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Mushroom based Jerky Market Outlook, Forecast and CAGR

Traditional Jerky is the jerkies made from the flesh of animals such as chickens, cows, and turkeys, whereas mushrooms-based jerky, as the name suggests is the jerky which involves mushrooms with a combination of wheat gluten, or soy.

According to latest research by Transparency Market Research, the study showed a decent increase in growth rate over the past few years and is expected to experience a remarkable CAGR in the forecasted period of 2021-2031. As the increasing number of vegan consumers, the demand will witness significant recovery in short-term, with optimistic growth outlook in the long-run.

What is Driving Demand for Mushroom based Jerky?

Mushroom based jerky is having few properties which are similar to conventional jerky such as chewy and “meaty” texture. It also has a high protein content and possesses low calorie. It is the best alternative the traditional meat-based jerky for the vegan and vegetarian consumers. The growing trend of veganism is one of the main factors that drives the market growth of mushroom-based jerky.

Busy life style, increasing disposal income, has led to increasing consumption of on-the-go and healthy food products. In order to that, there are some manufacturers producing mushroom-based jerky which possess features such as no preservatives, low cholesterol, having 3% of RDA iron. It is readily used a great type of on-the-go snacks and it can also be prepared at home easily.

Mushroom based jerky has a lot of benefits over traditional jerky such as there are a lot of diseases which can be prevented if consumers consume mushroom-based jerky rather than consuming conventional jerky like there are improvement been observed in case of heart diseases, obesity, hyper tension, prostate cancer, and others.

It is also suitable for consumers having celiac disease. According to an analysis, increase in health awareness coupled with rising consciousness towards animal welfare and environment sustainability are the key factors that would drive global Mushroom based Jerky market.

COVID-19 Impact on Mushroom-based Jerky Market

The covid-19 imparted a severe impact market. Due to global lockdown, most of the production units of this market were either minimized or closed for a while. Due to the crunch in the economy of the market, failure in supply chain management, most of the manufacturers faced losses. But this market garnered some positivity in the latter part of the lockdown.

The market has been showing a positive curve for the past few months as mushroom-based jerky is the best alternative of traditional jerky. Due to pandemic consumers have started inclining towards the plant-based products. Hence, looking at all the factors of this market, it is expected to rise significantly.

Europe Mushroom based Jerky Market Outlook

A rise in vegan population will increase the demand of mushroom-based jerky across the Europe market because mushroom-based jerky turns out to be a good option for snacks such as sandwiches, salads, etc. for the vegan population.

Mushroom based jerky is also medically beneficial for consumers as compared to traditional jerky as it provides better digestion due to high fiber content, high, nutrients, vitamins, and energy content. Thus, the market of mushroom-based jerky is growing in this region.

  • Within the last four years alone, the number of vegans in Europe has doubled from 1.3 million to the current estimated figure of 2.6 million, representing 3.2% of the population. Almost a third of all Europeans no longer consider themselves full meat-eaters anymore.

North America Demand Outlook for Mushroom based Jerky

Lately, snacking has become more popular among consumers as compared to sit down meals. In the North America consumers are also shifting towards veganism. The growing dietary trend of shifting towards nutritious food products is anticipated to drive the market.

Who are the Key Manufacturers and Suppliers of Mushroom based Jerky?

Consumers prefer more information on the packaging of the product. Clean labels, including non-GMO, gluten-free, low sodium, no artificial ingredients, minimal processing, and no antibiotics are raising trends in the industry, in order to that key players produce the products that can meet the consumer demands.

Key players and suppliers which are included in the production of plant-based protein powders market are Hive, Inc., Primal spirit food Inc., Louisville Vegan Jerky Co., Unisoy foods, Cocoburg LLC, Vegky, Shiitake, Moku, Shrooms Snacks, Condé Nast, Archer, and some other.

Key Segments

By End use Industry

  • Food processing industry
  • Foodservice industry
  • Retail/Household
  • Others

By Distribution channel

  • Business to Business
  • Business to consumer
    • Hypermarket/supermarket
    • Convenience stores
    • Specialty stores
    • Online retail

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Mushroom based Jerky Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Mushroom Based Jerky Market