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Global Meat Snacks Market is segmented by Product as Jerky, Stick, Sausage, and Other Products; by Distribution channel as Convenience Stores, Supermarket/Hypermarket, Online Retail Stores, and Others; and by Geography.
2016 - 2026
Fastest Growing Market:
Middle East and Africa
The global meat snacks market is expected to register a CAGR of 9.0% during the forecast period, 2020 - 2025.
The report covers meat snacks that are available as jerky, stick, sausage, and other types and are sold in convenience stores, hypermarkets/supermarkets, online retail stores, and others. The products are available in different flavors to meet the distinct taste preferences of consumers.
|By Product Type|
|Other Product Types|
|By Distribution Channel|
|Online Retail Stores|
|Other Distribution Channels|
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Consumers are increasingly purchasing ready-to-eat meat snacks, especially sausages. While jerky is popular in North America and Europe, sausages are increasingly gaining market shares in developing 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 market demand as well.
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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.
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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.
1.1 Study Deliverables and Study Assumptions
1.2 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 Retail Stores
5.2.4 Other Distribution Channels
5.3 By Geography
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East and Africa
184.108.40.206 South Africa
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position 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 Nestlé S.A.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID19 ON THE MARKET
** Subject to Availability