Europe Meat Snacks Market To Grab Immense Growth At Fastest CAGR 2025 |Grand View Research, Inc.


The Europe meat snacks market size is expected to reach USD 4.59 billion by 2025, expanding at a CAGR of 10.1%, according to a new report by Grand View Research, Inc. The rising demand for healthier protein snacks coupled with growing awareness regarding healthy lifestyles is expected to drive market growth.
The demand for meat snacks in Europe is expected to increase rapidly as the market is still in its nascent stage. The introduction of Jack Link’s jerky product has transformed the market landscape in this region. The growing demand for jerky has garnered the attention of major snack manufacturers in this region. The launch of different product forms, such as handmade sausage crisps, is expected to have a positive impact on market demand.
Supermarkets and hypermarkets are the preferred method of distribution for manufacturers. on account of bulk buying advantage. Rapid growth of e-commerce portals with home delivery services is expected to overshadow the current distribution dynamics, thus restricting growth of supermarkets and hypermarkets.
The market is highly competitive in nature and is, therefore, marked by an extensive new product development. Industry participants are acquiring local companies to gain access to the market along with the technology and regional flavors. Key industry participants include MeatSnacks Group, Cremonini Group, IZICO, Jack Link’s GmbH, Windau, Citterio, Kerry Group, and Bell Group.
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https://www.grandviewresearch.com/industry-analysis/europe-meat-snacks-market/request/rs4
Further key findings from the report suggest:
·         Germany accounted for 15.5% of the European meat snacks market in 2016 owing to the presence of major manufacturers and new product introductions.
·         The UK and Belgium & Luxembourg are projected to be the fastest growing countries, registering a CAGR of 10.6% and 10.8% respectively from 2017 to 2025. Rising consumer preference towards healthier snacking options over traditional food, such as sausages and poultry meat is expected to drive meat snacks market in the region.
·         Pickled poultry meat demand is expected to witness below average growth rate, registering a CAGR of 9.6% from 2017 to 2025 on account of increased demand for other product categories.
·         Restaurants are expected to be a preferred distribution channel with a fastest CAGR of 10.9% from 2017 to 2025. This growth is attributed to manufacturers, who are tailoring products as per consumer taste and preference and investing highly in this distribution channel.
·         The industry is expected to witness consolidation in the future owing to growing merger and acquisition activities with an aim to gain dominance in the product category or establish control over the distribution channels.
·         In September 2016, Bell acquired Geiser AG, a company specializing in deliveries to the food service sector. The acquisition was carried out to establish the former’s influence on the restaurant distribution channel.
Convenience stores, being in closer proximity, helps manufacturers serve consumers in a more convenient way, which is further expected to drive the demand for these offerings over the forecast period.
E-commerce is gaining immense importance on account of the growing internet penetration among the population. Manufacturers have established their own e-commerce portals, which has resulted in increased sales through this distribution channel.
Grocery stores play an important role in the distribution of these products in the Eastern Europe and other small countries. The perception among consumers that products available in grocery stores are fresh and good quality is expected to drive the market demand.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/europe-meat-snacks-market-analysis
Grand View Research has segmented the Europe meat snacks market on the basis of product, distribution channel, and country:
Europe Meat Snacks Product Outlook (Revenue, USD Million, 2014 - 2025)
·         Jerky
·         Meat Sticks
·         Pickled Sausages
·         Ham Sausages
·         Pickled Poultry Meat
·         Others
Europe Meat Snacks Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025)
·         Convenience Stores
·         Supermarkets & Hypermarkets
·         Grocery Stores
·         Restaurants
·         Others

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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