Global Meat Snack Market 2021 is expected to register a CAGR of 8.4%, during forecast period with Impact of Covid 19 Analysis

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Global “Meat Snack Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Meat Snack in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Meat Snack Market report categorizes the market based on manufacturers, regions, type, and application. Meat Snack Market reports offer a detailed assessment of the Meat Snack including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Meat Snack market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Market Insight

The global meat snack market is expected to register a CAGR of 8.4% during 2018 to 2023 (the forecast period). Meat snacks are popular snacks, in the savory snacks category, and this market is witnessing a strong growth rate, since the past five years, mostly targeting travelers, as these snacks are a convenient option, and also, they have a high demand from the millennial generation. The introduction of new products and flavors drives the market. Manufacturers are launching new flavors, like jalapeno, teriyaki, and habanero. The increasing number of mergers and acquisitions is expected to boost the market growth, during the forecast period. The meat snack market is an attractive sector, with a large untapped market. Cost-effectiveness and convenience make meat snacks travel-friendly.

Increasing Consumer Preference towards Ready-To-Eat Meat Products

North America has recorded the highest number of travelers, by road, among all the countries, worldwide. Among the travelers, about one-third are business travelers, and the rest are leisure travelers. With the availability of gas/convenience stores along the way, jerky or dried meat snacks have become popular. These are easy to grab and store. Due to the availability of these products in small packets, wastage is avoided, this strategy has caught the attention of travelers, who prefer and demand more such food items.
A majority of the consumers prefer meat snacks, as a source of high-protein content, and the low-calorie content is an added advantage for meat snacks, especially in jerky-based products. Due to the abundant availability of c-stores along the road, sales are more concentrated in this channel. Jerky holds around 50% of sales in the product category

North America to Dominate the Market

North America accounted for the major share of the market, globally, during 2016, and it is expected to record a CAGR of 7.2% between 2018 and 2023. The United States is the largest market in the North American region, due to higher consumption of meat snacks, after salty potato chips, due to its convenience. The high-protein content in the product acts as an appetite suppressor and energy booster, which drives the growth of the global meat snack market. Jerky consumption is high among the developed markets, beef jerky sales, in the United States, grew by nearly 7% in 2017.
Due to high adoption of these products, since a decade, the Asia-Pacific region is expected to grow at faster rate. New marketing strategies adopted by players, such as Jack Links and Slim Jim, are driving sales, by targeting millennials, with new packing models and exotic flavors in the European and Asia-Pacific region. As consumers are snacking more on-the-go, the demand for handheld protein has never been higher.
Though dried meat snacks are traditionally consumed, sales have declined, due to various reasons. However, new marketing strategies, such as the introduction of new flavors, innovative packaging, impressive offers or discounts, partnerships and franchise, have revived sales and the market is growing at a good rate.

Key Developments

• July 2017 – The makers of Hormel® Natural Choice® deli meats announced four, new, all-natural deli meat snacks, paired with cheddar or pepper jack cheese, and a dark-chocolate confection.
• May 2017 – Paleo-friendly meat sticks are the latest product innovation from Country Archer Jerky. The variety is made with 100% grass-fed and finished beef and turkey, raised without antibiotics or added hormones.

Competitive landscape

Major players – BRIDGFORD FOODS, CONAGRA, DUKES SMOKED MEATS, GOLDEN VALLEY NATURAL, HORMEL FOODS, JACK LINKS, KEPAK GROUP, KERRY GROUP, KING ELITE SNACKS, MARFOOD USA and MEATSNACKS GROUP, among others.

Key strategies adopted by the players in the meat snack market are acquisitions and new product launches. In 2017, Conagra Brands Inc., (NYSE: CAG) announced the acquisition of protein-based snacking businesses, Thanasi Foods LLC, maker of Dukes® meat snacks, and BIGS LLC, maker of BIGS® seeds.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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The global Meat Snack market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Meat Snack Market Report covers the Top Key-players in 2021:-

  • Bridgford Foods
  • ConAgra
  • Dukes Smoked Meats
  • Golden Valley Natural
  • Hormel Foods
  • Jack Links
  • Kepak Group
  • Kerry Group
  • King Elite Snacks
  • Marfood USA
  • Meatsnacks Group

Highlighted points of Meat Snack Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12887229

This Meat Snack Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Meat Snack? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Meat Snack Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Meat Snack Market? What Was Capacity, Production Value, Cost and PROFIT of Meat Snack Market?
  • What Is Current Market Status of Meat Snack Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Meat Snack Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Meat Snack Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Meat Snack Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Meat Snack Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Meat Snack Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Meat Snack Industry?

Key Developments in the Meat Snack Market:

  • July 2017 – The makers of Hormel® Natural Choice® deli meats announced four, new, all-natural deli meat snacks, paired with cheddar or pepper jack cheese, and a dark-chocolate confection.
  • May 2017 -Paleo-friendly meat sticks are the latest product innovation from Country Archer Jerky. The variety is made with 100% grass-fed and finished beef and turkey, raised without antibiotics or added hormones.
    Competitive landscape
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    Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12887229

    Finally, the report Global Meat Snack Market 2021 describes the Meat Snack industry expansion game plan, the Meat Snack industry knowledge supply, appendix, analysis findings, and the conclusion.

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