Jerky Snacks Market Size Worth $8.14 Billion By 2032 | CAGR: 5.81%

The global jerky snacks market size is expected to reach USD 8.14 billion by 2032, according to a new study by Polaris Market Research. The report “Jerky Snacks Market Share, Size, Trends, Industry Analysis Report, By Product (Beef, Pork, Poultry, and Others); By Distribution Channel; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The popularity of veganism is surging across the food industry with various innovations. Vegan snacks have improved in taste and texture over the years. As food manufacturers have developed new technologies and techniques for creating meat alternatives, they have been able to produce more convincing plant-based products that mimic the texture and flavor of meat. For example, in March 2022, Beyond Meat & PepsiCo have partnered with each other for their first delicious and convenient plant-based jerky product. Beyond Meat Jerky comes in three flavors including original, hot & spicy, and teriyaki and offers the same savory experience as traditional beef jerky. Subsequently, the demand for veganism has led businesses to innovate new products. This is further broadening the global market growth.

Jerky snacks are also a good source of protein, which can help to keep people feeling full and satisfied. Many people are seeking for jerky snacks as a healthier alternative to other types of snacks that are high in sugar, salt, and unhealthy fats. These are a convenient and portable snack that can be easily taken on-the-go. Therefore, a huge population is seeking for the jerky snacks with various flavors due to its large number of benefits. This is enhancing the demand for market with a considerable growth rate globally.

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The beef jerky is flying off the shelves as meat snacks are growing more and more popular among consumers who opt to concentrate on adding more protein to their diets. As a result, the global jerky market is expanding dramatically. In addition to providing an ever-growing selection of flavors and other possibilities, jerky is both practical and diet-friendly. To satisfy the expectations of flavor-conscious consumers, an unlimited variety of snack foods are being offered with unusual flavors which include beer-flavored chips, wasabi-flavored crackers, and coffee-flavored chocolates. Henceforth, the global market is expanding with a rapid pace.

The COVID-19 pandemic has had both positive and negative impacts on the global market. With the closure of many restaurants and bars, the demand for jerky snacks from the foodservice industry has decreased, leading to a surplus of inventory for some manufacturers.

Jerky Snacks Market Report Highlights

• Beef segment is accounted for largest share of the total global revenue. This is linked to high consumption of this snacks due to its health beneficial aspects such as protein, vitamin, and minerals
• Online segment garnered huge share, owing to shift in consumer purchase and increasing e-commerce industry
• North America held the largest share in 2022 due to huge consumption of jerky snacks products, growing health concern among various countries, and availability of jerky snacks manufacturers in the region
• The global players include JACK LINK'S, Oberto Snacks, Hershey Company, General Mills, Frito-Lay, Old Trapper Beef Jerky, Chef's Cut Real Jerky, Tillamook Country Smoker, Conagra Brands, and Meatsnacks Group

Polaris Market Research has segmented the Jerky Snacks market report based on product, distribution channel, and region:

Jerky Snacks, Product Outlook (Revenue - USD Billion, 2019-2032)

• Beef
• Pork
• Poultry
• Others

Jerky Snacks, By Distribution Channel Outlook (Revenue - USD Billion, 2019-2032)

• Online
• Offline

 Jerky Snacks, Regional Outlook (Revenue - USD Billion, 2019-2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Jerky Snacks Market Report Scope