Jerky Snacks Market Set to Reach US$ 1.3 Billion by 2033

As of 2023, the global jerky snacks market size holds a value of US$ 715 million. According to a recent study conducted by Fact.MR, there is a significant growth trajectory in store for the jerky snacks market, with an anticipated market valuation of US$ 1.3 billion by the year 2033. This growth is projected to be driven by a compound annual growth rate (CAGR) of 6.3% during the forecast period spanning from 2023 to 2033.

The increasing global demand for jerky snacks can be attributed to their substantial protein content, making them a preferred choice among consumers worldwide. Recent trends reveal a noteworthy shift in consumer preferences, particularly in Europe and North America, as individuals opt for more nutritious alternatives over carbohydrate-heavy snacks. This shift towards healthier choices has led to a rising preference for minimally processed packaged foods, further propelling the growth of the jerky snacks market.

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Key Market Study Findings:

1. In Germany, sales of jerky snacks are anticipated to witness steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033.

2. On a global scale, the jerky snacks market is poised for robust expansion, estimated to achieve a CAGR of 6.3% throughout the forecast period leading up to 2033.

3. The current market valuation for jerky snacks stands at US$ 5.3 billion in 2023.

4. The global industry is expected to reach a substantial valuation of US$ 9.8 billion by the conclusion of 2033.

5. In Canada, the demand for jerky snacks is set to undergo significant growth, with an anticipated CAGR of 5.7%.

Consumers are increasingly seeking products that provide detailed information on the packaging. Clean labels, which emphasize minimal processing, non-GMO ingredients, no antibiotics, gluten-free, absence of artificial additives, and low sodium content, are current trends in the industry. As a result, the rising demand for jerky snacks as a healthy snacking option has attracted both small and large companies to enter the market.

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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