Jerky Snacks Market

Global Jerky Snacks Market: Overview

Jerky snacks are projected to grow in popularity due to rising demand for high-quality protein and interesting flavours that give fast energy to on-the-go customers. The millennial consumer group is more aware of this munching trend, since they choose snacks that are less processed and are created with natural ingredients, and come in a variety of tastes.

Jerky snacks are becoming increasingly popular due to their high content of protein. Consumers in Europe and north America, in particular, are shifting away from carbohydrate-rich snacks and toward more nutritious snacks. Consumers' preferences have evolved in recent years toward healthier snacks that identify all of the ingredients utilized. More data on the product packaging is preferred by consumers. no antibiotics, n on-GMO, no artificial chemicals, gluten-free, minimum processing, and low sodium are amongst the industry's top trends.

Transparency market research offers a comprehensive understanding of the global jerky snacks market through this report. It offers well-researched data on various facets of the market to offer valuable business input for profit generation.

Global Jerky Snacks Market: Notable Developments

In September 2017, Jack Link's Beef Jerky announced plans to expand production capacity by opening up a new manufacturing facility in the UK. Such strategies are expected to work in favor of the global jerky snacks market in the near future.

The noted players that are operational in the global jerky snacks market are The Hershey Company, Frito-Lay North America, Inc., Old Trapper Beef Jerky, Conagra Brands, Inc., Jack Link's, LLC., and Chef's Cut Real Jerky.

Global Jerky Snacks Market: Key Trends

Below-mentioned market trends and opportunities mark the global jerky snacks market:

Rising Trend of Snacking with Meat Products to Drive Demand in the Market

Snacking, rather than sit-down meals, has recently gained popularity amongst the consumers. In the near future, the rising dietary trend of switching toward protein from carbs is expected to lead to people eating more meat than chips. Customers have also been drawn to the broad variety of tastes available, including sweet cherry, pepper, barbecue, pineapple, sriracha, habanero, maple, and teriyaki. However, ethical concerns may hinder the expansion of the global jerky snack market in certain countries, such as India.

Because of the rising demand for the jerky snacks in recent years, both large and small businesses have been able to enter the market. International food corporations such as General Mills, Inc., Conagra Brands, Inc., and The Hershey Company have joined the global jerky snack market by absorbing existing businesses.

The rise of the e-commerce business and the widespread use of smartphones are credited with the growth of the market. As a result, small and medium-sized businesses are expanding their distribution channels by launching their respective online platforms. The online distribution channel has increased the opportunities for manufacturers, particularly small businesses. Firms can successfully target millennial customers, one of the largest population segments, by using internet channels. Amazon, Jerky.com, People's Choice Beef Jerky, EPIC, and Dickson's Farmstand are some of the industry's most well-known online sellers.

Global Jerky Snacks Market: Geographical Analysis

North America is likely to dominate the global jerky snack market, accounting for a large share of the total sales. According to the Simmons National Consumer Survey (NHCS) and the U. S. Census, over half of the country's population, or roughly 160 million individuals, eat beef jerky and meat snacks on a daily basis. Jerky is amongst the most popular meat appetisers in the U. S.  In addition to that, the majority of adults in the United States consume snacks at least once a day. This country boasts the largest snack market in the world.

The jerky snacks market in Europe, on the other hand, is expected to increase at a rapid rate over the forecast period, from 2021 to 2031. The rise in demand for nutritious protein-rich snacks, as well as increased understanding of the need of living a healthy lifestyle, are both contributing to the expansion of the global jerky snacks market. The region's prospective markets include Belgium, Germany, Luxembourg, and the U.K. The major corporations have entered the market in order to capitalize on the rising demand for jerky snacks.