Report Overview

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

• 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

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 & 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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. North America Meat Snacks Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Busy Lifestyles and On-The-Go Snacking
         2. Rising Health and Wellness Trends
         3. Growing Demand for Protein-Rich Diets
         4. Product Innovation
      2. Restraints
         1. High Sodium Content Concerns
         2. Shifting Consumer Preferences
         3. Rising Ingredient Costs
      3. Opportunities
         1. Premiumization
         2. Convenience Store Expansion
         3. Online Retail Growth
         4. Targeting Specific Demographics
      4. Challenges
         1. Potential for Stricter Regulations
         2. Increasing Competition
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. North America Meat Snacks Market: Marketing Strategies
5. North America Meat Snacks Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product Type
         1. Bars
         2. Jerky
         3. Strips, Stick & Chips
         4. Cuts
         5. Chunks & Cubes
         6. Bites and Skins
         7. Broths & Fats
         8. Sausages
      2. By Source
         1. Pork
         2. Beef
         3. Poultry (Turkey, Chicken)
         4. Lambs and Goats
         5. Salmon
         6. Others (Venison, Bison)
      3. By Flavor
         1. Original   
         2. Peppered
         3. Teriyaki   
         4. Smoked  
         5. Others
      4. By Nature
         1. Organic
         2. Conventional
      5. By Distribution Channel
         1. Supermarkets & Hypermarkets
         2. Convenience Stores
         3. Grocery Stores    
         4. Restaurants
         5. Online Retail
         6. Others
      6. By Country
         1. United States
         2. Canada
6. United States Meat Snacks Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product Type
      2. By Source
      3. By Flavor
      4. By Nature
      5. By Distribution Channel
7. Canada Meat Snacks Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Product Type
      2. By Source
      3. By Flavor
      4. By Nature
      5. By Distribution Channel
8. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. North America Meat Snacks Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
9. Impact of Escalating Geopolitical Tensions on North America Meat Snacks Market
10. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Jack Link’s
    2. Conagra Foods
    3. Meat Snacks Group
    4. Hormel Foods
    5. King Elite Snacks
    6. Marfood USA
    7. Tyson Foods
    8. Country Archer Jerky Co.
    9. Duke's Smoked Meats (Thanasi Foods LLC)
    10. EPIC Provisions (General Mills)
    11. The Hershey Company (KRAVE)
    12. Golden Island Jerky Company
    13. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

*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