Global Protein Snack Market Size By Product Type, By Protein Source, By Distribution Channel, By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Protein Snack Market size was valued at USD 98.48 Billion in 2023 and is projected to reach USD 145.33 Billion by 2030,growing at a CAGR of 6.7% during the forecast period 2024-2030.
The Protein Snack Market encompasses the provision of convenient, protein-rich food options that cater to the needs of consumers during emergency situations. These snacks are designed to offer sustenance, energy, and nutrition in times of crisis, such as natural disasters, emergencies, or situations where access to regular meals is limited. Emergency protein snacks typically come in compact, portable packaging, allowing for easy storage, transportation, and consumption, even in challenging environments. They serve as essential provisions for emergency preparedness kits, rescue operations, outdoor activities, and other scenarios where quick and convenient access to protein-rich sustenance is vital.
Global Protein Snack Market Drivers
The market drivers for the Protein Snack Market can be influenced by various factors. These may include
Health & Wellness Trends Demand for protein-rich snacks has increased as a result of consumers’ growing knowledge of the value of protein in a balanced diet. Protein snacks are becoming more and more popular as a result of consumers looking for healthier substitutes for conventional snacks.
Fitness and Sports Nutrition Convenient, high-protein snacks that can promote muscle growth and recovery are in great demand due to the expanding fitness and sports nutrition sector. Protein snacks are a popular and easy way for fitness enthusiasts and athletes to get the recommended daily intake of protein.
Weight control It’s common knowledge that eating snacks high in protein will help you feel filled for longer, which can aid with weight management. Snackers that combine nutrition and fullness are becoming more and more popular as obesity rates climb around the world.
Easy Living and Always-On Lifestyles The rise in popularity of protein snacks can be attributed to busy lifestyles and the demand for easily transportable and quick snacks. For customers seeking a quick and simple snack choice, protein bars, smoothies, and other portable options are convenient.
Innovation and Product Development To satisfy customer needs, businesses are continuously innovating and creating new protein snack products. To cater to a diverse range of tastes and nutritional needs, this involves introducing novel flavors, forms, and ingredients.
Retail and Distribution Channels The popularity of protein snacks has been aided by their availability in a variety of retail settings, such as convenience stores, supermarkets, and online marketplaces. Increasing accessibility and exposure has simplified the process for customers to buy protein snacks.
Marketing and branding The market for protein snacks has grown significantly as a result of the application of strong marketing and branding techniques. To draw customers, businesses frequently highlight the ease and health advantages of their products.
Dietary Trends As more people adopt low-carb, keto, and paleo diets, there is a greater need for high-protein snacks that fit these lifestyles. Businesses are responding to these trends by providing goods that fit into these diets.
Global Protein Snack Market Restraints
Several factors can act as restraints or challenges for the Protein Snack Market. These may include
High Competition There are many competitors in the market offering comparable items, which causes price wars and pressure on profit margins.
Health Concerns Although protein snacks are becoming more and more popular, some customers are still worried about the potential health effects of eating a high-protein diet, which could restrict market expansion.
Allergies and Intolerances Protein snacks may not be as appealing to customers with allergies or intolerances because they frequently contain allergens like soy, dairy, and nuts.
Perishability A lot of protein snacks have a limited shelf life, which can cost producers and merchants more money and result in waste.
Regulatory Obstacles Businesses in the protein snack sector may encounter difficulties adhering to the many laws governing food safety, labeling, and advertising.
Concerns about sustainability As the need for sustainability grows, businesses are under more pressure to utilize sustainable packaging and products, which may result in higher costs.
Restricted Innovation Although the market for protein snacks is expanding, there might be a limit to how innovative things can get in this space, which could impede expansion.
Global Protein Snack Market Segmentation Analysis
The Global Protein Snack Market is Segmented on the basis of Product Type, Protein Source, Distribution Channel, And Geography.
Protein Snack Market, By Product Type
Protein bars Various bars using different ingredients and protein sources (whey, soy, pea, nuts, seeds)
Jerky Dried, cured meat snacks high in protein (beef, turkey, chicken)
Trail mix Combinations of nuts, seeds, dried fruit, and other ingredients, often high in protein
Roasted chickpeas Healthy, protein-rich snack made from roasted and seasoned dried chickpeas
Bean curd products Plant-based protein source used in snacks like tofu scramble, pudding, and salad
Milk products High-protein, calcium-rich snacks like Greek yogurt and cottage cheese
Independent retailers Health food stores, natural grocery stores
Online retailers Amazon, Vitacost
Protein Snack Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Protein Snack Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Protein Snack Market are
Nestle S.A.
Kellogg’s Co.
PepsiCo Foods
General Mills
Mondelez International
Mars, Incorporated
Abbott Nutrition
Quaker Oats Company
The Hershey Company
Unilever
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
UNIT
Value (USD Billion)
Key Companies Profiled
Nestle S.A., Kellogg’s Co., PepsiCo Foods, General Mills, Mondelez International, Abbott Nutrition, Quaker Oats Company, The Hershey Company
Segments Covered
By Product Type, By Protein Source, By Distribution Channel, And By Geography.
Customization Scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Analyst’s Take
So, what's the deal with protein snacks? Well, they're getting more popular! People are starting to realize how important it is to be prepared for emergencies, and are worried about whether they'll always have enough to eat. Plus, more and more folks are getting into hiking, climbing, and other outdoor adventures. On top of that, the pandemic has really boosted the demand for easy, protein-packed snacks that can sit on a shelf for a while – you know, just in case. Basically, people want healthy, nutritious, and convenient food. That's why companies are coming up with all sorts of cool new emergency protein snacks to fit different diets and needs. With better packaging, ways to get the snacks to you, and new recipes, the Protein Snack Market is expected to keep growing. This means lots of good chances for everyone involved, from the folks who make the snacks to the people who sell them.
Research Methodology of Market Research
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Reasons to Purchase this Report
We dig deep into the market, looking at both the money side and the human side, by breaking it down into different groups. You'll get the market value (in USD Billion) for each of these groups and subgroups. We'll point out which region and group we think will grow the fastest and be the biggest. We'll also analyze how the product/service is used in each region, highlighting what's impacting the market there. Our competitive landscape section ranks the major players and covers what they've been up to in the last five years – new stuff they've launched, partnerships, expansions, and acquisitions. Plus, we've got detailed company profiles, including an overview, insights, product comparisons, and a SWOT analysis for the main players. You'll also get our take on where the market is now and where it's headed, considering recent changes (like growth chances, what's driving things, and what's holding them back in both new and established areas). We use Porter's five forces analysis to really understand the market from different angles and give you a look at the market's Value Chain. Finally, we'll lay out the market dynamics and where we see growth opportunities in the future. Oh, and you get 6 months of analyst support after you buy it!
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