North America Meat Snacks Market to 2027 - Regional Analysis and Forecasts by Type (Jerky, Sticks, Strips & Bites, Bars, Sausages, Others); Nature (Organic, Conventional); Sales (Direct, Indirect); Flavour (Original, Pepperoni, Spicy Red Pepper, Others); Source (Beef, Pork, Turkey, Others) and Country
Publication Month: Oct 2019
Report Code: TIPRE00007036 No. of Pages: 173 Category: Food and Beverages Status: Published
The North America meat snacks market accounted to US$ 3,254.2 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019-2027, to account to US$ 6,036.5 Mn by 2027.
US is dominating the North America meat snacks market, followed by Canada. The market for meat snacks is growing in the US owing to the rise in consumption of convenience due to changing lifestyles and busy schedules. Also, increasing awareness about the benefits of healthy snacks is projected to surge the demand for meat snacks over the review period. Meat snacks are rich in protein content, serving as a good alternative for raw and cooked meat products. These snacks are easily available and are most popular among travelers and youth. Different types of flavors such as teriyaki and peppered are attracting a huge consumer base towards meat snack products in the US.
Exhibit: North America Meat Snacks Market
Market Insights
Rising preference for healthy meat snacks products has led to the growth of North America meat snacks market
Rising consumer awareness of health issues, a greater focus on fitness, higher personal incomes, and rapid urbanization considered boosting factors for the rising demand for nutrition-rich meat snack products. The key producers in the market are constantly focusing on introducing meat snack products that rich in nutrition to attract a new consumer segment in developed countries. Nowadays, consumers are becoming more health-conscious owing to the seemingly limitless access to information online. This has many positive effects for businesses looking to market the meat snack products rich in nutrients such as omega-3s, iron, and vitamin B12. Health-savvy consumers are more likely to look for precise information associated with the nutritional food products they are purchasing. An omega-3 is considered ideal for maintaining a healthy heart, and thus, the consumer prefers meat snack products enriched with omega-3. These factors are fuelling the growth of the North America meat snacks market.
Surge in demand for convenience food products will create growth opportunities for the North America meat snacks market
Convenient foods are food products that often need less time and effort for preparation. The demand for convenience foods is growing at a faster pace due to changes in social and economic patterns, as well as an increase in urbanization, buying power and awareness about health foods, changes in meal patterns and existing food habits, and desire to taste new products. In order to meet out the increasing demand, companies are coming up with improved varieties of meat snack products and efficient distribution channels to serve the wider customer base. The key factors driving consumers towards convenience foods are packaging, nutritional value, ease of use, safety, product appeal, and variety.
Type Insights
Based on type, the North America meat snacks market is bifurcated as jerky, sticks, stripes & bites, bars, sausages, and others. Jerky segment holds the major market share in the North America meat snacks market, followed by sausages. The key factors attributing to the growth of jerky segments is their high consumption by athletes, runners, and weightlifters after exercise, owing to the high protein content. Traditional jerky that is made from sliced whole muscle meat is readily available in developed countries such as the US, Canada, and Mexico. Jerky products are made from different types of meats and are available in various brands and qualities. These products are available in nearly every convenience store, gas station, supermarket, and variety shop in North American countries. These factors are boosting the demand for jerky in North America.
Nature Insights
The North America meat snacks market is bifurcated based on nature into organic and conventional. The conventional segment accounted for the largest share in the North America meat snacks market. Increasing demand for meat and meat products in developed countries such as the US and Canada is boosting the conventional meat snacks market. Due to low production costs, conventional meat producers are able to mass-produce the products and sell them to consumers at very lower prices. On the contrary, there will be more choices for the consumers as the competitors will lower their prices to be more competitive. These factors are boosting the demand for conventional meat snacks in North America.
Exhibit: Mexico Meat Snacks Market by Type
Strategic Insights
Mergers and acquisition, new development, market initiatives, and other activities were observed as the most adopted strategies in North America meat snacks market. Few of the recent developments in the North America meat snacks market are listed below:
2019: Old Trapper Smoked Products Inc. entered into partnership which includes sponsored features, podcast integration, live endorsements, and social media for Old Trapper premium beef jerky.
