Emphasis on Product Type (Jerky, Sausage, Meat Chips, and Others); Meat Type (Chicken, Pork, Beef, and Others); Technology (Freeze Dried, Hot Air-Dried, and Others); and Region/Country
The dehydrated meat products market was valued at approximately ~USD 862.3 million in 2023 and is expected to grow at a strong CAGR of around 4.7% during the forecast period (2024-2032) owing to the rising demand for convenient and shelf-stable foods globally.
The market for dehydrated meat products has experienced tremendous growth for the simple fact that most customers would prefer to buy processed food that can easily be handled and also its protein quality. The market also encompasses different types of meat products including beef jerky, turkey jerky, biltong, and other products of convenience foods this is due to the increased demand for convenience foods. Some of the factors that have driven this growth include health consciousness which has increased the demand for protein and low carbohydrate products, diversification of the products available in the market, and changes in the form, flavors, and formulations. Notably, the market is properly developed in North America as compared to other regions and countries and it has a higher per capita consumption level than some of the prominent market players.
This section discusses the key market trends that are influencing the various segments of the dehydrated meat products market, as identified by our team of research experts.
The Hot Air-Dried Segment Transforming Industry
The dehydrated meat product market has seen steady growth in the hot air-dried segment due to following the concepts such as cost-effective and easily implementable as compared to the other drying techniques. Hot air drying on the other hand involves the use of heated air that blows on the meats with a view of eliminating moisture and this type of drying makes the product retain major ingredients such as flavor and nutrients. This method is mostly preferred due to its high adaptability for use in large production lines as is common in manufacturing industries. Also, consumers shifting towards various ways of getting protein and seeking value-added convenient foods, long shelf-life meat snacks boosted the market of hot air-dried products. Concerning the drying methodology, hot air drying remains pivotal when manufacturing dehydrated meat because this technology is efficient and enables the production of a broad range of meat products at reasonable costs. This segment is believed to sustain its growth rate because on the one hand, it caters to the requirements of price-sensitive customers and on the other hand, it provides food to the huge food-serving industries.
North America held a significant share of the market in the year 2023
North America’s dehydrated meat products have also expanded with factors like time constraints, awareness levels, and the need for more protein, translated into portable meat products. The increase in the usage of portable and long-lasting meat products in the region due to the rising outdoor recreation including hiking and camping activities has also helped enhance the growth or development of the market. Newer advances in dehydration technologies and the addition of superior and high-end varieties have also helped the market to grow. Also, the increase in protein intake occurring in parallel with concerns about the consumption of red meat and poultry has expanded the consumer’s choice of different dehydrated meat products with the help of online stores and retail chains. According to the consumer habits observed in North America, this thrifty and, at the same time, healthy food market will remain in a state of constant growth due to the constant improvement of new products and increasing consumer interest.
The dehydrated meat products market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Cargill, Incorporated; LINK SNACKS, INC.; Tyson Foods, Inc.; Stryve Biltong; Old Trapper Smoked Products; Country Archer Provisions; Hormel Foods Corporation; EPIC Provisions; FIELD TRIP SNACKS; and KRAVE PURE FOODS, INC.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Dehydrated Meat Products Market Revenue (usd Mn), 2022-2032f
7. Market Insights By Product Type
8. Market Insights By Meat Type
9. Market Insights By Technology
10. Market Insights By Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiles
14. Acronyms & Assumption
15. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the global dehydrated meat products market were the three major steps undertaken to create and analyze the adoption of dehydrated meat products in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global dehydrated meat products market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the dehydrated meat products market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the dehydrated meat products market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as product type, meat type, technology, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the dehydrated meat products market. Further, we conducted factor analysis using dependent and independent variables such as product type, meat type, technology, and regions of the dehydrated meat products market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the dehydrated meat products market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global dehydrated meat products market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were conso0lidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global dehydrated meat products market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of the product type, meat type, technology, and regions in the global dehydrated meat products market.
The current & future market trends of the global dehydrated meat products market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the dehydrated meat products market's current market size and growth potential?
Q2: What are the driving factors for the growth of the dehydrated meat products market?
Q3: Which segment has the largest share of the dehydrated meat products market by product type?
Q4: What are the emerging technologies and trends in the dehydrated meat products market?
Q5: Which region will dominate the dehydrated meat products market?
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