According to a new report published by Allied Market Research, 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 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
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
By Region
- North America
- 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