The global meat snacks market size reached US$ 10.0 Billion in 2023. Looking forward, the market is projected to reach US$ 18.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.75% during 2023-2032.
Meat snacks are ready-to-eat (RTE) food products made using dried and dehydrated animal-derived raw materials with added flavorings and seasonings. The raw materials are processed into several forms during preparation, such as strips, shreds, nuggets, slabs and rinds. Meat snacks are a good source of proteins, zinc, iron, choline, vitamin B12 and omega-3 fatty acids that help to increase energy and maintain a balanced diet. Nowadays, trail mixes of meat, dry fruits and nuts are gaining traction worldwide.
The escalating demand for healthy and convenient snacking items on account of hectic lifestyles and inflating disposable incomes represents one of the major factors impelling the global meat snacks market growth. Moreover, the growing trend of premium meat snacks that are processed with lamb, grass-fed beef, wild boar, pasture-raised venison, coho salmon, and cage-free turkey and chicken is contributing to the market growth. Apart from this, leading players are introducing gluten-free and low sugar variants with no additives and preservatives. They are also incorporating herbs to introduce innovative flavors using rosemary, basil, curry, chipotle, kimchi and adobo in meat snacks to expand their consumer base.
2. What is the expected growth rate of the global meat snacks market during 2024-2032?
3. What are the key factors driving the global meat snacks market?
4. What has been the impact of COVID-19 on the global meat snacks market?
5. What is the breakup of the global meat snacks market based on the product type?
6. What is the breakup of the global meat snacks market based on the source?
7. What is the breakup of the global meat snacks market based on the flavor?
8. What is the breakup of the global meat snacks market based on the distribution channel?
9. What are the key regions in the global meat snacks market?
10. Who are the key players/companies in the global meat snacks market?
Meat snacks are ready-to-eat (RTE) food products made using dried and dehydrated animal-derived raw materials with added flavorings and seasonings. The raw materials are processed into several forms during preparation, such as strips, shreds, nuggets, slabs and rinds. Meat snacks are a good source of proteins, zinc, iron, choline, vitamin B12 and omega-3 fatty acids that help to increase energy and maintain a balanced diet. Nowadays, trail mixes of meat, dry fruits and nuts are gaining traction worldwide.
The escalating demand for healthy and convenient snacking items on account of hectic lifestyles and inflating disposable incomes represents one of the major factors impelling the global meat snacks market growth. Moreover, the growing trend of premium meat snacks that are processed with lamb, grass-fed beef, wild boar, pasture-raised venison, coho salmon, and cage-free turkey and chicken is contributing to the market growth. Apart from this, leading players are introducing gluten-free and low sugar variants with no additives and preservatives. They are also incorporating herbs to introduce innovative flavors using rosemary, basil, curry, chipotle, kimchi and adobo in meat snacks to expand their consumer base.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global meat snacks market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, source, flavor and distribution channel.Breakup by Product Type:
- Jerky
- Sticks
- Sausages
- Others
Breakup by Source:
- Pork
- Beef
- Poultry
- Others
Breakup by Flavor:
- Original
- Teriyaki
- Peppered
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Bridgford Foods Corporation, Conagra Brands Inc., General Mills Inc., Hormel Foods Corporation, Jack Link's LLC, Monogram Food Solutions LLC, Nestlé S.A., Meatsnacks Group Ltd. (New World Foods Europe Limited), Tyson Foods Inc. and Werner Gourmet Meat Snacks Inc.Key Questions Answered in This Report
1. What was the size of the global meat snacks market in 2023?2. What is the expected growth rate of the global meat snacks market during 2024-2032?
3. What are the key factors driving the global meat snacks market?
4. What has been the impact of COVID-19 on the global meat snacks market?
5. What is the breakup of the global meat snacks market based on the product type?
6. What is the breakup of the global meat snacks market based on the source?
7. What is the breakup of the global meat snacks market based on the flavor?
8. What is the breakup of the global meat snacks market based on the distribution channel?
9. What are the key regions in the global meat snacks market?
10. Who are the key players/companies in the global meat snacks market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Meat Snacks Market
6 Market Breakup by Product Type
7 Market Breakup by Source
8 Market Breakup by Flavor
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bridgford Foods Corporation
- Conagra Brands Inc.
- General Mills Inc.
- Hormel Foods Corporation
- Jack Link's LLC
- Monogram Food Solutions LLC
- Nestlé S.A.
- Meatsnacks Group Ltd. (New World Foods Europe Limited)
- Tyson Foods Inc.
- Werner Gourmet Meat Snacks Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 137 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 10 Billion |
Forecasted Market Value ( USD | $ 18 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |