Meat Snacks Market Research Report, Competitor Strategy, Key Players, Industry Trend, Demand, Business Opportunity and Forecast to 2024

Market Scenario

The global Meat Snacks Market accounted for USD 5.0 billion in 2018 and is expected to register 3.7% CAGR during the forecast period, 2019 to 2024. The meat snacks market is highly fragmented, with a large number of players present in the market. Meat snacks have gained popularity due to the demand for high-protein convenient snack products. The increasing disposable income in developing countries is another driving factor for the growth of the market. The manufacturers are spending highly on the development of innovative products and flavors considering, consumer preferences, which is further boosting the market growth. However, the increasing prevalence of heart diseases, obesity, and diet-related diseases have restrained the growth of the factor. The growing trend for veganism and decreasing demand for red meat are the major challenges faced by the meat snacks manufacturers.

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Segmentation

The global meat snacks market has been segmented based on product type, source, distribution channel, and region.By product type, the global meat snacks market has been bifurcated into jerky, steak bites, bars, and others.Based on source, the global meat snacks market has been classified into pork, beef, poultry, and others. Based on distribution channel, the global meat snacks market has been divided into store-based and non-store-based. The store-based segment is further classified into hypermarkets & supermarkets, convenience stores, and others.The global meat snacks market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American meat snacks market has further been categorized as the US, Canada, and Mexico. The European meat snacks market has been segmented into Germany, France, Italy, Spain, the UK, and the rest of Europe. The meat snacks market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The meat snacks market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players

Meatsnacks Group (UK), Werner Gourmet Meat Snacks (US), Conagra Brands, Inc. (US), Monogram Food Solutions, LLC. (US), Marfood USA, Inc. (US), Hormel Foods Corporation (US), Big Chief Meat Snacks Inc.(Canada), Link Snacks, Inc. (US), Nestlé USA, Inc. (US), Oberto Sausage Co, Inc. (US), Bridgford Foods Corporation (US), Golden Valley Dairy Products (US), FireCreek Snacks (US), Country Archer Jerky Co.(US), Stafford Meat Company (US), Copperstone Foods, LLC (US) are some of the key players in the global meat snacks market

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Regional Market

North America is expected to dominate the market for meat snacks during the forecast period. The vast consumer base for meat and meat products and increasing demand for healthy and high-protein snacks are the major driving factor for meat snacks market. The US accounted for the major market share in the region. Asia-Pacific is projected to grow with the fastest CAGR during the forecast period.

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This release was published on openPR.