Meat Snacks Market Outlook 2017-2023: Insight of Major Companies and Key Factors Driving the Global Industry Growth

“Meat Snacks Market”
Meat Snacks Market Research Report: Information by Type (Sausages, Sticks, Jerky), Flavors (Teriyaki, Peppered, Original), by Meat Type (Pork, Beef, Poultry), by Distribution Channel (Store-Based And Non-Store Based), and Region – Forecast till 2023

Meat Snacks Market – Overview

The increasing consumption of convenience food is like to surge in the demand for meat snacks. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Meat Snacks Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR while achieving million dollar growth readily in the forecast period.

Meat snacks are prepared from meat products such as pork, beef, poultry, and other meat products which are available in a variety of products such as sausages, sticks, jerky, and others. Meat snacks are rich in protein content which serves as a good alternative for raw and cooked meat products. Different type of flavors such as peppered and teriyaki are attracting a huge number of consumers towards meat snack products. The consumption of convenience food and savory snacks is increasing rapidly owing to changing lifestyle and busy schedule, which has surged in the demand for meat snacks market. Also, high acceptance for the use of meat ingredient to prepare snacks is adding fuel to the growth of the meat snacks market. Additionally, high protein content in meat snacks helps in muscle building, thus making a trend towards fitness; this is likely to drive the growth of meat snacks market over the review period.

Also, with growing consumer needs and their awareness about the fundamental to attain well-being without compromising on the taste, the demand of meat snacks has grown significantly in the recent years. The growth has also been driven by the increasing R&D and technological innovations, growing need for “on the go” foods which quickly suffice the need for the moment, nutritional as well as tasty foods, and wide availability. Furthermore, increasing demand for nutritive snacks and their awareness towards health is boosting the market of meat snacks. However, health concerns such as obesity and heart-related problems caused due the consumption of meat snacks among the consumers may hamper the market growth over the forecast period.

Meat Snacks Market – Competitive Analysis:

With diverse products and increasing stores offering meat snacks, meat snacks market has hit the mainstream. With the entry of new industry players in the meat snacks segment, a trend of solid, volume-driven growth has been observed in the market. At present, there are limited numbers of large and small market players. Price, quality, product differentiation, distribution, and promotion are the major factors on which industrial players compete to maintain their market share. Industrial players are extensively investing on R&D, new product development, strategic partnerships and collaborations with e-retailers. Millions of dollars are poured in for product promotion by the industrial players as products are increasingly marketed as healthy and guilt free snacks. Manufacturers are diversifying the product portfolio wherein, some high-profile product lines feature ‘free-from’ in the product name. Industrial players to sustain and succeed in a competitive environment, look for product differentiation along with cost savings through a unique and clear value proposition.

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Industrial players are extensively investing on marketing activities to make strong brand image of their products and to create awareness along with keeping strong focus on product packaging creating brand value. With manufacturers aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points from both supply and demand side.

The key players profiled in meat snacks 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.

Latest Industry Updates:

Feb 2018 Red Truck Beef Jerky LLC has launched a new product and two new flavors featuring McCormick & Co.’s seasoning. The launch includes a new Steak Bite meat snack as well as two new beef jerky flavor profiles, all of which are made using McCormick’s Grill Mates seasonings.

Jul 2017 The makers of Hormel Natural Choice deli meats has launched four new all natural deli meat snacks, paired with cheddar or pepper jack cheese and a dark-chocolate confection.

Jul 2017 US-based Hormel Foods has launched a range of new meat snacking options, catering to the demand for convenience eating.

Sep 2016 The New Primal, makers of the world’s healthiest, most responsibly sourced, 100% grass-fed beef and free-range turkey jerky, has launched Snack Mates, the first-to-market Paleo-friendly meat sticks made just for kids. Snack Mates are 0.5 oz. meat sticks sold in five-pack bags with six grams of protein in every serving. The new meat sticks are easy to chew and have a mild, non-spicy flavor, perfect for the young palate.

Meat Snacks Market – Segments

The global meat snacks market has been divided into type, meat type, distribution channel, and region.

  • On the Basis of Type: Sausages, Sticks, and Others
  • On the Basis of Meat Type: Pork, Beef, and Poultry
  • On the Basis of Distribution Channel: Store Based, and Non-store Based
  • On the Basis of Region: North America, Europe, Asia Pacific, and ROW

Meat Snacks Market – Regional Analysis

The global meat snacks market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Global meat snacks market is highly dominated by North America followed by Europe. North America is estimated to retain its dominance throughout the forecast period of 2017-2023, because there is increasing awareness of the healthy food habits along with innovative product offerings under private-label brands. APAC is fastest growing region due to changing lifestyle, changing demographic trends, and improved disposable income in that region. The consumption of meat snacks in the developing counties like Mexico, India, Brazil and China is expected to grow in upcoming years.

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