Portland, OR, Nov. 10, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global pork jerky market generated $745.9 million in 2021, and is estimated to reach $1.4 billion by 2031, witnessing a CAGR of 7.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $745.9 Million |
| Market Size in 2031 | $1.4 Billion |
| CAGR | 7.1% |
| No. of Pages in Report | 250 |
| Segments Covered | Consumption, Nature, Type, Distribution Channel, and Region |
| Drivers | Rise in popularity of savory snacks among household consumers. |
| Increase in preferences for nutritional meat-based snacks among consumers. | |
| The ease and convenience associated with ready-to-cook pork jerky products and its longer shelf-life. | |
| Rise in demand for pork meat among lower-income households. | |
| Increase in urbanization. | |
| Rise in household income. | |
| Opportunities | Increase in popularity for organic pork meat and clean label products. |
| Restraints | Rise in adoption of veganism and stringent laws against animal cruelty. |
Covid-19 Scenario:
- The outbreak of the COVID-19 had a negative impact on the pork jerky market at the initial stage. There was a decrease in sales of pork jerky products due to the disruption of the supply chain and the reduction in the out-of-home consumption of food during the pandemic.
- However, the sales eventually increased when the government allowed home delivery of food items.
The report offers a detailed segmentation of the global pork jerky market based on consumption, nature, type, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on consumption, the food at home (FAH) segment was the largest in 2021, accounting for nearly three-fourths of the global pork jerky market share, and would rule the roost through 2031. However, the food away from home (FAFH) segment is estimated to witness the fastest CAGR of 7.8% during the forecast period.
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Based on nature, the conventional segment was the largest in 2021, capturing nearly 90% of the global pork jerky market, and would lead the trail through 2031. However, the organic segment is estimated to witness the fastest CAGR of 8.3% during the forecast period.
In terms of type, the spicy segment captured the largest market share of one-third of the global pork jerky market in 2021, and is expected to lead the trail during the forecast period. The savory segment, however, is likely to achieve the fastest CAGR of 7.8% through 2031. The report also includes the spout segment.
In terms distribution channel, the modern trade segment captured the largest market share of more than two-fifths of the global pork jerky market in 2021 and is likely to maintain a noteworthy growth during the forecast period. However, the online sales segment is likely to achieve the fastest CAGR of 8.3% through 2031.
Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global pork jerky market share, and is likely to maintain its leadership status during the forecast period. Moreover, the market in the Asia-Pacific region is expected to manifest the highest CAGR of 9.2% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.
Leading players of the global pork jerky market analyzed in the research include GoBacon Jerky, LLC., Conagra Brands, Inc., The Meat Makers, Divine Bovine Jerky, Wicked Cutz, Big Fork Brands, Meat Maniac, Premium Brands Holdings Corporation, Three Squirrels, Beyond Meat, Fragrant Jerky, Link Snacks, Inc., Tiki Hawaiian Gourmet Jerky, Organic Jerky Co., and Oberto Specialty Meats.
Access the Statistical Data and Graphs, Key Players Strategies: https://bit.ly/3DVIplR
The report analyzes these key players of the global pork jerky market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
