The global protein snacks market size is expected to reach USD 8.93 Billion at a revenue CAGR of 10.1% in 2030, according to latest analysis by Emergen Research. The market revenue growth can be attributed to the fact that there is a rising preference for healthy snacking among customers. As protein snacks offer important benefits including contentment and energy hence, high-protein savory snacks are fulfilling the demand from consumers for healthy protein in savory forms. People spent more time at home during the shutdown which increased their consumption of savory snacks that were in high demand in 2020.
Nuts, seeds, and trail mixes are a few goods that cater to customers demand for savory snacks with protein. For instance, fortified additions, such as Glanbia's CrunchieTM MilkProteinBites, can increase the protein content of trail mixes while adding a crunchy texture. Meat bars, such as those made popular in the U.S. by Epic and Krave, are similarly positioned to fill this demand. These single-serve, on-the-go snacks offer a filling, flavorful substitute for common protein bars. All these factors are driving demand for savory protein snacks and hence, driving market revenue growth.
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Apart from this, companies operating in the protein snacks market are focusing on the adoption of strategic developments with marketing companies and social media influencers for creating a brand image with content focused on developing snacks for customers in developing countries. Parents are indulging their children with protein bars, yogurt, protein drinks, granola, and others that act as supplements for playschools. This evolving customer choice of protein snacks has also paved the way for revenue growth of the market. However, the market for protein snacks is highly fragmented owing to which there is an emergence of various local manufacturers across the globe. These manufacturers are providing protein snacks at comparatively cost-effective rates which are imposing strong competition for global players.
The Protein Snacks Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Protein Snacks Market. The report offers in-depth research and assessment of the key elements of the global Protein Snacks Market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Protein Snacks Market.
Emergen Research has segmented the global protein snacks market based on product type, sales channel, and region:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Protein Bars
Protein Cookies
Protein Flakes
Jerky
Granola
Yogurt
Protein Drinks
Others
Sales Channel Outlook (Revenue, USD Billion; 2019-2030)
E-Commerce
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
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Competitive Terrain:
The Global Protein Snacks Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The key players studied in the report are
Del Monte Foods, Inc, BG Foods, Inc., PepsiCo, Hormel Foods Corporation, Unilever, Kellogg Co., Nestlé, Danone, Monsoon Harvest, Tyson Foods, Inc., and Clif Bar Company.
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Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
Study of the global Protein Snacks market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Protein Snacks market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Protein Snacks market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Protein Snacks market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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