The global jerky market is expected to exhibit a strong 6.04% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The global jerky market is expected to reach a valuation of 4.81 Billion in 2022, according to the MRFR report. The global jerky market is examined in detail in the report, which provides readers with a comprehensive overview of the market by profiling its historical growth drivers and extrapolating their likely impact on the market over the forecast period. The major growth drivers and restraints acting on the global jerky market are profiled in detail in the report.
The jerky market overview has experienced significant growth in recent years, driven by changing consumer preferences for healthier and protein-rich snacks. With a rising emphasis on fitness and wellness, jerky's low-fat, high-protein content has made it a popular choice among health-conscious individuals. Additionally, the variety of flavors and meat options available, from traditional beef and turkey to more exotic choices like venison and bison, has expanded its appeal to a broader audience. Furthermore, the convenience and long shelf life of jerky have made it a favored on-the-go snack. As the demand for convenient, protein-packed snacks continues to rise, the jerky market is poised for continued expansion and innovation.
Jerky is any kind of meat snack that is made from meat that is cured in a salt solution and then dried. This process gives jerky a unique flavor as well as texture that has proved to be wildly popular in a large number of countries across the world. This has been the major driver for the global jerky market over the historical review period. The growing popularity of jerky products is likely to be a major driver for the global jerky market over the forecast period. Manufacturers of jerky products are also making great efforts to introduce a wide range of varieties in the jerky market, which is also likely to be a key driver for the global jerky market over the forecast period.
Many manufacturers in the global jerky market have also come up with faux jerky by producing jerky from vegetarian raw material. This is likely to be a key trend in the global jerky market over the forecast period, as the number of vegetarian and vegan consumers is likely to grow over the forecast period.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/8253
Competitive Analysis:
Leading players in the global jerky market include The Blue Ox Jerky Company (Blue Ox), Jack Link’s Beef Jerky (Jack Link’s), The Hershey Company (Krave), Oberto Snacks Inc., Conagra Brands (Duke’s, Slim Jim), Country Archer Jerky Co., Devour Foods, Old Trapper, JerkyXP, Marks and Spencer, Wild Bill’s Food, Newport Jerky Company, Boston Jerky Co. LLC, The Greeneville Jerky Company, and Golden Island Jerky Company Inc. Small players are likely to play a key role in the global jerky market over the forecast period, as the small regional divisions of the market all see different players operating in them, as the distribution of the jerky market is quite fragmented.
In October 2019, Pony Express Foods, a leading small player in the jerky market in North America, announced plans to open a new store in Leola.
The same month, Sims Meat Processing announced a voluntary recall of 8-ounce jerky packages, calling the product out for not being shelf stable and possibly unsafe to eat.
Segmentation:
The global jerky market research is segmented on the basis of source, distribution channel, and region.
By source, the global jerky market is segmented into beef, pork, and poultry. The beef segment holds the largest share in the global jerky market, followed by pork. Beef jerky is widely popular in North America and Europe, which are the major markets for beef jerky. On the other hand, pork jerky is more popular in East Asian countries such as China, Japan, South Korea, and Taiwan, where is pork is more ingrained into the eating habits of the consumers.
By distribution channel, the global jerky market is segmented into store-based and non-store-based. The convenience stores segment dominates the global jerky market, though online retailing is likely to exhibit a steady growth over the forecast period.
Regional Analysis:
North America is the leading regional jerky market and is likely to exhibit steady growth over the forecast period, leading to steady dominance in the market. Europe is also a leading regional market for jerky and is likely to be a major revenue generator over the forecast period. Asia Pacific is also an important market for the global jerky market, as jerky products are widely popular in East Asia. The lack of a strong jerky market in India is also good news for players in the jerky market, as this presents them with a high volume of untapped demand.
Key Players are:
Boston Jerky Co. LLC, Conagra Brands, Country Archer Jerky Co., Devour Foods, Golden Island Jerky Company Inc., and others
Related Reports:
Pickles Market Research Report: Information By Type (Fruit Pickles, Vegetable Pickles, Meat And Seafood Pickle And Others), By Packaging Type (Jars, Pouches, Tubs And Others), By Distribution Channel (Store-Based (Supermarket/Hypermarket, Convenience Stores, Specialty Stores and Others) And Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Soft Drink Market
Coffee Market Research Report Information By Variety (Arabica, Robusta and Others), By Form (Whole and Ground), By Distribution Channel (Store-Based and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312
Email: sales@marketresearchfuture.com
Competitive Analysis
The rise in acquisitions and mergers is estimated to recreate an encouraging environment for the players, leading to several new product offerings. The use of online channels is estimated to gain more precedence as the market comes to terms with the new business realities. The promotion of international trade is predicted to create a promising overall effect on the market, with many companies choosing this period to test new and untapped markets. The government support is estimated to have a positive scope for the development in several key areas of the global market. The market is estimated to move forward with caution due to the experiences gained during the pandemic. The surge in innovation and resynchronization of the operation and distribution cycle is estimated to create a constructive situation for the overall market's future. The advancement in the global distribution chains is estimated to further enrich the market's progress in the coming period.
The renowned companies in the fresh herb market are Vitacress (UK), Shenandoah Growers, Inc. (the US), Van Vugt Kruiden (Netherlands), Nomad Foods (UK), Pacific Botanicals (US), Langmead Herbs (UK), Rocket Farms (US), Organic Herb Trading Company (UK), Spisa Group (Sweden), and Al-Hanin Herbs (Egypt).
Industry Updates:
Apr 2021 Weezy, a fast grocery supply service, has struck a deal with vertical farm company Infarm to harvest its distribution centers with recent herbs. Infarm harvest that is grown hydroponically at its growing home in Tottenham can be transported a number of times per week by its 4 Weezy distribution hubs in Battersea, Fulham, London Fields and Lambeth. The German vertical farming company stated it would be able to adapt soon and improve distribution and quantity in keeping with the requirement from Weezy clients.
Mar 2021 Bio-Planet first introduced its vertically grown basil from its self-developed vertical farm, which uses this method to vary from conventional farming. It necessitates less water and plot and fewer nutrients resulting in herbs with tiny environmental footprints. The initial venture's success has prompted the company to expand to sustainable basil and the technique for growing coriander. The herbs are being sold since February in the Bio-Planet webshop and 31 stores.
Key Players are:
Fresh Herbs market players, including Spisa Group, GrowUp Farms Group, Kerry Group PLC, Pacific Botanicals, Langmead Herbs, Organic Herb Trading Company, Nomad Foods, Rocket Farms, Vitacress, Shenandoah Growers Inc., and others
Browse related reports:
Functional Ice Cream Market Research Report Information By Flavor Type (Chocolate, Vanilla, Blends, and Others), By Claim (Lactose-Free, Low-Fat, Low-Calorie, and Others), By Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Online Retail, and Others} and Non-Store-Based), By Claim (Lactose-Free, Sugar-Free, Vegan, Multi-Claim, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032.
Citrus Fiber Market Research Report Information By Application (Food & Beverages, Personal Care, and Others), And By Region (Europe, Asia-Pacific, North America, Rest of the World) – Market Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312