Asia-Pacific meat snacks market is anticipated to showcase a CAGR of 8.3% during the forecast period (2020-2026). The easily portable packaged snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector is again anticipated to drive the growth of the meat snack market across the region owing to its ease of accessibility. China is anticipated to hold a considerable share in the regional meat snacks market. Several Chinese online retailers are working on online to offline format, to provide more convenience to consumers. For instance, in 2016, Alibaba opened its first new online-to-offline (O2O) format through the Hema supermarket chain (with nearly 150 outlets across China).
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Additionally, JD.com opened nearly 12 O2O outlets under the 7Fresh brand and in 2018, the company declared that it will open 500-1,000 high-tech supermarkets in the next five years (up to 2023). Thus, the increase in the retail sales of the foods is likely to create a scope for market growth shortly. India, China, and Japan; major economies of the region are having well-established distribution channels for all types of retail companies. The retail services industry provides an openly competitive environment that fosters strong business operations and spurs innovations that increase efficiency and reliability.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Product Type, Distribution Channel
· Regions Covered- Asia-Pacific
· Competitive Landscape- Conagra Brands Inc., PepsiCo, Inc., Hormel Foods Corp., Jack Link’s LLC, Tyson Foods, and Kings Elite Snack
Key questions addressed by the report
· What is the market growth rate?
· Which segment dominates the market in the base year?
· Which segment will project the fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from the pre-COVID-19 forecast
· Most affected segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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Asia-Pacific Meat Snacks Market Report Segment
By Product Type
· Jerky
· Sticks
· Sausages
· Others
By Distribution Channel
· Convenience Stores
· Supermarket/Hypermarket
· Online Store
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
