North American Meat Snacks Market Size, Share, Future Prospects and Forecast 2020-2026


Posted October 30, 2020 by pooja1919

The North American meat snacks market is anticipated to showcase a moderate CAGR of 3.5% during the forecast period.
 
The North American meat snacks market is anticipated to showcase a moderate CAGR of 3.5% during the forecast period. The market is driven by the rising demand for ready-to-eat meat snacks by consumers to save their time effort, rising awareness among consumers regarding intake of nutritional ingredients, growing to emphasize on having protein intake for proper gut health are among some key factors that are driving the regional market growth. Additionally, the high demand for convenience in food preparation, the growing working women population, along with the high disposable income of the region are other factors that are promoting the adoption of meat snack in the region as ready to eat food. However, ethical issues and less preserved time related to meat snacks are the key factors that may restrain the growth of the meat snack market in North America.

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PepsiCo, Inc., The Hersey Co., Conagra Brands Inc., Hormel Foods Corp., Jack Link's LLC, Thanasi Foods, and Beyond Meat, among others, are the major manufacturers of meat snacks. These manufacturers are adopting different growth strategies including capacity expansion, mergers and acquisitions, new product launch, and product innovation to remain competitive in the marketplace. Major market players operating in this segment are extending their geographical reach to expand its market share. The establishment of strategic partnerships with major raw material providers of the region to cost saving on new products is likely to drive the growth of this market in the region.

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North American Meat Snacks Market Segmentation

By Product

Jerky

Sticks

Sausages

Others

By Distribution Channel

Convenience Stores

Supermarket/Hypermarket

Online Store

Others

Regional Analysis

US

Canada

Company Profiles

Beyond Meat, Inc.

Conagra Brands Inc.

Hormel Foods Corp.

Jack Link's LLC

Kerry Group

KINGS ELITE SNACKS

Marfood USA, Inc.

Nestlé S.A.

Thanasi Foods LLC

The Meatsnacks Group

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated October 30, 2020