World Meat Snacks Market Expected to Grow at CAGR of 6.8% by Forecast to 2023

Meat Snacks Market report predicts impressive growth
Meat Snacks Market: by Type (Sausages, Sticks, Jerky), Flavors (Teriyaki, Peppered, Original), Meat Type (Pork, Beef, Poultry), Distribution Channel (Store-Based and Non-Store Based) and Region – Forecast till 2023

Market Overview:

Meat snacks are popular convenience snacks which are prepared from meat products such as pork, beef, poultry, and other meat products. These snacks are available in different types such as sausages, sticks, jerky, and others. These snacks are easily available and are mostly popular among travelers and youth. These snacks are rich in protein content, serving as a good alternative for raw and cooked meat products. Different type of flavors such as teriyaki and peppered are attracting a huge consumer base towards meat snack products.

Convenience food and savory snacks have become an essential part of consumer’s food, owing to high consumption of snacks, which has uplifted the meat snacks market. Meat snacks are rich in nutrients and can be easily incorporated in human diet plan. Also, high protein content in meat snacks helps in muscle building, thus making a trend towards fitness. Factors such as increased demand for convenience food owing to the changing lifestyle and busy schedule have surged the demand for meat snacks at a global level.

Furthermore, increasing demand for nutritive snacks and their awareness towards health is boosting the market of meat snacks. Additionally, high acceptance for the use of meat ingredient in snacks preparation is adding fuel to the growth of the meat snacks market. 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.

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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.  

Major Key Players:

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.

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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Regional Analysis:

The global Meat Snacks market is segmented into North America, Europe, 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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