Jerky Snacks Market

Market Overview:

The global jerky snacks market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032. The emerging trend of healthy snacking, rising demand for high-grade protein and exotic flavors, and new product launches by key players represent some of the key factors driving the market.

Jerky snacks are healthy, nutrient-rich snacks comprising lean trimmed meat cut into strips, cooked, and dehydrated to remove moisture from the meat and prevent spoilage. They are shelf-stable, on-the-go food items that require no additional preparation. They are usually marinated with a mixture of seasonings and liquid ingredients, mainly salt, which acts as a natural preservative. They are generally high in lean protein and low in fat, making them a healthy snacking option. They are commonly available in a range of unique flavors and types in the market and sold in re-sealable pouches and packages to improve convenience and portability. As a result, jerky snacks have gained immense popularity among the masses due to their excellent nutritional content, ready-to-eat nature, and prolonged shelf life.

Jerky Snacks Market Trends:

Due to the growing health consciousness among the masses, individuals are increasingly incorporating protein-rich foods into their daily diets. Consequently, the rising consumer awareness regarding the high-nutrition content of jerky snacks represents the primary factor driving the market growth. Additionally, with the emerging trend of healthy snacking, there has been a significant shift from carbohydrate-enriched products toward nutritional snacks that are less processed, made using natural ingredients, and available in multiple flavors. In line with this, the escalating demand for high-grade protein and exotic flavors that provide quick energy to on-the-go consumers, especially among the millennial population, is contributing to product sales. Furthermore, the leading manufacturers are introducing jerky snacks in a diverse range of unique flavors, including habanero, teriyaki, maple, pineapple, sriracha, barbecue, pepper, and sweet cherry, to expand their product portfolio and customer base. Along with this, the easy product availability via organized offline retail channels and e-commerce platforms has propelled market growth. Besides this, the launch of innovative product variants, such as grass-fed, natural, organic, and produced without antibiotics, has catalyzed market growth. Some of the other factors, including the expanding young and fitness-conscious population, shifting consumer inclination toward leading a healthy lifestyle, changing dietary habits, rapid urbanization, elevating income levels, and rising preferences for packaged foods, are also anticipated to create a favorable market outlook in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global jerky snacks market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and distribution channel.

Product Insights:

• Beef
• Pork
• Poultry
• Others
   

The report has provided a detailed breakup and analysis of the jerky snacks market based on the product. This includes beef, pork, poultry, and others. According to the report, beef represented the largest segment.

Distribution Channel Insights:

• Offline
• Online
   

A detailed breakup and analysis of the jerky snacks market based on the distribution channel has also been provided in the report. This includes offline and online. According to the report, offline accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for jerky snacks. Some of the factors driving the North America jerky snacks market included its expanding health-conscious population, rising consumer preferences for healthy snacks, inflating consumer expenditure capacities, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global jerky snacks market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Chef’s Cut Real Jerky Co., Frito-Lay North America Inc. (PepsiCo Inc.), Jack Link's LLC, Oberto Snacks Inc. (Premium Brands Holdings Corporation), Old Trapper Smoked Products Inc., Tillamook Country Smoker, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global jerky snacks market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global jerky snacks market?
• What is the impact of each driver, restraint, and opportunity on the global jerky snacks market?
• What are the key regional markets?
• Which countries represent the most attractive jerky snacks market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the jerky snacks market?
• What is the breakup of the market based on the distribution channel?
• Which is the most attractive distribution channel in the jerky snacks market?
• What is the competitive structure of the global jerky snacks market?
• Who are the key players/companies in the global jerky snacks market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the jerky snacks market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global jerky snacks market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the jerky snacks industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.