Tag: market insights

Meat Snacks Market: Top Trends and Industry Overview to Watch for in 2032

The Meat snacks market is anticipated to reach a worth of US$ 10.1 billion by 2022 and then grow at a CAGR of 7.7% from 2022 to 2032, hitting US$ 21.3 billion by that year.

Meat snacks are no longer limited to convenience stores they are easily available in fridges and ambient aisle in retail outlets. Some stores have dedicated end-cap displays of meat snack products.

They are accessible in sports stores for backpackers and are also available in different kiosks, coffee shops and vending machines. This has enlarged the visibility of products and has pushed the sale by multitude.

Some other vital strategies practised by brands are distinctive merchandising vehicles for retail outlets like racks and displays for optimal assortment, better placement to count on impulsive buying.

As per FMI, demand for plant-based sea food is expected to surge as products like tuna, shrimp crabs have high protein content during the assessment period. Consumer shift from plant-based meat to animal-based meat is expected to boost the demand for meat products. Key players are focusing on developing plant-based meat that retains same texture, favour and nutritious content as animal-based meat.

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Key Takeaways from Market Study

  • Sales of meat snacks are expected to increase at 8% and 7.7% CAGR in North America and the Latin America, respectively, through 2032.
  • Asia Pacific is expected to account for 30% market share during assessment year.
  • Europe meat snacks market is expected to reach US$ at 2.2 Bn over the forecast period on the back of rising consumption of meat food products
  • By product type, the food industry holds the highest market share and is expected to increase at a CAGR of 5.6%.

 “Rising awareness for balanced nutrient-rich eatables is expected to propel the demand for meat snacks products. Key

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Hostel Market is Set to Surpass a Worth of USD 7.0 Billion at a Steady CAGR of 10.0% From 2022 To 2032 | Report by FMI

The global hostel market size is estimated to expand at a CAGR of over 10.0% throughout the forecast period of 2022-2032, to be valued at US$ 7.0 Billion by the end of 2032.

Hostels are one of the trending mode of accommodation nowadays specially among youths. The introduction of hybrid hostels has become one of the key trends of hostel market. Hybrid hostels combines of affordability and sociability of hostel accommodation with upscale facilities such as advance technology, wifi, air conditioned, etc. The hybrid hostels are designed based on themes to attract vast audience.

Apart from that the hybrid hostels come with additional amenities and services such as: The Hostel Die Wohngemeinschaft, Cologne a hostel has a café bar, theatre, common lounge and the most important creative rooms that can be hired for inspiring conversation. Each room is decorated with unique theme; all beds are equipped with reading lamps and plug socket, the theatre can set up to 70 people and can host a variety of events like live music, talks, plays, films, etc.

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Apart from all this the hostel also has a living area to sit relax and complete the work. There are various types of hybrid hostels serving variety of audience in different way such as party hostels featuring the nightclubs, bars and lively environment, adventure hostels promoting the adventure activities such as trekking, rock climbing, etc, out of ordinary hostel based on a quirky hostel theme and many more. The uniqueness and the service they provide attract travelers to this place.

Key Takeaways from the Hostel Market Study

  •        According to our analysis the international tourist as well as domestic both may generate opportunities for hostel market. The international tourists are interested in discovering the Asia culture, Western Culture and diversity whereas
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