DUBLIN, May 1, 2020 /PRNewswire/ -- The "Meat Snacks Market: Growth, Trends and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global meat snacks market is expected to register a CAGR of 9% during the forecast period, 2019 to 2024.
The market is driven by the increased demand for snacks that are rich in nutrients, such as omega-3s, iron, and vitamin B12. The portable snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector will also aid the growth of the market by offering a wide array of meat snacks for online purchase.
Key Market Trends
Increasing Popularity of Sausages, Globally
Consumers are increasingly purchasing three major varieties of meat snacks, such as jerky, sticks, and sausages. While jerky is popular in North America and Europe, sausages are increasingly gaining market shares in non-traditional countries, such as India and China. Brands, like Conagra, are offering pickled sausages in several flavors and pack sizes to meet the unique preferences of consumers. Also, the launch of different product forms, like handmade sausage crisps, are expected to have a positive impact on the market demand as well.
North America Witnessed Highest Revenues
The United States is the largest market in North America and worldwide, wherein meat snacks are seen as basic food products. Beef is the single largest meat type in the country. People in the region, especially individuals following an active and healthy lifestyle, are opting for peppered flavor beef jerky due to its health benefits and taste. Moreover, with the increasing popularity of grab and go protein snacks, producers of jerky and dried meat snacks are capitalizing on the concept by introducing new products to meet the growing demand.
Conagra Brands Inc., Hormel Foods Corporation, THANASI FOODS, and JACK LINK'S LLC, are some of the companies leading the meat snacks market. Major players have focused on the long-term strategies, involving product and flavor innovation, as the market demand is shifting toward a region-specific and exotic range of flavors. Additionally, a large number of international players are expanding their geographical presence to expand their customer reach.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.4 Other Product Types
5.2 By Distribution Channel
5.2.1 Convenience Stores
5.2.3 Online Retailers
5.2.4 Other Distribution Channels
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Conagra Brands Inc.
6.4.2 Hormel Foods Corporation.
6.4.3 JACK LINK'S LLC
6.4.4 Golden Valley Natural
6.4.5 The Meatsnacks Group
6.4.6 Bridgford Foods Corporation
6.4.7 Monogram Food Solutions LLC
6.4.8 Nestle S.A.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/7eo2np
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