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meat snack market
DUBLIN, March 19, 2024 (GLOBE NEWSWIRE) — “Meat Snacks Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insights, Inflation Impact, Opportunities Company Analysis” report added. I did. ResearchAndMarkets.com Recruitment.
The global meat snacks market has recorded a significant surge and is predicted to reach a value of approximately USD 13.87 billion by 2030. This comprehensive report delves into the market dynamics and reveals a compound annual growth rate (CAGR) of 6.31% in 2019. Meat snacks are valued for their long shelf life and compatibility with high-protein, low-carbohydrate diets, and continue to meet the growing needs of health-conscious consumers around the world.
This market acceleration is further fueled by the growing demand for sustainable practices in this sector. Consumers are drawn to meat snack brands that support zero-waste initiatives and eco-friendly packaging, resonating with the nation’s amplified environmental conscience and quest to support ethical consumption. Additionally, the trend towards natural and plant-based alternatives is opening up new avenues in the meat snacks market, indicating an imminent surge in organic and clean label products.
Diversity and convenience drive market growth
The extensive analysis of the report reveals that North America stands at the forefront of the global Meat Snacks market. The region’s market dominance can be attributed to the rising consumption rate of snack foods, the pursuit of convenience, and the proliferation of domestic and international manufacturers. Product innovation continues to thrive, especially with meat snacks infused with slow-roasted meats and exotic spices, capturing the taste buds of a younger demographic.
Product insights and trends:
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Jerky products are popular due to their convenience and rich flavor range, and are recognized as a key segment in the meat snack category.
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Conventional meat snacks retain a significant market share due to their long-standing consumer base and wide availability, despite the growing popularity of organic variations.
Retail distribution channels are ideal for sales opportunities
Analyzing the retail aspect, supermarkets and hypermarkets emerge as important distribution channels, leveraging their vast assortment and strategic location to meet customer demands. Their key role is expected to continue and strengthen their presence in the meat snacks market.
US leads global demand
In the regional market analysis, the United States is positioned as a key player due to a culture of preference for protein-rich snacks and the ever-present consumer segment seeking a quick nutritional boost. This, combined with a strong infrastructure for meat production and distribution, solidifies the country’s position as a leader in the industry.
The report reveals the competitive landscape and highlights the role of existing and emerging players. Recent developments have revealed innovative product launches, including the introduction of flavorful chicken chips and buffalo jerky to the Indian market by Doki Foods and the launch of new beef snack flavors in the US by Chomps Company .
Market segmentation:
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jerky
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stick
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sausage
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others
Key industry participants include:
This report serves as a valuable resource that sheds light on revenue analysis, market dynamics, and latest trends in the industry, which can be utilized by stakeholders across the Meat Snacks value chain to make informed strategic decisions. Masu.
key attributes
|
report attributes |
detail |
|
number of pages |
185 |
|
Forecast period |
2023-2030 |
|
Estimated market value in 2023 (USD) |
$9.04 billion |
|
Projected market value to 2030 (USD) |
$13.87 billion |
|
compound annual growth rate |
6.3% |
|
Target area |
global |
For more information about this report, please visit https://www.researchandmarkets.com/r/7fqd94.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
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