IMARC Group, a leading market research company, has recently releases report titled “Jerky Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global jerky snacks market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the jerky snacks market?
The global jerky snacks market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
Browse the full report with TOC and list of Figures: https://www.imarcgroup.com/jerky-snacks-market
Factors Affecting the Growth of the Jerky Snacks Industry:
Rising demand for high-protein and low-fat snacks:
Consumers are becoming more health-conscious and are actively seeking snacks that align with their dietary preferences and fitness goals. Jerky snacks, made from lean cuts of meat, provide a high-protein, low-fat option that appeals to those looking to increase their protein intake without consuming excessive calories or unhealthy fats. Protein is essential for muscle growth, repair, and overall health, making jerky an attractive option for athletes, fitness enthusiasts, and individuals following high-protein diets like Paleo, Keto, or Atkins. Additionally, the satiating nature of protein helps control hunger and supports weight management, further contributing to the demand for jerky snacks among health-conscious consumers.
Increasing popularity of convenience foods:
In a fast-paced lifestyle, consumers are seeking portable, ready-to-eat (RTE) snacks that they can consume on the go. Jerky snacks, with their long shelf life and no need for refrigeration, fit this need perfectly. They are convenient for a variety of occasions, including travel, work, outdoor activities, and quick meals. The packaging of jerky snacks, often in resealable pouches, adds to their convenience, allowing consumers to enjoy them over multiple sittings. This trend is supported by growing urbanization and busy lifestyles, where time-constrained consumers prioritize convenience without compromising on nutritional value, bolstering the market growth.
Expansion of innovative product offerings:
Manufacturers are continually exploring new flavors, ingredients, and types of jerky to cater to a broad range of consumer preferences. Traditional beef jerky has been joined by options made from turkey, chicken, pork, and even plant-based proteins, appealing to a wider audience, including those with dietary restrictions or preferences. Flavor innovation has also played a crucial role, with companies introducing a variety of bold and unique flavors such as teriyaki, sriracha, barbecue, and exotic spices to attract adventurous eaters. Furthermore, clean-label and natural ingredient trends are influencing product development, with consumers showing a preference for jerky snacks that are free from artificial additives and preservatives and high in natural ingredients, thus aiding the market demand.
