December 8, 2021

Meat Snacks Market to Record USD 4.14 Bn Growth | Over 8% CAGR Projection Through 2025 | 17,000+ Technavio Reports

NEW YORK, Nov. 3, 2021 /PRNewswire/ — The global meat snacks market is set to grow by USD 4.14 billion…

NEW YORK, Nov. 3, 2021 /PRNewswire/ — The global meat snacks market is set to grow by USD 4.14 billion between 2020 and 2025, accelerating at a CAGR of almost 9% during the forecast period. The market is segmented by product (jerkies, meat sticks, meat steaks, and others) and geography (Europe, APAC, North America, South America, and MEA). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.

Purchase our full report on the meat snacks market for a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Read our Free Sample Report before purchasing.

Key takeaways from meat snacks market study

  • Meat snacks market size to increase by USD 4.14 billion at over 8% CAGR between 2020 and 2025
  • 7.34% year-over-year growth expected in 2021
  • 48% market growth to originate in Europe during the forecast period
  • Jerkies segment accounted for maximum growth in the market in 2020
  • Dominant vendors include Ayoba Inc., Conagra Brands Inc., General Mills Inc., and others

Meat Snacks Market: Growth Drivers and Restraints

The meat snacks market is driven by new product launches. Vendors in the market are focusing on successful product launches as such developments help them increase revenue flow and expand the customer base. For instance, in September 2021, Veroni launched new meat and fruit snacks line inspired by the traditional Italian ‘Merenda’. Similarly, In January 2021, Ember snacks launched three new flavors of meat snacks made using meat sourced from British farms and cured using a traditional charcuterie process. The launch of such innovative products is also helping vendors to increase their market share and gain an edge over their competitors. Many such developments among vendors are expected to fuel the growth of the global meat snacks market during the forecast period.

“Although the increasing demand for protein-rich snacks and increase in the entry of online distribution channels will further boost the market growth, increasing popularity of vegan diet might reduce the growth opportunities for market players”, says an analyst at Technavio.

The meat snacks market report answers questions such as:

  • Is the market structure fragmented or concentrated?
  • What was the market size in 2020 and the forecast of the meat snacks market through 2025?
  • Which are the best segment areas to invest in over the forecast period?
  • What is the market share of dominant and strong vendors in the meat snacks market?
  • What are the latest trends and regulatory frameworks in the meat snacks market?

Get all your questions answered in our full report.

Gain confidence by Downloading Our Free Sample Report

Related Reports:

Global Duck Meat Market – Global duck meat market is segmented by product (fresh duck meat and processed duck meat) and geography (APAC, Europe, MEA, North America, and South America).

Download Exclusive Free Sample Report

Global Deli Meat Market – Global deli meat market is segmented by product (cured deli meat and uncured deli meat) and geography (North America, Europe, APAC, MEA, and South America).

Download Exclusive Free Sample Report

Meat Snacks Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 8%

Market growth 2021-2025

USD 4.14 billion

Market structure

Fragmented

YoY growth (%)

7.34

Regional analysis

Europe, APAC, North America, South America, and MEA

Performing market contribution

Europe at 48%

Key consumer countries

US, France, Germany, China, and Spain

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ayoba Inc., Conagra Brands Inc., General Mills Inc., Hormel Foods Corp., Link Snacks Inc., Premium Brands Holdings Corp., Smith Snacks Ltd., The Hershey Co., Tyson Foods Inc., and Wynnchurch Capital L.P.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Market Scope Table:

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing… View our meat snacks market snapshot to unlock TOC

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/meat-snacks-market-to-record-usd-4-14-bn-growth–over-8-cagr-projection-through-2025–17-000-technavio-reports-301412296.html

SOURCE Technavio