DUBLIN--(BUSINESS WIRE)--The "North America Meat Snacks Market to 2027 - Regional Analysis and Forecasts by Type; Nature; Sales; Flavour; Source and Country" report has been added to ResearchAndMarkets.com's offering.
The North American meat snacks market accounted for US$ 3,254.2 million 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 million by 2027.
The availability of the different types of flavors such as pepperoni, teriyaki, and spicy red pepper tends to attract a large consumer base. Moreover, the change in consumer lifestyle coupled with a shift in dietary patterns and working demographics has surged the demand for meat-based snack products. The growing trend towards convenience food items is further expected to boost the growth of the market.
The North America meat snacks market is bifurcated based on type into jerky, sticks, strips & bites, bars, sausages, and others. The jerky segment accounted for the largest share in the North America meat snacks market. Jerky is defined as the lean trimmed meat, which is cut into strips followed by the drying process to prevent spoilage. The demand for jerky is increasing owing to consumer preference towards jerky form meat snacks. The growing demand of consumers is primarily supported by an increasing number of manufacturers procuring jerky based meat snacks. Therefore, high popularity among the consumers is boosting the demand for jerky in the North America meat snacks market.
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. Omega-3 is considered ideal for maintaining a healthy heart, and thus, the consumer prefers meat snack products enriched with omega-3. Awareness of the health advantages of omega-3 is relatively high among the population in the US, Canada, and Mexico. Increasing consumer awareness regarding health and wellness consciousness is propelling the demand for meat snack products rich in nutrients.
Furthermore, factors such as consumer awareness of health issues, a greater focus on fitness, higher personal incomes, and rapid urbanization are considered boosting factors for the rising demand for nutrition-rich meat snack products. This further provides a huge opportunity for the key players operating in the meat snacks market. The key producers in the market are constantly focusing on introducing meat snack products that are rich in nutrition to attract a new consumer segment in developed countries. These factors are projected to boost the meats snacks market over the forecast period.
North America meat snacks market is dominated by the US, followed by Canada. The US holds the largest market share in North America meat snacks markets as snacks based on meat is considered as basic food products in the country. The production and consumption of meat snacks are increasing in the US, owing to the growing demand for healthy snacking options in population. Although consumers are becoming conscious of health and, thus, prefer protein-based snacks. The rise in disposable income of consumers is further expected to boost the growth of meat snacks market. Beef is considered as one of the most preferred types of meat consumed in the country. Consumers follow an active and healthy lifestyle and prefer peppered flavor beef jerky owing to health benefits and taste associated with it. These factors further propel the growth of meat snacks market in North America.
Some of the players present in North America meat snacks market are 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., and Meatsnacks Group Ltd.
Key Topics Covered
1.1 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
3.2 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
7.2 North America Meat Snacks Market Breakdown, By Type, 2018 & 2027
7.5 Strips & Bites
8. North America Meat Snacks Market Analysis - By Nature
8.2 North America Meat snacks Market Breakdown, By nature, 2018 & 2027
9. North America Meat Snacks Market Analysis - By sales
9.2 North America Meat snacks Market Breakdown, By sales, 2018 & 2027
10. North America Meat Snacks Market Analysis - Flavour
10.2 North America Meat snacks Market Breakdown, By Flavour, 2018 & 2027
10.5 Spicy Red Pepper
11. North America Meat Snacks Market Analysis - By Source
11.2 North America Meat snacks Market Breakdown, By Source, 2018 & 2027
12. North America Meat Snacks Market - Country Analysis
13. Industry Landscape
13.1 Merger & Acquisition
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.
14.3 Hormel Foods Corporation
14.4 Link Snacks, Inc.
14.5 Monogram Food Solutions, LLC
14.6 Oberto Snacks Inc.
14.7 Old Trapper Smoked Products Inc.
14.8 The Hershey Company
14.9 Tyson Foods, Inc.
14.10 Meatsnacks Group Ltd
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