The US meat snacks market is anticipated to showcase a CAGR of 3.4% during the forecast period. The key factors that are supporting the growth of the market include changing eating habits along with the rising demand for convenient food amongst the people in the country. The shifting trend towards a fast lifestyle is imposing the need for food items that can be prepared instantly. Prevalent factors for the rising demand for convenience food are relative food prices, time constraints, and changing demographic trends. The declining prices for processed food are generating the demand for convenience food. The growth in the retail and e-commerce sector is also encouraging the meat snacks market in the country. As of December 2017, the US had 154,958 stores which generate a revenue of about $550 billion in total sales.
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Thus, the increase in the retail sales of the foods is likely to create a scope for market growth in the near future. The presence many meat snack manufacturers in the region is expected to fuel market growth. Some of the key players operating in the savory snacks market in the country include PepsiCo, Inc, The Hersey Co., Conagra Brands Inc., Hormel Foods Corp., Jack Link’s LLC, Beyond Meat, among many others. These players substantially contribute to market growth by adopting different growth strategies including capacity expansion, mergers and acquisitions, new product launch, and product innovation to remain competitive in the marketplace.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Meat Snacks Market by Product
- Jerky
- Sticks
- Sausages
- Others
US Meat Snacks Market by Distribution Channel
- Convenience Stores
- Supermarket/Hypermarket
- Online Store
- Others
Company Profiles
- Associated British Food Plc
- Beyond Meat, Inc.
- Big Chief Meat Snacks Inc.
- Bridgford Foods Corp.
- Conagra Brands Inc.
- Copperstone Foods, LLC
- Country Archer Jerky Co.
- Hormel Foods Corp.
- Jack Link’s LLC
- Kerry Group
- KINGS ELITE SNACKS
- New World Foods Pty, Ltd.
- PepsiCo, Inc.
- The Hershey Co.
- Werner Gourmet Meat Snacks, Inc.
The Report Covers
- Comprehensive research methodology of the US meat snacks market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US meat snacks market.
- Insights about market determinants which are stimulating the US meat snacks market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Profiles and recent developments of market players.
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