Meat Snacks Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Meat Snacks Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global meat snacks market is expected to register a CAGR of 9.0% during the forecast period, 2020 - 2025.

Key Highlights

• The market is driven by the increased demand for snacks that are rich in nutrients, such as omega-3s, iron, and vitamin B12, which is leading players to introduce fortified meat snacks products as well.
• Portable snacks such as jerky, sticks, and sausages make it a convenient option for consumers requiring healthy meat snacks for on-the-go.
• The rapid growth of the e-commerce sector will also aid the growth of the market by offering a wide array of meat snacks for online purchases. The COVID-19 pandemic further propelled online sales of meat snacks as consumers tend to avoid going to supermarkets as a precautionary measure.

Key Market TrendsIncreasing Popularity of Ready-To-Eat Sausages

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.

North America Witnessed Highest Revenues

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.

Competitive Landscape

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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