure-58: Saudi Arabia - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-59: United Arab Emirates - Meat Snacks Market (Million US$), 2019 - 2023
Figure-60: United Arab Emirates - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-61: South Africa - Meat Snacks Market (Million US$), 2019 - 2023
Figure-62: South Africa - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-63: Rest of World - Meat Snacks Market (Million US$), 2019 - 2023
Figure-64: Rest of World - Forecast for Meat Snacks Market (Million US$), 2024 - 2030
Figure-65: Nestlé S.A. - Global Revenue (Million US$), 2019 - 2023
Figure-66: Nestlé S.A. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-67: Hormel Foods - Global Revenue (Million US$), 2019 - 2023
Figure-68: Hormel Foods - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-69: Conagra Brands - Global Revenue (Million US$), 2019 - 2023
Figure-70: Conagra Brands - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-71: Bridgford Foods - Global Revenue (Million US$), 2019 - 2023
Figure-72: Bridgford Foods - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-73: Hershey - Global Revenue (Million US$), 2019 - 2023
Figure-74: Hershey - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-75: Associated British Foods plc - Global Revenue (Million US$), 2019 - 2023
Figure-76: Associated British Foods plc - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-77: Tyson Foods, Inc. - Global Revenue (Million US$), 2019 - 2023
Figure-78: Tyson Foods, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-79: Danish Crown - Global Revenue (Million US$), 2019 - 2023
Figure-80: Danish Crown - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-81: Kerry Group plc - Global Revenue (Million US$), 2019 - 2023
Figure-82: Kerry Group plc - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
Table-01: Global - Meat Snacks Market Share by Product (Percent), 2019 - 2023
Table-02: Global - Forecast for Meat Snacks Market Share by Product (Percent), 2024 - 2030
Table-03: Global - Meat Snacks Market Share by Nature (Percent), 2019 - 2023
Table-04: Global - Forecast for Meat Snacks Market Share by Nature (Percent), 2024 - 2030
Table-05: Global - Meat Snacks Market Share by Distribution Channel (Percent), 2019 - 2023
Table-06: Global - Forecast for Meat Snacks Market Share by Distribution Channel (Percent), 2024 - 2030
Table-07: Global - Meat Snacks Market Share by Countries (Percent), 2019 - 2023
Table-08: Global - Forecast for Meat Snacks Market Share by Countries (Percent), 2024 - 2030

Companies Mentioned

  • Nestlé S.A.
  • Hormel Foods
  • Conagra Brands
  • Bridgford Foods
  • Hershey
  • Associated British Foods plc,
  • Tyson Foods, Inc.
  • Danish Crown
  • Kerry Group plc

Methodology

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.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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