Meat Snacks Market Size, Share, Growth Analysis, By Product Type (Sausages, Bars), By Source (Pork, Salmon), By Flavour (Peppered, Spicy), By Nature (Conventional, Organic), By Sales Channel (HoReCa, Retail), By End User, By Region - Industry Forecast 2024-2031

The North America region dominated the global meat snack market in 2021, as customers value the portability, convenience, and indulgence that savory snacks provide. In terms of beef and poultry output, the United States is at the top. The expansion of the market is accelerated by an increase in the manufacture of meat snacks. Out of the total beef produced worldwide, 20% is produced in the US, according to the U.S. Department of Agriculture (USDA). Large-scale production of beef jerkies occurs in the US, Canada, and Mexico. Additionally, the region's strong consumption of meat snacks is fostering the market expansion. For example, Statista's calculations are based on information from the U.S. Census and the Simmons National Consumer Survey (NHCS). According to this number, beef jerky and meat snacks were consumed by 128.73 million Americans in 2020. Sales of meat snacks in the United States totaled over 3.5 billion dollars in 2019.

The Asia Pacific region is predicted to have the largest market share during the forecast period. The main driving force behind the region's rise is the rising demand for meat snacks from developing nations like China and India. The demand for these snacks in this region is rising as a result of the growing population. Pork is the most commonly produced meat in China, followed by beef and fowl. These are the elements that are expected to boost demand for mobile payments during the forecast period.

In the coming years, Europe has the potential to grow in the meat snacks market. Leading economies in this region include France, Germany, and the United Kingdom. Due to the significant presence of large manufacturers in the region, which accounted for over 16% of the overall market share, the market is expected to increase throughout the anticipated period. In this region, these snacks made of beef and pig are more prevalent. Statista anticipated that the market for beef snacks in Europe would be worth 1.8 billion US dollars in 2020.