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Meat Snacks Market Global Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis

September 2021 | 110 pages | ID: MD90162EE401EN
Renub Research

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In recent years, the consumption of meat snacks has increased substantially due to the tendency to reduce caloric intake, lack of time, and increased consumption of foods with high vitamin, protein, or mineral content. Meat snacks are an essential part of people's diets and constitute one of the fastest-growing food industry segments. It is a ready-to-eat (RTE) food product made using dried and dehydrated animal-derivative raw materials with added flavourings and seasonings.

The meat snacks industry is growing epic, with innovative flavours to unique protein and ingredients. Millennia are driving the snacking trend, and they prefer less processed items with more natural and lower-sodium ingredients with taste and trendy flavours. The escalating demand for convenient and healthy snacking items on account of hectic lifestyles and inflating disposable incomes represents one of the significant factors propelling the global meat snacks market growth. According to Renub Research, Global Meat Snacks Market will be US$ 14.31 Billion by 2027.

Based on Product - Jerky Meat segment holds the Largest Market Share

The global meat snacks industry is segmented into Sticks, Jerky, Bars, and Others. The jerky segment dominated the market and held the largest market share, as various types of meat jerky were made available quickly. Traditionally jerky was marketed as an affordable, flavoursome snack and convenient and was primarily available at gas stations and convenience stores.

Apart from this, meat sticks are considered the fastest-growing market segment. Consumers are increasingly purchasing ready-to-eat meat sticks and bars snacks from traditional grocery stores or supermarkets. Meat sticks and bars snacks have many flavours and recipes packed very attractively to draw customers' attention. The huge protein content in the product acts as a vitality booster which boosts the sales of meat snacks. As per this research report, the Worldwide Meat Snacks Market size will grow with a CAGR of 5.95% during (2020-2027).

Regional Analysis of Meat Snacks Industry

The Asia Pacific is seeing a rise in the rate of snack food consumption, the surge in demand for convenience food products, wherein meat snacks are seen as primary food products in China. The increase in meat snack consumption in China is partly attributable to a change in consumer eating habits; many young consumers found it more convenient to eat hardier snacks and less frequent meals. The prevalence of meat snacks in China is rising.

Besides, the United States is the largest market for meat snacks in North America. According to The Simmons National Consumer Survey (NHCS) the United States Census, 50.0% of the U.S. population, nearly 160 Million people, eats meat snacks and beef jerky regularly. In the U.S., jerky was one of the most popular meat appetizers in 2020. As per our research findings, Global Meat Snacks Industry was US$ 9.55 Billion in 2020.

Impact of COVID-19 on Global Meat Snacks Market

The spread of the coronavirus pandemic (COVID-19) is a vital rise in the demand for packaged food items, such as meat snacks. Still, disrupted supply chains and inadequate workforce shortages are hampering market growth. Nevertheless, the market is expected to revive once normalcy is regained.

Nestl? Group, Hormel Foods, Conagra Brands, Bridgford Foods, and Hershey lead the meat snacks market. Major players have focused on long-term strategies, flavours, innovation, and product involvement, as the market demand is shifting toward a region-specific and exotic range of tastes.

Renub Research latest report “Global Meat Snacks Market by product (Jerky, Sticks, Bars, and Others), Nature (Organic, Conventional), Distribution Channel (Off-Line and On-Line), Region ( North America, Europe, Asia Pacific and Others), Company Analysis (Nestl? Group, Hormel Foods, Conagra Brands, Bridgford Foods and Hershey)” provides complete details on Global Meat Snacks Industry.



