Meat Snacks Market by Product, Meat Type, Distribution Channel, End-Use

List of Tables

[192 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 17.08 billion
Estimated Year [2024]	USD 18.17 billion
Forecast Year [2030]	USD 26.54 billion
CAGR (%)	6.49%

Product: Demand for convenience and easily available food driving the consumption of jerky

Jerky refers to meat that has been lean, trimmed, cut into strips, and dehydrated to prevent spoilage. Jerky is nutritionally rich in protein, vitamins, and minerals, including zinc, iron, phosphorus, vitamin B12, and folate. Sticks and strips refer to long pieces and are usually made from pork or beef. Meat strips are usually made using ingredients similar to those used in producing jerky. Bites and bars refer to small parts or blocks of meat consumed as a part of a snack and are often low in calories.

Meat type: Growing consumption of chicken-based snacks across the world

Beef-snacks refers to meat obtained from bovines and cattle, including cows, bulls, steers, heifers, and ox. Beef-based snacks act as a good snack that is low calorie, rich in protein, and a good source of vitamins and minerals such as zinc, iron, Vitamin B12, and choline. Pork-based meat options refer to the flesh of pigs, wine, and boars that is served fresh or in salted form. It is a rich source of selenium and zinc and vitamins B6 and B12, which are considered essential for the proper and adequate functioning of the immune system. Chicken meat snack is the most common type of poultry food in the world and refers to meat or flesh obtained from the chicken bird. Chicken-based snacks contain the amino acid tryptophan, which has been implicated in brain functioning. Turkey meat snack refers to the meat obtained from domesticated or wild turkeys. Turkey meat snacks act as a good source of B-complex vitamins niacin, B6, and B12 and the essential nutrient choline.

Distribution Channel: Emergence of e-commerce and online platforms driving consumption of meat snacks

The availability of meat snacks, including beef jerky, chicken meat snacks, and pork meat, is rapidly advancing. Discounted prices and coupons for loyal customers improve the purchase of meat snacks through online channels. Supermarkets and, convenience stores, specialty stores are increasing their offerings of ready-to-meat snacks and convenience foods. Meat snacks have become available in fridges and ambient aisles in retail outlets, and some stores have installed dedicated end-cap displays of meat snack products.

End-Use: Work-from home conditions necessitating provision of easy and convenient meat snack options

Stay-at-home residents and working professionals operating from home consume meat snack options due to the enhanced convenience offered. The growing utilization of online platforms that deliver food in less time has led to rising consumption of ready-to-eat snacks among employees working from home. In recent years, the rising number of commercial and office spaces that offer in-house food options for employees has led to a surge in demand for quick, easy and convenient food options.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Meat Snacks Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Meat Snacks Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Meat Snacks Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Meat Snacks Market?

3. What are the technology trends and regulatory frameworks in the Meat Snacks Market?

4. What is the market share of the leading vendors in the Meat Snacks Market?

5. Which modes and strategic moves are suitable for entering the Meat Snacks Market?

Product Code: MRR-43470FC60894

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing health consciousness and awareness about protein consumption
  - 5.1.1.2. Availability of meat snack options through e-Commerce platforms
  - 5.1.1.3. Government initiatives to support poultry farming
- 5.1.2. Restraints
  - 5.1.2.1. Product recalls and health alerts
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in food processing technologies to improve the shelf life of products
  - 5.1.3.2. Wide variety of snack options and organic meat snack products
- 5.1.4. Challenges
  - 5.1.4.1. Stringent food packaging requirements for meat snack products and canned food
5.2. Market Segmentation Analysis
- 5.2.1. Product: Demand for convenience and easily available food driving the consumption of jerky
- 5.2.2. Meat type: Growing consumption of chicken-based snacks across the world
- 5.2.3. Distribution Channel: Emergence of e-commerce and online platforms driving consumption of meat snacks
- 5.2.4. End-Use: Work-from home conditions necessitating provision of easy and convenient meat snack options
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Meat Snacks Market, by Product

6.1. Introduction
6.2. Bars
6.3. Bites
6.4. Jerky
6.5. Sticks
6.6. Strips

7. Meat Snacks Market, by Meat Type

7.1. Introduction
7.2. Beef
7.3. Chicken
7.4. Pork
7.5. Turkey

8. Meat Snacks Market, by Distribution Channel

8.1. Introduction
8.2. Offline
8.3. Online

9. Meat Snacks Market, by End-Use

9.1. Introduction
9.2. Commercial
9.3. Residential

10. Americas Meat Snacks Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Meat Snacks Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Meat Snacks Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Ovation Foods Launches New Steak-N-Eggs Beef Strip Snacks with Premium Lean Beef and ONE Whole Egg in Each Serving
- 13.3.2. Food Pro AUA Buys Western Smokehouse
- 13.3.3. Snacks maker Wyandot Snacks secures new investment
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio