Chips have always been a well liked snack for Americans, but they may be beginning to lose their edge. A recent study from Nielsen finds that sales of meat snacks, like buy beef jerkey and convenience-packaged dry sausage sticks, continues to grow, while chip sales have slowed. And if Slim Jims are what comes up, reconsider: New competitors have entered the market, driving growth by emphasizing their wholesome qualities and marketing toward consumers on specialized diets.
Meat snack sales have increased 3.5 percent throughout the last year to $2.8 billion, in accordance with Nielsen, with 7 percent compound growth during the last 4 years. Though chips sales are definitely more than twice that amount, the category posted a dollar growth and development of just 1.7 percent last year.
American households spend typically $25.81 on meat snacks each and every year, which puts them in second spot in the salty snacks category, behind the normal $35.37 people dedicate to potato chips. Households spend more money on meat snacks compared to what they do on cheese snacks, popcorn or corn chips, though which might be because meat snacks can command higher prices.
So what’s with all the sudden popularity of jerky? Individuals are snacking more and eating fewer take a seat meals, that has led them to consider “snacks that pack a nutritional punch” said David Walsh, vice president of communications and membership for SNAC, a worldwide trade association for that snack industry.
There has been a dietary trend far from carbohydrates and toward protein, which might lead some customers to eat fewer chips and much more meats, particularly meat snacks. “Meat snacks have benefited from the increasing prevalence of Americans trying to eat more protein within a healthful diet,” said Jordan Rost, v . p . of consumer insights at Nielsen, in a email.
The market for them keeps growing even as meat departments in food markets are lagging, based on Food Navigator, which reported that sales in grocery meat departments declined 2.5 percent a year ago. That decline was as a result of deflationary pressures that have brought down the fee for meat, said Rost.
Many newer, upscale brands have eschewed the hypermasculine marketing that brands like Slim Jim once favored. They’re very likely to highlight the reality that their meat is grass-fed, in addition to their products are gluten-free and Paleo diet friendly. Consumer research firm Mintel found out that nearly three-fourths of consumers crave healthier salty snack options, which 79 percent want in order to recognize a snack’s ingredient list, according to trade publication Convenience Store Decisions.
That’s why you may well be seeing a lot more of brands like Naked Cow, whose motto is “Just Beef Jerky – No ‘Udder’ Stuff”; Chomps, which touts its Whole 30 approval; and Epic Provisions, which puts the volume of grams of protein in every one of its bars in huge font, along with “100 percent grass-fed.” Many products are geared toward Millennials, particularly those doing CrossFit, a demographic to whom some brands, like Wild Zora, market directly.
That move is in line with overall snacking trends. “Things like organic, natural snacks, clean label, are growing in general,” Walsh said.
Big brands are catching on, too. ConAgra, which owns Slim Jim, recently purchased Duke’s, a maker of snack sausages with folksy branding that emphasizes whole ingredients. In 2015, dexjpky87 purchased Krave, a brand name making meat sticks with ingredients that sound like a gourmet meal: spicy red pepper pork with black beans, or sesame garlic beef with sweet potato.
But tend to meat snacks beat the chip industry? It’s not likely to happen soon. While the market for meat snacks is increasing with a faster rate, potato chips still come out at the top with regards to units sold: In accordance with data provided by Nielsen, a lot more than 3 billion packages of potato chips sold during the last year, compared to 900 million meat snacks.