Global Meat Snacks Market Size Analysis, 2018-2028

REPORT ID: BKR695Domain: ChemicalsPublished Date: April 2018

 

 

Global Meat Snacks Market Analysis

Meat snacks are an important source of protein with low-calorie content. Snacks have become an indispensable component of today’s consumers’ diet, and the consumption of snacks is increasing on a year-over-year basis. As such, Global meat snacks market size is estimated to be over USD 4.3 billion in 2018 and will grow with healthy CAGR compared to that by overall snacks growth.

A transition can be observed in consumers’ snacking habits as more consumers are getting inclined toward snack bars. Though, there has been an increase in overall sales of the product, the market has been a mix of perceptions. While developed regions has reached market saturation wherein companies are competing to sustain the market share; there has been immense growth in overall demand for meat snacks in developing regions. However, socioeconomic woes has been a major concern for industry players planning to expand their business reach. In order to assure the profitability, the leading companies are consistently launching various variants with different flavors.

Global Meat Snacks Market Drivers and Challenges:

Global Meat Snacks market revenue is expected to be driven by various factors. Some key macroeconomic factors expected to boost the sales of the product include manufacturers offering unique flavor profiles and new marketing approaches backed by RnD and product innovation, growing demand for healthy snacks that have a familiar taste and are suitable for daily consumption is also contributing to the sales. Ready-to-eat snacks such as meat snacks are becoming increasingly popular among consumers as they save time and effort.

Rising consumer awareness regarding nutritional ingredients and the perception wherein meat snacks are considered as affordable comfort food is acting as a significant market driver.

The industry is also characterized by mergers and acquisitions. The meat snacks sector is an attractive and growing sector with many relatively untapped markets. The acquisition of Hillshire Brands by Tyson Foods is a recent example of a strategic acquisition in the market.

To meet the changing preferences of customers, manufacturers are coming up with innovative packages that are convenient to carry and enable consumption directly from the package. Consumers are now demanding smaller pack sizes and packaging materials that are environment friendly. New modes of packaging such as stand up pouches and flat barrier bags are gaining popularity in the meat snacks market. Stand up pouches are easy to carry, can be resealed for later consumption and are available in vibrant colors and designs, whereas, flat barrier bags form the best packaging format for beef jerkies as they exhibit various other features such as oxygen absorbers and tear notches for easy opening. All these factors are increasing the potential of global meat market.

The global meat snacks market is segmented on the type of consumption (jerkies, sticks, and steaks). It is also available as kippered steak, pickled sausage, combo packs, sliced jerky and chews. Within the meat snack category, jerky is the most popular type and is typically low in fat, carbohydrates and calories and provides a high amount of protein but high in sodium. Jerky accounted for 46% of global meat snacks market in 2016. The share is expected to go down by nearly 300 basis points between 2017 and 2027.

Global Meat Snacks Market Regional Analysis:

Global meat snacks market is dominated by Europe followed by North America. Countries such as Germany, the UK, France, Russia, and Spain has been lucrative destination for meat snacks players. The demand in these countries is expected to grow on account of product awareness campaigns conducted and the introduction of flavored product. Belgium, Luxembourg, and the Netherlands are expected to be the major contributors to the overall demand over the forecast period. The UK market is driven by the rising new product developments. Countries such as the UK and Germany, which were originally dominated by sausages and pickled poultry meat, are now witnessing an increasing demand for jerky. Turkey is also expected to be the major markets for halal sticks, which would consequently augment the demand for this form of snack over the forecast period.

Asia Pacific, though, will register highest CAGR, will add little in terms of overall revenue opportunity. As such, aggressive expansion is still restricted to Europe and North America. In Asia Pacific, much of the demand for meat snacks is from ASEAN (Thailand and Vietnam) followed by China and South Korea. As per the estimates, China is estimated to account for nearly 57% of total Asia Pacific share in 2017. High population demographics along with comparatively lower meat snacks prices (~20% lower compared to global prices) has actually created demand among Asia Pacific region.

Global Meat Snacks Market Competition Analysis:

Industry participants are acquiring regional companies to gain access to the market along with the technology and regional flavors. Key industry participants include MeatSnacks Group, Cremonini Group, IZICO, Jack Link’s GmbH, Windau, Citterio, Kerry Group, and Bell Group.

The meat snack industry is still in its nascent stage. However, industry participants are adopting strategies that enable them to dominate and control the entire value chain. Companies such as Danish Crown and Cremonini Group are investing heavily in slaughterhouse facilities and distribution channels to gain sustainable advantage.

