LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global meat snacks market since 2016 and the market is poised to grow by USD 3.17 billion during 2018-2022 at a CAGR of over 8% during the forecast period. Request Free Sample Pages
Read the 115-page research report with TOC on "Meat Snacks Market Analysis Report by Product (Jerkies, Meat sticks, Meat steak, and Other meat snacks), by Distribution Channel (Convenience stores, Supermarkets and hypermarkets, and Others), and Segment Forecasts, 2018-2022."
The market is driven by the introduction of new products. In addition, the innovative packaging is anticipated to further boost the growth of the meat snacks market.
Vendors are focusing on the launch of new products in a bid to accelerate the revenue flow and expand the customer base. Moreover, it provides them a competitive edge over other players in the market. This is encouraging vendors such as Country Archer Jerky and Link Snacks to introduce new varieties of meat snacks. Thus, the introduction of new products by vendors is expected to drive market growth during the forecast period.
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Major Five Meat Snacks Market Companies:
Conagra Brands
Conagra Brands is headquartered in the US and operates the business under various segments such as Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Commercial. The company offers meat snacks such as Slim Jim and Duke's.
Hormel Foods
Hormel Foods is headquartered in the US and offers products through the following business units: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The company offers meat snacks such as Natural Choice and JENNIE-O.
Link Snacks
Link Snacks is headquartered in the US and offers various meat snacks such as steaks, strips, bites, jerky, and sticks. The company has introduced new bacon and sausage breakfast items under the brand name AM.
The Meatsnacks Group
The Meatsnacks Group is headquartered in the UK and offers various meat snacks such as biltong, jerkies, and others under brands including Texas Joe's, Wild West, Cruga, and others.
Tyson Foods
Tyson Foods is headquartered in the US and offers products through the following business segments: Beef, Pork, Chicken, and Prepared Foods. The company offers meat snacks under brands such as Any'tizers, Golden Island, Ball Park, and Hillshire.
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Meat Snacks Products Outlook (Revenue, USD Million, 2018-2022)
- Jerkies
- Meat sticks
- Meat steak
- Other meat snacks
Meat Snacks Regional Outlook (Revenue, USD Million, 2018-2022)
- Americas
- APAC
- EMEA
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