Product - Market breakup from 4 viewpoints

1. Jerky
2. Sticks
3. Bars
4. Others

Nature – Market breakup from 2 viewpoints

1. Organic
2. Conventional

Distribution Channel - Market breakup from 2 viewpoints

1. Off-Line
2. On-Line

Region – Market breakup from 4 viewpoints

1. North America
2. Europe
3. Asia Pacific
4. Rest of World

All key players have been covered from 3 viewpoint

  Overview
  Recent Developments
  Financial Insights

Company Analysis

1. Nestl? Group
2. Hormel Foods
3. Conagra Brands
4. Bridgford Foods
5. Hershey
1. INTRODUCTION

2. RESEARCH & METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1 Growth Drivers
4.2 Challenges

5. GLOBAL MEAT SNACKS MARKET

6. MARKET SHARE ANALYSIS

6.1 By Product
6.2 By Nature
6.3 By Distribution Channel
6.4 By Region

7. PRODUCT - GLOBAL MEAT SNACKS MARKET

7.1 Jerky
7.2 Sticks
7.3 Bars
7.4 Others

8. NATURE - GLOBAL MEAT SNACKS MARKET

8.1 Organic
8.2 Conventional

9. DISTRIBUTION CHANNEL - GLOBAL MEAT SNACKS MARKET

9.1 Off-Line
9.2 On-Line

10. REGION - GLOBAL MEAT SNACKS MARKET

10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Rest of World

11. KEY PLAYERS ANALYSIS

11.1 Nestl? Group
  11.1.1 Overview
  11.1.2 Recent Developments
  11.1.3 Sales
11.2 Hormel Foods
  11.2.1 Overview
  11.2.2 Recent Developments
  11.2.3 Sales
11.3 Conagra Brands
  11.3.1 Overview
  11.3.2 Recent Developments
  11.3.3 Sales
11.4 Bridgford Foods
  11.4.1 Overview
  11.4.2 Recent Developments
  11.4.3 Sales
11.5 Hershey
  11.5.1 Overview
  11.5.2 Recent Developments
  11.5.3 Sales

LIST OF FIGURES:

Figure-01: Global Meat Snacks Market (Billion US$), 2017 – 2020
Figure-02: Forecast for – Global Meat Snacks Market (Billion US$), 2021 – 2027
Figure-03: Product – Jerky Market (Million US$), 2017 – 2020
Figure-04: Product – Forecast for Jerky Market (Million US$), 2021 – 2027
Figure-05: Product – Sticks Market (Million US$), 2017 – 2020
Figure-06: Product – Forecast for Sticks Market (Million US$), 2021 – 2027
Figure-07: Product – Bars Market (Million US$), 2017 – 2020
Figure-08: Product – Forecast for Bars Market (Million US$), 2021 – 2027
Figure-09: Product – Others Market (Million US$), 2017 – 2020
Figure-10: Product – Forecast for Others Market (Million US$), 2021 – 2027
Figure-11: Natures – Organic Market (Million US$), 2017 – 2020
Figure-12: Natures – Forecast for Organic Market (Million US$), 2021 – 2027
Figure-13: Natures – Conventional Market (Million US$), 2017 – 2020
Figure-14: Natures – Forecast for Conventional Market (Million US$), 2021 – 2027
Figure-15: Distribution Channel – Off-Line Market (Million US$), 2017 – 2020
Figure-16: Distribution Channel – Forecast for Off-Line Market (Million US$), 2021 – 2027
Figure-17: Distribution Channel – On-Line Market (Million US$), 2017 – 2020
Figure-18: Distribution Channel – Forecast for On-Line Market (Million US$), 2021 – 2027
Figure-19: North America – Meat Snacks Market (Million US$), 2017 – 2020
Figure-20: North America – Forecast for Meat Snacks Market (Million US$), 2021 – 2027
Figure-21: Europe – Meat Snacks Market (Million US$), 2017 – 2020
Figure-22: Europe – Forecast for Meat Snacks Market (Million US$), 2021 – 2027
Figure-23: Asia Pacific – Meat Snacks Market (Million US$), 2017 – 2020
Figure-24: Asia Pacific – Forecast for Meat Snacks Market (Million US$), 2021 – 2027
Figure-25: Rest of World – Meat Snacks Market (Million US$), 2017 – 2020
Figure-26: Rest of World – Forecast for Meat Snacks Market (Million US$), 2021 – 2027
Figure-27: Nestl? Group – Global Revenue (Million US$), 2017 – 2020
Figure-28: Nestl? Group – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-29: Hormel Foods – Global Revenue (Million US$), 2017 – 2020
Figure-30: Hormel Foods – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-31: CONAGRA BRANDS – Global Revenue (Million US$), 2017 – 2020
Figure-32: CONAGRA BRANDS – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-33: Bridgford Foods – Global Revenue (Million US$), 2017 – 2020
Figure-34: Bridgford Foods – Forecast for Global Revenue (Million US$), 2021 – 2027
Figure-35: Hershey – Global Revenue (Million US$), 2017 – 2020
Figure-36: Hershey – Forecast for Global Revenue (Million US$), 2021 – 2027

LIST OF TABLES:

Table-01: Global – Meat Snacks Market Share by Product (Percent), 2017 – 2020
Table-02: Global – Forecast for Meat Snacks Market Share by Product (Percent), 2021 – 2027
Table-03: Global – Meat Snacks Market Share by Nature (Percent), 2017 – 2020
Table-04: Global – Forecast for Meat Snacks Market Share by Nature (Percent), 2021 – 2027
Table-05: Global – Meat Snacks Market Share by Distribution Channel (Percent), 2017 – 2020
Table-06: Global – Forecast for Meat Snacks Market Share by Distribution Channel (Percent), 2021 – 2027
Table-07: Global – Meat Snacks Market Share by Region (Percent), 2017 – 2020
Table-08: Global – Forecast for Meat Snacks Market Share by Region (Percent), 2021 – 2027


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