Press release
The Meat Snacks Market is expected to reach $17.75 billion by 2032, with a CAGR of 7.0%.
Meat Snacks Market
Market Introduction
Meat snacks are processed, ready-to-eat food products typically made from dried or cured meat like beef, pork, chicken, or turkey. They are often presented in forms like jerky, sticks, or bars and are known for their high protein content, making them a popular, convenient snack option for people looking for a quick protein boost on the go. They are often considered a good source of protein with low carbohydrates but can also be high in sodium, depending on the processing methods and ingredients used. A few examples of such meat snacks include jerky, meat sliders, meat bars, beef sticks, and sausages. Consumers are increasingly looking for healthier, minimally processed varieties with natural ingredients and reduced additives.
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Growth Drivers and Opportunities
• A major contributor to the growth of the meat snacks market is the ongoing health and wellness trend.
• The desire for easy snacking choices has also been a driving force behind the growth of the market for meat snacks.
• The development of new flavors to boost the attractiveness of meat snacks is also fueling market demand for these products.
• The meat snacks market is witnessing a significant increase, driven by the growing recognition of the health advantages linked to protein intake.
Key Players in Market
The meat snacks market is highly competitive, fueled by elements such as changing consumer preferences, technological progress, and an emphasis on creativity and promotion. A few of the key players influencing this market are:
• Bridgford Foods Corporation
• Chef's Cut Real Jerky
• Conagra Brands, Inc.
• Country Archer Provisions
• Hormel Foods
• KRAVE PURE FOODS, INC,
• Link Snacks, Inc.
• Oberto
• Old Wisconsin Sausage, Inc.
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Meat Snacks Market Report Highlights
• Jerky segment accounted for over 44% share in 2023 due its affordability, convenience, and universal taste preferences also it has good shelf life.
• Meat sticks segment expected to hold highest CAGR about 7.3% over forecast period. Due to meat sticks, such as beef sticks, are favored for their soft texture, offering convenience, high protein, and low carb content to consumers.
• Beef source segment holds the over 45.5% share of the market in 2023, due to its long shelf life and various flavors and its availability in across various retail outlets, also consumers rising preference.
• Pork source segment is accounted for over 25.4% share in 2023 and forecasted to reached at 26% in 2032. Pork, renowned for its versatility and protein content, is exemplified in pork jerky, prized for its tender texture and flavor adaptability.
• Plain category segment is expected to hold about 34.6% share during 2024-2032 forecast period. Plain meat offering the natural taste of meat without added seasonings and catering to dietary preferences with simpler ingredient lists.
Regional Analysis
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands.
• Rest of Europe
Segmental Overview
• The market segmentation is primarily done based on type, source, category, distribution channel, and region.
• The jerky segment, based on type, leads the meat snacks market due to its attractiveness based on cost-effectiveness, convenience, and widespread flavor appeal.
• Based on source, the pork segment is anticipated to hold the largest market share throughout the forecast period. Pork is a flexible and popular meat around the world, valued for its rich protein levels and various cooking uses.
Meat Snacks Market, Source Outlook (Revenue - USD Million, 2019-2032)
• Beef
• Chicken
• Pork
• Others
Meat Snacks Market, Category Outlook (Revenue - USD Million, 2019-2032)
• Plain
• Flavored
Meat Snacks Market, Distribution Channel Outlook (Revenue - USD Million, 2019-2032)
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail
• Others
Meat Snacks Market, Type Outlook (Revenue - USD Million, 2019-2032)
• Jerky
• Meat Sticks
• Sausage
• Others
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