Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Jerky Snacks Market Size is Estimated to Grow from USD 5.31 Billion in 2023 to USD 10.23 Billion by 2033, Growing at a CAGR of 6.78% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Jerky Snacks Market Size, Share, and COVID-19 Impact Analysis, By Product (Pork, Beef, Poultry, and Others), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The industry that manufactures and markets dried, seasoned, and frequently smoked beef products is known as the global jerky snack market. One important factor is the rising demand from consumers for low-fat, high-protein snacks. More people are looking for easy, wholesome snack options as fitness and health consciousness grow, and jerky is a great fit. In addition, a wider range of people can now purchase jerky snacks because of the growth of retail outlets such as supermarkets, hypermarkets, and internet platforms. Additionally, the industry is gaining from the increasing attraction of diverse flavors and cutting-edge product lines that appeal to a wide range of customers. Further driving the market's expansion are developments in packaging methods that improve the jerky snacks quality and shelf life. Furthermore, the market expansion is being further fueled by changes in food and lifestyle patterns, especially in developing nations, as well as an increase in disposable income. However, the market expansion for jerky snacks is anticipated to be restrained by the growing popularity of vegetarian and vegan diets.
The beef segment accounted for the largest share of 46.85% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the product, the global jerky snacks market is classified into pork, beef, poultry, and others. Among these, the beef segment accounted for the largest share of 46.85% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Customers desire for beef as a protein source is primarily responsible for its prominence. Snacking followers adore beef jerky since it's high in protein and has a strong flavor. Additionally, the availability of a wide range of flavors and product improvements that satisfy a variety of taste preferences is driving the market's rise in this sector. Beef jerky has become the market leader due to the growing demand from consumers for quick, high-protein snacks.
The offline segment dominated the global jerky snacks market share in 2023 and is estimated to grow at a CAGR of 4.78% throughout the projection period.
Based on the distribution channel, the global jerky snacks market is divided into offline and online. Among these, the offline segment dominated the global jerky snacks market share in 2023 and is estimated to grow at a CAGR of 4.78% throughout the projection period. Physical retail shops such as supermarkets, hypermarkets, and convenience stores have a well-established presence and reach, which is responsible for their domination. Customers can see, feel, and select their jerky snacks in these stores, which increases their trust and joy while making purchases. Diverse consumer preferences are also catered to by the variety of brands and items that offline stores frequently offer. The offline channel has performed well in the jerky snack market due in large part to the convenience and trust that come with physical locations, promotions, and in-store marketing.
North America is expected to hold the largest share of the global jerky snacks market through the forecast period.
North America is expected to hold the largest share of the global jerky snacks market through the forecast period. Jerky's advantages are a natural fit for the region's increasing need for low-fat, high-protein snacks. Additionally, there is a sizable market for convenience foods in North America, where customers are prepared to pay more for delicious, high-quality snacks. Another significant driver propelling market expansion is the existence of top jerky producers and brands in the area. Furthermore, the appeal of many flavors and cutting-edge product lines keeps drawing in a diverse clientele.
Europe is predicted to grow at the fastest CAGR of the global jerky snacks market over the forecast period. The market is driven by health-conscious European consumers' growing awareness of and desire for high-protein, low-fat snacks. Jerky snacks provide a quick source of protein and are a great fit with the growing fitness and wellness trend. In addition, jerky snacks are now more widely available due to the growth of retail networks and the emergence of specialty health food stores. New customers are also being drawn in by the introduction of creative flavors and product variations catered to European preferences. The market's strong growth is also a result of the rising demand for clean-label and organic jerky goods.
Competitive Analysis
Major key players in the global jerky snacks market include LINK SNACKS, INC., The Hershey Company, Old Trapper Smoked Products, Oberto Snacks Inc., Chef’s Cut Real Jerky Co, Frito-Lay North America, Inc., Tillamook Country Smoker, Conagra Brands, General Mills Inc., and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global jerky snacks market based on the below-mentioned segments:
Global Jerky Snacks Market, By Product
Global Jerky Snacks Market, By Distribution Channel
Global Jerky Snacks Market, By Regional Analysis
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