{"id":129855,"date":"2024-03-16T13:25:32","date_gmt":"2024-03-16T17:25:32","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/global-meat-snacks-market-size-is-projected-to-reach-usd-13-95-billion-by-2031-growing-at-a-cagr-of-5-straits-research\/"},"modified":"2024-03-16T13:25:32","modified_gmt":"2024-03-16T17:25:32","slug":"global-meat-snacks-market-size-is-projected-to-reach-usd-13-95-billion-by-2031-growing-at-a-cagr-of-5-straits-research","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/global-meat-snacks-market-size-is-projected-to-reach-usd-13-95-billion-by-2031-growing-at-a-cagr-of-5-straits-research\/","title":{"rendered":"Global Meat Snacks Market Size is projected to reach USD 13.95 billion by 2031, growing at a CAGR of 5%: Straits Research"},"content":{"rendered":"

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As meat snacks are also considered convenience food items, the growth and adoption of convenience foods positively impact the market’s growth. <\/h2>\n

New York, United States, March 14, 2024 (GLOBE NEWSWIRE) — Meat nibbles are meat-based dishes eaten as a snack or between meals. These products, including jerkies, sausage sticks, meat bars, and meaty chips, are available in the global Meat Snacks market. They are frequently high in protein, low in carbs, and a good energy source. Customers who seek fast, on-the-go snacks that are still healthy and flavourful snacks like meat snacks. These products appeal to athletes and fitness enthusiasts looking for a convenient snack to help them meet their protein requirements.<\/p>\n

Download Free Sample Report PDF @\u00a0https:\/\/straitsresearch.com\/report\/meat-snacks-market\/request-sample<\/a><\/strong><\/p>\n

Development of the Retail Sector Drive the Global Market<\/b><\/p>\n

According to Straits Research, \u201cThe global meat snacks market size was worth\u00a0USD 8.99 billion in 2022.\u00a0It is estimated to reach\u00a0USD 13.95 billion by 2031,\u00a0growing at a\u00a0CAGR of 5%\u00a0during the forecast period (2023\u20132031).\u201d<\/strong> <\/em>Marketing Retail businesses are expanding due to the rapid growth of the economy, as well as an increase in the consumption of new snacking goods such as meat snacks, an increase in urbanization, and an increase in the middle-class population, particularly in emerging economies. Increased foreign direct investment (FDI) leads to increased involvement from foreign and private businesses, further propelling retail industry growth. This development in retail infrastructure raises the visibility and reach of products like food and other convenience items, which helps with total sales. Thus, all of these factors contribute to expanding the retail network in emerging nations, which is expected to support the growth of the meat snacks market.<\/p>\n

Premiumization Trend Provides Immense Opportunity<\/b><\/p>\n

The process through which producers make a product more desirable to consumers by stressing its greater quality and uniqueness is known as premiumization. It is motivated by a desire for high-quality items and services over low-cost alternatives. Customers are more likely to purchase high-quality items or services when per capita income rises. Most branded meat snack items fall into the premium sector, which offers greater efficiency. These items are projected to create profitable chances in the worldwide market.<\/p>\n

Regional Analysis<\/b><\/p>\n

North America is the largest worldwide meat snacks\u00a0market stakeholder, with a CAGR of 4.3% expected over the projected period. The rise in snack consumption, a surge in demand for convenience food items, and an expansion in the region’s local and foreign producers have all contributed to the market’s value sales growth. In 2018, the typical American family spent $25.81 per year on meat snacks. In this location, popular foods include jerky, beef sticks, and popcorn. With the surge in demand for meat snacks<\/a>, manufacturers want to improve their product offerings to meet the needs of their target clients better. As a result, free-from forms of meat snacks, such as fat- or sugar-free, have recently gained appeal among customers. Some prominent brands in this region include Jack Link’s, Old Wisconsin, Slim Jim, and Werner.<\/p>\n

Europe is expected to grow at a CAGR of 4.1% over the predicted period. Even in the food goods they eat daily, European consumers expect clarity. As a result, producers advertise or sell their products as free of or explicitly labeled with certain ingredients. GMO-free, sugar-free, or fat-free goods are examples. As a result, Europe has seen an increase in demand for meat snack products with clean labeling.<\/p>\n

Key Highlights<\/b><\/p>\n