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Meat Jerky Production in the US - Industry Market Research Report

Publisher IBISWorld
Published Aug 02, 2024
Length 85 Pages
SKU # IBSS19120689

Description

Meat Jerky Production in the US - Industry Market Research Report


Meat Jerky Production in the US

Meat jerky products have proven to be resilient over the five years to 2023 in spite of economy-wide pressures through the COVID-19 pandemic. By focusing on e-commerce channels and retail partnerships, jerky producers enjoyed revenue growth in 2020. Spiking meat prices have pushed the price of jerky products upward, boosting revenue. Still, consumers contended with falling disposable income in 2022 which forced them to reduce discretionary spending. This pressured jerky producers to keep prices low and forced them to absorb rising input costs, cutting profit. Overall, industry-wide revenue has been growing at a CAGR of 1.1% over the past five years and is expected to total $937.5 million in 2023, when revenue will climb an estimated 1.7%.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

85 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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