The global pork jerky market size was valued at $745.9 million in 2021, and is estimated to reach $1.40 Billion by 2031, registering a CAGR of 7.1% from 2022 to 2031. Pork jerky is a lean trimmed pork meat that are cut into strips and dried in order to prevent spoilage and extend its shelf-life. The rising demand for the animal protein-based snack among the health-conscious consumers is expected to boost the demand for the pork jerky owing to the high protein content of pork meat. The rising awareness regarding the health benefits of pork meat-based protein is driving the demand for the pork jerky among the consumers. Moreover, the rising health consciousness among the consumers and rising expenditure on healthy food is driving the demand for the organic pork jerky. The rising popularity of the savory snacks along with the Increasing consumption of ready-to-cook food among the millennials and Gen Z population is expected to propel the market growth during the forecast period.
The growing demand for ready-to-cook and ready-to-eat food products is fostering the growth of the pork jerky market. The busy and hectic lifestyle of the working-class population makes them want to spend minimum time on cooking. This factor is playing an essential role in the pork jerky market growth across the globe. The growing penetration of foodservice industry, fast food chains, hotels, restaurants, and cafes has significantly contributed towards the growth of the pork jerky industry.
Furthermore, a significant rise in the vegan population across the globe is providing new growth prospects to the manufacturers of pork jerky. It is estimated that around 1% of the global population is vegan and this number is rising rapidly. The major plant-based meat manufacturers like Beyond Meat are providing plant-based meat jerky to the consumers, which is expected to attract vegetarian and vegan consumers. The rising popularity of plant-based pork meat jerky is anticipated to be a major restraint for the pork jerky manufacturers in the near future.
According to the pork jerky market analysis, the market is segmented based on consumption, type, nature, and distribution channel. Based on the consumption, the market is segmented into food at home (FAH) and food away from home (FAFH). Both the FAH and FAFH segments are further bifurcated based on flavor into maple, sriracha applewood, pepper, and others. The others segment Includes flavors like sweet, spicy, Jalapeno, and others.
By type, it is segregated into spicy, sweet, salty, and savory. Based on its nature, the market is bifurcated into organic and conventional. Depending upon the distribution channel, the market is categorized into HoReCa (hotels, restaurants, and cafes), modern trade, independent groceries and retailers, and online sales. Region-wise, the pork jerky market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market 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.
The key players operating in the Pork Jerky Market Analysis Include- Buhler Group, Diedrich Manufacturing Inc., Genio Roasters, Giesen Pork Jerkys, Mill City Roasters, Nestle S.A., Panasonic, Roaster & Roaster, Toper, and U.S. Roaster Corp.
The growing demand for ready-to-cook and ready-to-eat food products is fostering the growth of the pork jerky market. The busy and hectic lifestyle of the working-class population makes them want to spend minimum time on cooking. This factor is playing an essential role in the pork jerky market growth across the globe. The growing penetration of foodservice industry, fast food chains, hotels, restaurants, and cafes has significantly contributed towards the growth of the pork jerky industry.
Furthermore, a significant rise in the vegan population across the globe is providing new growth prospects to the manufacturers of pork jerky. It is estimated that around 1% of the global population is vegan and this number is rising rapidly. The major plant-based meat manufacturers like Beyond Meat are providing plant-based meat jerky to the consumers, which is expected to attract vegetarian and vegan consumers. The rising popularity of plant-based pork meat jerky is anticipated to be a major restraint for the pork jerky manufacturers in the near future.
According to the pork jerky market analysis, the market is segmented based on consumption, type, nature, and distribution channel. Based on the consumption, the market is segmented into food at home (FAH) and food away from home (FAFH). Both the FAH and FAFH segments are further bifurcated based on flavor into maple, sriracha applewood, pepper, and others. The others segment Includes flavors like sweet, spicy, Jalapeno, and others.
By type, it is segregated into spicy, sweet, salty, and savory. Based on its nature, the market is bifurcated into organic and conventional. Depending upon the distribution channel, the market is categorized into HoReCa (hotels, restaurants, and cafes), modern trade, independent groceries and retailers, and online sales. Region-wise, the pork jerky market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market 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.
The key players operating in the Pork Jerky Market Analysis Include- Buhler Group, Diedrich Manufacturing Inc., Genio Roasters, Giesen Pork Jerkys, Mill City Roasters, Nestle S.A., Panasonic, Roaster & Roaster, Toper, and U.S. Roaster Corp.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pork jerky market analysis from 2021 to 2031 to identify the prevailing pork jerky market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pork jerky market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global pork jerky market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Spicy
- Sweet
- Salty
- Savory
By Consumption
- Food at home (FAH)
- Flavor
- Maple
- Sriracha
- Applewood
- Pepper
- Others
- Food away from home (FAFH)
- Flavor
- Maple
- Sriracha
- Applewood
- Pepper
- Others
By Distribution Channel
- HoReCa
- Modern Trade
- Independent Groceries and Retailers
- Online Sales
By Nature
- Organic
- Conventional
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Viet Nam
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Colombia
- Chile
- Rest Of LAMEA
Key Market Players
- The Meat Makers
- Conagra Brands, Inc.
- Beyond Meat
- GoBacon Jerky, LLC
- Big Fork Brands
- Wicked Cutz
- Link Snacks, Inc.
- Meat Maniac
- Fragrant Jerky (USA) Singapore-Style Fire-Grilled Jerky
- Premium Brands Holdings Corporation
- Three Squirrels Co., Ltd.
