Global Jerky Market Forecast

The Jerky Market Size was valued at USD 4.45 Billion in 2021. The Jerky market industry is projected to grow from USD 4.81 Billion in 2022 to USD 7.69 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.04% during the forecast period (2022–2030). 

The market has been growing by 50% Currently, jerky is not only manufactured from different types of meat, but also from plant-based substitutes to cater to the growing demand by vegetarian and vegan consumers. Growth in the food tourism has significantly contributed to the growth of the jerky market. 

High competition owing to presence of large number of players in this jerky market is forcing manufacturers to continuously focus on product innovation and development. The manufacturers have introduced products with various labels such as organic, grass-fed, and produced without antibiotics.

Growth Opportunities in the Market

Dominance of beef jerky in the market: The beef jerky segment dominated the global jerky market in 2018 and this trend is expected to continue during the forecast period. Beef jerky has high protein content and low calories. Additionally, it is convenient to carry and has a long shelf life. Thus, it has become a practical and healthy snack for consumers. Beef jerky is also projected to be the fastest-growing segment. witnessing the growth of around 7% in last one year among all other types. Jack Link’s brand of beef jerky accounted for more than 51% share of the beef jerky market in the US.

Convenience stores to remain a popular choice to purchase jerky among consumers: Convenience stores is the most preferred choice among the consumers for buying meat snacks and jerky due to increased preference for on-the-go food and growing trend for travelling and tourism. Consumers are increasingly shopping at supermarkets and hypermarkets such as Walmart, Tesco, and Target due to their widespread network and availability of jerky in a variety of types, flavors, and brands. However, e-commerce portals are gaining popularity among consumers due to the ease of home shopping and availability of choices.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐖𝐢𝐭𝐡 𝐂𝐡𝐚𝐫𝐭𝐬 & 𝐆𝐫𝐚𝐩𝐡 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐃 𝐟𝐨𝐫 𝐓𝐨𝐩 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐲) : https://www.marketresearchfuture.com/sample_request/8253

Key Companies in the Jerky market include

The Blue Ox Jerky Company (Blue Ox) (US),Jack Link’s Beef Jerky (Jack Link’s) (US),The Hershey Company (Krave) (US),Oberto Snacks Inc. (Oberto) (US_,Conagra Brands (Duke’s, Slim Jim) (US),Country Archer Jerky Co. (US),Devour Foods (US),Old Trapper (US),JerkyXP (US),Marks and Spencer (UK),Wild Bill’s Food (US),Newport Jerky Company (US),Boston Jerky Co. LLC. (US),The Greeneville Jerky Company (US),Golden Island Jerky Co., Inc. (US)

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