Meat Snacks Market 2020-2026
Global Meat Snacks Market Size, Share & Trends Analysis Report by Product (Jerky, Sticks, Sausages, Others) by Distribution Channel (Convenience Stores, Supermarket/Hypermarket, Online Store) Forecast period (2020-2026)
The meat snack market is anticipated to showcase a considerable growth rate during the forecast period. The market is driven by the increased demand for meat snacks that are rich in nutrients like omega-3s, iron, and vitamin B12 especially among the millennials (Generation Y) and Gen Z population segments. The greater attention towards the healthy aspect of snacking has led to the emergence of meat bars as a snack category. The growing adoption of meat snacks owing to their offered health benefits is a major factor driving the meat snacks market across the globe.
The meat snack market is segmented based on product type and distribution channels. Based on the product type, the meat snack market is segmented into Jerky, Sticks, Sausages, Others. Based on product type, jerky hold a considerable share in the meat snack market in 2018. Easy availability, affordability, and pleasing taste of beef jerky are the key factors contributing to the high share of jerky in the meat snack market. Based on the distribution channel, the meat snack market is segmented into convenience stores, supermarket/hypermarket, online store, others.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a considerable market share in the meat snack market due to the continuous advancement in the production method of meat snacks. Asia-Pacific is the fastest-growing region in the meat snack market. The meat processing industry in India & China is anticipated to be a key factor contributing to the growth of the meat snack market in the region.
Conagra Brands Inc., Hormel Foods Corp., Jack Link's LLC, Thanasi Foods, and Beyond Meat, among others, are the major manufacturers of meat snacks. These manufacturers are adopting different growth strategies including capacity expansion, mergers and acquisitions, new product launch, and product innovation to remain competitive in the marketplace. Major market players operating in this segment are extending their geographical reach to expand its market share. The establishment of strategic partnerships with major raw material providers of the region to cost saving on new products is likely to drive the growth of this market in the developing countries.
The market study of the global meat snack market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
1. Global Meat Snacks Market Research and Analysis by Product Type
2. Global Meat Snacks Market Research and Analysis by Distribution Channel
The Report Covers:
Comprehensive research methodology of the global meat snack market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global meat snack market.
Insights about market determinants which are stimulating the global meat snack market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Profiles and recent developments of market players.