In-Depth Exploration of the Jerky Snacks Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2031.
Report Ocean has recently released a comprehensive research report on the global Jerky Snacks Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
What is the value of the Global Jerky Snacks Market?
Global Jerky Snacks Market is valued approximately USD 4.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.70% over the forecast period 2022-2028.
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What are Jerky Snacks and their primary function?
Jerky snacks are popular due to their high protein content. Consumers are shifting away from carbohydrate-rich snacks and toward more healthy snacks, notably in North America and Europe. In recent years, customers’ preferences have evolved toward nutritious snacks that include all of the ingredients. Consumers desire more information on product packaging. Non-GMO, gluten-free, low salt, no artificial ingredients, minimal processing, and no antibiotics are emerging as industry trends. Rising demand for nutrient-dense snacks, such as healthy fats, iron, and B vitamins, is driving the sector, encouraging companies to develop enriched meat snacks. Because of portable meals like jerky, sticks, and sausages, it’s a convenient option for consumers looking for nutritional meat snacks. These factors are propelling the industry forward. Beyond Meat, Inc., a plant-based meat company, and PepsiCo, Inc. announced the creation of the first plant-based jerky in their joint venture in March 2022. This stage attempts to broaden the product portfolio and boost consumer reach. Bai Capital, a private investment business, announced the acquisition of Valeo Foods Group, a European food manufacturer, in May 2021.
The goal of this acquisition is to boost the company’s position and accelerate expansion. Baja Jerky collaborates with four distributors in October 2021 to improve its visibility and expansion. This collaboration intends to increase openness in product development while also broadening its customer reach. The growth of the market is partly due to the advent of e-commerce and the widespread use of smartphones, which has prompted some small and medium-sized businesses to build online platforms in order to widen their distribution channels. The online distribution channel has benefited manufacturers, particularly small businesses. Businesses target millennial clientele, one of the largest density segments, resulting in significant market adoption of the items. However, health issues such as unhealthy weight gain and the danger of heart disease restrict market expansion from 2022 to 2028.
The key regions considered for the Global Jerky Snacks Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. According to the Simmons National Consumer Survey (NHCS) and the US Census, approximately 50.0 percent of the US population, or nearly 160 million people, consume meat snacks and beef jerky on a daily basis. Jerky is one of the most popular meats appetizers in the United States. Europe’s jerky snack industry is expected to develop at the quickest rate between 2022 and 2028. The increased demand for nutritious protein-enriched snacks, as well as expanding awareness of a healthy lifestyle, are driving the growth.
Major market players included in this report are:
- JACK LINK’S LLC.
- Old Trapper Beef Jerky
- Oberto Snacks Inc.
- The Hershey Company
- General Mills Inc.
- Chef’s Cut Real Jerky
- Frito-Lay North America, Inc.
- Tillamook Country Smoker
- Conagra Brands, Inc.
- The Meatsnacks Group.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Beef
Pork
Poultry
Others
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Jerky Snacks market, including:
- What can be expected for the Jerky Snacks market in the next decade?
- What are the primary drivers of growth in the global Jerky Snacks market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Jerky Snacks market vary based on the size of the end market?
- What is the breakdown of Jerky Snacks by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Jerky Snacks market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Jerky Snacks Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Jerky Snacks Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Jerky Snacks Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Jerky Snacks Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Jerky Snacks Market.
Our Jerky Snacks Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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