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Jerky Snacks Market is Expected to Reach US$ 1.3 Billion by 2033

food industry

The global jerky snacks market is valued at US$ 715 Million in 2023. As per this new study by Fact.MR, global demand for jerky snacks is forecasted to reach a market valuation of US$ 1.3 Billion by 2033, increasing at a CAGR of 6.3% during the forecast period (2023 to 2033).

Jerky snacks are gaining popularity around the world owing to their high protein content. Consumers, in recent years, are shifting towards more nutritional snacks from carbohydrate-rich snacks, especially in Europe and North America. They are giving more preference to packaged food that is available with minimal processing.

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Key Takeaways from Market Study

  • Sales of jerky snacks in Germany are expected to increase at a CAGR of 4% during the forecast period (2023 to 2033).
  • The global jerky snacks market is estimated to advance at a CAGR of 6.3% through 2033.
  • The market stands at a valuation of US$ 5.3 billion in the year 2023.
  • The global industry is forecasted to reach US$ 9.8 billion by 2033-end.
  • Demand for jerky snacks in Canada is anticipated to evolve at a CAGR of 5.7%.

People, in recent years, are giving more preference to products that provide more information on the product packaging. Clean labels, including minimal processing, non-GMO, no antibiotics, gluten-free, no artificial ingredients, and low sodium are current trends in the target industry. Thus, increasing demand for jerky snacks as a healthy snacking option has enabled small and big companies to enter the industry.

Snacking is gaining popularity among global consumers as compared to conventional sit-down meals. The increasing dietary trend of making a shift towards protein from carbohydrates is expected to stimulate consumers to have more meat instead of chips. In addition, a wide variety of flavors, including sweet cherry, pepper, barbecue, sriracha, pineapple, maple, teriyaki, and habanero are also attracting consumers.

The taste of jerky food products and easy packaging technology with different flavors are propelling their demand. Furthermore, the availability of jerky snacks at reasonable pricing is anticipated to result in increased consumption over the coming years. Steady per capita consumption of jerky along with the falling prices of red meat is further forecasted to contribute to target market growth.

Competitive landscape:

Key providers of jerky snacks are spending a handsome amount on the strengthening of the supply chain management system. The manufacturers aim to deliver quality products to target consumers while adhering to the guidelines set for quality control without causing any significant impact on the environment.

The prominent companies of jerky snacks are adopting multiple strategies, including new development, mergers & acquisitions, and others to generate lucrative opportunities.

For instance :

  • A private investment firm, Bai Capital, in May 2021, acquired Valeo Foods Group, a European food company. The acquisition aims to strengthen the position of the company and stimulate growth.

Key providers of jerky snacks include Chef’s Cut Real Jerky, Tillamook Country Smoker, The Meatsnacks Group, The Hershey Company, Old Trapper Beef Jerky, Oberto Snacks Inc., Jack Link’s, LLC, and General Mills Inc.

Segmentation of Jerky Snacks Industry Research:

·         By Product :

  • Beef
  • Pork
  • Poultry
  • Others

·         By Distribution Channel :

  • Offline
  • Online

·         By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global jerky snacks market for the period of 2023 to 2033.

The study divulges essential insights into the market on the basis of product (beef, pork, poultry, others) and distribution channel (offline, online), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Jerky Snacks Market Report

  • What is the projected value of the Slim Jerky Snacks market in 2023?
  • At what rate will the global Beef Jerky Snacks market grow until 2033?
  • Which are the factors hampering the growth of the Jerky Snacks Food Industry?
  • Which region is expected to lead in the global Jerky Snacks market during 2023 to 2033?
  • Which are the factors driving the Jerky Snacks market during the forecast period?
  • What is the expected market value of the Jerky Snacks market during the forecast period?

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