• Middle East
  • North Africa
  • Global
  • Business
  • Finance
  • Technology
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit Press Release
Search
Close
Search
Close
Home Press

Meat Snacks Market Size Estimated to Reach $9.2 Billion by 2026

admin by admin
January 12, 2022
in Press
Share on FacebookShare on Twitter


(EMAILWIRE.COM, January 07, 2022 ) Meat Snacks Market size is estimated to reach $9.2 billion by 2026, growing at a CAGR of 7.4% during the forecast period 2021-2026. Meat Snacks are convenient food products that are processed with various meat products, such as pork, turkey, and beef. Meat snacks are increasingly being adopted among consumers across the world owing to the growing demand for high-protein snacks among the young population and the rise in product launches that has natural ingredients. The rise in the adoption of black pepper jerkies in developed nations, growing demand for meat chips and potato chips with innovative artificial flavors, increase in the demand for ready-to-eat meat snacks, and the growing investment by the key players to develop quality meat snacks are the factors that are set to drive the growth of the Meat Snacks Market for the period 2021-2026.

Meat Snacks Market Segment Analysis-By Product Type

The Meat Snacks Market based on the Product Type can be further segmented into Jerky, Sticks, Nuggets, and Others. The Jerky segment held the largest share owing to the factors such as the rise in the demand for jerky products that are made with artificial flavors and the increase in the product launches by the key players. The growing demand for black pepper jerky meat products in developed nations is driving the growth of the Meat Snacks Market. The Sticks segment is estimated to be the fastest-growing segment with a CAGR of 7.7% over the period 2021-2026. This growth is owing to the factors such as the growing investment by the key players to develop quality meat sticks that have natural ingredients and the increase in the disposable income of individuals among the young population.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=17806

Report Price: $4500 (Single User License)

Meat Snacks Market Segment Analysis-By Distribution Channel

The Meat Snacks Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Specialty Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the cost-effectiveness and the availability of a wide range of meat chips and potato chips with different brands and innovative artificial flavors. The presence of distinct product shelves coupled with attractive schemes in supermarkets is driving the growth of the Meat Snacks Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 7.9% over the period 2021-2026. This growth is owing to the factors such as the growing demand for digitalized shopping experiences among the customers and the rise in the demand for door-stop delivery.

Meat Snacks Market Segment Analysis-By Geography

The Meat Snacks Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 28% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of black pepper jerkies in developed nations and the increase in product launches by the key players that have natural ingredients. The rise in the demand for ready-to-eat meat snacks is driving the growth of the Meat Snacks Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the increase in the availability of a wide range of meat chips and potato chips and the growing investment by the key players to develop high-quality meat snack products.

Meat Snacks Market Drivers

Rise in the Adoption of Ready-to-eat Meat Snacks

Customers across the world are increasingly shifting towards ready-to-eat meat snacks owing to the growing adoption of meat products among the young population and the rise in consumer inclination towards ready-to-eat snacks. The key players across the world are focusing on developing high-quality black pepper meat snacks, which is one of the major factors driving the growth of the Meat Snacks Market.

Increase in the Customer Inclination towards Protein-Rich Snacks

The rise in the customer inclination towards high-protein snacks has propelled the demand for meat snacks products owing to their high protein content. Moreover, manufacturers are launching meat snacks with innovative artificial flavors owing to the rise in consumer inclination towards taste, which is further propelling the growth of the Meat Snacks Market.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=17806

Meat Snacks Market Challenges

Increasing Trend for Vegan Snacks

The key players in the market are increasing their investment to carry out various research and development activities for developing meat snacks made with natural ingredients. However, the increasing trends for vegan snacks owing to the rise in the prevalence of heart diseases and obesity is one of the major factors that is estimated to reduce the growth of the Meat Snacks Market.

Meat Snacks Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Meat Snacks Market. Key companies of this market are Conagra Brands, Inc, Golden Valley Natural, Jack Link’s LLC, Hormel Foods Corporation, The Meatsnacks Group, Nestl S.A, Monogram Food Solutions, LLC, Wilde Brands, Copperstone Foods, LLC, and Marfood USA Inc among others.

