The Asia Pacific meat snacks market is expected to grow from US$ 2,799.46 million in 2022 to US$ 4,348.50 million by 2028. It is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
Clean-label trend is gaining popularity across the meat industry. Consumers are preferring all-natural and less-processed meat products that offer high nutritional benefits. Organic and clean-label meat snacks are made from organically raised beef, chicken, or pork. These snacks are free of synthetic additives, such as colors, anti-caking agents, stabilizers, and preservatives. The rising demand for clean-label and organic meat snacks is expected to provide lucrative growth opportunities in the Asia Pacific meat snacks market during the forecast period.
According to Asia Research and Engagement (ARE), Pakistan, Vietnam, and Thailand are major beef-consuming countries in Asia Pacific, which boost the demand for beef-based snacks in these countries. However, in countries such as India, the religious sentiments associated with beef consumption create significant growth opportunities for chicken-based meat snacks.
Based on type, the Asia Pacific meat snacks market is segmented into jerky, meat sticks, sausages, and others. The jerky segment registered the largest Asia Pacific meat snacks market share in 2022.
Based on source, the Asia Pacific meat snacks market is segmented into beef, chicken, pork, and others. The beef segment held the largest Asia Pacific meat snacks market share in 2022.
Based on category, the Asia Pacific meat snacks market is segmented into plain and flavored. The flavored segment held a larger Asia Pacific meat snacks market share in 2022.
Based on distribution channel, the Asia Pacific meat snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hyper markets segment held the largest Asia Pacific meat snacks market share in 2022.
Based on country, the Asia Pacific meat snacks market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific meat snacks market in 2022.
General Mills Inc, Hormel Foods Corporation, Link Snacks Inc, and The Original Beef Chief Pty Ltd, are some of the leading companies operating in the meat snacks market in the region.
Rising Popularity of Clean-Label and Organic Meat Snacks Fuels Asia Pacific Meat Snacks Market
People are getting highly concerned about the food they consume, paying more attention to product labels and ingredients used in processed food products. Organic products are becoming increasingly popular due to their perceived health benefits. They are free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs) that increase their appeal and convince consumers to pay more. The rising concern over the use of synthetic or chemical additives, such as preservatives, flavor enhancers, and colors, increases the preference of clean-labeled products. Therefore, meat snacks producers are developing products with all natural and minimally processed ingredients.Clean-label trend is gaining popularity across the meat industry. Consumers are preferring all-natural and less-processed meat products that offer high nutritional benefits. Organic and clean-label meat snacks are made from organically raised beef, chicken, or pork. These snacks are free of synthetic additives, such as colors, anti-caking agents, stabilizers, and preservatives. The rising demand for clean-label and organic meat snacks is expected to provide lucrative growth opportunities in the Asia Pacific meat snacks market during the forecast period.
Asia Pacific Meat Snacks Market Overview
The meat snacks market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Many consumers in Asia Pacific are opting for animal products as a preferred source of protein. The region holds promising growth potential for the meat snacks market players due to the flourishing food industry and developing retail infrastructure. The demand for meat-based products is growing with the rising popularity of the western diet and increased demand for ready-to-eat and ready-to-cook products in China, India, and Japan, among other Asia Pacific countries.According to Asia Research and Engagement (ARE), Pakistan, Vietnam, and Thailand are major beef-consuming countries in Asia Pacific, which boost the demand for beef-based snacks in these countries. However, in countries such as India, the religious sentiments associated with beef consumption create significant growth opportunities for chicken-based meat snacks.
Asia Pacific Meat Snacks Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Meat Snacks Market Segmentation
The Asia Pacific meat snacks market is segmented into type, source, category, distribution channel and country.Based on type, the Asia Pacific meat snacks market is segmented into jerky, meat sticks, sausages, and others. The jerky segment registered the largest Asia Pacific meat snacks market share in 2022.
Based on source, the Asia Pacific meat snacks market is segmented into beef, chicken, pork, and others. The beef segment held the largest Asia Pacific meat snacks market share in 2022.
Based on category, the Asia Pacific meat snacks market is segmented into plain and flavored. The flavored segment held a larger Asia Pacific meat snacks market share in 2022.
Based on distribution channel, the Asia Pacific meat snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hyper markets segment held the largest Asia Pacific meat snacks market share in 2022.
