Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Meat Snacks Market Size is Expected to Grow from USD 19.36 Billion in 2023 to USD 37.66 Billion by 2033, at a CAGR of 6.88% during the forecast period 2023-2033.
The meat snacks market refers to the global industry for processed, ready-to-eat, meat-based snack products such as jerky, sticks, sausages, and bars. These snacks are made from beef, pork, poultry, and exotic meats and are popular for their high protein content, convenience, and long shelf life. Moreover, the meat snacks market is driven by increasing demand for high-protein and low-carb snacks, increasing health awareness, and hectic lifestyles supporting convenient foods. Moreover, product developments, growing retail distribution, and shifting preference toward natural, organic, and minimally processed meat snacks support the growth of the market globally. However, the meat snacks market is confronted by restraints such as volatile prices of raw material, rising consciousness regarding the consumption of processed meat, stringent food safety laws, swelling competition from vegetables, and interruption in supply chains impacting production as well as delivery.
The jerky segment accounted for the largest share of the global meat snacks market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on product type, the global meat snacks market is divided into jerky, stick, sausage, and other product type. Among these, the jerky segment accounted for the largest share of the global meat snacks market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is driven by strong consumer interest in protein-packed, low-fat, and shelf-stable snack foods. Widespread distribution, numerous flavour offerings, and ease of package opening make it the snack food of choice for health-oriented consumers, athletes, and busy snacking consumers everywhere.
The supermarket/hypermarkets segment accounted for a substantial share of the global meat snacks market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the distribution channel, the global meat snacks market is divided into convenience stores, supermarket/hypermarkets, online retail stores, and others. Among these, the supermarket/hypermarkets segment accounted for a substantial share of the global meat snacks market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is led by strong consumer traffic, extensive product assortment, and point-of-sale promotions. These stores provide enhanced product visibility, bulk buys, and immediate availability, and thus serve as a shoppers' delight for meat snack consumers across the globe.
North America is projected to hold the largest share of the global meat snacks market over the projected period.
North America is projected to hold the largest share of the global meat snacks market over the projected period. This is driven by increasing consumer demand for protein snack foods, a strong retail distribution network, and robust brand recognition. The United States is at the forefront, driven by increased health awareness, increasing on-the-go snacking, and product innovation in taste and packaging.
Asia Pacific is expected to grow at the fastest CAGR of the global meat snacks market during the projected period. This is brought on by higher disposable incomes, expanding demand for high-protein foods as snacks, and rising retail and online channel opportunities. Economies such as China, India, and Japan are benefiting from shifting consumer food habits, urbanization, and a demand shift towards convenience food with high protein content.
Company profiling
Major vendors in the global meat snacks market are ConAgra Brands Inc., Hormel Foods Corporation, Link Snacks Inc., Bridgford Foods Corporation, Monogram Food Solutions LLC, Golden Valley Natural, LLC, The Meatsnacks Group, Sweetwood Smoke & Co., Wild West Jerky, Country Archer Provisions & WorldPantry.com LLC., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global meat snacks market based on the below-mentioned segments:
Global Meat Snacks Market, By Product Type
Global Meat Snacks Market, By Distribution Channel
Global Meat Snacks Market, By Regional
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