Beefed Up: Meat Jerky Production in the US Industry Market Research Report Now Available from IBISWorld

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Meat jerky products have proven to be resilient to economic downturns. IBISWorld estimates that revenue has grown in each of the past five years, including a 6.0% jump in 2012. Because of its small-scale nature, relatively low prices and innovative flavors and content, the Meat Jerky Production industry is estimated to grow during the five years to 2012. Expansions by the larger operators (i.e. Oberto Sausage Company, Link Snacks, Jerky Snack Brands and ConAgra Foods) have bolstered concentration during the past five years. Revenue and concentration will likely continue growing over the five years to 2017, though at a slightly lower average rate. For this reason, industry research firm IBISWorld has added a report on the Meat Jerky Production industry to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

Demand for new flavors and all-natural jerky will sustain industry growth

Meat jerky products have proven to be resilient to economic downturns. IBISWorld estimates that revenue has grown in each of the past five years, including a 6.0% jump in 2012. Because of its small-scale nature, relatively low prices and innovative flavors and content, the Meat Jerky Production industry is estimated to grow at an average annual rate of 3.7% to $1.0 billion in the five years to 2012. According to IBISWorld industry analyst Mary Nanfelt, “While per capita red meat consumption declined during the recession due to consumers' tightened budgets, this metric has increased since 2009.” This trend has helped boost demand for meat products like jerky.

In 2009, Americans limited their spending on discretionary products, including snacks. Nevertheless, instead of forgoing meat jerky altogether, consumers opted for lower-priced products. Fortunately, Nanfelt says, “Per capita disposable income has returned to growth, allowing consumers to purchase higher-value snacks.” Expansions by the larger operators (i.e. Oberto Sausage Company, Link Snacks, Jerky Snack Brands and ConAgra Foods) have bolstered concentration during the past five years. This trend is projected to continue, as key players concentrate on core business development to achieve optimal economies of scale.

Revenue is forecast to continue growing over the five years to 2017, though at a slightly lower average rate. Despite Americans' increased budgets, industry operators will likely experience greater competitive pressures from alternative snack food providers and limited revenue opportunities. Additionally, the entrance of new meat jerky producers will intensify competition within the Meat Jerky Production industry. Still, the future for meat jerky producers looks bright, primarily because of new product developments and increased downstream demand.

For more information visit IBISWorld’s Meat Jerky Production in the US industry page

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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.

IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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