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Global Meat Snacks Market: Analysis by Type, Source, Category, Packaging, Distribution Channel, Region, Size and Trends with Impact of COVID-19 and Forecast up to 2028

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    Report

  • 154 Pages
  • April 2023
  • Region: Global
  • Daedal Research
  • ID: 5774728
UP TO OFF until Apr 30th 2024
The global meat snacks market in 2022 stood at US$10.05 billion, and is likely to reach US$15.13 billion by 2028. Meat snacks are a type of snack food made from meat, often beef or pork that has been processed, seasoned, and packaged for convenient consumption. They are typically high in protein and often marketed as a healthier alternative to traditional snack foods.

The meat snacks market has been growing in recent years due to increasing consumer demand for convenient and healthy snack options, with a prominent factor being the rising popularity of high-protein diets and snacking habits among consumers. Furthermore, the demand for meat snacks is also driven by the increasing awareness of the nutritional benefits of meat-based snacks, such as their high protein content, as well as the growing trend of on-the-go snacking, which requires portable and convenient food options. The global meat snacks market is projected to grow at a CAGR of 7.05% during the forecast period of 2023-2028.

Global Meat Snacks Market Dynamics

Growth Drivers: The meat snacks market has grown significantly in recent years, driven by the rising demand for high-protein snacks due to increased health consciousness and active lifestyles. The popularity of high-protein diets and the convenience of portable, protein-rich snacks have also contributed to the market's expansion. Meat snack manufacturers have responded by diversifying their product offerings, flavors, and meats to cater to a wide range of consumer preferences. Further, the market is expected to grow owing to rapid urbanization, significant growth of ecommerce, increased health and wellness trends, and rising consumer preference for convenient snacking options, etc. in recent years.

Challenges: The rising health concerns present a challenge for the meat snacks market, as consumers become more health-conscious and seek healthier snack options, leading companies to respond with low-fat, low-sodium, and preservative-free options, as well as plant-based alternatives to meat snacks to adapt to changing consumer preferences and maintain their growth trajectory. Additionally, other factors like tough competition from alternative snack options, etc. are other challenges to the market.

Market Trends: The adoption of sustainable and ethical production techniques will be critical in driving demand for the meat snacks industry in the coming years, as consumers become more environmentally and ethically conscious and demand greater transparency and responsibility from food producers. By prioritizing these principles, meat snack manufacturers can appeal to a growing number of customers and maintain a competitive advantage, resulting in increased demand and market growth. More trends in the market are believed to grow the meat snacks market during the forecasted period, which may include increasing penetration of AI applications, popularity of cloud kitchen, advent of lab-grown or cultured meat, smaller, convenient, and eco-friendly packaging, rise of plant-based alternatives, etc.

Market Segmentation Analysis

By Type: The market report has segmented the global meat snacks market into four segments namely, Jerky, Meat Sticks, Sausages, and others. The meat sticks segment is expected to be the fastest-growing segment due to its unique appeal to younger demographics, who are attracted to their novelty and convenient, mess-free consumption. Meat sticks are known for their portability, long shelf life, and high protein content, making them an appealing snack option for consumers seeking convenient and nutritious on-the-go food choices.

By Source: Based on the source, the global meat snacks market can be segmented into four segments: Beef, Pork, Chicken, and others. The chicken segment is expected to be the fastest-growing segment due to their leaner protein content and lower fat levels compared to other meat sources, which appeal to health-conscious consumers. Additionally, chicken's versatility in flavors and its more sustainable and eco-friendly production compared to red meat sources make it an increasingly attractive option for environmentally aware individuals.

By Packaging: The global meat snacks market can be divided into two segments based on packaging: packaged and unpackaged. The packaged segment holds the largest market share due to their convenience, portability, and hygienic packaging, which ensure food safety and cater to the busy lifestyles of modern consumers.

