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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