Global Meat Snacks Market Overview
The global Meat Snacks market was valued at USD 3103.04 million in 2019 and is expected to reach USD 4577.56 million by the year 2025, at a CAGR of 6.80%.
Meat snacks are one of the most popular food in the snack category. Due to the rapid urbanization across the globe and a better standard of living, the market for meat snacks is mushrooming its growth. An increasing number of travelers and commuters are the major target audience for the growth of the market.
The introduction of new flavors and varieties in the processed meat products like barbeque, teriyaki, paprika, and many others are the major driving factor for the growth of the market. Among the leisure and business traveler, the specific meat snack market is gaining popularity due to the easy accessibility and the availability of it. With the easy availability of gas and eatables in the convenience stores, the production of jerky and strip meat snack is rapidly increasing in the market.
By the end of 2027, the Meat Snacks market size is estimated to be at USD 5237.48 million due to the high demand from the North-American and European regions from the increasing number of business travelers in those regions.
An increase in demand for easily accessible food, saltier & delicious snacks, and the increase in the income of the targeted audience are the key factors for boosting the growth of the meat snacks market. The market is further segmented into product type, sources, distribution channel, and major regions like North-America, Latin America, Asia-Pacific, Europe, and MEA.
The new busy lifestyle and the preference to have convenient food has increased the demand for this market especially for the processed products like sausages, jerky, or strips of meat. Millennials have increased the market size exponentially because of their preference for lower sodium and easily accessible snacks and the trend for ‘to-go- food for their busy lifestyle is driving the market in a positive pace.
Impact of COVID-19 on Meat Snacks Market
The report includes the impact of COVID-19 on the food and beverages industry and specifically on the Meat Snacks market. Due to the lockdown across the globe and the hysteria of pandemic across every country, the market of meat snacks took a slight hit. Most convenience stores and the Hyper and supermarket were closed hence there was a slight decrease in the supply chain of the market.
Although, the online retail stores were not much impacted due to Covid-19 as new strategies and trends were formed by the companies for the production of the products which affected positively for the Meat Snacks Market.
Market Segmentation
By product type, the market is segmented into |
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Based on Distribution Channel, the segment is sub-segmented into |
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Regions and Countries Level Analysis: |
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Product Type Insights:
The sausages segment is dominating the market with a market share of 35.32% and at the market size of USD 1097.19 million in the year 2019 with a CAGR of 6.86%. Although, the segment of Jerky was the largest segment in the year 2018 with the highest CAGR of 7.54%
Distribution Channel Insights:
The offline retail store's segment dominates the market with a market share of 31.23% and the market size at USD 970.02 million in the year 2019. With the highest CAGR of 6.85% to 8.24%, the market size of the offline retail segment is expected to increase to USD 1435.27 million in the year 2027 approximately.
Regional Insights:
According to the regional analysis, North-America is dominating the market with the largest market share of 56.36% and the market size of USD 1744.72 million in the year 2019 and is expected to have a market size of USD 2479.98 million in the year 2025 with the CAGR of 6.12%.
Due to the high demand from the manufacturers from domestic as well as international markets increased the market size for the North-American region. Products like jerky, meat sticks, and popcorns are high in demand in the United States which has the largest contribution to the growth of the market.
Major Key Players Considered in the Market
- Conagra
- Hormel Foods
- Jack Link’s
- King Elite snacks
- Marfood USA
- Meatsnacks group
- Bridgford food
- Associated British Foods Plc.
- Golden Valley Natural
- General Mills Inc.,
- Monogram Food Solutions LLC
Salient Features of the Meat Snacks Market
The approximate expected value for the Meat Snacks was USD 3103.04 million in 2019, and it is expected to reach USD 4577.56 million by 2025.
- The major driver for the meat snack market is the increased demand for snacks that are rich in protein, nutrients, and vitamins like B12 which is attracting the major players to manufacture this market.
- The rapid growth of the online retail stores and the pandemic is boosting the growth of the market rapidly which is providing the target audience snacks on-the-go.
- Although North-America and Europe dominate the market, developing countries like India, China are contributing in the growth of the market due to the high demand for meat snacks like sausages that are being manufactured in different flavors and sizes.
Frequently Asked Questions :
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1. What was the size of Meat snacks market in 2018?
The size of Meat Snacks Market in the year 2018 was estimated at USD 2914.64 million.
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2. What was the market size during the impact of COVID-19?
The estimated market size for the global Meat Snacks is valued at USD 3305.63 million in the year 2020.
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3. What size is the Meat Snacks market expected to take in terms of volume and value during the study period?
The market size is estimated to be USD 5237.48 million in the year 2027.
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4. Which are the major key players for the Meat Snacks market?