By Category: The global meat snacks market can be divided into two segments according to category: flavored and plain. The flavored segment holds the largest market share due to the increasing consumer demand for diverse and unique taste experiences, as well as the growing interest in bold and exotic flavors that cater to different cultural and regional preferences, providing an exciting and satisfying snacking experience.

By Distribution Channel: The global meat snacks market can be divided into four distribution channels: supermarkets & hypermarkets, convenience stores, online retail, and other channels. The online retail segment is expected to be the fastest-growing segment due to the convenience of comparing products, accessing customer reviews, and exclusive promotions. This distribution channel offers consumers the convenience of purchasing meat snacks from the comfort of their homes or workplaces, with a wide selection of brands, flavors, and types available at their fingertips.

By Region: According to this report, the global meat snacks market can be divided into five major regions: North America (the US, Canada, and Mexico), Europe (Germany, France, Spain, UK, and rest of Europe), Asia Pacific (China, Japan, India, and Rest of the Asia Pacific), Middle East & Africa, and Latin America. In 2022, North America dominated the meat snacks market with the largest market share. The region has witnessed steady growth in recent years, driven by factors such as the increasing demand for protein-rich and convenient snacks, growing awareness of the benefits of high-protein diets, and a shift towards healthier and natural meat snack options. The US plays a major role in the growth of the North American meat snacks market, as it is the largest market in the region and accounts for a significant portion of the total consumption.

The Asia Pacific meat snacks market is expected to grow at the highest CAGR from 2023 to 2028 due to rising health awareness and increased demand for high-protein snacks, with significant potential for online meat sales in emerging economies such as India, Indonesia, and Malaysia, contributing to market expansion.

Impact Analysis of COVID-19 and Way Forward

The global meat snacks market has been negatively impacted by the COVID-19 pandemic. While there was an initial surge in demand, the disruptions in the supply chain and the shift towards healthier snacking options have posed long-term challenges for companies, necessitating adaptation to changing market conditions. The post-COVID-19 impact on the global meat snacks market is expected to feature heightened competition, diversification, and innovation as companies adapt to the accelerating shift toward healthier eating habits, emphasize food safety, offer more portable and convenient options, and diversify their supply chains.

Competitive Landscape and Recent Developments

The global meat snacks market is highly competitive, with both large, established players and small, innovative companies operating within the industry. As consumer preferences shift towards healthier snacking options and demand for high-protein, low-carb snacks increase, and the industry has seen growth and innovation. Meat snack companies are focusing on product innovation, expanding their distribution networks, and investing in marketing campaigns to attract new customers. These types of products are expected to become increasingly popular among consumers in the foreseeable future. The industry has also seen mergers and acquisitions as companies look to consolidate their market position, expand their product portfolio, and enter new markets.

Further, key players in the meat snacks market are:

  • Tyson Foods, Inc.
  • Conagra Brands, Inc.
  • General Mills
  • Premium Brands Holdings Corporation
  • Hormel Foods Corporation
  • Bridgford Foods Corporation
  • Country Archer Jerky Co.
  • Old Trapper Smoked Products, Inc.
  • Werner Gourmet Meat Snacks Inc.
  • Monogram Food Solutions LLC
  • Tall Tree Foods Holdings Inc. (Klement Sausage Company, Inc.)
  • Link Snacks, Inc.
The meat snacks market has been characterized by intense competition among various players striving to secure a sizeable market share. To maintain their position in the market, companies have employed several strategies such as product innovation, expansion of product lines, and entry into new markets. Moreover, heavy investments in advertising and marketing campaigns are employed to create brand awareness and increase sales. With the meat snacks market growing rapidly, companies have been consolidating their market position by diversifying their product portfolios and venturing into new markets via mergers and acquisitions. The acquisition of New World Foods Europe (NWFE), a meat snacks producer in the UK, by Valeo Foods in 2021 is an example of such strategic expansion efforts. The acquisition presents a significant growth opportunity for Valeo Foods, enabling the company to meet the growing demand for meat snacks in the UK and other regions while consolidating its business and expanding into new markets.

