Category

Meat Snacks Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Meat Type (Beef, Chicken Meat, Others), By Product Type (Jerky, Meat Bars, Sticks, Others), By Distribution Channel (Online, Offline), And By Geography – Forecast From 2019 To 2024

Published: May 2021 | Report Code:  KSI061612845 | Pages:  124

The meat snacks market is anticipated to grow at a CAGR of 9.27% to reach a market size of US$18.952 billion in 2024 from US$11.137 billion in 2018. Meat is flesh or other edible parts of the animal body which is used as food. Meat snacks are marinated salted form of meat, which gives them a better taste, and longer life. People consume several different types of meat, popular meats are beef, chicken meat, turkey, etc.

The beef itself covers a huge market share and there are several types of beef meat snacks due to its high nutritional values and great taste. Meat snack market has seen a significant boost in the past few decades. The inclination of people towards convenience food and increasing demand for nutritive snacks are few of the reasons for uplifted meat snacks market.

By Meat type

By meat type, meat snacks market is segmented as beef, chicken meat, turkey meat, tuna meat, lamb, pork meat, salmon meat, deer meat, and crab.  The beef meat is generally very popular and can be found in various types of snacks. Beef sticks, beefsteak strips, and beef bars are some of the popular beef meat snacks.

By Product type

By product type, the meats snack market can be segmented as meat bars, jerky, sticks, and others. Meat bars are generally soft and give authentic meat experience. Jerky is one of the oldest meat snacks and it covers significant market share.

By Distribution Channel Type

By distribution channel type, meat snack market can be segmented as offline market and online market. The online market is growing at a very fast pace and with increasing investment in the online market, it is expected to grow further.

By Geography

Geographically, meat snack market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. The USA consumes a significant share of meat snack market, and its demand is increasing rapidly due to increasing urge of people towards animal protein and inclination towards convenience food. Australia imports a significant amount of meat from Argentina. Argentina has a significant market for meat snacks. It also covers a significant market share in the global meat market and exports meat to several countries.   

Competitive Intelligence

The meat snacks market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Tyson Foods, Inc., Nippon Meat Packers, JBS USA, and Smithfield Foods, Inc.

Meat Snacks Market Scope:

Report Metric Details
 Market size value in 2018  US$11.137 billion
 Market size value in 2024  US$18.952 billion
 Growth Rate  CAGR of 9.27% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Meat Type, Product Type, Distribution Channel Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Tyson Foods, Inc., The Meat Packers, JBS USA, Smithfield Foods, Inc., Sysco Corp.,   ConAgra Foods, Inc., Hormel Foods, Corp., National Beef Packing Co., Monogram   Food Solutions, Oberto Sausage Co, Inc., Jack Links, Epic Provisions
 Customization scope  Free report customization with purchase

Segmentation

The meat snacks market has been analyzed through the following segments:

  • By Meat type
    • Beef
    • Chicken Meat
    • Others
  • By Product type
    • Jerky
    • Meat Bars
    • Sticks
    • Others
  • By Distribution Channel Type
    • Online Market
    • Offline Market
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for meat snacks market?
A1. The meat snacks market is anticipated to grow at a CAGR of 9.27% during the forecast period.
 
Q2. Which region holds the largest market share in the meat snacks market?
A2. The USA consumes a significant share of the meat snack market, and its demand is increasing rapidly due to the increasing urge of people towards animal protein and inclination towards convenience food.
 
Q3. What will be the meat snacks market size by 2024?
A3. The global meat snacks market is anticipated to reach a total market size of US$18.952 billion by 2024.
 
Q4. What is the size of global meat snacks market?
A4. Meat Snacks market was valued at US$11.137 billion in 2018.
 
Q5. What factors are anticipated to drive the meat snacks market growth?
A5. The inclination of people towards convenience food and increasing demand for nutritive snacks are a few of the reasons for the uplifted meat snacks market.

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