Rockville, Feb. 07, 2023 (GLOBE NEWSWIRE) -- As per data provided by Fact.MR, a market research and competitive intelligence provider, the global jerky snacks market is estimated to surpass a value of US$ 9.8 billion by the end of 2033. Rising demand for different high-grade protein snacks is estimated to boost the sales of jerky snacks. The industry is anticipated to exhibit significant growth at a CAGR of 6.3% during the forecast period (2023 to 2033).
Jerky snacks are currently trending around the world due to their high-protein benefits. Consumers, especially in North America and Europe, are making a shift towards more nutritional snacks while keeping their distance from carbohydrate-enriched snacks. Further, consumers are becoming more inclined towards healthy snacks that display a comprehensive list of ingredients used.
Download A Free Sample Copy of This Report –
https://www.factmr.com/connectus/sample?flag=S&rep_id=8341
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.
However, increasing penetration of vegan and vegetarian diets around the world can limit the adoption of jerky snacks. Moreover, ethical issues are also predicted to hinder the growth of the market in certain countries around the world.
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%.
Get Customization on this Report for Specific Research Solutions –
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8341
Competitive Landscape
Key providers of jerky snacks are investing at an increased rate in new developments to generate lucrative opportunities in the coming years.
For instance,
- Jack Link’s is a firm dealing in jerky products. In September 2021, the company launched a campaign for a manufacturing facility in the United Kingdom. This initiative was taken to expand the production capacity of the company, which would help the organization to open up novel strategies to generate new opportunities.
Key Companies Profiled
- 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
- 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
Quick Buy: Jerky Snacks Market Report
https://www.factmr.com/checkout/8341
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?
Check out more related studies published by Fact.MR Research:
Pet Jerky Treat Market: With the pet lovers and owners inclining towards safe and natural ingredients, the pet jerky treat market is expected to transform significantly.
Beef Jerky Market: Beef Jerky is lean meat that has a very less fat content and is high in protein. The fat is trimmed off from the meat in the beef jerky, the meat is then cut into strips, and then it is dried.
Fruit Jerky Market: Consumers are opting for fruit jerky, owing to the accumulative health-conscious consumers and increasingly available as products labelled grass-fed, natural, organic, and produced without antibiotics.
Grassfed Jerky Market: The rise in meat consumers who prefer organic and natural food products are also concerned about the origin of their feed which has elevated the demand for grassfed jerky.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Analyst: Mr. Shambhu Nath Jha
Email: shambhu@factmr.com
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