2019: Link Snacks, Inc. opened new offices in Minneapolis to broaden its image and increase the client base.
2018: Link Snacks, Inc. expanded its meat snack bars range with the introduction of two new high-protein steak snack bars, which are available in original and teriyaki flavors.
NORTH AMERICA MEAT SNACKS MARKET SEGMENTATION
By Type
- Jerky
- Sticks
- Stripes & Bites
- Bars
- Sausages
- Others
By Nature
- Organic
- Conventional
By Sales
- Direct
- Indirect
By Flavour
- Original
- Pepperoni
- Spicy Red Pepper
- Others
By Source
- Beef
- Pork
- Turkey
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- Bridgford Foods Corporation
- Conagra Brands, Inc.
- Hormel Foods Corporation
- Link Snacks, Inc.,
- Monogram Food Solutions, LLC.
- Oberto Snacks Inc.
- Old Trapper Smoked Products Inc.
- The Hershey Company
- Tyson Food Inc.
- Meatsnacks Group Ltd
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 North America Meat Snacks Market, by Type
1.2.2 North America Meat Snacks Market, by Nature
1.2.3 North America Meat Snacks Market, by Sales
1.2.4 North America Meat Snacks Market, by Flavour
1.2.5 North America Meat Snacks Market, by Source
1.2.6 North America Meat Snacks Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Meat Snacks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. North America Meat Snacks Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Surge in demand for convenience food products
5.1.2 Increased demand for healthy meat snacks products
5.2 Key Market Restraints
5.2.1 Decreasing consumption of red meat in developed countries
5.3 Key Market Opportunities
5.3.1 Introduction of new Flavours of Meat Snacks
5.4 Future Trends
5.4.1 Growing Demand for Organic Meat Snacks Products
5.5 Impact Analysis of Drivers and Restraints
6. Meat Snacks – North America Market Analysis
6.1 North America Meat Snacks Market Overview
6.2 North America Meat Snacks Market Forecast And Analysis
7. North America Meat Snacks Market Analysis – By Type
7.1 Overview
7.2 North America Meat Snacks Market Breakdown, By Type, 2018 & 2027
7.3 Jerky
7.3.1 Overview
7.3.2 North America Jerky Revenue and Forecasts to 2027 (US$ Mn)
7.4 Sticks
7.4.1 Overview
7.4.2 North America Sticks Revenue and Forecasts to 2027 (US$ Mn)
7.5 Strips & Bites
7.5.1 Overview
7.5.2 North America Strips & Bites Revenue and Forecasts to 2027 (US$ Mn)
7.6 Bars
7.6.1 Overview
7.6.2 North America Bars Revenue and Forecasts to 2027 (US$ Mn)
7.7 Sausages
7.7.1 Overview
7.7.2 North America Sausage Revenue and Forecasts to 2027 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 North America Others Revenue and Forecasts to 2027 (US$ Mn)
8. North America Meat Snacks Market Analysis – By Nature
8.1 Overview
8.2 North America Meat snacks Market Breakdown, By nature, 2018 & 2027
8.3 Organic
8.3.1 Overview
8.3.2 North America Organic Meat Snacks Revenue and Forecasts to 2027 (US$ Mn)
8.4 Conventional
8.4.1 Overview
8.4.2 North America Conventional Meat Snacks Revenue and Forecasts to 2027 (US$ Mn)
9. North America Meat Snacks Market Analysis – By sales
9.1 Overview
9.2 North America Meat snacks Market Breakdown, By sales, 2018 & 2027
9.3 Direct
9.3.1 Overview
9.3.2 North America Direct Sales Revenue and Forecasts to 2027 (US$ Mn)
9.4 Indirect
9.4.1 Overview
9.4.2 North America Conventional Indirect Sales Revenue and Forecasts to 2027 (US$ Mn)
10. North America Meat Snacks Market Analysis – Flavour
10.1 Overview
10.2 North America Meat snacks Market Breakdown, By Flavour, 2018 & 2027
10.3 Original
10.3.1 Overview
10.3.2 North America Original Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Pepperoni
10.4.1 Overview
10.4.2 North America Pepperoni Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Spicy Red Pepper
10.5.1 Overview
10.5.2 North America Spicy Red Pepper Market Revenue and Forecasts to 2027 (US$ Mn)
10.6 Others
10.6.1 Overview
10.6.2 North America Others Flavours Market Revenue and Forecasts to 2027 (US$ Mn)
11. North America Meat Snacks Market Analysis – By Source
11.1 Overview
11.2 North America Meat snacks Market Breakdown, By Source, 2018 & 2027
11.3 Beef
11.3.1 Overview
