The global protein snacks market size is expected to reach USD 8.93 Billion at a revenue CAGR of 10.1% in 2030. 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.
The Global Protein Snacks Market research study published by Emergen Research is an extensive collection of insightful information about the Protein Snacks Market industry. The report covers the Protein Snacks Market segmentation along with a detailed outline of the Protein Snacks Market size with regards to volume and valuation. The report provides comprehensive coverage of the Protein Snacks Market scenario for the current period and forecast timeline of 2022-2030. The Protein Snacks Market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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, B&G Foods, Inc., PepsiCo, Hormel Foods Corporation, Unilever, Kellogg Co., Nestlé, Danone, Monsoon Harvest, Tyson Foods, Inc., and Clif Bar & Company.
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)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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