- Divine Bovine Jerky
- Tiki Hawaiian Gourmet Jerky
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PORK JERKY MARKET, BY CONSUMPTION
CHAPTER 5: PORK JERKY MARKET, BY TYPE
CHAPTER 6: PORK JERKY MARKET, BY NATURE
CHAPTER 7: PORK JERKY MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: PORK JERKY MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Pork Jerky Market,' The pork jerky market was valued at $745.90 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.The global pork jerky market demand is expected to witness a surge owing to the rise in consumption of savory snacks in the households. The higher protein content in pork meat and the easy to cook feature of pork jerky makes it a preferable snacking option among the household consumers. Further, the rise in household income, increase in at-home consumption of food, growth in the penetration of online grocery and food delivery platforms, and surge in penetration of HoReCa (hotels, restaurants, and cafes) in the developing nations are the prominent factors expected to drive the global pork jerky market growth during the forecast period.
The penetration of hotels, cafes, restaurants, supermarkets, and hypermarkets, which serves as the prominent distribution channels for pork jerky market, is experiencing rapid growth with rise in urbanization and surge in urban population. According to the United Nations, 60% of the global population is expected to live in urban areas by 2030, increasing from 55% in 2018. Therefore, rise in awareness regarding pork jerky and surge in urban population are the major factors expected to offer lucrative growth opportunities to the manufacturers of pork jerky in the developing economies. Moreover, the proliferation of cold storage technologies has significantly boosted the growth of the pork meat industry. The efficient cold storage facilities allow the movement of pork meat across the national borders, thereby supplying the sufficient volume of raw materials to the pork jerky manufacturers.
The use of blockchain technology in the animal meat industry is in its early stages. The use of blockchain technology ensures transparency, traceability, efficiency, and sustainability in the animal meat industry. The awareness regarding meat quality and traceability is growing in the meat industry and the use of blockchain technology can provide assurance related to meat quality and enhance traceability. JBS S.A. announced the ‘Together for the Amazon’ program in 2020, under which JBS would progressively use blockchain technology to achieve sustainability and conserve the rainforests of Amazon. Moreover, blockchain technology will assure the prevention of animal laundering and leakage in the value chain, improving the effectiveness and efficiency in the supply chain of the animal meat industry. This will help to reduce the production cost of pork jerky and foster the revenue growth of the market players.
According to the pork jerky market analysis, the global pork jerky market is segmented on the basis of consumption, type, nature, and distribution channel. By consumption, the market is divided into food at home (FAH) and food away from home (FAFH). Both the FAH and FAFH segments are further segmented based on flavor into maple, sriracha applewood, pepper, and others. The others segment includes flavors like sweet, spicy, Jalapeno, and others.
- By type, it is segregated into spicy, sweet, salty, and savory. By nature, the market is bifurcated into organic and conventional. By distribution channel, the market is categorized into HoReCa (hotels, restaurants, and cafes), modern trade, independent groceries and retailers, and online sales. Region-wise, the pork jerky market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
According to the pork jerky market trends, by type, the savory is expected to be the fastest-growing segment, growing at a CAGR of 7.8% during the forecast period. The growing demand for the animal protein among the non-vegetarian population and the changing taste and preferences of the consumers is expected to drive the demand for the savory pork jerky. The high protein content in the pork jerky along with the savory taste helps to provide necessary nutrition and helps in healthy aging. The rising demand for the healthy and nutritional snacks among the consumers is expected to boost the growth of the savory pork jerky segment in the global pork jerky industry.
As per the pork jerky market opportunity, based on nature, the organic segment is expected to witness the highest CAGR of 8.3% from 2022 to 2031. The rising health consciousness among the consumers and rising awareness regarding the negative impacts of chemical-based food products on health and environment are the major factors that are expected to boost the growth of this segment. According to the Organic Trade Association (OTA), in 2020, U.S. witnessed an all-time high sales of organic food products.
- Depending on the distribution channel, the modern trade segment dominated the market in terms of revenue in 2021. Modern trade includes all the organized retail formats such as hypermarkets, supermarkets, departmental stores, and mini-markets. The rising penetration of the organized retail sector in developing and underdeveloped economies is expected to boost the growth of the pork jerky market during the forecast period.
- Region-wise, the pork jerky market was dominated by North America, with 38.7% share in 2021, followed by Europe. The increase in popularity of fast-food chains, cafes, and hotels has significantly enhanced the growth of the processed meat market in North America and Europe. North American pork jerky market is anticipated to grow due to a surge in the working population, an increase in disposable income, and higher demand for ready-to-cook and ready-to-eat food products.
Key findings of the study
The pork jerky market size was valued at $745.9 million in 2021, and is estimated to reach $1,409.1 million by 2031, growing at a CAGR of 7.1% during the forecast period.- By consumption, the FAFH segment is estimated to witness the fastest growth, registering a CAGR of 7.8% during the forecast period.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $355.2 million by 2031, growing at a CAGR of 6.0% during the forecast period.
Companies Mentioned
- The Meat Makers
- Conagra Brands, Inc.
- Beyond Meat
- GoBacon Jerky, LLC
- Big Fork Brands
- Wicked Cutz
- Link Snacks, Inc.
- Meat Maniac
- Fragrant Jerky (USA) Singapore-Style Fire-Grilled Jerky
- Premium Brands Holdings Corporation
- Three Squirrels Co., Ltd.
- Divine Bovine Jerky
- Tiki Hawaiian Gourmet Jerky
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | May 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 745.9 million |
| Forecasted Market Value ( USD | $ 1400 million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
