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Meatless Snacks Market Size Trends Overview and Analysis Future & Forecast Until 2027 expanding at a CAGR of nearly 8.7%
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The market is segmented based on product type, distribution channel, and region. The product type segment is further divided into jerky, chips, bars, and other snack foods. The jerky segment is expected to hold the largest market share due to its popularity as a protein-packed snack food. The distribution channel segment includes online, supermarkets/hypermarkets, convenience stores, and others. The online segment is expected to witness significant growth during the forecast period due to the increasing popularity of e-commerce and the growing demand for convenience.
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In terms of region, North America is expected to dominate the meatless snacks market due to the high adoption rate of plant-based diets and the presence of major players in the region. The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing awareness about the health benefits of plant-based diets and the growing demand for plant-based protein products in the region.
Some of the key players operating in the meatless snacks market include Beyond Meat, Inc., Primal Spirit Foods Inc., The Vegetarian Butcher, Monde Nissin Corporation, and Tyson Foods, Inc., among others. These players are focusing on product innovation and launching new plant-based snack foods to meet the growing demand for meatless snacks.
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In conclusion, the meatless snacks market is witnessing rapid growth due to the increasing demand for plant-based alternatives to traditional meat snacks. The market is expected to grow further during the forecast period, driven by the rising awareness about the health benefits of plant-based diets, increasing concerns about animal welfare, and the growing popularity of veganism. The key players in the market are focusing on product innovation and launching new plant-based snack foods to meet the growing demand.
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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