Market Overview:
Meat snacks are gaining high acceptance among the growing population. It is prepared from the meat of pork, beef, poultry, and others. Meat snacks are rich in protein content for which they are considered a good alternative for raw and cooked meat products. Moreover, the longer shelf life of the product is an added advantage to the market. Moreover, different type of flavors is grabbing the attention of a huge number of consumers towards meat snack products.
Growing inclination towards convenience food and savory snacks is one of the factor driving the growth of meat snacks market. Moreover, owing to changing lifestyle and busy schedule, consumers are highly dependent on meat products for protein intake which has surged the demand for meat snacks market. Also, increasing usage of meat ingredients to prepare snacks is adding fuel to the growth of the meat snacks market. Additionally, health benefits associated with the high protein content in meat snacks is likely to drive the growth of meat snacks market over the forecast period.
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Latest Industry Updates:
March 2018 Monogram Meat Snacks is about to expand their plant capacity by increasing the workforce in 2018. They are increasing the investment in the production of meat snacks.
March 2018 Country Archer Jerky has released four new meat snacks products, widening its offering in snacks. It has introduced three new meat snack bars and a new flavor of jerky.
Feb 2018 Tyson Foods Inc., the largest U.S. meat producer is highly focusing on snacks developments. It has assembled a team of seven employees focused on snacks and product developments to develop and launch new product in the market.
Feb 2018 Jack Link’s is about to launch five new protein-packed products. It will launch chewy and crunchy meat snacks in the year 2018.
Competitive Analysis:
The major key players are highly focusing on expansions and new product launches. Growing demand for meat snacks is influencing the key players to invest in expansion of plant capacity. They are highly focusing on expanding the current production line to meet the growing demand. Moreover, new product launches is the key to success for the growth of this market. There is cut throat competition in the product launches in the market. New flavors and innovative packaging is driving the market. Increasing R&D and geographical expansion is witnessed to be among the key strategies in the market.
The key players profiled in meat snacks market report are Marfood USA, Inc. (U.S.), Link Snacks, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Hormel Foods Corporation (U.S.), Bridgford Foods Corporation (U.S.), Meatsnacks Group Ltd. (U.K), Golden Valley Dairy Products (U.S.), Monogram Food Solutions, LLC. (U.S.), Nestlé USA, Inc. (U.S.), and Oberto Sausage Co, Inc. (U.S.) among many others.
Regional Analysis:
Meat Snacks Market is segmented into Europe, North America, APAC, and Rest of the World (RoW). North America is witnessed to dominate the global meat snacks market followed by Europe. Owing to increasing consumption of convenience foods among the growing working population in the U.S., it is observed that meat snacks market will have a substantial growth in this region. In Europe, rising awareness for the benefits related to healthy snacks is projected to surge the demand for meat snacks over the forecast period.
Moreover, high inclination towards nutritive snack products has raised the demand for meat snacks in European countries. Among them, U.K, and Germany are likely to boost the growth of the meat snacks market during the projected period. Also, support from the regulatory bodies for the use of meat products in snacks is anticipated to uplift the growth of the meat snacks market.
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Market Segments:
The global Meat Snacks market has been divided into type, flavor, meat type, distribution channel, and region.
On The Basis of Type: Sausages, Sticks, Jerky, and Others
On The Basis of Flavor: Teriyaki, Peppered, Original, and Others
On The Basis of Meat type: Pork, Beef, Poultry, and Others
On The Basis of Distribution channel: Store-based, and Non-store based
On The Basis of Region: North America, Europe, Asia Pacific, and ROW.
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