ALBANY, N.Y., Feb. 16, 2021
- Innovations in the flavors and tastes of meat snacks are likely to bolster growth of these products. In addition, fortification with healthy proteins and other nutrients are likely to widen scope of growth for the market
- Strong promotional and branding strategies are used by manufacturers to draw attention of the consumers
ALBANY, N.Y., Feb. 16, 2021 /PRNewswire/ -- The global meat snacks market is likely to be driven by the increasing demand for nutrient-rich snacks. These popular snacks come with nutrients such as vitamin B12, iron, and omega-3s and they have been gaining traction amongst health-conscious people. Different portable snacks, such as sausages, sticks, and jerky are convenient options for consumers who do not have time to sit down and eat. These consumers prefer healthy on-the-go snacks, which is likely to work in favor of the global meat snacks market in the years to come.
Exponential growth of the e-commerce sector is estimated to benefit the market as e-commerce sites make an offer of a wide variety of meat snacks for online purchase. Outbreak of global pandemic, Covid-19, has further accelerated the online sale of meat snacks as governments impose lockdowns and social distancing norms. Amidst the ongoing situation, people are avoiding going to the supermarkets or retail stores and this catapulting online sales of different products. These factors are likely to support growth of the global meat snacks market over the assessment timeline, from 2019 to 2029.
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RTE or ready-to-eat food products are made utilizing dehydrated and dried animal-derived raw materials with various added seasonings and flavorings. Rich in proteins, iron, zinc, vitamin B12, and choline, meat snacks provide high energy and is essential in maintaining a balanced diet. Multiple health benefits of this product are likely to add fillip to the global meat snacks market in the years to come.
The global meat snacks market is anticipated to register a growth rate of ~7% CAGR over the projection timeline, from 2019 to 2029. Rising demand for on-the-go, healthy food items from the consumers are likely to boost demand for meat snacks in the market.
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Key Findings of Meat Snacks Market Study
Introduction of Innovative Flavors and Tastes to Support Demand in the Market
The global meat snacks market is likely to be driven by the augmented use of social media. The growth of the market is estimated to be influenced by the change in perception of consumers. Consumers are quite influenced by aggressive marketing of these products through social and traditional media platforms. Snack meat products are advertised with dramatic and impressive commercials. Packaging is also done to gather maximum attention of both young and old generations. Launch of innovative products are aimed at drawing the attention of younger people, who are more enthusiastic about new and different flavors and tastes. In addition to this, meat snacks are claimed to be healthy and natural with added vitamins and minerals. These factors are likely to create plentiful growth opportunities for the global meat snacks market over the forecast timeline, from 2019 to 2029.
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Consumer Perception of Premium Products and Attractive Packaging to Bolster Growth
Consumers usually perceive luxury and premium products as healthy and safe and these products are also perceived to be made in safe environments. Premium food items are believed to be mostly free from any adulteration and food fraud. Given its premium nature, meat snacks are gaining rapid traction in the Asia Pacific, Latin America, and the Middle East and Africa. Growing popularity in these parts of the world is likely to support growth of the global meat snacks market over the analysis timeline, from 2019 to 2029. Convenient packaging formats of these products, such as wrappings, small sachets are further likely to bolster growth of the global meat snacks market over the analysis timeline, from 2019 to 2029.
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Meat Snacks Market: Key Driving Factors
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