Meat Snacks Market Poised to Reach US$ 21.3 Billion by 2032 with a Strong CAGR of 7.7% | Future Market Insights

The Meat snacks market is anticipated to reach a worth of US$ 10.1 billion by 2022 and then grow at a CAGR of 7.7% from 2022 to 2032, hitting US$ 21.3 billion by that year.

Meat snacks aren’t just available in convenience stores nowadays; you can also find them in refrigerators and the ambient aisle of retailers. Some supermarkets include end-cap displays specifically for meat snacks.

Backpackers can find them in sporting goods stores, as well as at stalls, cafes, and vending machines. The enhanced product visibility has resulted in a significant boost in sales.

To take advantage of impulsive buying, brands often use distinctive merchandising tools for retail locations like racks and displays for the best assortment and positioning.

Due to the high protein content of products like tuna, prawns, and crabs, there will be a noticeable increase in demand for plant-based seafood over the assessment period, predicts FMI. Demand for meat products is expected to rise as people convert from plant-based to animal-based meat. The key actors are focusing on developing plant-based meat that is as tasty, tender, and nutritious as meat from animals.

Get your hands on our Sample Report to stay up-to-date on the latest developments in the Compound Feed industry. Download now!@
https://www.futuremarketinsights.com/reports/sample/rep-gb-14653

Key Takeaways from Market Study

  • Sales of meat snacks are expected to increase at 8% and 7.7% CAGR in North America and the Latin America, respectively, through 2032.
  • Asia Pacific is expected to account for 30% market share during assessment year.
  • Europe meat snacks market is expected to reach US$ at 2.2 Bn over the forecast period on the back of rising consumption of meat food products
  • By product type, the food industry holds the highest market share and is expected to increase at a CAGR of 5.6%.

 “Rising awareness for balanced nutrient-rich eatables is expected to propel the demand for meat snacks products. Key companies are investing in developing substitute plant-based meat products that have similar texture and flavour as animal-based meat. Packaging innovation that prolongs shelf-life of products is expected to gain traction in following years.” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers of meat snacks market are focusing on research & development to offer different varieties of plant-based and sugar-free meat products. Key players are collaborating and developing new product lines to penetrate untapped markets

  • Hormel Foods Corp expands its Columbus® Craft Meats brand by launching Columbus® Pepperoni Paninos in retail stores. The y are dried and premium quality pepperoni rolled with mozzarella cheese and prepared using specific cuts of pork mixed with authentic spices.

Explore the Depth of Our Methodological Insights @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14653

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global meat snacks market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Meat Snacks Market By Category

By Product Type:

  • Jerky
  • Sticks
  • Sausages
  • Others (Pickles, Bars)

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

The report covers exhaustive analysis on:

  • How much is the global meat snacks market worth?
  • What is the demand outlook for the meat snacks market globally?
  • What was the last 5-year CAGR for the meat snacks market?
  • At what rate will meat snacks demand grow in Europe?
  • At what rate will meat snacks demand grow in North America?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:         

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogsYouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these