Table of Contents

1. Executive Summary

2. Introduction
2.1 Meat Snacks: An Overview
2.1.1 Definition of Meat Snacks
2.1.2 Methods Of Packing Meat Snacks
2.2 Meat Snacks Segmentation: An Overview
2.2.1 Meat Snacks Segmentation

3. Global Market Analysis
3.1 Global Meat Snacks Market: An Analysis
3.1.1 Global Meat Snacks Market: An Overview
3.1.2 Global Meat Snacks Market by Value
3.1.3 Global Meat Snacks Market by Type (Jerky, Meat Sticks, Sausages, And Others)
3.1.4 Global Meat Snacks Market by Source (Beef, Pork, Chicken, And Others)
3.1.5 Global Meat Snacks Market by Packaging (Packaged And Unpackaged)
3.1.6 Global Meat Snacks Market by Category (Flavored And Plain)
3.1.7 Global Meat Snacks Market by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, And Other Channels)
3.1.8 Global Meat Snacks Market by Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)
3.2 Global Meat Snacks Market: Type Analysis
3.2.1 Global Meat Snacks Market by Type: An Overview
3.2.2 Global Jerky Snacks Market by Value
3.2.3 Global Meat Sticks Market by Value
3.2.4 Global Sausages Snacks Market by Value
3.2.5 Global Other Meat Snacks Market by Value
3.3 Global Meat Snacks Market: Source Analysis
3.3.1 Global Meat Snacks Market by Source: An Overview
3.3.2 Global Beef Meat Snacks Market by Value
3.3.3 Global Pork Meat Snacks Market by Value
3.3.4 Global Chicken Meat Snacks Market by Value
3.3.5 Global Other Meat Snacks Market by Value
3.4 Global Meat Snacks Market: Packaging Analysis
3.4.1 Global Meat Snacks Market by Packaging: An Overview
3.4.2 Global Packaged Meat Snacks Market by Value
3.4.3 Global Unpackaged Meat Snacks Market by Value
3.5 Global Meat Snacks Market: Category Analysis
3.5.1 Global Meat Snacks Market by Category: An Overview
3.5.2 Global Flavored Meat Snacks Market by Value
3.5.3 Global Plain Meat Snacks Market by Value
3.6 Global Meat Snacks Market: Distribution Channel Analysis
3.6.1 Global Meat Snacks Market by Distribution Channel: An Overview
3.6.2 Global Supermarkets & Hypermarkets Meat Snacks Market by Value
3.6.3 Global Convenience Stores Meat Snacks Market by Value
3.6.4 Global Online Retail Meat Snacks Market by Value
3.6.5 Global Other Meat Snacks Market by Value

4. Regional Market Analysis
4.1 North America Meat Snacks Market: An Analysis
4.1.1 North America Meat Snacks Market: An Overview
4.1.2 North America Meat Snacks Market by Value
4.1.3 North America Meat Snacks Market by Region (The US, Canada, and Mexico)
4.1.4 The US Meat Snacks Market by Value
4.1.5 Canada Meat Snacks Market by Value
4.1.6 Mexico Meat Snacks Market by Value
4.2 Europe Meat Snacks Market: An Analysis
4.2.1 Europe Meat Snacks Market: An Overview
4.2.2 Europe Meat Snacks Market by Value
4.2.3 Europe Meat Snacks Market by Region (Germany, France, Spain, UK, and rest of Europe)
4.2.4 Germany Meat Snacks Market by Value
4.2.5 France Meat Snacks Market by Value
4.2.6 Spain Meat Snacks Market by Value
4.2.7 UK Meat Snacks Market by Value
4.2.8 Rest of Europe Meat Snacks Market by Value
4.3 Asia Pacific Meat Snacks Market: An Analysis
4.3.1 Asia Pacific Meat Snacks Market: An Overview
4.3.2 Asia Pacific Meat Snacks Market by Value
4.3.3 Asia Pacific Meat Snacks Market by Region (China, Japan, India, and Rest of the Asia Pacific)
4.3.4 China Meat Snacks Market by Value
4.3.5 Japan Meat Snacks Market by Value
4.3.6 India Meat Snacks Market by Value
4.3.7 Rest of Asia Pacific Meat Snacks Market by Value
4.4 Latin America Meat Snacks Market: An Analysis
4.4.1 Latin America Meat Snacks Market: An Overview
4.4.2 Latin America Meat Snacks Market by Value
4.5 Middle East & Africa Meat Snacks Market: An Analysis
4.5.1 Middle East & Africa Meat Snacks Market: An Overview
4.5.2 Middle East & Africa Meat Snacks Market by Value

5. Impact of COVID
5.1 Impact of COVID-19 on Global Meat Snacks Market
5.2 Post-COVID-19 Impact on Global Meat Snacks Market

6. Market Dynamics
6.1 Growth Driver
6.1.1 Growth Of E-commerce
6.1.2 Rapid Urbanization
6.1.3 Increased Health And Wellness Trends
6.1.4 Rise In Consumer Demand For High-protein Snacks
6.1.5 Rising Consumer Preference For Convenient Snacking Options
6.2 Challenges
6.2.1 Rising Health Concerns
6.2.2 Tough Competition from Alternative Snack Options
6.3 Market Trends
6.3.1 Increasing Penetration of AI applications
6.3.2 Popularity of Cloud Kitchen
6.3.3 Advent Of Lab-grown Or Cultured Meat
6.3.4 Smaller, Convenient, And Eco-friendly Packaging
6.3.5 Sustainable And Ethical Production
6.3.6 Rise Of Plant-based Alternatives

7. Competitive Landscape
7.1 Global Meat Snacks Market Players: Competitive Landscape
7.2 Global Meat Snacks Market Players: Mergers & Acquisitions

8. Company Profiles
8.1 Tyson Foods, Inc.
8.1.1 Business Overview
8.1.2 Operating Segment
8.1.3 Business Strategy
8.2 Conagra Brands, Inc.
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 General Mills
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 Premium Brands Holdings Corporation
8.4.1 Business Overview
8.4.2 Operating Segments
8.5 Hormel Foods Corporation
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Bridgford Foods Corporation
8.6.1 Business Overview
8.6.2 Operating Segments
8.7 Country Archer Jerky Co.
8.7.1 Business Overview
8.8 Old Trapper Smoked Products, Inc.
8.8.1 Business Overview
8.9 Werner Gourmet Meat Snacks Inc.
8.9.1 Business Overview
8.10 Monogram Food Solutions LLC
8.10.1 Business Overview
8.11 Tall Tree Foods Holdings Inc. (Klement Sausage Company, Inc.)
8.11.1 Business Overview
8.12 Link Snacks, Inc.
8.12.1 Business Overview

