Region wise, North America was dominant in Meat Snacks Market which was Envisioned at $11.3 Billion and a CAGR of 5.50% | AMR
The meat snack business has been enduring significant rate of growth, in terms of value sales due continuous improvisations and innovations in exiting product types by key manufacturers in the global meat snacks market. As a the fastest growing snack food segment, the meat snack market has garnered a wide base of customers specifically seeking for high protein and flavored snacks. Jerky, sticks, bars, and sausages are some of the main product types gaining higher level of traction among target customers.๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐๐ผ ๐๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ @
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๐ ๐ฒ๐ฎ๐ ๐ฆ๐ป๐ฎ๐ฐ๐ธ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐๐๐ฝ๐ฒ, ๐ก๐ฎ๐๐๐ฟ๐ฒ, ๐ฎ๐ป๐ฑ ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ถ๐ผ๐ป ๐๐ต๐ฎ๐ป๐ป๐ฒ๐น: ๐๐น๐ผ๐ฏ๐ฎ๐น ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐ฎ๐ป๐ฑ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐, ๐ฎ๐ฌ๐ญ๐ต-๐ฎ๐ฌ๐ฎ๐ฒ," ๐๐ต๐ฒ ๐บ๐ฒ๐ฎ๐ ๐๐ป๐ฎ๐ฐ๐ธ๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ถ๐๐ฒ ๐๐ฎ๐ ๐๐ฎ๐น๐๐ฒ๐ฑ ๐ฎ๐ $๐ณ.๐ฐ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐ฎ๐ฌ๐ญ๐ด, ๐ฎ๐ป๐ฑ ๐ถ๐ ๐ฒ๐ ๐ฝ๐ฒ๐ฐ๐๐ฒ๐ฑ ๐๐ผ ๐ฟ๐ฒ๐ฎ๐ฐ๐ต $๐ญ๐ญ.๐ฏ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฏ๐ ๐ฎ๐ฌ๐ฎ๐ฒ, ๐ฟ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฎ ๐๐๐๐ฅ ๐ผ๐ณ ๐ฑ.๐ฑ๐ฌ% ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐ฌ๐ญ๐ต ๐๐ผ ๐ฎ๐ฌ๐ฎ๐ฒ. ๐๐ป ๐ฎ๐ฌ๐ญ๐ด, ๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ฒ๐ฑ ๐ณ๐ผ๐ฟ ๐ฎ๐ฟ๐ผ๐๐ป๐ฑ ๐ฎ๐ฎ.๐ฎ% ๐๐ต๐ฎ๐ฟ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐.
Global Key Players:
Key players profiled in the global Meat snacks industry include Associated British Foods plc., Conagra Brands Inc., General Mills Inc., Golden Valley Natural, Hormel Foods Corporation, Jack Link's, Monogram Food Solutions, LLC., Meatsnacks Group, Nestle S.A., Tyson Foods, and others
Key Findings of the Study:
By product type, the bars segment is expected to register a CAGR of 6.80%.
By nature, the organic segment is expected to witness significant value sales meat snacks market growth
On the basis of distribution channel, the offline segment accounts for a higher value meat snacks market share.
Region wise, North America is estimated to garner a higher value share.
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A key trend that is shaping meat snacks category includes gourmet brands that target customers' desire for different tastes, textures, proteins and natural brands. The millennial generation is driving this snack evolution. Small meals packed with nutrients are a reflection of their food ethos and their on-the-go lifestyle.
Although plant-derived protein has been making headlines, demand for protein in general is on the rise, including animal-derived proteins. Once considered a particularly North American snack, jerky has gained popularity in Europe as well, after the Jack Link's brand entered the market in 2014, drawing attention of European snack manufacturers. Innovative new products, such as sausage crisps and traditional meat snacks from other regions, such as South African biltong, have since boosted the meat snacks. Hence rise in demand for jerky in European region is an influential meat snacks market trend.
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Over past couple of years, the global meat snacks market has evolved, in terms of its product offerings, which specifically caters to varying needs and requirements of health-conscious customers. For instance, Jack Link's, one of the key players in the global meat snacks market announced that it would be launching its new line of beef flavored bars for the North America market in the year 2020.
The global meat snacks market analysis is segmented on the basis of product type, nature, distribution channel, and region. By product type, it is classified into jerky, sticks, bars, and others. By nature, it is bifurcated into organic and conventional. By distribution channel, it is divided into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Spain, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, the UAE, and rest of LAMEA).
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