Grassfed Jerky Market to Register Over 8% CAGR during 2021 - 2031
The demand for grassfed meat and related products including jerky has significantly risen in the recent past. The rise in meat consumers who prefer organic and natural food products are also concerned about the origin of their feed which has elevated the demand for grassfed jerky. Fact.MR projects that the market for grassfed jerky at over 8% CAGR during the forecast period, 2021-2031.
How Growing Consumption of Organic Protein-food is driving the Grassfed Jerky Demand?
Consumers’ focus has been shifting from carbohydrate-rich foods to food that is rich in protein. Grassfed jerky is being used as a snack food that is rich in protein.
Besides, the addition of preservatives is not required in grassfed jerky as the whole moisture content is supposed to be kept to 2% only according to the government guidelines for jerky. This reduces the chances of grassfed jerky being spoilt by microbial contamination even without preservatives. Also, the salt added to it is known to avoid bacterial contamination and acts as a preservative. This is thus termed as a healthy snack and is thus in high demand.
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How Surge in Demand of Lamb Jerky expected to Register Notable Growth?
Lamb and goat constitute low share of the global grassfed jerky demand, however, its demand is increasing at a rapid pace. One of the key exporters of grassfed sheep Oceania, exporting nearly 30% of sheep imports of Europe. Oceania accounts to nearly 70% of the global lamb exports in which share of New Zealand is nearly 44% of the trade.
Middle East and Africa is one of the largest grassfed sheep and goat meat consumers as regarded by halal tradition. Moreover, according to Ministry of Business, Innovation and Employment (MBIE), the market of grassfed sheep meat is expected to grow at a CAGR of 3% in upcoming years.
How Labeling and Branding are a Significant Driver for Grassfed Jerky Demand?
Grassfed jerky brands often label the grassfed meat with properties like Non-GMO, organic and grassfed and certification approvals like kosher and halal that attracts more consumer and affects their willingness to pay a premium price. Labeled grassfed jerky demand has a significant portion of 1/4th in the U.S.
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How is Rising Demand for Halal Certified Meat Expected to Augment Grassfed Jerky Revenue?
Over last decade halal grassfed meat has emerged out as a significant market, especially in Middle East region. Companies and ranches are now labeling their meat with halal certification to enter in the Middle East market. In 2019, overall halal meat and poultry demand was nearly 4X of the general grassfed beef category. These statistics also stand similar for grassfed jerky, although they are consumed less in the region.
Why Higher Cost of Supply Chain Maintenance Elevates Price of Final Grass Fed Jerky Brands?
Grassfed jerky is a premium product which is directly related to two notable factors in its supply chain. The first being inventory management logistics which includes expenditures made to store meat while shipping the carcasses to different locations around the world.
While, the other includes diversified customer demands to sell entire meat that will remunerate for additional costs of freights, for which retailers often charge 12-25% commission, which is almost double than conventional jerky.
In the U.S., nearly 80% of the grassfed meat is imported due to the high cost associated with the local grassfed beef due to lower herd head count. While regions where the production of grass-fed meat is quite economic like Argentina, Brazil and Uruguay due to availability of pasture land and environment, the post farm gate prices are likely to be high due to lower volume.
However, this situation can be surpassed due to rising demand in HoReCa and food processing industries who demand higher volumes of meat from farmers leading to economies of scale.
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Why Millennials Are Turning as Potential Customers for Grassfed Jerky?
While in recent years animal sustainability is a rising concern among the consumers and with lift in animal welfare has thrived among customers as they are concerned about how animals are raised in farms. According to a study conducted by Power of Meat 2019, nearly 56% of the millennials are likely to buy food with label “Grassfed” creating a potential demand for companies to label their product.
Millennials are amongst the generations that spend heavily on food with health benefits. Moreover the information access has enabled this generation to avail niche products such as grassfed jerky near to them. Millennials’ willingness to pay premium price for grassfed jerky makes them the potential customer for this market.
How Covid-19 has Impacted Global Grassfed Jerky Market?
Covid-19 has affected trade of livestock and meat across the borders owing to its zoonotic category. The key producers of grassfed jerky including the U.S. and Brazil had to consume their buffer stocks within the country during the first two months since the onset of pandemic.
The meat market as a whole and grassfed meat in particular have also faced impact of crisis as the demand was observed to shrink in January and February 2020 as compared the demand during these months in 2019. In February 2020, New Zealand has seen nearly 40% fall in meat import from China, while according to USDA demand for beef and veal from China has fallen by nearly 10% in January 2020.
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How is Growing Numbers of Grassfed Jerky Producers Elevating Competition in the Market?
Global grassfed jerky market has a fragmented structure. Some of the key players and brands in grassfed jerky market include
- Country Archer
- Karl Family Farms
- U.S. Wellness Meats
- Field Trip
- Homegrown Meats
- Lorissa’s Kitchen
- Mighty Organic
- The New Primal
- Paleo Ranch
- Person Ranch
- Think Jerky
- Thousand Hills.
Country Archer offers their grassfed jerky in different packaging formats and categories including Original beef jerky, Mango Habanero beef jerky, Teriyaki beef jerky, Hatch Chile beef jerky, Jalapeno beef jerky, Fuego beef jerky, Jerky sampler pack, road trip variety pack, zero sugar classic beef jerky, zero sugar mustard BBQ beef jerky, Zero sugar spicy sesame garlic beef jerky, Keto Starter Kit, among others.
On the other hand, Karl Family Farms offers their grassfed jerky in formats including bee sting beef jerky, original beef jerky, original beef bites, chili and lime beef bites, Jalapenp pork sticks, Sea salt beef sticks, and meat snack sampler.
Grassfed jerky Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of Grassfed Jerky Market:
The global grassfed jerky market is distributed based on its type, pack size, variant, end user, sales channel and regions.
Based on Type:
- Grassfed Beef Jerky
- Grassfed Pork Jerky
- Grassfed Goat and Lamb Jerky
Based on Packag Size:
- Less than 25 oz
- 25 – 30 oz
- 35 oz and above
Based on Variant:
- Original Grassfed Jerky
- Jalapeno Grassfed Jerky
- Chili and Lime Grassfed Jerky
- Sea Salt Grassfed Jerky
- Mustard BBQ Grassfed Jerky
- Other Variants
Based on End User
- Household Consumption
Based on Sales Channel
- Modern Trade
- Convenience Stores
- Snacks Outlets
- Online Retail
- Other Sales Channels
Based on geographic regions, grassfed jerky market is segmented as follows:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Oceania
- Australia and New Zealand (ANZ)
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Other Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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