North America Meat Snacks Market Insights Forecasts to 2033

• The North America Meat Snacks Market Size was valued at USD 5.3 Billion in 2023.
• The Market is Growing at a CAGR of 5.6% from 2023 to 2033
• The North America Meat Snacks Market Size is Expected to Reach USD 9.14 Billion by 2033

The North America Meat Snacks Market Size is Anticipated to Reach USD 9.14 Billion by 2033, growing at a CAGR of 5.6% from 2023 to 2033.

Market Overview

Meat snacks are processed or preserved meat products that are ideal for snacking. They are typically made from beef, pork, chicken, or turkey and come in a variety of forms, including jerky, sticks, and bars. These snacks are popular due to their high protein content, making them appealing to consumers looking for quick, protein-rich options. Meat snacks are frequently smoked, dried, or cured to improve flavor and extend shelf life without refrigeration, making them ideal for on-the-go consumption. The growing popularity of savory snacks with a high protein content, as well as customers' increasing health consciousness, are major growth drivers in the North America meat snacks market. Additionally, over the forecast period, the introduction of a wide range of goods, such as meat sticks and beef jerky, is expected to boost the growth of the North America meat snacks market.

Report Coverage

This research report categorizes for the North America meat snacks market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America meat snacks market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America meat snacks market.

Driving Factors

The increasing demand for convenience foods is driving significant growth in the North America meat snacks market. With today's fast-paced lifestyles, there is a noticeable shift toward convenient, portable snacking solutions designed for on-the-go consumption. Meat snacks like jerky, meat sticks, and meat chips are gaining popularity because they provide high protein content and satiety, appealing to people looking for nutritious alternatives to traditional snacks. Also, urbanization and hectic schedules contribute to this trend, increasing the demand for easily accessible and quick-to-consume food options. Additionally, the International Food Information Council (IFIC) reports that 83% of US consumers will snack on a daily basis in 2021, with convenience playing a significant role in their snack choices. This cultural shift toward snacking, combined with evolving dietary preferences for protein-rich and convenient options, highlights the global meat snacks market's strong growth trajectory.

Restraining Factors

The high cost of production poses a significant challenge to the North America meat snacks market, Also Rising raw material costs, energy expenditures, and labor expenses are particularly impactful, putting a strain on profit margins.

Market Segmentation

The North America meat snacks market share is classified into product type and source

• The jerky segment is expected to hold the largest market share through the forecast period.

The North America meat snacks market is segmented by product type into jerky, sticks, sausages, and others. Among these, jerky segment is expected to hold the largest market share through the forecast period. Jerky is popular for its long shelf life, which makes it ideal for storage and on-the-go consumption. Its high protein content appeals to health-conscious shoppers looking for nutritious snack options. Also, the variety of flavors and meat types available in jerky appeals to a wide range of consumer preferences, adding to its market popularity.

• The beef segment is expected to dominate the North America meat snacks market during the forecast period.       

Based on the source, the North America meat snacks market is divided into pork, beef, poultry, and others. Among these, the beef segment is expected to dominate the North America meat snacks market during the forecast period. Beef is well-known for its rich flavor and high protein content, making it an appealing snack choice for consumers looking for nutritious and satisfying options. Also, the convenience and portability of beef snacks cater to busy lifestyles, allowing customers to eat protein-rich foods on the go.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America meat snacks market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Jack Link’s
• Conagra Foods
• Meat Snacks Group
• Hormel Foods
• King Elite Snacks
• Marfood USA
• Tyson Foods
• Country Archer Jerky Co.
• Duke's Smoked Meats (Thanasi Foods LLC)
• EPIC Provisions (General Mills)
• The Hershey Company (KRAVE)
• Golden Island Jerky Company
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, Chomps, a natural meat snack company based in the U.S., has launched two new flavors: taco beef and habanero beef. These varieties join the company's current lineup of meat snacks, which are only available online at chomps.com and Amazon.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America meat snacks market based on the below-mentioned segments:

North America Meat Snacks Market, By Product Type

• Jerky
• Sticks
• Sausages
• Others

North America Meat Snacks Market, By Source

• Jerky
• Sticks
• Sausages
• Others