North America Meat Snacks Market
North America Meat Snacks Market, By Product Type (Bars, Jerky, Strips, Stick & Chips, Cuts, Chunks & Cubes, Bites & Skins, Broths & Fats, Sausages); By Source (Pork, Beef, Poultry (Turkey, Chicken), Lambs & Goats, Salmon, Others (Venison, Bison)); By Flavors (Original, Peppered, Teriyaki, Smoked, Others); By Nature (Organic, Conventional); By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Grocery Stores, Restaurants, Online Retail, Others); By Country (United States, Canada), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: August 2024
- Report ID: BWC24627
- Available Format: PDF
- Page: 300
Report Overview
Growing popularity of on-the-go snacking, busy lifestyles, and rising health and wellness trends are expected to boost the growth of North America Meat Snacks Market during the forecast period between 2024 and 2030.
North America Meat Snacks Market - Industry Trends & Forecast Report, 2030
North America Meat Snacks Market size was estimated to be worth USD 5.6 billion in 2023. During the forecast period between 2024 and 2030, North America Meat Snacks Market size is projected to grow at a CAGR of 5.20%, reaching a value of USD 7.95 billion by 2030. Major growth factors for North America Meat Snacks Market include rising health consciousness among consumers and the increasing popularity of savory snacks with high protein content. In addition, the launch of a diverse range of products, such as meat sticks and beef jerky, is anticipated to propel the growth of North America Meat Snacks Market during the forecast period.
Meat Snacks – Overview
Meat snacks are convenient meal items made from various raw meat ingredients. A range of meats, such as beef, pig, turkey, chicken, and game meats like deer, elk, and bison, can be used to make meat snacks. They have a high protein content without any carbohydrates. They are usually eaten as a quick and easy snack or by athletes, hikers, and other outdoor enthusiasts as a source of protein. Meat snacks are a popular choice for high-protein or low-carb diets since they are often rich in protein and low in carbs, giving them a healthier alternative to standard snack foods.
North America Meat Snacks Market
Growth Drivers
Rising Demand for Convenient Food Products
North America Meat Snacks Market is growing at a substantial rate, owing to the changing lifestyle of consumers and increasing demand for convenient snacking options due to hectic schedules and increasing spending capacity. Additionally, the industry is expanding as a result of the growing working population's demand for ready-to-eat food alternatives, such as frozen meat snacks. Due to their hectic schedules, many consumers have switched from eating regular meals to convenience food items. As a result, grab-and-go functional meal replacement foods and beverages have become increasingly popular, propelling the demand for meat snacks in North America.
Challenges
Increasing Adoption of Vegan Lifestyle
Vegetarian and vegan diets are becoming increasingly popular in North America because of growing consumer concerns about animal rights and conscious consumerism. According to a Gallup poll, 1% of Americans identify as vegans, and 4% of Americans claim to be vegetarians. The demand for meat products is thus falling off at a significant rate. Industry participants are responding to consumer shifts toward plant-based meat by introducing items in the same category. It might impede the Meat Snack Market's expansion in North America over the forecast period.
North America Meat Snacks Market
Segmental Coverage
North America Meat Snacks Market – By Product Type
Based on product type, North America Meat Snacks Market is segmented into bars, jerky, strips, sticks & chips, cuts, chunks & cubes, bites & skins, broths & fats, and sausages. The jerky segment holds the largest share in North America Meat Snacks Market by product type. It caters to health conscious consumers who are looking for nutritious snacking options owing to its high protein content. Jerky's appeal in the market is also a result of its range of tastes and meat varieties, which satisfy a variety of consumer preferences. Because of this, several manufacturers are adding jerky to their menus for a variety of tastes.
North America Meat Snacks Market – By Flavor
On the basis of flavor, North America Meat Snacks Market is segmented into original, peppered, teriyaki, smoked, and others. The peppered segment holds the largest share in North America Meat Snacks Market. Peppered meat snacks are rich in protein, convenient, and leave no greasy aftertaste in the mouth, which favors their market growth. Furthermore, peppered meat snacks tend to satisfy customers' demand for healthier substitutes for conventional snacks by providing both flavor and nutrients.
North America Meat Snacks Market – By Nature
Based on nature, North America Meat Snacks Market is split into organic and conventional segments. The conventional segment accounts for a higher market share. Conventional meat snacks are easily available in supermarkets and convenience stores at affordable rates. Furthermore, these products are available in different flavors, such as mild, teriyaki, and spicy. However, the organic segment is anticipated to register a faster growth rate over the forecast period, owing to an increasing demand for additive-free products in the market.
