Meat snacks market size is expected to grow from US$12,169. 01 million in 2022 at US$17,680. 68 million by 2028; it is expected to grow at a CAGR of 6.4% from 2022 to 2028. Meat snacks are prepared with beef, chicken, pork, fish, lamb or other meats.
New York, Nov. 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Meat Snacks Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type, Source, Category, and Distribution Channel” – https://www.reportlinker.com/p06362986/?utm_source=GNW
Consumers are very concerned about the quality of the products and the ingredients used.
They increasingly prefer organic, all-natural, additive-free products. That’s why manufacturers are launching certified organic products free of synthetic flavors, colors, additives and genetically modified organisms.
For example, Applegate, a 100% subsidiary of Hormel Foods, launched “The Great Organic Blend Burger”. The burger is made by mixing meat with mushrooms.
It’s made with 100% organic grass-fed beef, organic turkey, mushrooms, and rosemary extracts, making it nutritious and flavorful. Additionally, Organic Valley, a US-based cooperative, offers USDA (United States Department of Agriculture) certified organic beef sticks and sausages made from 100% grass-fed beef. These products are free of artificial colors, flavors, preservatives and genetically modified organisms (GMOs). The launch of these products is expected to significantly boost the meat snacks market growth in the coming years.
On the basis of distribution channel, the meat snacks market is segmented into supermarkets & hypermarkets, convenience stores, online retail and others. Supermarket & hypermarket segment accounted for the largest meat snacks market share in 2021, while online retail segment is expected to account for the highest CAGR from 2022 to 2028.
Supermarkets and hypermarkets are large retail establishments that carry a wide range of groceries, food items, beverages, and other household items. Products of various brands are available at reasonable prices in these stores, allowing shoppers to quickly find the right product.
Moreover, these stores offer attractive discounts, multiple payment options and a pleasant customer experience. Supermarkets and hypermarkets focus on maximizing product sales to increase their profit margins.
Manufacturers of meat snacks generally prefer to sell their products in supermarkets and hypermarkets due to the high traffic in these stores. Growing urbanization, increasing working population and competitive prices are increasing the popularity of supermarkets and hypermarkets in both developed and developing regions. In addition, these stores have modern storage facilities that guarantee ideal storage conditions for meat snacks. Rising sales of meat snacks in supermarkets and hypermarkets are driving the growth of the market.
By region, the meat snacks market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). In 2021, North America held the majority of meat snacks. market share; however, Asia-Pacific is estimated to register the fastest CAGR from 2022 to 2028.
Rising population, rapid urbanization and changing consumption habits of people are supporting the growth of meat snacks market across Asia Pacific. According to Asia Research and Engagement (ARE), Pakistan, Vietnam and Thailand are the top beef consuming countries in Asia. Peaceful.
This factor offers significant growth opportunities for beef snack manufacturers in the region. However, owing to the religious sentiments associated with beef consumption in India, the demand for poultry meat is increasing, which is driving the market for chicken and poultry meat snacks.
The major players operating in the meat snacks market are Tyson Foods Inc, Bridgford Foods Corporation, General Mills Inc, Werner Gourmet Meat Snacks, Premium Brands, Hormel Foods Corporation, Conagra Brands Inc, Link Snacks Inc, Country Archer Provisions and Organic Valley among the others. These players are engaged in developing affordable and innovative products to meet growing customer demands and expand their market share.
The global meat snacks market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
Additionally, several primary interviews were conducted with industry participants to validate the data and gain more analytical insights on the topic. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers, national sales managers and external consultants, such as valuation experts , research analysts and key opinion leaders, specializing in the meat snacks market.
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