Press release
Meat Snacks Market to Reach $11.3 Bn by 2026
Meat Snacks Market
๐๐๐๐๐ฌ๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/6312
Factors Driving Growth
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 costs hinder 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
Segment Insights
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 the convenience offered by these products along with their unique taste.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/94cf0662f2d141f1a10a0433a7e67b94
Innovative Offerings:
In response to the burgeoning demand, industry players are diversifying their product portfolios to cater to health-conscious consumers. For instance, Jack Link's announced plans to introduce a new line of beef-flavored bars tailored for the North American market in 2020.
Market Analysis
The market analysis segments products based on type, nature, distribution channel, and region. Product types include jerky, sticks, bars, and others, with a distinction between organic and conventional offerings. Distribution channels encompass online and offline platforms, while regions examined span North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the global Meat snacks industry include Associated British Foods plc., Conagra Brands Inc., General Mills Inc., Golden Valley Natural, Hormel Foods Corporation, Jack Link's, Monogram Food Solutions, LLC., Meatsnacks Group, Nestle S.A., Tyson Foods, and others
Key Findings of the Study:
By product type, the bars segment is expected to register a CAGR of 6.80%.
โข By nature, the organic segment is expected to witness significant value sales meat snacks market growth
โข On the basis of distribution channel, the offline segment accounts for a higher value meat snacks market share.
โข Region wise, North America is estimated to garner a higher value share.
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