Conagra, Hormel Foods, Jack Link’s, King Elite snacks, Marfood USA, Meatsnacks group, Bridgford food, Associated British Foods Plc., and Others.
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5. What are the segments for Meat Snacks market?
The market is segmented into product type, source, distribution channel, nature, and main regions like North-America, Asia-Pacific, Latin America, MEA and Europe.
Table of Content Chapter 1 About the Meat Snacks Industry 1.1 Industry Definition 1.1.1 Types of Meat Snacks industry 1.1.1.1 Beef 1.1.1.2 Pork 1.1.1.3 Chicken 1.1.1.4 Goose 1.1.1.5 Others 1.2 Main Market Activities 1.3 Similar Industries 1.4 Industry at a Glance Chapter 2 World Market Competition Landscape 2.1 Meat Snacks Markets by Regions 2.1.1 USA Market Revenue (M USD) and Growth Rate 2013-2019 Market Revenue (M USD) Sales and Growth Rate 2013-2019 Major Players Revenue (M USD) in 2019 2.1.2 Europe Market Revenue (M USD) and Growth Rate 2013-2019 Market Revenue (M USD) Sales and Growth Rate 2013-2019 Major Players Revenue (M USD) in 2019 2.1.3 China Market Revenue (M USD) and Growth Rate 2013-2019 Market Revenue (M USD) Sales and Growth Rate 2013-2019 Major Players Revenue (M USD) in 2019 2.1.4 India Market Revenue (M USD) and Growth Rate 2013-2019 Market Revenue (M USD) Sales and Growth Rate 2013-2019 Major Players Revenue (M USD) in 2019 2.1.5 Japan Market Revenue (M USD) and Growth Rate 2013-2019 Market Revenue (M USD) Sales and Growth Rate 2013-2019 Major Players Revenue (M USD) in 2019 2.1.6 South East Asia Market Revenue (M USD) and Growth Rate 2013-2019 Market Revenue (M USD) Sales and Growth Rate 2013-2019 Major Players Revenue (M USD) in 2019 2.2 World Meat Snacks Market by Types Beef Pork Chicken Goose Others 2.3 World Meat Snacks Market by Applications 2.4 World Meat Snacks Market Analysis 2.4.1 World Meat Snacks Market Revenue and Growth Rate 2013-2019 2.4.2 World Meat Snacks Market Consumption and Growth rate 2013-2019 2.4.3 World Meat Snacks Market Price Analysis 2013-2019 Chapter 3 World Meat Snacks Market share 3.1 Major Production Market share by Players 3.2 Major Revenue (M USD) Market share by Players 3.3 Major Production Market share by Regions 2013-2019 3.4 Major Revenue (M USD) Market share By Regions 2013-2019 Chapter 4 Supply Chain Analysis 4.1 Industry Supply chain Analysis 4.2 Raw material Market Analysis 4.2.1 Raw material Prices Analysis 2015-2019 4.2.2 Raw material Supply Market Analysis 4.2 Manufacturing Equipment Suppliers Analysis 4.3 Production Process Analysis 4.4 Production Cost Structure Benchmarks 4.5 End users Market Analysis Chapter 5 Company Profiles 5.1 Slim Jim 5.1.1 Company Details (Foundation Year, Employee Strength and etc) 5.1.2 Product Information (Picture, Specifications and Applications) 5.1.3 Revenue (M USD), Price and Operating Profits 5.2 Jack Link’s 5.2.1 Company Details (Foundation Year, Employee Strength and etc) 5.2.2 Product Information (Picture, Specifications and Applications) 5.2.3 Revenue (M USD), Price and Operating Profits 5.3 Epic 5.3.1 Company Details (Foundation Year, Employee Strength and etc) 5.3.2 Product Information (Picture, Specifications and Applications) 5.3.3 Revenue (M USD), Price and Operating Profits 5.4 Omnibar 5.4.1 Company Details (Foundation Year, Employee Strength and etc) 5.4.2 Product Information (Picture, Specifications and Applications) 5.4.3 Revenue (M USD), Price and Operating Profits 5.5 Hormel 5.5.1 Company Details (Foundation Year, Employee Strength and etc) 5.5.2 Product Information (Picture, Specifications and Applications) 5.5.3 Revenue (M USD), Price and Operating Profits 5.6 Austin 5.6.1 Company Details (Foundation Year, Employee Strength and etc) 5.6.2 Product Information (Picture, Specifications and Applications) 5.6.3 Revenue (M USD), Price and Operating Profits 5.10 Old Wisconsin 5.10.1 Company Details (Foundation Year, Employee Strength and etc) 5.10.2 Product Information (Picture, Specifications and Applications) 5.10.3 Revenue (M USD), Price and Operating Profits Chapter 6 Globalisation & Trade 6.1 Business Locations 6.2 Supply channels 6.3 Marketing strategy 6.4 Barriers to Entry Chapter 7 Distributors and Customers 7.1 Major Distributors and contact information by Regions 7.2 Major Customers and contact information by Regions Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries 8.1 USA 8.2 Germany 8.3 China 8.4 Japan 8.5 India Chapter 9 World Meat Snacks Market Forecast through 2023 9.1 World Meat Snacks Demand by Regions Forecast through 2023 9.2 World Meat Snacks Price(by Regions, Types, Applications)Analysis Forecast through 2023 9.3 World Meat Snacks Revenue (M USD)(by Regions, Types, Applications) Forecast through 2023 9.4 World Meat Snacks Market Analysis 9.4.1 World Meat Snacks Market Revenue and Growth Rate through 2023 9.4.2 World Meat Snacks Market Consumption and Growth rate through 2023 9.4.3 World Meat Snacks Market Price Analysis through 2023 Chapter 10 Key success factors and Market Overview
