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.
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. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.8% of meat snacks market during the forecast period 2017-2023.
European Meat Snacks Market is projected to attain a substantial growth at a CAGR of over 7.3% during the forecast period 2017-2023
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Some of the key players profiled in the global meat snacks market:
- 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.),
- Oberto Sausage Co, Inc. (U.S.).
Meat snacks are segmented on the basis of type, which includes sausages, sticks, jerky, and others. Among all, jerky holds the major market share followed by sausages. The primary reason for the growth of jerky is their high consumption by athletes, runners and weightlifters after exercise owing to a high amount of protein.
On the basis of flavors, the meat snacks market is segmented into teriyaki, peppered, original, and others. Among all the flavors, peppered flavor is dominating the market owing to high consumer preference towards peppered flavor.
On the basis of meat type, meat snacks market is segmented into pork, beef, poultry, and others. The poultry is dominating in this segment owing to its high availability.
On the basis of the distribution channel, the market is segmented into the store-based and non-store based distribution channel. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.
The global meat snacks market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the global meat snacks market followed by Europe. North America is dominating the meat snacks market followed by Europe. The U.S. has been accounted for a higher consumption of meat snacks owing to increase in the consumption of convenience due to changing lifestyle and busy schedule. Also, growing awareness about the benefits of consuming healthy snacks is projected to surge in the demand for meat snacks over the review period. Furthermore, high consumption of meat products is considered to be key driving factor in this region.
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Moreover, increasing consumer awareness towards nutritive snack products has uplifted the demand for meat snacks in European countries like the U.K, and Germany which is likely to boost the growth of the meat snacks market during the review period. Additionally, approval for the use of meat products in snacks by the regulatory authorities is projected to raise the growth of the meat snacks market.
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