Global Plant Based Jerky Market, By Source (Soy, Wheat, Pea, Mycoprotein, Gluten, Others), Type (Tofu, Tempeh, Quorn, Mushroom, Seitan, RTC/RTE, Natto, Others), End User (Households, Food Industry, HoReCA), Distribution Channel (Direct, Indirect), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Plant Based Jerky Market
The plant based jerky market is expected to witness market growth at a rate of 5.5% in the forecast period of 2022 to 2029 and is expected to reach USD 0.87 million by 2029. Data Bridge Market Research report on plant based jerky market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the concerns about animal cruelty is escalating the growth of plant based jerky market.
Traditional Jerky are the jerkies that are made from the flesh of animals such as chickens, cows, and turkeys. Meanwhile the plant based jerky are known to be the jerky which comprises a mixture of mushrooms, wheat gluten, or soy. Plant based jerky have some qualities that are similar to conventional jerky including the chewy and “meaty” texture and taste. They are also high protein content and possesses low calorie.
Major factors that are expected to boost the growth of the plant based jerky market in the forecast period are the increase in the vegan and growing population around the globe. Furthermore, the rising knowledge related to the health advantages provided by plant-based meat over animal meat is further anticipated to propel the growth of the plant based jerky market. Moreover, the initiatives taken by the government and the growing consumption of soy-based meat due to similar texture & flavour as meat is further estimated to cushion the plant based jerky market. On the other hand, the growing cost of plant-based meat comparatively to the traditional meat and the rise in the population that are allergic to plant-based meat sources including soy and wheat are further projected to impede the growth of the plant based jerky market in the timeline period.
In addition, the suitable marketing and correct positioning of plant-based meat and the substitute solutions to meet the rising need for animal meat products will further provide potential opportunities for the growth of the plant based jerky market in the coming years. However, the discernment related to the taste of plant-based meat products might further challenge the growth of the plant based jerky market in the near future.
This plant based jerky market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on plant based jerky market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Plant Based Jerky Market Scope and Market Size
The plant based jerky market is segmented on the basis of source, type, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the plant based jerky market is segmented into plant, soy, wheat, pea, mycoprotein, gluten and others.
- On the basis of type, the plant based jerky market is segmented into tofu, tempeh, quorn, mushroom, seitan, RTC/RTE, natto and others.
- On the basis of end user, the plant based jerky market are segmented into meat processing, households, food industry and HoReCA.
- On the basis of distribution channel, the plant based jerky market are segmented into direct and indirect.
Plant Based Jerky Market Country Level Analysis
The plant based jerky market is analysed, and market size, volume information is provided by country, source, type, end user and distribution channel as referenced above.
The countries covered in the plant based jerky market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the plant based jerky market due to the rise in the consumption of meatless meat products. Furthermore, the growing consumer knowledge related to the potential risk of consuming contaminated meat foods will further boost the growth of the plant based jerky market in the region during the forecast period in the region during the forecast period. Europe is projected to observe significant amount of growth in the plant based jerky market due to the encouraging consumer outlook on vegetarian and vegan-meat products. Moreover, the strict regulations against animal cruelty is further anticipated to propel the growth of the plant based jerky market in the region in the coming years.
The country section of the plant based jerky market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Based Jerky Market Share Analysis
The plant based jerky market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plant based jerky market.
Some of the major players operating in the plant based jerky market are Blue Diamond Growers, Nestlé, PRIMAL SPIRIT FOODS, INC., Maple Leaf Foods., LOUISVILLE VEGAN JERKY COMPANY., General Mills Inc., Unilever, Eat Natural, Eat Real, Quorn, Oumph! & LIVEKINDLY, Uptons Naturals, Conagra, Inc., Kellogg NA Co., Amy’s Kitchen, Inc., Tofurky, Planterra Foods, The Meatless Farmamong others.
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