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Meat Snacks Market worth $26.54 billion by 2030, growing at a CAGR of 6.49% - Exclusive Report by 360iResearch
Meat Snacks Market | 360iResearch
The Global Meat Snacks Market to grow from USD 17.08 billion in 2023 to USD 26.54 billion by 2030, at a CAGR of 6.49%.
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Meat snacks refer to convenient food products that are processed with different meat raw materials and are offered to consumers in ready-to-eat formats. They are made of several types of meat, including beef, turkey, and pork. Such snacks are rich in the nutrient vitamin B12, proteins, and elements such as iron and niacin. The rising health consciousness and growing awareness about protein consumption, coupled with the availability of meat snack options through e-commerce platforms, have led to a surge in demand for meat snacks. Meat snacks and animal meat are rich in essential amino acids and non-essential amino acids, making them a favorable choice for consumers aiming to increase daily protein intake. Consumer preference for convenience and home-delivered food alternatives is rapidly increasing, causing a surge in demand for ready-to-eat meat snacks. However, the rising number of product recalls and growing incidences of allergies and health alerts raise concerns about the consumption of meat snacks among those prone to allergy attacks. Additionally, stringent food packaging requirements and concerns about the presence of genetically modified material in meat products impede the consumption of meat products. To tackle regulatory concerns, major stakeholders are investing in improving the quality assurance procedures and ensuring adherence to regulatory guidelines. Additionally, integration of AI and advancements in food technology to improve food quality are increasing rapidly. Such innovations aim to increase the shelf life of products and improve compliance with regulations through the adoption of better quality control strategies.
The meat snacks market in the Americas is rapidly expanding, driven by the efforts of major manufacturers to produce next-generation meat snacks. This increase can be attributed to the presence of robust food-processing and storage strategies, which have expanded the shelf life and taste of food products. Established brands in the USA are constantly innovating their range of food products that improve customer involvement and satisfaction with the brand. Constantly evolving research activities in the meat snacks manufacturing industry sector coupled with utilization of AI to create novel meat snack options based on consumer preferences have boosted the industry. Additionally, rising awareness about the health benefits of protein consumption, the demand for meat foods is growing in European nations, including UK, France, and Germany. The presence of gluten-free and nut-free alternatives has also driven consumption among consumers with food allergies and intolerance. Meat snacks are largely utilized by frequent travelers in countries including China, South Korea and India. The growing presence of e-commerce companies and distribution channels has led to a surge in meat consumption among the youth. To cater to the diverse taste and flavor preferences of citizens, manufacturers offer meat snacks based on local cuisine to promote brand loyalty and customer satisfaction.
Market Segmentation & Coverage:
This research report categorizes the Meat Snacks Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Bars, Bites, Jerky, Sticks, and Strips. The Strips is projected to witness significant market share during forecast period.
Based on Meat Type, market is studied across Beef, Chicken, Pork, and Turkey. The Chicken is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Commercial and Residential. The Residential is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Meat Snacks Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Meat Snacks Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Meat Snacks Market, highlighting leading vendors and their innovative profiles. These include Ayoba, Brooklyn Biltong, Conagra Brands, Inc., Country Archer Provisions, General Mills Inc., Hormel Foods Corporation, Jack Link's, LLC, Kepak Group Limited, Mountain America Jerky, New World Foods Europe by Valeo Foods Group, Old Trapper Smoked Products, Inc., PepsiCo, Inc., Perky Jerky, LLC, Premium Brands Holdings Corporation, Smokehouse Products., Sonomo Brands Capital, Tanka Bar by Native American Natural Foods, The New Primal, Three Jerks, Tillamook Country Smoker, Tyson Foods, Inc., Wenzel's Farm, LLC., and Wild Zora Foods, LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Meat Snacks Market, by Product
7. Meat Snacks Market, by Meat Type
8. Meat Snacks Market, by Distribution Channel
9. Meat Snacks Market, by End-Use
10. Americas Meat Snacks Market
11. Asia-Pacific Meat Snacks Market
12. Europe, Middle East & Africa Meat Snacks Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Meat Snacks Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Meat Snacks Market?
3. What is the competitive strategic window for opportunities in the Meat Snacks Market?
4. What are the technology trends and regulatory frameworks in the Meat Snacks Market?
5. What is the market share of the leading vendors in the Meat Snacks Market?
6. What modes and strategic moves are considered suitable for entering the Meat Snacks Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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