In 2024, the market for meat snacks is poised to total USD 13.01 billion. During the forecast period, the meat snacks market is likely to rise at a moderate CAGR of 4%. By 2034, the market is expected to gain a valuation of USD 19.25 billion.
| Report Attribute | Details |
|---|---|
| Expected Market Value in 2024 | USD 13.01 billion |
| Projected Forecast Value in 2034 | USD 19.25 billion |
| Anticipated Growth Rate from 2024 to 2034 | 4.0% |
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The global demand for the meat snacks market was estimated to reach a valuation of USD 11.43 billion in 2019, according to a report from Future Market Insights (FMI). From 2019 to 2023, the meat snacks market witnessed a CAGR of 3.3%.
| Historical CAGR (2019 to 2023) | 3.3% |
|---|---|
| Forecast CAGR (2024 to 2034) | 4.0% |
The use of innovative ingredients and flavor combinations to produce distinctive and intriguing products is one innovation in the meat snack market. In an effort to provide consumers with innovative and intriguing snack alternatives, brands are experimenting with non-traditional meat sources like game meats or unusual proteins like insects.
The market is made more interesting and diverse by the addition of tastes and spices with international inspiration, which appeals to customers looking for novel and unusual culinary sensations.
Consumers are looking for Healthier and Premium Meat Options
The global meat snacks market is mostly driven by the increasing demand for healthier snack options. It attracts brands and companies to take advantage of the opportunity to provide quick and healthy snack choices. These snacks are in line with changing lifestyle and nutritional preferences.
The growing demand for artisanal and premium meat snacks is gathering traction. Customers are prepared to pay more for high-quality, gourmet meat snacks developed with ethically sourced ingredients and distinct flavor profiles. Meat manufacturers have a chance to stand out from the competition and seize a unique market segment looking for premium snacking experiences due to this trend.
Detrimental Health Hazards Related to Meat can impede Market Growth
Overconsumption of meat, especially processed as well as red meats, has been related to a variety of health problems. Upon closer examination of the data, it has been found that diets rich in meat can raise the risk of obesity, colon cancer, and cardiovascular disease.
Even though it is a healthy snack, meat snacks like beef jerky should only be eaten occasionally. It has an extremely high salt content, a 1-ounce (28-gram) serving provides around 22% of the 2,300 mg daily sodium intake. Consuming too much salt can negatively impact the blood pressure, heart health, and risk of stroke, among other elements of health.
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This section focuses on providing detailed analysis of two particular market segments for the meat snacks, the dominant product type and the source type. The two main segments discussed below are the jerky meat and poultry meat.
| Product Type | Jerky |
|---|---|
| Market Share in 2024 | 37.2% |
In 2024, the jerky meat will be high in demand and attain a market share of 37.2%. Jerky is a portable, easy-to-eat, high-protein snack choice that is perfect for busy lives and on-the-go consumption.
Customers looking for simple pantry basics will find jerky meat interesting due to its extended shelf life and durability, which make it ideal for storing and storing. Jerky's wide range of tastes and protein sources add to its appeal to a wide range of consumer preferences.
| Source | Poultry |
|---|---|
| Market Share in 2024 | 46.6% |
In 2024, it is probable the meat snack will be mostly sourced from the poultry. Poultry meat snacks are predicted to be popular for a variety of reasons. Poultry meat is well-known for its lean protein content, making it tempting to health-conscious consumers looking for nutritional snack alternatives.
Poultry snacks may be customized to meet the tastes of a wide range of consumers with their flavor profiles and product variations. These snacks are expected to have a high demand in the market due in part to the rising popularity of diets based around chicken and the convenience of these snacks.
This section will go into detail on the meat snacks markets in a few key countries, including the United States, the United Kingdom, China, Japan and South Korea. The below section will lay emphasis on the reasons that are pushing growth in each of the regions.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 0.9% |
| The United Kingdom | 0.80% |
| China | 4.60% |
| Japan | 1.90% |
| South Korea | 4.80% |
The United States meat snacks industry to gain a CAGR of 4% through 2034. It seems that eating meat equates to being "American." It is a main attraction during festivities like Thanksgiving Day feasts and cookouts on Independence Day.
