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Global Meat Snacks Market to Reach US$ 13.4 Billion by 2027, Propelled by the Growing Demand for Convenient and Healthy Snacking Items Due to Hectic Lifestyles

Published on Oct 18, 2022

The latest report by IMARC, titled “Meat Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global meat snacks market size reached US$ 8.7 Billion in 2021. Meat snacks refer to convenient ready-to-eat (RTE) food products that are prepared using dried and dehydrated animal-derived raw materials with added seasonings and flavors. These raw materials are treated in various forms, such as shreds, strips, slabs, nuggets, and rinds. In recent years, meat snacks have gained momentum as they are a rich source of zinc, proteins, choline, iron, vitamin B12, and omega-3 fatty acids, which assist in maintaining a balanced diet and increasing energy.

We are regularly tracking the direct effect of COVID-19, along with the indirect influence of the associated industries. These observations will further be integrated into the report.

Global Meat Snacks Market Trends:

One of the primary factors driving the market is the growing demand for convenient and healthy snacking items due to hectic lifestyles. Additionally, the expanding disposable income levels of the masses have escalated demand for specialty meat snacks.  Besides this, the rising trend of premium meat snacks that are processed with grass-fed beef, pasture-raised venison, wild boar, coho salmon, and cage-free turkey and chicken is positively influencing the market growth. Furthermore, with the growing health consciousness and increasing number of individuals diagnosed with eating disorders, such as celiac disease and lactose intolerance, key manufacturers are launching gluten-free and vegan variants with zero preservatives and additives. They are also adding herbs, such as basil, chipotle, curry, rosemary, kimchi, and adobo, in meat snacks to introduce new flavors, which is expanding the consumer base. Looking forward, IMARC Group expects the market value to reach US$ 13.4 Billion by 2027, expanding at a CAGR of 7.40% during the forecast period (2022-2027).

Market Summary:

  • Based on the product type, the market has been divided into jerky, sticks, sausages, and others.
  • On the basis of the source, the market has been segmented into pork, beef, poultry, and others.
  • Based on the flavor, the market has been segregated into original, teriyaki, peppered, and others.
  • On the basis of the distribution channel, the market has been classified into supermarkets and hypermarkets, convenience stores, online stores, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, 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, Nestle S.A., Meatsnacks Group Ltd. (New World Foods Europe Limited), Tyson Foods Inc., and Werner Gourmet Meat Snacks Inc. 
     

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