Based on country, the Asia Pacific meat snacks market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific meat snacks market in 2022.
General Mills Inc, Hormel Foods Corporation, Link Snacks Inc, and The Original Beef Chief Pty Ltd, are some of the leading companies operating in the meat snacks market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Meat Snacks Market Overview
5. Asia Pacific Meat Snacks Market - Key Market Dynamics
6. Meat Snacks - Asia Pacific Market Analysis
7. Asia Pacific Meat Snacks Market Analysis - By Type
8. Asia Pacific Meat Snacks Market Analysis - By Source
9. Asia Pacific Meat Snacks Market Analysis - By Category
10. Asia Pacific Meat Snacks Market Analysis - By Distribution Channel
11. Asia Pacific Meat Snacks Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
At 7.6% CAGR, the Asia Pacific Meat Snacks Market is Speculated to be Worth US$ 4,348.50 million by 2028.According to this research, the Asia Pacific meat snacks market was valued at US$ 2,799.46 million in 2022 and is expected to reach US$ 4,348.50 million by 2028, registering a CAGR of 7.6% from 2022 to 2028. Increasing demand for high-protein snacks, surging popularity of chicken-based meat snacks, and rising popularity of clean-label and organic meat snacks are the critical factors attributed to the Asia Pacific meat snacks market expansion.
People are getting highly concerned about the food they consume, paying more attention to product labels and ingredients used in processed food products. Organic products are becoming increasingly popular due to their perceived health benefits. They are free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs) that increase their appeal and convince consumers to pay more. The rising concern over the use of synthetic or chemical additives, such as preservatives, flavor enhancers, and colors, increases the preference of clean-labeled products. Therefore, meat snacks producers are developing products with all natural and minimally processed ingredients.
Clean-label trend is gaining popularity across the meat industry. Consumers are preferring all-natural and less-processed meat products that offer high nutritional benefits. Organic and clean-label meat snacks are made from organically raised beef, chicken, or pork. These snacks are free of synthetic additives, such as colors, anti-caking agents, stabilizers, and preservatives. The rising demand for clean-label and organic meat snacks is expected to provide lucrative growth opportunities in the Asia Pacific meat snacks market during the forecast period.
On the contrary, increasing vegan population hurdles the growth of Asia Pacific meat snacks market.
Based on type, the Asia Pacific meat snacks market is segmented into jerky, meat sticks, sausages, and others. The jerky segment held 39.2% share of Asia Pacific meat snacks market in 2022, amassing US$ 1,098.64 million. It is projected to garner US$ 1,718.08 million by 2028 to expand at 7.7% CAGR during 2022-2028.
Based on source, the Asia Pacific meat snacks market is segmented into beef, chicken, pork, and others. The beef segment held 60.5% share of Asia Pacific meat snacks market in 2022, amassing US$ 1,693.84 million. It is projected to garner US$ 2,604.57 million by 2028 to expand at 7.4% CAGR during 2022-2028.
Based on category, the Asia Pacific meat snacks market is segmented into plain and flavored. The flavored segment held 85.6% share of Asia Pacific meat snacks market in 2022, amassing US$ 2,395.16 million. It is projected to garner US$ 3,793.10 million by 2028 to expand at 8.0% CAGR during 2022-2028.
Based on distribution channel, the Asia Pacific meat snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hyper markets segment held 57.4% share of Asia Pacific meat snacks market in 2022, amassing US$ 1,605.78 million. It is projected to garner US$ 2,467.95 million by 2028 to expand at 7.4% CAGR during 2022-2028.
Based on country, the Asia Pacific meat snacks market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 42.4% share of Asia Pacific meat snacks market in 2022. It was assessed at US$ 1,186.92 million in 2022 and is likely to hit US$ 1,756.94 million by 2028, exhibiting a CAGR of 6.8% during 2022-2028.
Key players operating in the Asia Pacific meat snacks market are General Mills Inc, Hormel Foods Corporation, Link Snacks Inc, and The Original Beef Chief Pty Ltd, among others.
Companies Mentioned
- General Mills Inc.
- Hormel Foods Corporation
- Link Snacks Inc.
- The Original Beef Chief Pty Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 108 |
| Published | December 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 2.8 Billion |
| Forecasted Market Value by 2028 | 4.35 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 4 |
