Global Meat Snacks Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Meat Snacks market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
Meat Snacks Market Segmentation by Major Players:
Get a sample copy of the report at – https://www.360researchreports.com/enquiry/request-sample/13100594
Overview of Meat Snacks Market Report:
The global meat snack market is expected to register a CAGR of 9% during the forecast period, 2018 to 2023. Meat snacks are among the popular snacks in the savory snacks category and this market is witnessing a strong growth rate, since the past five years, mostly targeting travelers; with the convenience factor and high demand from the millennial generation. The introduction of new products and flavors is driving the market. Manufacturers are coming up with new flavors like jalapeno, teriyaki, and habanero.
The increasing number of mergers and acquisitions is expected to boost the market growth during the forecast period. The meat snacks market is an attractive sector with a large number of untapped market.
Cost-effective and convenient makes it Travel Friendly
Increasing consumer preference towards meat products
North America has recorded the highest number of travelers, by road, among all the countries, worldwide. Among the travelers, about one-third are business travelers, and the rest are leisure travelers. With the availability of gas/convenience stores along the way, the jerky or dried meat snacks have become popular. These are easy to grab and store. Due to the availability of these products in small packets, wastage is avoided; this strategy has caught the attention of the travelers, who prefer and demand more such food items. A majority of the consumers prefers meat snacks as a source of high protein content, and the low-calorie content is an added advantage to meat snacks, especially in jerky products. Owing to the large availability of c-stores along the road, the sales are more concentrated in this channel.
Jerky holds around 50% of sales in the product category
North America to Dominate the Market
North America accounted for the major share of the market globally during 2016 and is expected to grow at a CAGR of approximately 7% between 2018 and 2023. US is the largest market in this region due to higher consumption of meat snacks owing to its convenience. The high protein content in the product acts as an appetite suppressor and energy booster, which are driving the growth of meat snack market. Jerky consumption is high among the developed markets, Beef jerky sales in the US grew by nearly 7% in 2017. However, the high adoption rate of these products, since a decade, and new marketing strategies adopted by players such as Jack Link’s and Slim Jim are driving the sales by targeting the Millennial with new packing models and exotic flavors. As consumers are snacking more on the go, the demand for handheld protein has never been higher.
Though the dried meat snacks are traditionally consumed, the sales have declined due to various reasons; however, new marketing strategies such as the introduction of new flavors, innovative packaging, impressive offers or discounts, partnerships and franchise have revived the sales and the market is growing at a good rate. For instance, Pepsi has come up with an exclusive promotional offer of 50% discount on jerky, with the purchase of a set of soda packs. C-stores are dealing in partnerships with car dealers and expanding their business units.
• July 2017: The makers of Hormel® Natural Choice® deli meats announced today four new all natural deli meat snacks, paired with cheddar or pepper jack cheese and a dark-chocolate confection.
• May 2017: Paleo-friendly meat sticks are the latest product innovation from Country Archer Jerky. The variety is made with 100% grass-fed and finished beef and turkey raised without antibiotics or added hormones.
• April 2017: Conagra Brands, Inc. (NYSE: CAG) announces acquisition of protein-based snacking businesses Thanasi Foods LLC, maker of Duke’s® meat snacks, and BIGS LLC, maker of BIGS® seeds.
Major Players: CONAGRA, HORMEL FOODS, JACK LINK’S, KING ELITE SNACKS, MARFOOD USA, MEATSNACKS GROUP AND BRIDGFORD FOODS
Enquire or share your questions if any before the purchasing this report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13100594
Reasons to Purchase this Report:
Important factors that are mentioned in the Meat Snacks Market report 2023…
Key Market Dynamics: The Global Meat Snacks Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the Meat Snacks Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Potential Customers: The Meat Snacks Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Meat Snacks market.
Buy this report (Price 4250 USD for a single-user license) @ https://www.360researchreports.com/purchase/13100594
About 360 Research Reports:
360 Research Reports is a credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed to optimizing your business. The reports we provide are based on research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]