Acquisitions/Product Launches:

In March 2021, Wilde Brands has launched pork chips in four flavors that are made from 100% premium pork meat to enhance its offerings to the protein-based snacks category with its innovative flavors.

In November 2020, Conagra Brands, Inc has launched big flavor and bold protein meat snacks to capture growth by delivering innovative products to convenience customers across the world and to bring more meat snacks, salty snacks, and popcorn to its virtual showroom.

In October 2019, Jack Link’s LLC has launched protein meat snacks for bringing new consumers to the category and to create innovative protein destinations throughout the stores by working with retailers.

Key Takeaways

Geographically, the North America Meat Snacks Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the availability of a wide range of meat chips and potato chips.

The increase in the demand for black pepper jerky meat products in developed nations is driving the Jerky segment. However, increasing trends for vegan snacks owing to the rise in the prevalence of heart diseases and obesity is one of the major factors that is said to reduce the growth of the Meat Snacks Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Meat Snacks Market report.

Related Reports:

A. LATAM Meat Snacks Market

https://www.industryarc.com/Report/19162/latam-meat-snacks-market

B. Ready To Eat Snacks Market

https://www.industryarc.com/Report/16647/ready-to-eat-snacks-market.html

For more Food and Beverage Market related reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



Source link

Previous Post

Attendees and Talent Flock to Burbank for Annual Animation Expo at CTNX 2021

Next Post

COVID-19 Impact Assessment on Barrier Films Market 2022- Exclusive Report by MarketsandMarkets™

RelatedPosts

Infusion Pump Market: Growing adoption of specialty infusion systems
Press

Infusion Pump Market: Growing adoption of specialty infusion systems

 (EMAILWIRE.COM, March 20, 2023 ) The adoption of several specialty infusion pumps is on the rise globally. Patient-controlled...

by admin
March 20, 2023
Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period
Press

Methyl Soyate Market expected to hit USD1.57 Bn by 2029 throughout the forecast period

 (EMAILWIRE.COM, March 20, 2023 ) Pune 6 Mar 2023: As per the Maximize Market research, a global business...

by admin
March 20, 2023
Press

Electric Aircraft Market Worth $37.2 billion in 2030 at a CAGR of 19.8%

(EMAILWIRE.COM, March 20, 2023 ) The Electric Aircraft Market report provides an analysis of the market from 2022...

by admin
March 20, 2023
Award Ceremony Celebrates Best in LGBTQ Culture and Media!
Press

Award Ceremony Celebrates Best in LGBTQ Culture and Media!

   (EMAILWIRE.COM, March 20, 2023 ) LOS ANGELES - The top LGBTQ performers, celebrities and influentials turned out for...

by admin
March 20, 2023
Load More

Advertize

Latest Post

Giordano celebrates 30 years of operations in the Middle East          

Giordano celebrates 30 years of operations in the Middle East          

by admin
March 20, 2023

Global Video Management System (VMS) Market to Reach $21 Billion by 2027

Global Image Sensors Market to Reach $43.7 Billion by 2030

by admin
March 20, 2023

WorldVest Launches Africa Gold Corporation to Finance Gold Production

WorldVest Launches Africa Gold Corporation to Finance Gold Production

by admin
March 20, 2023

Informatic program to help drug discovery in Africa – Technology Today

by admin
March 20, 2023

BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

by admin
March 20, 2023

Weekly Political Compass 3.20.23 | Teneo

Weekly Political Compass 3.20.23 | Teneo

by admin
March 20, 2023

MENANEWS provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (MENANEWS) Submit press release or contact us today.

Share us

Subscribe To Our Newslatter

    • Middle East
    • North Africa
    • Global
    • Business
    • Finance
    • Technology
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us
    Menu
    • Middle East
    • North Africa
    • Global
    • Business
    • Finance
    • Technology
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    Browse by Category-

    Middle-East/ North Africa/ Global/ Business/ Finance / Technology/ Press/ About Us / PR Services / Submit PR / Contact us

    © 2023 Copyright MENANEWS

    Share us

    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Share on pinterest
    Pinterest