Global Meat Snacks Market, By Meat, Products type, Flavor, and Distribution Channels
Meat snacks are the type of food that is made by marinating meat in a curing solution and drying it. Processing meat in such way gives a unique flavor and longer shelf life to meat snacks. Meat snacks have powerful flavor due to concentrating effect of the moisture removal process. The manufacturing process of meat snacks involves initial meat preparation, preparing the curing solution, meat processing and curing, and finally quality check and packaging. The curing solution has antimicrobial effects that prevent the growth of harmful bacteria.
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Introduction of the new flavored products is the major driver for the growth of meat snacks market globally. Spicy, salty, and specific flavored snacks attract the consumers. Manufactures are focusing on producing Jalapeno, teriyaki, and habanero with flavored meat snacks namely cranberry and pineapple, which is driving the growth of meat snack market. To attract consumers, manufacturers have introduced small and innovative on-the-go packages, which are convenient and easy to eat. These environmental friendly and easy to carry packages are gaining popularity in the meat snacks market. Easy to access distribution channel play an important role in the meat snacks market, in turn fueling the growth of meat snacks market. Fluctuations in raw material prices and the high price of final products are major restraint of this market.
In 2014, Tyson Foods merged with Hillshire Brands Company. Tyson foods is the international leader in the food industry, mainly in beef, chicken, and pork while Hillshire brands is the major manufacturer and marketer of packaged meat and frozen products in retail food services market. By the acquisition of the Tyson group and Hillshire Company, they generate annual sales of US$ 40 billion and planned to prepare high margin branded foods.
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Key player in Meat Snacks Market
The major players in the Meat Snacks market are Jack Link’s, King Elite Snacks, Marfood USA, Hormel Foods, ConAgra Foods, Meatsnacks Group, Winterbotham Darby, Nutreco N.V., CampoFrio Foods Group, Oberto Sausage, Duke’s Smoked Meats, and Wild Ride Beef Jerky.
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