North America Meat Snacks Market – By Country
The in-depth research report on North America Meat Snacks Market covers the market in the United States and Canada. The United States dominates North America Meat Snacks Market. The busy lifestyle of consumers directly influences the demand for go-to convenience food products. In addition, rising health consciousness and the shift from sweet snacks further propel the demand for meat snacks, as they are protein rich. The high meat consuming population sees meat snacks as common food products, which also influences its market growth in the United States.
Competitive Landscape
North America Meat Snacks market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Jack Link’s, Conagra Foods, Meat Snacks Group, Hormel Foods, King Elite Snacks, Marfood USA, Tyson Foods, Country Archer Jerky Co., Duke's Smoked Meats (Thanasi Foods LLC), EPIC Provisions (General Mills), The Hershey Company (KRAVE), and Golden Island Jerky Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In January 2024 – Country Archer Provisions, a meat snacks manufacturer based in the United States, launched a line of high-protein meat sticks.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
United States and Canada |
Product/ Service Segmentation |
Product Type, Source, Flavor, Nature, Distribution Channel, Country |
Key Players |
Jack Link’s, Conagra Foods, Meat Snacks Group, Hormel Foods, King Elite Snacks, Marfood USA, Tyson Foods, Country Archer Jerky Co., Duke's Smoked Meats (Thanasi Foods LLC), EPIC Provisions (General Mills), The Hershey Company (KRAVE), Golden Island Jerky Company |
By Product Type
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Bars
-
Jerky
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Strips, Stick & Chips
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Cuts
-
Chunks & Cubes
-
Bites and Skins
-
Broths & Fats
-
Sausages
By Source
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Pork
-
Beef
-
Poultry (Turkey, Chicken)
-
Lambs & Goats
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Salmon
-
Others (Venison, Bison)
By Flavor
-
Original
-
Peppered
-
Teriyaki
-
Smoked
-
Others
By Nature
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Organic
-
Conventional
By Distribution Channel
-
Supermarkets & Hypermarkets
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Convenience Stores
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Grocery Stores
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Restaurants
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Online Retail
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Others
By Country
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United States
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Canada
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- North America Meat Snacks Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Busy Lifestyles and On-The-Go Snacking
- Rising Health and Wellness Trends
- Growing Demand for Protein-Rich Diets
- Product Innovation
- Restraints
- High Sodium Content Concerns
- Shifting Consumer Preferences
- Rising Ingredient Costs
- Opportunities
- Premiumization
- Convenience Store Expansion
- Online Retail Growth
- Targeting Specific Demographics
- Challenges
- Potential for Stricter Regulations
- Increasing Competition
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- North America Meat Snacks Market: Marketing Strategies
- North America Meat Snacks Market Overview
- Market Size & Forecast by Value & Volume, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- Bars
- Jerky
- Strips, Stick & Chips
- Cuts
- Chunks & Cubes
- Bites and Skins
- Broths & Fats
- Sausages
- By Source
- Pork
- Beef
- Poultry (Turkey, Chicken)
- Lambs and Goats
- Salmon
- Others (Venison, Bison)
- By Flavor
- Original
- Peppered
- Teriyaki
- Smoked
- Others
- By Nature
- Organic
- Conventional
- By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Grocery Stores
- Restaurants
- Online Retail
- Others
- By Country
- United States
- Canada
- By Product Type
- Market Size & Forecast by Value & Volume, 2019–2030
- United States Meat Snacks Market Overview
- Market Size & Forecast by Value & Volume, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Source
- By Flavor
- By Nature
- By Distribution Channel
- Market Size & Forecast by Value & Volume, 2019–2030
- Canada Meat Snacks Market Overview
- Market Size & Forecast by Value & Volume, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Source
- By Flavor
- By Nature
- By Distribution Channel
- Market Size & Forecast by Value & Volume, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- North America Meat Snacks Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on North America Meat Snacks Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- Jack Link’s
- Conagra Foods
- Meat Snacks Group
- Hormel Foods
- King Elite Snacks
- Marfood USA
- Tyson Foods
- Country Archer Jerky Co.
