SUBSCRIBE

Breaking News on Food & Beverage Development - North AmericaEU edition | APAC edition

News > Markets

Read more breaking news

 

 

Nielsen: Protein-craze boosts meat snack sales, dampens diminished meat prices for retailers

Post a comment
Adi Menayang

By Adi Menayang

03-Apr-2017
Last updated on 03-Apr-2017 at 16:57 GMT2017-04-03T16:57:10Z

Photo: iStock/Boltenkoff
Photo: iStock/Boltenkoff

Meat snacks have graduated from its road trip ‘gas station snack’ image, sales data imply. The $2.8 billion category had a compound annual sales growth of more than 7% over the past four years.

These numbers come from retail and consumer analytics company Nielsen, published recently in an interactive blog post titled ‘Where’s the beef? Check the Snack Aisle.’

As US consumers today increasingly substitute meals with snacks , Nielsen found that salty snacks in particular “play a critical role in the American diet." But the shining star in this category, beating traditional potato chips and pretzels, is the meat snack, like jerky and jerky sticks.

Benefiting from demand for protein

“Meat snacks have benefited from the increasing prevalence of Americans trying to eat more protein as part of a healthful diet,” Jordan Rost, VP of consumer insights at Nielsen, told FoodNavigator-USA.  

“In particular, meat snacks have resonated with consumers following paleo and other similar protein-rich diets. They’ve also resonated with consumers interested in snacking on foods naturally low in sugars,” he added.

Rost’s analysis is reflected by the amount of meat snacks and other jerky products that feature either caveman-like iconography (such as the aptly named Primal Bar by Caveman Foods ) or Certified Paleo seal . “Meat snacks are well aligned with many of the health trends driving growth today,” he added.

Performing better than other meat departments

Among salty snacks, meat snacks are second place after potato chips in terms of sales—the average household spends $25.81 per year on meat snacks compared to $35.37 on potato chips. (Cheese snacks took third place with $12.60).

But especially as more meat snack launches go premium, the category boasts the highest spend per trip at $7.42 compared to $6.10 for seafood snacks at second place, and $4.01 for popcorn at third place.

When comparing meat snacks’ performance to other meat departments, there’s another angle to the story. “In the last few months, meat across the total store has been heavily impacted by deflation,” Rost said.

“But, in the context of 2.5% annual sales declines in the meat department, meat snacks fared relatively well, growing 3.54% in 2016 as a whole,” he added. “And while meat snacks’ drive a small share of total meat sales, they have certainly helped dampen the impact of diminished meat prices for retailers.”

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Related products

Related suppliers

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...

Promotional Features

Content Provided by Fonterra

Way forward with whey protein