Meat snacks: the next big thing in salty snacks?
Sales of meat snacks, the fourth-largest category in convenience stores, are growing faster than total snacks.1 They could be the next big thing in the supermarket salty-snacks aisle for many reasons:
• Consumers snacking more seek a protein health edge.
Retailers can leverage a category with already booming sales. Dollar sales of meat snacks overall rose 10.1% to $363.3 million in food, drug and mass merchandiser stores (excluding Wal-Mart) during the 52 weeks ended July 24, 2011. Behind these gains: dollar sales of jerky items were up 9.6% to $230.1 million, and meat sticks jumped 13.0% to $112.2 million. These growth rates generally exceeded those of convenience stores. 2
Meat snacks appeal to heavy-snacking households with teens of both genders: boys under 18 consume 23.2% of meat snacks, girls under 18 consume 16.7%.3 While adult males 18 and over are the biggest purchasers, a growing component is older male's age 25-34 who index at 217 on a scale where 100 is average.
As a result, supermarkets have opportunities to build more full-margin impulse sales by displaying meat snacks with more kinds of chilled beverages. This strategy is effective because people eat meat snacks throughout the day, primarily away from home—traveling (30.1%), at work (18.1%), outdoors (7.0%) and at school (6.7%).4
1 Source: SymphonyIRI Group All-Scan C-Store Reviews, 52 weeks ended March 27, 2011.
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