11.3.2 North America Beef Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
11.4 Pork
11.4.1 Overview
11.4.2 North America Pork Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
11.5 Turkey
11.5.1 Overview
11.5.2 North America Turkey Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
11.6 Others
11.6.1 Overview
11.6.2 North America Others Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
12. North America Meat Snacks Market – Country Analysis
12.1 Overview
12.1.1 North America Meat Snacks Market Revenue and Forecasts To 2027
12.1.2 North America Meat Snacks Market Revenue and Forecasts to 2027 (US$ MN)
12.1.3 North America Meat Snacks Market Breakdown by Type
12.1.4 North America Meat Snacks Market Breakdown by Nature
12.1.5 North America Meat snacks Market Breakdown by Sales
12.1.6 North America Meat Snacks Market Breakdown by Flavour
12.1.7 North America Meat Snacks Market Breakdown by Source
12.1.8 North America Meat snacks Market Breakdown, by Key Countries
12.1.8.1 U.S. Meat Snacks Market Revenue and Forecasts to 2027 (US$ MN)
12.1.8.1.1 US Meat Snacks Market Breakdown by Type
12.1.8.1.2 US Meat Snacks Market Breakdown by Nature
12.1.8.1.3 US Meat Snacks Market Breakdown by Sales
12.1.8.1.4 US Meat Snacks Market Breakdown by Flavour
12.1.8.1.5 US Meat Snacks Market Breakdown by Source
12.1.8.2 Canada Meat Snacks Market Revenue and Forecasts to 2027 (US$ MN )
12.1.8.2.1 Canada Meat Snacks Market Breakdown by Type
12.1.8.2.2 Canada Meat Snacks Market Breakdown by Nature
12.1.8.2.3 Canada Meat Snacks Market Breakdown by Sales
12.1.8.2.4 Canada Meat Snacks Market Breakdown by Flavour
12.1.8.2.5 Canada Meat Snacks Market Breakdown by Source
12.1.8.3 Mexico Meat Snacks Market Revenue and Forecasts to 2027 (US$ MN )
12.1.8.3.1 Mexico Meat Snacks Market Breakdown by Type
12.1.8.3.2 Mexico Meat Snacks Market Breakdown by Nature
12.1.8.3.3 Mexico Meat Snacks Market Breakdown by Sales
12.1.8.3.4 Mexico Meat Snacks Market Breakdown by Flavour
12.1.8.3.5 Mexico Meat Snacks Market Breakdown by Source
13. Industry Landscape
13.1 Merger & Acquisition
13.2 Others
13.3 New Development
13.4 Market Initiatives
14. Company Profiles
14.1 Bridgford Foods Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.2 Conagra Brands, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 Hormel Foods Corporation
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Link Snacks, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Monogram Food Solutions, LLC.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Oberto Snacks Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Old Trapper Smoked Products Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 The Hershey Company
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Tyson Foods, Inc.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.10 Meatsnacks Group Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary Of Terms
LIST OF TABLES
Table 1. North America Meat Snacks Market Revenue and Forecast To 2027 (US$ Mn)
Table 2. North America Meat Snacks Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 3. North America Meat Snacks Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 4. North America Meat Snacks Market Revenue And Forecasts To 2027 – By Sales (US$ Mn)
Table 5. North America Meat Snacks Market Revenue And Forecasts To 2027 – By Flavour (US$ Mn)
Table 6. North America Meat Snacks Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 7. US Meat Snacks Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 8. US Meat Snacks Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 9. US Meat Snacks Market Revenue And Forecasts To 2027 – By Sales (US$ Mn)
Table 10. US Meat Snacks Market Revenue And Forecasts To 2027 – By Flavour (US$ Mn)
Table 11. US Meat Snacks Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 12. Canada Meat Snacks Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 13. Canada Meat Snacks Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 14. Canada Meat Snacks Market Revenue And Forecasts To 2027 – By Sales (US$ Mn)
Table 15. Canada Meat Snacks Market Revenue And Forecasts To 2027 – By Flavour (US$ Mn)
