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North America Meat Snacks Market
No. of Pages: 173 | Report Code: TIPRE00007036 | Category: Food and Beverages
No. of Pages: 173 | Report Code: TIPRE00007036 | Category: Food and Beverages
Surging Popularity of Chicken-Based Meat Snacks
Most of the meat-based snacks available in the market are made from beef and pork. However, with increased health and wellness concerns, people are opting for leaner sources of animal protein. The consumption of beef, pork, lamb, and other meat containing high saturated fats increase blood cholesterol levels, which would eventually promote risk factors for heart diseases, obesity, and high blood pressure. Therefore, consumers are increasingly preferring chicken-based meat products to fulfil the protein requirements while keeping the calorie count in control. Moreover, beef, lamb, and pork account for majority of carbon footprints among all meat sources. The conscious consumers are preferring chicken as it accounts for around 90% less carbon emissions than beef, lamb, and pork meat. This has created a massive demand for chicken-based snacks across the region. With the rising demand for chicken-based meat snacks, producers are launching newer products to appeal to a large chunk of consumers. In May 2021, Brave Good Kind, a US-based brand of meat snacks, launched tender chicken bars in three flavors, Original, Teriyaki, and Hot Honey. Since, the product is made using antibiotic-free chicken, it is gaining popularity among health-conscious consumers. Similarly, in October 2020, Foster Farms launched high-protein chicken snacks in five flavors—Chile Verde, Cajun, Korean BBQ, Parmesan Garlic, and Caribbean Jerk. Thus, the immense traction of such flavored meat products is triggering the meat snacks market growth.
North America is one of the prominent regions for the meat snacks market due to the increasing consumption of healthy and protein-rich food, including meat-based products. The region has also been a desirable market for meat snack producers, as there is a huge presence of consumers leading hectic lifestyles seeking processed ready-to-eat food products such as meat-based meals, soups, and snacks. Further, the growing consumer preference for leaner meat options, such as poultry meat, due to changing dietary patterns of consumers boosts the demand for chicken-based meat snacks in the region. Also, the US is one of the world’s largest exporters of poultry meat. The North America meat snacks market growth is attributed to the factors such as a rise in the demand for high-protein snacks, increasing spending on healthy and nutritious food products, and rapid urbanization. Several major players such as Tyson Foods, Inc.; Bridgford Foods Corporation; and General Mills Inc. are operating in the North America meat snacks market. Further, the key producers in the market are constantly focusing on introducing meat snack products with low-fat and protein-rich content to meet the health concerns of consumers. For instance, in September 2019, Werner Gourmet Meat Snacks, the US-based beef jerky and meat snack manufacturer, launched a new product in the meat snack category with a zero-sugar jerky made with grass-fed beef. The company offered meat snack bags in three flavors—original, salt & pepper, and unsweetened teriyakis style. The products are formulated with zero sugar, zero carbs, and 18 grams of protein per serving. Hence, the launch of innovative and nutrition-rich new products by the key players is expected to boost the demand for meat snacks among North American consumers, thereby driving the market growth.
Strategic insights for the North America Meat Snacks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 4,618.65 Million |
Market Size by 2028 | US$ 6,459.45 Million |
Global CAGR (2022 - 2028) | 5.7% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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The geographic scope of the North America Meat Snacks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Meat Snacks Market Segmentation
The North America meat snacks market is segmented into type, source, category, distribution channel, and country. Based on type, the market is segmented into jerky, meat sticks, sausages, and others. The jerky segment registered the largest market share in 2022.
Bridgford Foods Corporation; Conagra Brands, Inc.; Country Archer Provisions; General Mills Inc.; Hormel Foods Corporation; Link Snacks Inc.; Organic Valley; Premium Brands; Tyson Foods Inc.; and Werner Gourmet Meat Snacks are the leading companies operating in the meat snacks market in the region.
The North America Meat Snacks Market is valued at US$ 4,618.65 Million in 2022, it is projected to reach US$ 6,459.45 Million by 2028.
As per our report North America Meat Snacks Market, the market size is valued at US$ 4,618.65 Million in 2022, projecting it to reach US$ 6,459.45 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America Meat Snacks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Meat Snacks Market report:
The North America Meat Snacks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Meat Snacks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Meat Snacks Market value chain can benefit from the information contained in a comprehensive market report.