Meat Snacks Market by Product (Bars, Bites, Jerky), Meat Type (Beef, Chicken, Pork), Distribution Channel, End-Use - Global Forecast 2024-2030

Meat Snacks Market by Product (Bars, Bites, Jerky), Meat Type (Beef, Chicken, Pork), Distribution Channel, End-Use - Global Forecast 2024-2030

The Meat Snacks Market size was estimated at USD 17.08 billion in 2023 and expected to reach USD 18.17 billion in 2024, at a CAGR 6.49% to reach USD 26.54 billion by 2030.

Meat snacks refer to convenient food products that are processed with different meat raw materials and are offered to consumers in ready-to-eat formats. They are made of several types of meat, including beef, turkey, and pork. Such snacks are rich in the nutrient vitamin B12, proteins, and elements such as iron and niacin. The rising health consciousness and growing awareness about protein consumption, coupled with the availability of meat snack options through e-commerce platforms, have led to a surge in demand for meat snacks. Meat snacks and animal meat are rich in essential amino acids and non-essential amino acids, making them a favorable choice for consumers aiming to increase daily protein intake. Consumer preference for convenience and home-delivered food alternatives is rapidly increasing, causing a surge in demand for ready-to-eat meat snacks. However, the rising number of product recalls and growing incidences of allergies and health alerts raise concerns about the consumption of meat snacks among those prone to allergy attacks. Additionally, stringent food packaging requirements and concerns about the presence of genetically modified material in meat products impede the consumption of meat products. To tackle regulatory concerns, major stakeholders are investing in improving the quality assurance procedures and ensuring adherence to regulatory guidelines. Additionally, integration of AI and advancements in food technology to improve food quality are increasing rapidly. Such innovations aim to increase the shelf life of products and improve compliance with regulations through the adoption of better quality control strategies.

Regional Insights

The meat snacks market in the Americas is rapidly expanding, driven by the efforts of major manufacturers to produce next-generation meat snacks. This increase can be attributed to the presence of robust food-processing and storage strategies, which have expanded the shelf life and taste of food products. Established brands in the USA are constantly innovating their range of food products that improve customer involvement and satisfaction with the brand. Constantly evolving research activities in the meat snacks manufacturing industry sector coupled with utilization of AI to create novel meat snack options based on consumer preferences have boosted the industry. Additionally, rising awareness about the health benefits of protein consumption, the demand for meat foods is growing in European nations, including UK, France, and Germany. The presence of gluten-free and nut-free alternatives has also driven consumption among consumers with food allergies and intolerance. Meat snacks are largely utilized by frequent travelers in countries including China, South Korea and India. The growing presence of e-commerce companies and distribution channels has led to a surge in meat consumption among the youth. To cater to the diverse taste and flavor preferences of citizens, manufacturers offer meat snacks based on local cuisine to promote brand loyalty and customer satisfaction.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Meat Snacks Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing health consciousness and awareness about protein consumption
Availability of meat snack options through e-Commerce platforms
Government initiatives to support poultry farming

Market Restraints

Product recalls and health alerts

Market Opportunities

Advancements in food processing technologies to improve the shelf life of products
Wide variety of snack options and organic meat snack products

Market Challenges

Stringent food packaging requirements for meat snack products and canned food

Market Segmentation Analysis

Product: Demand for convenience and easily available food driving the consumption of jerky
Meat type: Growing consumption of chicken-based snacks across the world
Distribution Channel: Emergence of e-commerce and online platforms driving consumption of meat snacks
End-Use: Work-from home conditions necessitating provision of easy and convenient meat snack options

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Meat Snacks Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Meat Snacks Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Ovation Foods Launches New Steak-N-Eggs Beef Strip Snacks with Premium Lean Beef and ONE Whole Egg in Each Serving

Ovation Foods introduced STEAK-N-EGGS, a new ready-to-eat beef meat snack that is rich in protein and packed with essential nutrients. This nutrient-dense snack is convenient and delicious and supports brain health by providing important nutrients that contribute to cognitive function.

Food Pro AUA Buys Western Smokehouse

AUA Private Equity acquired Western Smokehouse Partners from Monogram Capital Partners and Charis Consumer Partners, a company that specializes in contract manufacturing of smoked meat snacks, offering a wide range of options, including organic, non-GMO, plant-based, and free-range products. This strategic move led to the establishment of a research & development center and significant investments in production capabilities.

Snacks maker Wyandot Snacks secures new investment

Astara Capital Partners, LLC made a significant investment in Wyandot Snacks, a contract manufacturer of snacks, cereals, and better-for-you foods. This investment provides Wyandot Snacks with the advantage of access to operational, strategic, and financial resources offered by Astara.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Meat Snacks Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Meat Snacks Market, highlighting leading vendors and their innovative profiles. These include Ayoba, Brooklyn Biltong, Conagra Brands, Inc., Country Archer Provisions, General Mills Inc., Hormel Foods Corporation, Jack Link's, LLC, Kepak Group Limited, Mountain America Jerky, New World Foods Europe by Valeo Foods Group, Old Trapper Smoked Products, Inc., PepsiCo, Inc., Perky Jerky, LLC, Premium Brands Holdings Corporation, Smokehouse Products., Sonomo Brands Capital, Tanka Bar by Native American Natural Foods, The New Primal, Three Jerks, Tillamook Country Smoker, Tyson Foods, Inc., Wenzel's Farm, LLC., and Wild Zora Foods, LLC.

Market Segmentation & Coverage

This research report categorizes the Meat Snacks Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Bars
Bites
Jerky
Sticks
Strips
Meat Type
Beef
Chicken
Pork
Turkey
Distribution Channel
Offline
Online
End-Use
Commercial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year