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Key takeaways from meat snacks market study
- Meat snacks market size to increase by USD 4.14 billion at over 8% CAGR between 2020 and 2025
- 7.34% year-over-year growth expected in 2021
- 48% market growth to originate in Europe during the forecast period
- Jerkies segment accounted for maximum growth in the market in 2020
- Dominant vendors include Ayoba Inc., Conagra Brands Inc., General Mills Inc., and others
Meat Snacks Market: Growth Drivers and Restraints
The meat snacks market is driven by new product launches. Vendors in the market are focusing on successful product launches as such developments help them increase revenue flow and expand the customer base. For instance, in September 2021, Veroni launched new meat and fruit snacks line inspired by the traditional Italian 'Merenda'. Similarly, In January 2021, Ember snacks launched three new flavors of meat snacks made using meat sourced from British farms and cured using a traditional charcuterie process. The launch of such innovative products is also helping vendors to increase their market share and gain an edge over their competitors. Many such developments among vendors are expected to fuel the growth of the global meat snacks market during the forecast period.
"Although the increasing demand for protein-rich snacks and increase in the entry of online distribution channels will further boost the market growth, increasing popularity of vegan diet might reduce the growth opportunities for market players", says an analyst at Technavio.
The meat snacks market report answers questions such as:
- Is the market structure fragmented or concentrated?
- What was the market size in 2020 and the forecast of the meat snacks market through 2025?
- Which are the best segment areas to invest in over the forecast period?
- What is the market share of dominant and strong vendors in the meat snacks market?
- What are the latest trends and regulatory frameworks in the meat snacks market?
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Meat Snacks Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 8% |
Market growth 2021-2025 |
USD 4.14 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.34 |
Regional analysis |
Europe, APAC, North America, South America, and MEA |
Performing market contribution |
Europe at 48% |
Key consumer countries |
US, France, Germany, China, and Spain |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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. |
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. |
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. |
Market Scope Table:
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing… View our meat snacks market snapshot to unlock TOC
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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SOURCE Technavio
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