The North American meat snacks market is anticipated to showcase a moderate CAGR of 3.5% during the forecast period (2020-2026). The key factors that drive the growth of the meat snacks market include the increasing focus of meat snack manufacturers towards innovations. The easily portable packaged snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector is again anticipated to drive the growth of the meat snack market across the region owing to its ease of accessibility. 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. As per the International Trade Administration (ITA), the US has well-established distribution channels for all types of retail companies. The retail services industry provides an openly competitive environment that fosters strong business operations and spurs innovations that increase efficiency and reliability. As the customers are demanding quick delivery, big tech companies like Amazon and Google are even starting to offer same-day delivery to meet the ever-rising customer expectations. Thus, easy availability, affordability, and willingness to buy are driving the North American meat snack market.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- By Product Type, Distribution Channel
· Competitive Landscape- PepsiCo, Inc., The Hersey Co., Conagra Brands Inc., Hormel Foods Corp., Jack Link’s LLC, Thanasi Foods, Beyond Meat
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North American Meat Snacks Market Report Segment
By Product Type
· Jerky
· Sticks
· Sausages
· Others
By Distribution Channel
· Convenience Stores
· Supermarket/Hypermarket
· Online Store
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