Table 16. Canada Meat Snacks Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 17. Mexico Meat Snacks Market Revenue And Forecasts To 2027 – By Type (US$ Mn)
Table 18. Mexico Meat Snacks Market Revenue And Forecasts To 2027 – By Nature (US$ Mn)
Table 19. Mexico Meat Snacks Market Revenue And Forecasts To 2027 – By Sales (US$ Mn)
Table 20. Mexico Meat Snacks Market Revenue And Forecasts To 2027 – By Flavour (US$ Mn)
Table 21. Mexico Meat Snacks Market Revenue And Forecasts To 2027 – By Source (US$ Mn)
Table 22. Glossary of Terms, Meat Snacks Market
LIST OF FIGURES
Figure 1. North America Meat Snacks Market Segmentation
Figure 2. Country-wise Segmentation of North America Meat Snacks Market
Figure 3. North America Meat Snacks Market Overview
Figure 4. Jerky Meat Snacks Segment To Show Remarkable Growth During Forecast Period
Figure 5. US Held Largest Share of Meat Snacks Market In 2018
Figure 6. North America Meat Snacks Market Overview
Figure 7. North America PEST Analysis
Figure 8. Meat Snacks Market Impact Analysis of Driver and Restraints
Figure 9. Geographic Overview of North America Meat Snacks Market
Figure 10. North America Meat Snacks Market Forecast And Analysis, (US$ Mn)
Figure 11. North America Meat Snacks Market Breakdown by Type, 2018 & 2027 (%)
Figure 12. North America jerky Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Sticks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Strips & Bites Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Bars Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Sausages Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Other Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Meat Snacks Market Breakdown By Nature, 2018 & 2027 (%)
Figure 19. North America Organic Meat snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Conventional Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America Meat snacks Market Breakdown By sales, 2018 & 2027 (%)
Figure 22. North America Direct Sales Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America Indirect Sales Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. North America Meat Snacks Market Breakdown by Flavour, 2018 & 2027 (%)
Figure 25. North America Original Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Pepperoni Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. North America Spicy Red Pepper Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. North America others Flavour Segment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. North America Meat snacks Market Breakdown by Source, 2018 & 2027 (%)
Figure 30. North America Beef Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. North America Pork Meat snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. North America Turkey Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. North America Others Meat Snacks Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. North America Meat Snacks Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 35. North America Meat Snacks Market Breakdown by Type, 2018 & 2027 (%)
Figure 36. North America Meat Snacks Market Breakdown by Nature, 2018 & 2027 (%)
Figure 37. North America Meat Snacks Market Breakdown by Sales, 2018 & 2027 (%)
Figure 38. North America Meat Snacks Market Breakdown by Flavour, 2018 & 2027 (%)
Figure 39. North America Meat Snacks Market Breakdown by Source, 2018 & 2027 (%)
Figure 40. North America Meat Snacks Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 41. U.S. Meat Snacks Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 42. Canada Meat Snacks Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 43. Mexico Meat Snacks Market Revenue And Forecasts To 2027 (US$ Mn)
The List of Companies
- Bridgford Foods Corporation
- Conagra Brands, Inc
- Hormel Foods Corporation
- Link Snacks Inc.
- Monogram Food Solutions, LLC
- Oberto Snacks Inc
- Old Trapper Smoked Products Inc
- The Hershey Company
- Tyson Food Inc.
- Meatsnacks Group Ltd
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America meat snacks market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.