- Duke's Smoked Meats (Thanasi Foods LLC)
- EPIC Provisions (General Mills)
- The Hershey Company (KRAVE)
- Golden Island Jerky Company
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 North America Meat Snacks Market Segmentation
Figure 2 North America Meat Snacks Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 North America Meat Snacks Market Size, By Value (USD Billion), 2019–2030
Figure 5 North America Meat Snacks Market Share, By Product Type, By Value, 2019–2030
Figure 6 North America Meat Snacks Market Share, By Source, By Value, 2019–2030
Figure 7 North America Meat Snacks Market Share, By Flavor, By Value, 2019–2030
Figure 8 North America Meat Snacks Market Share, By Nature, By Value, 2019–2031
Figure 9 North America Meat Snacks Market Share, By Distribution Channel, By Value, 2019–2032
Figure 10 North America Meat Snacks Market Share, By Country, By Value, 2019–2030
Figure 11 United States Meat Snacks Market Size, By Value (USD Billion), 2019–2030
Figure 12 United States Meat Snacks Market Share, By Product Type, By Value, 2019–2030
Figure 13 United States Meat Snacks Market Share, By Source, By Value, 2019–2030
Figure 14 United States Meat Snacks Market Share, By Flavor, By Value, 2019–2030
Figure 15 United States Meat Snacks Market Share, By Nature, By Value, 2019–2031
Figure 16 United States Meat Snacks Market Share, By Distribution Channel, By Value, 2019–2032
Figure 17 Canada Meat Snacks Market Size, By Value (USD Billion), 2019–2030
Figure 18 Canada Meat Snacks Market Share, By Product Type, By Value, 2019–2030
Figure 19 Canada Meat Snacks Market Share, By Source, By Value, 2019–2030
Figure 20 Canada Meat Snacks Market Share, By Flavor, By Value, 2019–2030
Figure 21 Canada Meat Snacks Market Share, By Nature, By Value, 2019–2031
Figure 22 Canada Meat Snacks Market Share, By Distribution Channel, By Value, 2019–2032
List of Tables
Table 1 North America Meat Snacks Market Size, By Value (USD Billion), 2019–2030
Table 2 North America Meat Snacks Market Share, By Product Type, By Value, 2019–2030
Table 3 North America Meat Snacks Market Share, By Source, By Value, 2019–2030
Table 4 North America Meat Snacks Market Share, By Flavor, By Value, 2019–2030
Table 5 North America Meat Snacks Market Share, By Nature, By Value, 2019–2031
Table 6 North America Meat Snacks Market Share, By Distribution Channel, By Value, 2019–2032
Table 7 North America Meat Snacks Market Share, By Country, By Value, 2019–2030
Table 8 United States Meat Snacks Market Size, By Value (USD Billion), 2019–2030
Table 9 United States Meat Snacks Market Share, By Product Type, By Value, 2019–2030
Table 10 United States Meat Snacks Market Share, By Source, By Value, 2019–2030
Table 11 United States Meat Snacks Market Share, By Flavor, By Value, 2019–2030
Table 12 United States Meat Snacks Market Share, By Nature, By Value, 2019–2031
Table 13 United States Meat Snacks Market Share, By Distribution Channel, By Value, 2019–2032
Table 14 Canada Meat Snacks Market Size, By Value (USD Billion), 2019–2030
Table 15 Canada Meat Snacks Market Share, By Product Type, By Value, 2019–2030
Table 16 Canada Meat Snacks Market Share, By Source, By Value, 2019–2030
Table 17 Canada Meat Snacks Market Share, By Flavor, By Value, 2019–2030
Table 18 Canada Meat Snacks Market Share, By Nature, By Value, 2019–2031
Table 19 Canada Meat Snacks Market Share, By Distribution Channel, By Value, 2019–2032
Table 20 Jack Link’s Company Overview
Table 21 Jack Link’s Financial Overview
Table 22 Conagra Foods Company Overview
Table 23 Conagra Foods Financial Overview
Table 24 Meat Snacks Group Company Overview
Table 25 Meat Snacks Group Financial Overview
Table 26 Hormel Foods Company Overview
Table 27 Hormel Foods Financial Overview
Table 28 King Elite Snacks Company Overview
Table 29 King Elite Snacks Financial Overview
Table 30 Marfood USA Company Overview
Table 31 Marfood USA Financial Overview
Table 32 Tyson Foods Company Overview
Table 33 Tyson Foods Financial Overview
Table 34 Country Archer Jerky Co. Company Overview
Table 35 Country Archer Jerky Co. Financial Overview
Table 36 Duke's Smoked Meats (Thanasi Foods LLC) Company Overview
Table 37 Duke's Smoked Meats (Thanasi Foods LLC) Financial Overview
Table 38 EPIC Provisions (General Mills) Company Overview
Table 39 EPIC Provisions (General Mills) Financial Overview
Table 40 The Hershey Company (KRAVE) Company Overview
Table 41 The Hershey Company (KRAVE) Financial Overview
Table 42 Golden Island Jerky Company - Company Overview
Table 43 Golden Island Jerky Company Financial Overview
Table 44 Other Prominent Players Company Overview
Table 45 Other Prominent Players Financial Overview
Market Segmentation
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