The meat snacks market has the potential to grow by USD 4.14 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.16%.
This meat snacks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (jerkies, meat sticks, meat steaks, and others) and geography (Europe, APAC, North America, South America, and MEA). The meat snacks market report also offers information on several market vendors, including 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. among others.
What will the Meat Snacks Market Size be in 2021?
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Meat Snacks Market: Key Drivers and Trends
The increase in entry of online distribution channels is notably driving the meat snacks market growth, although factors such as increasing popularity of vegan diet may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the meat snacks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This meat snacks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Meat Snacks Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 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.
- Wynnchurch Capital L.P.
This statistical study of the meat snacks market encompasses successful business strategies deployed by the key vendors. The meat snacks market is fragmented and the vendors are deploying growth strategies such as capacity expansion, mergers and acquisitions, new product launches, and product innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The meat snacks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Meat Snacks Market?
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48% of the market’s growth will originate from Europe during the forecast period. France, Germany, and Spain are the key markets for meat snacks in Europe. Market growth in this region will be faster than the growth of the market in MEA and South America.
The increasing demand for jerkies among consumers will facilitate the meat snacks market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Meat Snacks Market?
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The meat snacks market share growth by the jerkies segment will be significant during the forecast period. The demand for jerky is expected to increase during the forecast period due to its high protein content and low fat. Jerky is finding popularity among runners and weightlifters during and after exercise as a source of protein. The popularity of protein snacking is increasing among consumers, and this is expected to increase the demand for jerkies during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the meat snacks market size and actionable market insights on post COVID-19 impact on each segment.
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Meat Snacks Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.16% |
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Market growth 2021-2025 |
$ 4.14 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.34 |
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Regional analysis |
Europe, APAC, North America, South America, and MEA |
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Performing market contribution |
Europe at 48% |
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Key consumer countries |
US, France, Germany, China, and Spain |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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. |
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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 |
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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. |
What are the Key Factors Covered in this Meat Snacks Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive meat snacks market growth during the next five years
- Precise estimation of the meat snacks market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the meat snacks industry across Europe, APAC, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of meat snacks market vendors
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