The global meat snacks market grew at a CAGR of around 7% during 2014-2019. Meat snacks are ready-to-eat (RTE) food products made using dried and dehydrated animal-derived raw materials with added flavorings and seasonings. The raw materials are processed into several forms during preparation, such as strips, shreds, nuggets, slabs and rinds. Meat snacks are a good source of proteins, zinc, iron, choline, vitamin B12 and omega-3 fatty acids that help to increase energy and maintain a balanced diet. Nowadays, trail mixes of meat, dry fruits and nuts are gaining traction worldwide.
The escalating demand for healthy and convenient snacking items on account of hectic lifestyles and inflating disposable incomes represents one of the major factors impelling the global meat snacks market growth. Moreover, the growing trend of premium meat snacks that are processed with lamb, grass-fed beef, wild boar, pasture-raised venison, coho salmon, and cage-free turkey and chicken is contributing to the market growth. Apart from this, leading players are introducing gluten-free and low sugar variants with no additives and preservatives. They are also incorporating herbs to introduce innovative flavors using rosemary, basil, curry, chipotle, kimchi and adobo in meat snacks to expand their consumer base. Due to the spread of the coronavirus disease (COVID-19), there is currently a significant rise in the demand for packaged food items, such as meat snacks, but disrupted supply chains and shortage of adequate workforce is hindering the market growth. However, the market is anticipated to revive once normalcy is regained. Looking forward, IMARC Group expects the global meat snacks market to continue its moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global meat snacks market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, product type, source, flavor and distribution channel.
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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. (New World Foods Europe Limited), Tyson Foods Inc. and Werner Gourmet Meat Snacks Inc.
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