According to IMARC Group latest report titled “Meat Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on meat snacks market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global meat snacks market size reached US$ 9.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.39% during 2023-2028.
Meat snacks have gained immense popularity in recent years, emerging as a favored option among consumers seeking convenient and protein-rich snack options. They provide a convenient and satiating option for individuals looking to incorporate more protein into their daily intake. They are typically made from various types of meat, such as beef, pork, poultry, and game, which are processed and seasoned to create flavorful and portable snacks. The process involves curing, smoking, and drying the meat, resulting in a product that is preserved and can be enjoyed on the go. Meat snacks come in a variety of forms, including jerky, sticks, bars, and bites, offering consumers a range of choices to suit their preferences and dietary needs.
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What are the growth prospects and trends in the meat snacks industry?
The global market for meat snacks is witnessing significant growth due to several factors, including the increasing trend of healthy snacking and the escalating awareness regarding the importance of protein in the diet. Moreover, the rising popularity of low-carb and high-protein diets, such as the ketogenic diet, has further propelled the demand for meat snacks as a suitable snacking option, which is creating a positive outlook for the market.
Additionally, the escalating demand for on-the-go food products and ready-to-eat snacks and inflating consumer expenditure power are supporting the market growth. In line with this, key players are introducing innovative flavors, such as teriyaki, barbecue, and spicy varieties, to extend their consumer base, which is providing an impetus to market growth. Other factors, such as the easy product availability in various retail channels, including supermarkets, convenience stores, and online platforms, and rapid technological advancements, are augmenting the market growth.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Bridgford Foods Corporation
- Conagra Brands Inc.
- General Mills Inc.
- Hormel Foods Corporation
- Jack Link's LLC
- Monogram Food Solutions LLC
- Nestlé S.A.
- Meatsnacks Group Ltd.
- Tyson Foods Inc.
- Werner Gourmet Meat Snacks Inc
Meat Snacks Market Segmentation:
Our report has categorized the market based on region, product type, source, flavor and distribution channel.
Breakup by Product Type:
- Jerky
- Sticks
- Sausages
- Others
Breakup by Source:
- Pork
- Beef
- Poultry
- Others
Breakup by Flavor:
- Original
- Teriyaki
- Peppered
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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