Although this appears to be the case at first look, the relationship between identity and meat has been shaped by years of intensive marketing campaigns. These advertisements have done everything from telling males that they must eat meat if they want to be considered tough, to utilizing TikTok to praise the many advantages of dairy.
The meat snacks market in Germany is expected to expand with a 1.4% CAGR through 2034. The vegetarian consumers are also having meat snacks as an animal protein meal. Flexitarians are getting attracted to meat snacks owing the protein and other nutritional content.
The meat snacks ecosystem in China is anticipated to develop with a 6.20% CAGR from 2024 to 2034. Meat consumption in China has transitioned from plant-based to meat-based in recent decades, driven by higher incomes, societal status, and Western-style influences. The transition has also been influenced by the country's rapid economic expansion, and urbanization.
Since there are more affluent households in China, more people could be ready to buy premium and artisanal meat. In China, consumers prioritize flavor and product safety when choosing meat, with pricing coming in third.
The meat snacks industry in Japan is anticipated to reach a 6.20% CAGR from 2024 to 2034. Japanese cuisine has included meat extensively since the Meiji Restoration in 1867.
Compared to other Asian nations, Japan has a comparatively brief history of meat consumption due to political idealism, Buddhist vegetarianism, and poverty. Along with economic expansion and the westernization of Japanese eating customs, meat consumption rose. Japan consumes nearly twice as much meat as seafood at present.
The meat snacks ecosystem in India is likely to evolve with a 7% CAGR during the forecast period. Meat is accepted by all the religions in India and thus has a widespread acceptance.
Doctors and dieticians have been recommending animal protein to vegetarians to supplement the protein deficiency. Chicken, furthermore, is among the low cost meat options available in the country that can be afforded by the dominant section of the population.
Companies that offer meat snacks may set themselves apart from the competition by emphasizing unique flavor profiles, quality ingredients, and innovative package designs.
Companies may attract consumers looking for enhanced snacking experiences and establish brand loyalty in a competitive market by offering different taste combinations, sourcing high-quality meats, and utilizing sustainable packaging materials. The key players in this market include:
Key Development by Market Players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.0% from 2024 to 2034 |
| Market value in 2024 | USD 13.01 billion |
| Market value in 2034 | USD 19.25 billion |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Source, Sales Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Country Archer Jerky Co.; Monogram Food Solutions LLC; Golden Valley Natural, LLC; Hormel Foods Corporation; Conagra Brands Inc.; Link Snacks Inc.; The Meatsnacks Group; Bridgford Foods Corporation; Sweetwood Smokehouse; Wild West Jerky |
| Customisation Scope | Available on Request |
The meat snacks market is expected to garner a 4.0% CAGR from 2024 to 2034.
By 2024, the global meat snacks market is likely to gain USD 13.01 billion.
By 2034, the meat snacks market valuation is likely to reach a sum of USD 19.25 billion.
The meat snacks industry in the United States is likely to garner a 4% CAGR during the forecast period.
The jerky meat is likely to be highly preferred with a probable 37.2% market share in 2024.
The poultry meat will be rising in popularity with a 46.6% market share in 2024.
| Market Size (2023) | USD 88.11 billion |
|---|---|
| Market Size (2033) | USD 131.0 billion |
| Market CAGR (2023 to 2033) | 4.0% |
| Market Size (2023) | USD 8.5 billion |
|---|---|
| Market Size (2033) | USD 67.9 billion |
| Market CAGR (2023 to 2033) | 23% |
| Expected Market Value (2022) | USD 5,456 Million |
|---|---|
| Anticipated Forecast Value (2032) | USD 11,120 Million |
| Projected CAGR (2022 to 2032) | 7.4% |
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