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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