According to IMARC Group latest report titled” Meat Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 8.13 Billion in 2020. The global meat snacks market size to grow at a CAGR of around 6% during 2021-2026. Meat snacks are ready-to-eat (RTE) food variants made using dried and dehydrated animal-derived raw materials blended with several flavorings and seasonings. The raw materials are processed into various forms during preparation, such as slabs, strips, shreds, rinds and nuggets. Meat snacks are rich in proteins, iron, zinc, choline, vitamin B12 and omega-3 fatty acids that help in maintaining a balanced diet and energy levels in the human body.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The increasing demand for healthy and convenient snacking items on account of hectic work schedules and inflating disposable incomes are primarily driving the global meat snacks market. Moreover, the growing preferences for premium meat snacks that are processed with lamb, grass-fed beef, coho salmon, wild boar, pasture-raised venison, and chicken is also contributing to the market growth. Besides this, numerous key manufacturers are introducing gluten-free and low sugar variants with zero additives and preservatives. They are also incorporating herbs to introduce innovative flavors using curry, rosemary, basil, chipotle, kimchi and adobo in meat snacks to expand their existing consumer base. All the above-mentioned factors are anticipated to further propel the market growth during the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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.
Market Breakup by Product Type:
- Jerky
- Sticks
- Sausages
- Others
Market Breakup by Source:
- Pork
- Beef
- Poultry
- Others
Market Breakup by Flavor:
- Original
- Teriyaki
- Peppered
- Others
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Market 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
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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