List of Figures
Figure 1: Methods Of Packing Meat Snacks
Figure 2: Meat Snacks Segmentation
Figure 3: Global Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 4: Global Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 5: Global Meat Snacks Market by Type; 2022 (Percentage, %)
Figure 6: Global Meat Snacks Market by Source; 2022 (Percentage, %)
Figure 7: Global Meat Snacks Market by Packaging; 2022 (Percentage, %)
Figure 8: Global Meat Snacks Market by Category; 2022 (Percentage, %)
Figure 9: Global Meat Snacks Market by Distribution Channel; 2022 (Percentage, %)
Figure 10: Global Meat Snacks Market by Region; 2022 (Percentage, %)
Figure 11: Global Jerky Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 12: Global Jerky Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 13: Global Meat Sticks Market by Value, 2018-2022 (US$ Billion)
Figure 14: Global Meat Sticks Market by Value, 2023-2028 (US$ Billion)
Figure 15: Global Sausages Snacks Market by Value, 2018-2022 (US$ Million)
Figure 16: Global Sausages Snacks Market by Value, 2023-2028 (US$ Million)
Figure 17: Global Other Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 18: Global Other Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 19: Global Beef Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 20: Global Beef Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 21: Global Pork Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 22: Global Pork Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 23: Global Chicken Meat Snacks Market by Value, 2018-2022 (US$ Million)
Figure 24: Global Chicken Meat Snacks Market by Value, 2023-2028 (US$ Million)
Figure 25: Global Other Meat Snacks Market by Value, 2018-2022 (US$ Million)
Figure 26: Global Other Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 27: Global Packaged Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 28: Global Packaged Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 29: Global Unpackaged Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 30: Global Unpackaged Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 31: Global Flavored Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 32: Global Flavored Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 33: Global Plain Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 34: Global Plain Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 35: Global Supermarkets & Hypermarkets Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 36: Global Supermarkets & Hypermarkets Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 37: Global Convenience Stores Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 38: Global Convenience Stores Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 39: Global Online Retail Meat Snacks Market by Value, 2018-2022 (US$ Billion)
Figure 40: Global Online Retail Meat Snacks Market by Value, 2023-2028 (US$ Billion)
Figure 41: Global Other Meat Snacks Market by Value, 2018-2022 (US$ Million)
Figure 42: Global Other Meat Snacks Market by Value, 2023-2028 (US$ Million)
Figure 43: North America Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 44: North America Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 45: North America Meat Snacks Market by Region; 2022 (Percentage, %)
Figure 46: The US Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 47: The US Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 48: Canada Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 49: Canada Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 50: Mexico Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 51: Mexico Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 52: Europe Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 53: Europe Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 54: Europe Meat Snacks Market by Region; 2022 (Percentage, %)
Figure 55: Germany Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 56: Germany Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 57: France Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 58: France Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 59: Spain Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 60: Spain Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 61: UK Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 62: UK Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 63: Rest of Europe Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 64: Rest of Europe Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 65: Asia Pacific Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 66: Asia Pacific Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 67: Asia Pacific Meat Snacks Market by Region; 2022 (Percentage, %)
Figure 68: China Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 69: China Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 70: Japan Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 71: Japan Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 72: India Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 73: India Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 74: Rest of Asia Pacific Meat Snacks Market by Value; 2018-2022 (US$ Billion)
Figure 75: Rest of Asia Pacific Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 76: Latin America Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 77: Latin America Meat Snacks Market by Value; 2023-2028 (US$ Billion)
Figure 78: Middle East & Africa Meat Snacks Market by Value; 2018-2022 (US$ Million)
Figure 79: Middle East & Africa Meat Snacks Market by Value; 2023-2028 (US$ Million)
Figure 80: Global Retail E-commerce Sales; 2021-2026 (US$ Trillion)
Figure 81: Global Urban Population; 2017-2021 (Percentage, %)
Figure 82: Global Health And Wellness Food Market, 2020-2026; (US$ Billion)
Figure 83: Global Artificial Intelligence (AI) Market Revenues; 2020-2023 (US$ Billion)
Figure 84: Tyson Foods, Inc. Sales by Segment; 2022 (Percentage, %)
Figure 85: Conagra Brands, Inc. Net Sales by Segments; 2022 (Percentage, %)
Figure 86: General Mills Net Sales by Segments; 2022 (Percentage, %)
Figure 87: Premium Brands Holdings Corporation Revenue by Segment; 2022 (Percentage, %)
Figure 88: Hormel Foods Corporation Net Sales by Segments; 2022 (Percentage, %)
Figure 89: Bridgford Foods Corporation Net Sales by Segments; 2022 (Percentage, %)

Companies Mentioned

  • Tyson Foods, Inc.
  • Conagra Brands, Inc.
  • General Mills
  • Premium Brands Holdings Corporation
  • Hormel Foods Corporation
  • Bridgford Foods Corporation
  • Country Archer Jerky Co.
  • Old Trapper Smoked Products, Inc.
  • Werner Gourmet Meat Snacks Inc.
  • Monogram Food Solutions LLC
  • Tall Tree Foods Holdings Inc. (Klement Sausage Company, Inc.)
  • Link Snacks, Inc.

Table Information