Tables and figures Table Main Market Activities by Regions Table Market Revenue (M USD) and Growth Rate 2013-2019 Table Major Players Revenue (M USD) in 2019 Table Market Revenue (M USD) and Growth Rate 2013-2019 Table Major Players Revenue (M USD) in 2019 Table Market Revenue (M USD) and Growth Rate 2013-2019 Table Major Players Revenue (M USD) in 2019 Table Market Revenue (M USD) and Growth Rate 2013-2019 Table Major Players Revenue (M USD) in 2019 Table Market Revenue (M USD) and Growth Rate 2013-2019 Table Major Players Revenue (M USD) in 2019 Table Major Production Market share by Players 2019 Table Major Revenue (M USD) Market share by Players 2019 Table Production Market share by Major Regions in 2019-2019 Table Production Market share by Major Regions in 2020-2023 Table Revenue (M USD) Market share by Regions in 2019-2019 Table Revenue (M USD) Market share by Regions in 2020-2023 Table Industry Supply chain Analysis Table Raw material Prices Analysis 2015-2019 Table Raw material Suppliers Market Analysis Table Manufacturing Equipment Suppliers Analysis Figure Production Process Analysis Figure Production Cost Structure Table major End Users by Regions Table Slim Jim Information List Figure Meat SnacksMeat Snacks Picture, Specifications and Applications of Slim Jim Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Slim Jim 2019 Figure Meat Snacks Sales Volume and World Market Share of Slim Jim 2019 Table Jack Link’s Information List Figure Meat Snacks Picture, Specifications and Applications of Jack Link’s Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Jack Link’s 2019 Figure Meat Snacks Sales Volume and World Market Share of Jack Link’s 2019 Table Epic Information List Figure Meat Snacks Picture, Specifications and Applications of Epic Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Epic 2019 Figure Meat Snacks Sales Volume and World Market Share of Epic 2019 Table Omnibar Information List Figure Meat Snacks Picture, Specifications and Applications of Omnibar Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Omnibar 2019 Figure Meat Snacks Sales Volume and World Market Share of Omnibar 2019 Table Hormel Information List Figure Meat Snacks Picture, Specifications and Applications of Hormel Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Hormel 2019 Figure Meat Snacks Sales Volume and World Market Share of Hormel 2019 Table Austin Information List Figure Meat Snacks Picture, Specifications and Applications of Austin Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Austin 2019 Figure Meat Snacks Sales Volume and World Market Share of Austin 2019 Table Old Wisconsin Information List Figure Meat Snacks Picture, Specifications and Applications of Old Wisconsin Table Meat Snacks Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Old Wisconsin 2019 Figure Meat Snacks Sales Volume and World Market Share of Old Wisconsin 2019 Table Business Locations Figure Supply channels Figure Marketing strategy Table Barriers Analysis to Entry Table Major Distributors and contact information by Regions Table Major Customers and contact information by Regions Table USA Supply, Import, Export, Consumption and Consumption Value(M USD) Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD) Table China Supply, Import, Export, Consumption and Consumption Value(M USD) Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD) Table India Supply, Import, Export, Consumption and Consumption Value(M USD) Table World Demand by Regions Forecast Analysis of Meat Snacks (2019-2023) Table World Price by Regions Forecast Analysis of Meat Snacks (2019-2023) Table World Price by Types Forecast Analysis of Meat Snacks (2019-2023) Table World Price by Applications Forecast Analysis of Meat Snacks (2019-2023) Table World Revenue (M USD) by Regions Forecast Analysis of Meat Snacks (2019-2023) Table World Revenue (M USD) by Types Forecast Analysis of Meat Snacks (2019-2023) Table World Revenue (M USD) by Applications Forecast Analysis of Meat Snacks (2019-2023)