Global jerky snacks market, which was worth USD 4.4 billion in 2021 is expected to accrue a valuation of USD 6.93 billion by 2028 while registering a decent CAGR of 6.70% throughout the forecast period.

Industry Snapshot:

• Rising consumer inclination toward nutritious snacks is a prominent factor fueling market growth.
• Increasing demand for nutrient-filled snacks inclusive of iron, B vitamins, etc. with a variety of flavors is propelling market expansion during 2022-2028.
• Surging popularity of gluten-free, low salt, and minimally processed items are new trends that are facilitating the progress of the business sphere.
• The advent of online shopping along with the widespread usability of smartphones have widened distribution mediums, thus effectively improving the profitability graph for global jerky snacks market in the forthcoming years.
• However, unhealthy diet plans in tandem with the risk of weight gain may limit the scope of market growth through the analysis timeframe.

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Segmental overview:

Product Type	Poultry
	Pork
	Beef
	Others
Distribution Channel	Online
	Offline
Regions	Europe
	Asia Pacific
	North America
	Latin America
	Rest of the World

 

Window to the future:

• The beef product segment has been dominating global jerky market revenue over the past few years and is likely to showcase tremendous growth during the estimated period, solely on the basis of qualities such as being affordable, flavorsome, and convenient to consume. In addition, beef based jerky snacks are known to be more filling and can easily supplement any meal.
• The online distribution channel segment of worldwide jerky snacks market has been accruing the largest revenue margin over the past few years and is expected to retain its dominance during the forecast period, due to its role in benefitting small businesses in expanding their clientele.
• North America currently contributes a significant portion to overall market remuneration and is poised to record substantial growth during the assessment timeframe.
• Europe market is anticipated to progress at a decent pace during 2022-2028, owing to the surging demand for protein-rich snacks along with widespread awareness about adopting a healthy lifestyle.

 

Explainer:

The Meatsnacks Group, The Hershey Company, Frito-Lay North America Inc., Conagra Brands Inc., Oberto Snacks Inc., General Mills Inc., Link’s Snacks Inc., Tillamook Country Smoker, Old Trapper Beef Jerky, and Chef's Cut Real Jerky Co. among others are the key players in global jerky snacks industry.

Concluding lines:

Market researchers collect and examine information about consumers, rivals, and distributors to aid companies in expanding their regional foothold. MarketStudyReport has a report titled ‘Global Jerky Snacks Market Size study, by Product (Beef, Pork, Poultry, Others) by Distribution Channel (Online, Offline) and Regional Forecasts 2022-2028)’, which focuses on the key developments, potential expansion opportunities, and difficulties in this sector. This report is created following a thorough examination and offers all the details needed by companies working in this industry.