The US meat snacks market is anticipated to showcase a moderate CAGR of 3.4% during the forecast period (2020-2026). Conagra Brands Inc., Hormel Foods Corp., Jack Link's LLC, Thanasi Foods, and Beyond Meat, among others, are the major manufacturers of meat snacks. The key factors that drive the growth of the meat snacks market include the increasing focus of meat snack manufacturers towards innovations. The key companies across the US are highly inclined towards expanding their production capabilities via the expansion of their production facilities. For instance, in June 2020, Beyond Meat a US-based meat snack producer had opened its first manufacturing facility in Europe in partnership with Dutch meat company Zandbergen.
Browse the full report description of "US Meat Snacks Market Size, Share & Trends Analysis Report by Product (Jerky, Sticks, Sausages, Others) by Distribution Channel (Convenience Stores, Supermarket/Hypermarket, Online Store, Others) Forecast period (2020-2026)" at https://www.omrglobal.com/industry-reports/us-meat-snacks-market
Further, 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. For instance, In July 2020, Conagra Brands Inc. invested $100 million to expand its meat snacks processing plant in Troy, Ohio for large-scale manufacturing of Slim Jim and Duke’s Smoked Sausages branded products. The expansion will add 63,000 square feet and include new packaging operations, new smokehouses, and new drying rooms. 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 US.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
US Meat Snacks Market Report Segment
By Product Type
By Distribution Channel