The presence of a large number of supermarkets and changing retail landscape in Central and Eastern Europe is expected to boost the demand for meat snacks. However, the rising cafe culture around the world is expected to propel the restaurant distribution channel growth over the forecast period. The Top vendors include Conagra Brands, Hormel Foods, JACK LINK’S (Link Snacks), KINGS ELITE SNACKS, Marfood USA, The Meatsnacks Group and Tyson Foods.

In the first quarter of 2017 US-based private equity firm Insignia Capital Group has acquired branded meat snacks provider Tillamook Country Smoker thus pointing towards the growth potential in this product segment.

The industry is expected to witness a stable growth and with growing product offerings to people the market will remain competitive and tight on profit margins along the value chain.

Meat Snacks Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Meat Snacks Market Value
    • Overall Market Forecast
    • Meat Snacks Growth Outlook, By Segments
    • Meat Snacks Growth Scenario, by Region
  6. The Meat Snacks Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Meat Snacks Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Key Industry Developments
  8. The Meat Snacks Market Pricing Analysis
    • Meat Snacks Pricing Forecast
    • Pricing Analysis By Region
    • Meat Snacks Pricing Trends
  9. Global Meat Snacks Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Meat Snacks Industry Predictive Analysis
    • Meat Snacks Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Meat Snacks Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Meat Snacks Industry Size and Forecast, By Segments
    • By Product
      • Jerky
      • Meat Sticks
      • Steak Kippered
      • Combo Meat Snacks
      • Pickled
      • Chew
      • Sliced
      • Others
    • By Flavors
      • Original
      • Peppered
      • Teriyaki
      • Other Flavors
    • By Meat Type
      • Poultry
      • Pork
      • Beef
      • Seafood
      • Others
    • By Distribution Channel
      • Supermarkets
      • Hypermarkets
      • Convenience Stores
      • General Stores
      • Others
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Meat Snacks Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Meat Snacks Market, By Segments (As mentioned in section 10 of TOC)
    • S. Meat Snacks Market Size and Forecast, By Segments
    • Canada Meat Snacks Market Size and Forecast, By Segments
  2. Latin America Meat Snacks Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Meat Snacks Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Meat Snacks Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Meat Snacks Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Meat Snacks industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Meat Snacks Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Meat Snacks Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Meat Snacks Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Meat Snacks Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Meat Snacks industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Meat Snacks Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Meat Snacks Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Meat Snacks Market, By Segments (As mentioned in section 10 of Meat Snacks Market TOC)
    • Russia Meat Snacks Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Meat Snacks industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Meat Snacks Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Meat Snacks Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Meat Snacks Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Meat Snacks Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Meat Snacks industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Meat Snacks Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Meat Snacks Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Meat Snacks Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Meat Snacks Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Meat Snacks industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Meat Snacks Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Meat Snacks Industry Size and Forecast, (2017-2027)
    • Africa Meat Snacks Industry Share (%)
    • Africa Meat Snacks Industry Growth Forecast (%)
    • South Africa Meat Snacks Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Meat Snacks industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

 

  1. Meat Snacks Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • ConAgra
      • Bridgford Foods
      • Jack Link’s
      • Golden Valley Natural
      • Monogram Foods
      • Old Wisconsin
      • Wild Ride Beef Jerky
      • Winterbotham Darby
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Meat Snacks industry TOC and sample research pages, download sample.

What Will You Discover in the Report?

  • An in-depth analysis of the Meat Snacks market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Meat Snacks market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Meat Snacks market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Meat Snacks industry during the forecast period
  • Who are the Meat Snacks industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Meat Snacks Industry Suppliers
  • Meat Snacks Industry Manufacturers
  • Consultants and Analysts
  • Researchers

Analyst access with Bekryl Market Analysts

Purchasing of Meat Snacks market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Meat Snacks Market Report Structure

Meat Snacks Industry Dynamics

This section enables Meat Snacks industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Meat Snacks market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Meat Snacks industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Meat Snacks Industry Trends
  • Meat Snacks Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Meat Snacks Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Meat Snacks industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Meat Snacks industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Meat Snacks market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Meat Snacks Market Size

  • S.
  • Canada

Latin America Meat Snacks Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Meat Snacks Market value analyzed across each Latin America country)

Western Europe Meat Snacks Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Meat Snacks Market value analyzed across each Western Europe country)

Central and Eastern Europe Meat Snacks Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Meat Snacks Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Meat Snacks Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Meat Snacks Market value analyzed across each Asia Pacific country)

Middle East Meat Snacks Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Meat Snacks Market value analyzed across each Middle East country)

Africa Meat Snacks Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Meat Snacks Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Meat Snacks Market Growth Forecasting Methodology

In order to prepare historical data and analyze Meat Snacks market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Meat Snacks market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Meat Snacks industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Meat Snacks industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Supply Chain Analysis
  • Potential Consumer Mapping

 Meat Snacks Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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