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How Big is the Jerky Market?

Published in Food Market Size 1 min read

The global jerky market is a substantial and growing industry, valued at USD 4.45 billion in 2023. It is projected to continue its expansion significantly over the next decade.

Current Market Valuation and Future Projections

The jerky market demonstrates robust growth, driven by increasing consumer demand for convenient, high-protein snacks. From its valuation in 2023, the market is set to achieve considerable expansion.

Here's a breakdown of the market size and projections:

Year Market Size (USD Billion)
2023 4.45
2024 4.81
2032 7.69

The industry is forecast to grow from USD 4.81 billion in 2024 to an estimated USD 7.69 billion by 2032. This indicates a strong upward trend, supported by a compound annual growth rate (CAGR) of 6.04% during the forecast period (2024 - 2032).

Understanding Market Growth

The consistent growth in the jerky market reflects evolving consumer preferences. Jerky is widely recognized for its portability, long shelf life, and nutritional profile, making it a popular choice for athletes, outdoor enthusiasts, and individuals seeking quick, protein-rich sustenance. The market's upward trajectory is a clear indicator of its increasing penetration into mainstream snacking habits worldwide.