Global Meat Snacks Market Report and Forecast 2024-2032

Global Meat Snacks Market Outlook

The global meat snacks market size was approximately USD 11.24 billion in 2023. The market is assessed to grow at a CAGR of 8.26% between 2024 and 2032, reaching a value of USD 22.94 billion by 2032.

Key Trends in the Market

Meat snacks are ready-to-go food in which the key ingredient is meat. These savoury snacks are specifically designed for main mealtimes like breakfast, lunch, or dinner. Meat is rich in protein, iron, B12, vitamin C, and vitamin D, hence these snacks have health benefits such as preventing anaemia, strengthening muscles, and maintaining bone and blood health, among others.

• Growing prevalence of obesity and other lifestyle-based health issues have changed meal patterns, pushing consumers to choose low-carb and high-protein snacking options. Meat-based snacks are rich in nutrients like omega-3, iron, and protein, among others. Hence, the meat snacks market growth is being supported by increasing health consciousness and rising consumption of meat to meet daily requirements for protein.

• Evolving customer demands and the hectic lifestyles of the working population are surging the preference for ready-to-eat and on-the-go food like snacks. This,  coupled with the increasing number of women in the workforce, is driving the preference for nutritious yet convenience foods, aiding the meat snacks market demand.

• The thriving e-commerce sector and facilities rapidd and timeslot-based delivery services have increased the accessibility as well as affordability of meat snacks. Besides, the globalisation of culinary patterns and flavour innovations by key players are positively influencing the market growth.

• One of the prominent meat snacks market trends is the growing demand for healthy and better-for-you snacking options, especially among the young population. Health-conscious individuals are also increasingly preferring high-protein snacks, boosting the appeal of meat snacks.

Market Analysis

The market division, on the basis of source, includes poultry, beef, and pork, among others. Based on product, the market is categorised into sausages, sticky, and jerky, among others.

By distribution channel, the global meat snacks market segmentation includes supermarket and hypermarkets, convenience stores, and online, among others. The major regional markets for meat snacks include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global meat snacks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• New World Foods (Europe) Limited

• ConAgra Brands Inc.

• Link Snacks, Inc

• Bridgford Foods Corporation  

• Sweetwood Smoke & Co

• Oberto Snacks Inc.

• Country Archer Provisions & WorldPantry.com LLC  

• Meatsnacks Group

• Golden Valley Natural, LLC

• Hormel Foods Corporation

• Others

Market Share by Product

As per the global meat snacks market analysis, jerky represents a significant share of the market and its demand is expected to grow further in the coming years. This can be attributed to the growing demand for low-fat, high-protein, and fulfilling snacks with innovative and savoury flavours. Jerky snacks come in small packages and are easy to carry as well as cook. On-the-go nature of these snacks is also boosting the market demand.

Meanwhile, sausages are expected to occupy a significant market share in the coming years due to their stir-and-fry nature.

Market Share by Region

North America accounts for a significant portion of the meat snacks market share. The United States is one of the largest poultry meat and beef producers and consumers in the region. The growing demand for convenient, healthy, and on-the-go food, due to the hectic lifestyle of the working population also supports the market expansion. Meanwhile, the Asia Pacific is witnessing a healthy growth due to the increasing disposable incomes of the growing middle-class population.

Competitive Landscape

ConAgra Brands Inc. is an American consumer packaged goods company headquartered in Chicago, Illinois. Conagra produces and sells products under various brand names such as Open Pit®, Angie’s BOOMCHICKAPOP®, and Birds Eye® C&W, among others. It manufactures a wide range of food products, including cooking oil, frozen dinners, hot cocoa, hot dogs, and peanut butter, among others.

Link Snacks, Inc., also known as Jack Link’s, is a company that is recognised for its beef jerky. It was founded in 1985 and is headquartered in Wisconsin, the United States of America. In addition to traditional beef jerky, it also makes bacon jerky and pork meat.

Bridgford Foods Corporation traces its roots back to 1932 when it established its first store in California, the United States. It manufactures frozen bread dough, biscuits, cinnamon roll doughs, sandwiches, beef jerky, snack, and deli foods.

Other key meat snacks market players are New World Foods (Europe) Limited, Sweetwood Smoke & Co, Oberto Snacks Inc., Country Archer Provisions & WorldPantry.com LLC ,Meatsnacks Group, Golden Valley Natural, LLC, and Hormel Foods Corporation, among others.

Key Highlights of the Report