The global meat snack market is projected to grow at a considerable CAGR of 5.6% during the forecast period (2020-2026). The meat snacks market is largely driven by the robust demands of protein-rich delicacies, especially among the millennial's (Generation Y) and Gen Z population segments. The greater attention to the healthfulness aspect of snacking has led to the emergence of meat bars as a snack category. Processing modifications, such as slow roasting of meat and value addition with exotic spices have successfully captured the imaginations of the younger generation of consumers, who are seeking complete and portable protein snacking solutions. The emerging popularity of grass-fed meat snacks that are preservative-free, portion-controlled with a variety of flavor profiles and bite types is expected to sustain the growth of meat snacks in relatively mature markets of developed countries. The packaging of meat snacks ensures the consumer about product quality and improves the shelf life of the products. The easily portable packaged snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector is again anticipated to drive the growth of the meat snack market across the globe owing to its ease of accessibility.
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In a nutshell, COVID-19 has temporarily disrupted the production and supply chains around the globe. Social distancing and strict guidelines to contain the COVID-19 pandemic has affected the global economies. In the context of the COVID-19 pandemic, the organizations whose product supply chain has been affected due to the pandemic are looking for alternate supply chains to reach the consumers. In the third quarter of 2020, the organizations that have already developed an e-commerce network, and a distribution app for retailers and consumers are reaping additional benefits. Even during the lockdown period, the packaged meat snack manufacturers have an opportunity to convert their consumers into regular buyers by ensuring that the product is safe for consumption.
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Market Segmentation
Global Meat Snacks Market by Product
• Jerky
• Sticks
• Sausages
• Others
Global Meat Snacks Market by Distribution Channel
• Convenience Stores
• Supermarket/Hypermarket
• Online Store
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Associated British Food Plc
• Beyond Meat, Inc.
• Big Chief Meat Snacks, Inc.
• Bridgford Foods Corp.
• Carl Buddig and Company
• Conagra Brands, Inc.
• Copperstone Foods, LLC
• Country Archer Jerky Co.
• FireCreek Snacks
• Hormel Foods Corp.
• Jack Link's LLC
• Kerry Group
• Kings Elite Snacks
• Monogram Food Solutions LLC
• New World Foods Pty, Ltd.
• Oberto Sausage Co, Inc.
• Old Trapper Beef Jerky
• PepsiCo, Inc.
• Stafford Meat Co.
• The Hershey Co.
• Werner Gourmet Meat Snacks, Inc.
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