Asia Pacific Meat Snacks Market Forecast to 2028
Asia Pacific Meat Snacks Market Forecast to 2028 – Regional Analysis – by Type (Jerky, Meat Sticks, Sausages, and Others), Source (Beef, Chicken, Pork, and Others), Category (Plain and Flavored), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)
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Description
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.
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According to the research team’ 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.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific meat snacks market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific meat snacks market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the meat snacks market as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Asia Pacific Meat Snacks Market Overview
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 The Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Asia Pacific Meat Snacks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for High-Protein Snacks
5.1.2 Surging Popularity of Chicken-Based Meat Snacks
5.1.3 Strategic Developments by Key Market Players
5.2 Market Restraints
5.2.1 Increasing Vegan Population
5.3 Market Opportunities
5.3.1 Rising Popularity of Clean-Label and Organic Meat Snacks
5.4 Future Trends
5.4.1 Advent of Lab-Grown/Cultured Meat
5.5 Impact Analysis of Drivers and Restraints
6. Meat Snacks – Asia Pacific Market Analysis
6.1 Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Meat Snacks Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Meat Snacks Market, By Type (2021 and 2028)
7.3 Jerky
7.3.1 Overview
7.3.2 Jerky: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Meat Sticks
7.4.1 Overview
7.4.2 Meat Sticks: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Sausages:
7.5.1 Overview
7.5.2 Sausages: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Meat Snacks Market- Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Meat Snacks Market Analysis – By Source
8.1 Overview
8.2 Asia Pacific Meat Snacks Market, By Source (2021 and 2028)
8.3 Beef
8.3.1 Overview
8.3.2 Beef: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Chicken
8.4.1 Overview
8.4.2 Chicken: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Pork
8.5.1 Overview
8.5.2 Pork: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Meat Snacks Market Analysis – By Category
9.1 Overview
9.2 Asia Pacific Meat Snacks Market, By Category (2021 and 2028)
9.3 Plain
9.3.1 Overview
9.3.2 Plain: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Flavored
9.4.1 Overview
9.4.2 Flavored: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Meat Snacks Market Analysis – By Distribution Channel
10.1 Overview
10.2 Asia Pacific Meat Snacks Market, By Distribution Channel (2021 and 2028)
10.3 Supermarkets and Hypermarkets
10.3.1 Overview
10.3.2 Supermarkets and Hypermarkets: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Convenience Stores
10.4.1 Overview
10.4.2 Convenience Stores: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Online Retail
10.5.1 Overview
10.5.2 Online Retail: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Meat Snacks Market – Country Analysis
11.1 Asia Pacific: Meat Snacks Market
11.1.1 Asia Pacific: Meat Snacks Market, by Key Country
11.1.1.1 China: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 China: Meat Snacks Market, By Type
11.1.1.1.2 China: Meat Snacks Market, by Source
11.1.1.1.3 China: Meat Snacks Market, By Category
11.1.1.1.4 China: Meat Snacks Market, by Distribution Channel
11.1.1.2 Japan: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Japan: Meat Snacks Market, By Type
11.1.1.2.2 Japan: Meat Snacks Market, by Source
11.1.1.2.3 Japan: Meat Snacks Market, By Category
11.1.1.2.4 Japan: Meat Snacks Market, by Distribution Channel
11.1.1.3 India: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India: Meat Snacks Market, by Type
11.1.1.3.2 India: Meat Snacks Market, by Source
11.1.1.3.3 India: Meat Snacks Market, by Category
11.1.1.3.4 India: Meat Snacks Market, by Distribution Channel
11.1.1.4 Australia: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Australia: Meat Snacks Market, By Type
11.1.1.4.2 Australia: Meat Snacks Market, by Source
11.1.1.4.3 Australia: Meat Snacks Market, By Category
11.1.1.4.4 Australia: Meat Snacks Market, by Distribution Channel
11.1.1.5 South Korea: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea: Meat Snacks Market, By Type
11.1.1.5.2 South Korea: Meat Snacks Market, by Source
11.1.1.5.3 South Korea: Meat Snacks Market, By Category
11.1.1.5.4 South Korea: Meat Snacks Market, by Distribution Channel
11.1.1.6 Rest of Asia Pacific: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific: Meat Snacks Market, By Type
11.1.1.6.2 Rest of Asia Pacific: Meat Snacks Market, by Source
11.1.1.6.3 Rest of Asia Pacific: Meat Snacks Market, By Category
11.1.1.6.4 Rest of Asia Pacific: Meat Snacks Market, by Distribution Channel
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Merger and Acquisition
13. Company Profiles
13.1 Tyson Foods Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 General Mills Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Hormel Foods Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 The Original Beef Chief Pty Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About Research Team
14.2 Word Index
LIST OF TABLES
Table 2. China Meat Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Meat Snacks Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Meat Snacks Market, By Category – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Meat Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Meat Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan Meat Snacks Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Meat Snacks Market, By Category – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Meat Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Meat Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. India Meat Snacks Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 12. India Meat Snacks Market, By Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. India Meat Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Australia Meat Snacks Market, By Type- Revenue and Forecast to 2028 (US$ Million)
Table 15. Australia Meat Snacks Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia Meat Snacks Market, By Category- Revenue and Forecast to 2028 (US$ Million)
Table 17. Australia Meat Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea Meat Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea Meat Snacks Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Meat Snacks Market, By Category – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea Meat Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Asia Pacific Meat Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific Meat Snacks Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific Meat Snacks Market, By Category – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific Meat Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 2. Asia Pacific Meat Snacks Market Segmentation – By Country
Figure 3. Asia Pacific Meat Snacks Market Overview
Figure 4. Asia Pacific Meat Snacks Market: By Type
Figure 5. Asia Pacific Meat Snacks Market: By Region
Figure 6. Porter’s Five Forces Analysis: Asia Pacific Meat Snacks Market
Figure 7. Asia Pacific Expert Opinion
Figure 8. Ecosystem: Asia Pacific Meat Snacks Market
Figure 9. Asia Pacific Meat Snacks Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific: Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Meat Snacks Market Revenue Share, By Type (2021 and 2028)
Figure 12. Jerky: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Meat Sticks: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Sausages: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Asia Pacific Meat Snacks Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Meat Snacks Market Revenue Share, By Source (2021 and 2028)
Figure 17. Beef: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Chicken: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Pork: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia Pacific Meat Snacks Market Revenue Share, By Category (2021 and 2028)
Figure 22. Plain: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Flavored: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific Meat Snacks Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 25. Supermarkets and Hypermarkets: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Convenience Stores: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Online Retail: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Asia Pacific Meat Snacks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Asia Pacific: Meat Snacks Market Revenue, by Key Country (2021) ( US$ Million)
Figure 30. Asia Pacific: Meat Snacks Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. China: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Japan: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Australia: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Asia Pacific: Meat Snacks Market -Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Asia Pacific Meat Snacks Market
o General Mills Inc.
o Hormel Foods Corporation
o Link Snacks Inc.
o The Original Beef Chief Pty Ltd
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