The Meat snacks market is anticipated to reach a worth of US$ 10.1 billion by 2022 and then grow at a CAGR of 7.7% from 2022 to 2032, hitting US$ 21.3 billion by 2032.
Meat snacks are now available in refrigerators and the ambient aisles of retailers, in addition to convenience stores. Several supermarkets feature dedicated end-cap displays for meat snacks.
They are available to travellers at sporting goods shops, booths, cafes, and vending machines. Sales have increased significantly as a result of the improved product visibility.
To capitalise on impulse purchases, marketers frequently employ sophisticated retail merchandising equipment such as racks and displays for optimal assortment and positioning.
Because of the high protein content of goods such as tuna, prawns, and crabs, demand for plant-based seafood will rise significantly over the evaluation period. As more individuals switch from plant-based to animal-based meat, demand for meat products is expected to climb. The big players are concentrating on generating plant-based meat that is as tasty, delicate, and nourishing as animal meat.
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Key Takeaways from Market Study
- Sales of meat snacks are expected to increase at 8% and 7.7% CAGR in North America and the Latin America, respectively, through 2032.
- Asia Pacific is expected to account for 30% market share during assessment year.
- Europe meat snacks market is expected to reach US$ at 2.2 Bn over the forecast period on the back of rising consumption of meat food products
- By product type, the food industry holds the highest market share and is expected to increase at a CAGR of 5.6%.
Competitive Landscape
Key manufacturers of meat snacks market are focusing on research & development to offer different varieties of plant-based and sugar-free meat products. Key players are collaborating and developing new product lines to penetrate untapped markets
- Hormel Foods Corp expands its Columbus® Craft Meats brand by launching Columbus® Pepperoni Paninos in retail stores. The y are dried and premium quality pepperoni rolled with mozzarella cheese and prepared using specific cuts of pork mixed with authentic spices.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global meat snacks market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Meat Snacks Market By Category
By Product Type:
- Jerky
- Sticks
- Sausages
- Others (Pickles, Bars)
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
The report covers exhaustive analysis on:
- How much is the global meat snacks market worth?
- What is the demand outlook for the meat snacks market globally?
- What was the last 5-year CAGR for the meat snacks market?
- At what rate will meat snacks demand grow in Europe?
- At what rate will meat snacks demand grow in North America?
Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market
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