North America Meat Snacks Market was worth USD 1.47 billion in 2021 and estimated to be growing at a CAGR of 6.48% to reach USD 2.02 billion by 2026.
Meat snacks are among the popular snacks which includes traditional beef jerky, meat sticks, sausages, and others. Traditional beef jerky is lean meat trimmed of fat, then cut into stripes and dehydrated and preserved with salt. It is typically low in carbohydrates, fat, calories and provides a high amount of protein. But due to the preservation the product is high in sodium too.
Traditionally, meat snacks were distributed in convenience stores, but due to more demand the retail channels started selling them. Meat snacks has many flavours and recipes which are packed very attractively to draw the attention of customers. The high protein content in the product acts as an energy booster which increases the sales of meat snacks.
Increasing demand for ready-to-eat snacks such as meat snacks among customers as they save time and effort, the growing demand for convenience in food preparation, rising consumer awareness regarding nutritional ingredients, increased emphasis on high levels protein intake and increasing disposable incomes are expected to be major drivers for growing demand. The growing number of working women has increased the customers demand for ready meals. However, factors like ethical issues, less preserved time and lack of numbers for packaging are hindering the market.
The North America meat snacks market are segmented into product and distribution channel. The product segment has been categorized into jerky, meat sticks, pickled sausages, ham sausages, and pickled poultry meat and others. Jerky holds around 50% of sales in the product category. The demand for jerky is expected to grow rapidly due to the rising awareness about healthy foods and changing snacking habits of the population. Based on the meat type, the market is segmented into poultry, beef, pork and others. Depending on flavours, the market is segmented into original, peppered, teriyaki, smoked and others. On the basis of distribution channel, the market is segmented into convenience Stores, supermarket & hypermarket, grocery Stores, restaurants and others. Supermarket/hypermarket were the preferred distribution channels, accounting for a share of 39% in 2018 due to the presence of a large number of supermarkets and changing retail landscape in North American countries. Restaurant distribution channel is expected to propel the growth due to the rising cafe culture around the world.
Geographically the North America Meat Snacks Market is segmented into US, Canada, Mexico and Rest of North America. North America have the largest share due to rise in R&D on new flavours derived from natural ingredients, rapid new product developments has resulted in a high number of offerings and unstable raw materials prices, such as beef, pig, and poultry meat.
Key Players in the Market:
Major Key Players in the North America Meat Snacks Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Jerky
5.1.3 Meat Sticks
5.1.4 Pickled Sausages
5.1.5 Ham Sausages
5.1.6 Pickled Poultry Meat
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Product
5.1.9 Market Attractiveness Analysis, By Product
5.1.10 Market Share Analysis, By Product
5.2 Meat Type
5.2.1 Introduction
5.2.2 Poultry
5.2.3 Beef
5.2.4 Pork
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By Meat Type
5.2.7 Market Attractiveness Analysis, By Meat Type
5.2.8 Market Share Analysis, By Meat Type
5.3 Flavours
5.3.1 Introduction
5.3.2 Original
5.3.3 Peppered
5.3.4 Teriyaki
5.3.5 Smoked
5.3.6 Others
5.3.7 Y-o-Y Growth Analysis, By Flavours
5.3.8 Market Attractiveness Analysis, By Flavours
5.3.9 Market Share Analysis, By Flavours
5.4 Distribution channel
5.4.1 Introduction
5.4.2 Convenience Stores
5.4.3 Supermarket & Hypermarkets
5.4.4 Grocery Stores
5.4.5 Restaurants
5.4.6 Others
5.4.8 Y-o-Y Growth Analysis, By Distribution channel
5.4.9 Market Attractiveness Analysis, By Distribution channel
5.4.10 Market Share Analysis, By Distribution channel
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Meat Type
6.1.3.4 By Flavours
6.1.3.5 By Distribution channel
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Meat Type
6.1.4.4 By Flavours
6.1.4.5 By Distribution channel
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Meat Type
6.1.5.4 By Flavours
6.1.5.5 By Distribution channel
6.2 United States
6.3 Canada
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Jack Link’s
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Conagra foods
8.3 Meat snacks Group
8.4 Hormel Foods
8.5 King Elite Snacks
8.6 Marfood USA
8.7 Tyson Foods
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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