Beefed up: Demand for new flavors and all-natural jerky will support industry growth

IBISWorld estimates that revenue for the Meat Jerky Production industry has grown in each of the past five years. The industry's small-scale nature, relatively low prices and innovative flavors and content have led revenue to grow. Despite the falling price of red meat over the past five years, growth in per capita meat consumption helped boost industry revenue. Major players in the industry have battled this perception by launching a number of products emphasizing the artisanal nature of jerky products. Over the five years to 2022, revenue is forecast to continue growing. Despite Americans' increased budgets, industry operators will likely experience greater competitive pressures from alternative snack food providers, which will limit revenue opportunities...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
4.2%
Forecast Growth 17-22
Profit
Employment
2,534
Businesses
405

Industry Threats & Opportunities

  • Low prices and new jerky flavors will spur demand, though competition will heighten
  • Demand from convenience stores is an important factor for meat jerky producers
  • Increases in consumer spending and ongoing product innovation will aid revenue growth
  • Industry Report - Industry Analysis Chapter

    The Meat Jerky Production industry is composed of companies that dehydrate or cure, season and package purchased meat to resell to wholesalers and retailers. Demand for meat jerky has remained strong over the five years to 2017. During the period, IBISWorld estimates revenue has grown at an annualized rate of 4.2% to $1.4 billion. Meat jerky’s typically low price point compared with other meat products has further benefited from increased consumer sentiment and disposable incomes over the past five years. IBISWorld expects revenue to grow 0.7% in 2017 alone.New product introductions and line expansions have bolstered revenue growth during the current period. To ...purchase to read more.

    Additional Insights for the Meat Jerky Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat Jerky Production Industry are

  • Ability to adapt to change
  • Supply contracts for key inputs
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Demand from convenience stores and Per capita meat consumption in the Meat Jerky Production industry impact industry performance..

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    What's in this report

    What is the Meat Jerky Production Industry?

    This industry includes establishments that cut, pack and box meat jerky from purchased meats. Meat jerky includes meat that has been cut into long slices or strips and dried, seasoned or otherwise cured.

    Industry Products
  • Beef jerky
  • Pork jerky
  • Game jerky (e.g. deer, elk, salmon and buffalo)
  • Poultry jerky (e.g. chicken and turkey)
  • Industry Activities
  • Dehydrating processed meat
  • Packaging dehydrated meat
  • Flavoring dehydrated meat
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from convenience stores
  • Per capita meat consumption
  • Consumer spending
  • Price of red meat

  • Current Performance
  • Downstream demand
  • Competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Continuing to compete
  • Table: Meat Jerky Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat Jerky Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores

  • Key Selling Industries
  • Laminated Plastics Manufacturing
  • Meat, Beef & Poultry Processing
  • Seasoning, Sauce and Condiment Production

  • Products & Services
  • Beef jerky
  • Poultry jerky (e.g. chicken and turkey)
  • Game jerky (e.g. deer, elk, salmon and buffalo)
  • Pork jerky
  • Chart: Meat Jerky Production Industry Products and Services Segmentation

  • Demand Determinants
  • Consumer preferences
  • Disease and environmental concerns

  • Major Markets
  • Grocery wholesalers
  • Supermarkets and convenience stores
  • Exports
  • Chart: Major Market Segmentation for the Meat Jerky Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages and depreciation
  • Rent and utilities
  • Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Meat Jerky Production

  • Basis of Competition
  • Price and quality
  • Relationships with downstream industries
  • Innovation and differentiation
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Meat Jerky Production Industry

  • Industry Globalization
    Link Snacks Inc., ConAgra Foods Inc., Oberto Sausage Company,
  • Table: Link Snacks Inc. - financial performance
  • Table: ConAgra Foods Inc. - financial performance
  • Table: Oberto Sausage Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat Jerky Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Meat Jerky Production Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Per capita meat consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cure
  • To preserve meat by extracting its moisture with salt.
  • Dehydrator
  • An appliance that removes moisture from food.
  • Us Department Of Agriculture
  • A federal government department that is responsible for developing and enacting policies pertaining to farming and food in the United States.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Meat Jerky Production Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Meat Jerky Production industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Meat Jerky Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Meat Jerky Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Meat Jerky Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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