Press release
Meat Snacks Market Showing Impressive Growth during Forecast Period 2019-2026 | Conagra Brands Inc., General Mills Inc., Golden Valley Natural
Meat Snacks Market
๐๐๐๐๐ฌ๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/6312
The meat snack business has been enduring significant rate of growth, in terms of value sales due continuous improvisations and innovations in exiting product types by key manufacturers in the global meat snacks market. As a the fastest growing snack food segment, the meat snack market has garnered a wide base of customers specifically seeking for high protein and flavored snacks. Jerky, sticks, bars, and sausages are some of the main product types gaining higher level of traction among target customers.
Rise in demand for convenience food, developing retail structure, surge in preference for salty snacks, and trend of innovation drive the global meat snacks market. However, high manufacturing cost hinders the market growth. On the other hand, advent of social media marketing and the trend of premiumization provide new opportunities in the industry.
๐๐๐ฏ๐ ๐๐ฎ๐๐ซ๐ข๐๐ฌ? ๐๐๐ฅ๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/6312
๐ป๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐
Based on product type, the jerky segment contributed to more than two-fifths of the total share of the global meat snacks market in 2018, and is expected to retain its leadership position during the forecast period. This is attributed to its popularity in dominant regions such as North America and availability at affordable rates. However, the bars segment is expected to grow at the highest CAGR of 6.8% from 2019 to 2026. This is due to convenience offered by these products along with their unique taste.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/94cf0662f2d141f1a10a0433a7e67b94
๐ต๐๐๐๐ ๐จ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐
Based on region, North America accounted for the largest market share in terms of revenue, accounting for nearly two-fifths of the global meat snacks market in 2018, and is expected to maintain its dominance during the forecast period. This is due to surge in rate of snack food consumption, rise in demand for convenience food products, and expansion of number of domestic and international manufacturers in the region. On the other hand, Asia-Pacific is expected to witness the highest CAGR of 6.6% from 2019 to 2026. This is attributed to rise in demand for convenience food products along with surge in number of millennial populations.
๐๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐-
โกAssociated British Foods plc.
โกConagra Brands Inc.
โกGeneral Mills Inc.
โกGolden Valley Natural
โกHormel Foods Corporation
โกJack Links
โกMonogram Food Solutions, LLC.
โกMeatsnacks Group
โกNestle S.A.
โกTyson Foods
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฆ๐๐๐ฑ๐:
โก๏ธBy product type, the bars segment is expected to register a CAGR of 6.80%.
โก๏ธBy nature, the organic segment is expected to witness significant value sales meat snacks market growth
โก๏ธOn the basis of distribution channel, the offline segment accounts for a higher value meat snacks market share.
โก๏ธRegion wise, North America is estimated to garner a higher value share.
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