The latest report titled Global Protein Snacks Market contains an in-depth analysis of the fundamental parameters contributing to the global Protein Snacks Market scenario. This research report offers readers an in-depth interpretation of the dynamics of the Protein Snacks Market, including key drivers, opportunities, threats, and challenges. The report also briefly discusses key business strategies, supply-demand ratios, key regions, prominent market players, and offers a future outlook for the overall Protein Snacks market industry.
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.
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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.
Competitive Outlook:
The global Protein Snacks market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Protein Snacks market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies operating in the global market include 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.
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Emergen Research has segmented the global protein snacks market based on product type, sales channel, and region:
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Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Protein Bars
- Protein Cookies
- Protein Flakes
- Jerky
- Granola
- Yogurt
- Protein Drinks
- Others
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Sales Channel Outlook (Revenue, USD Billion; 2019-2030)
- E-Commerce
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
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The report aims to provide a complete analysis of the global Protein Snacks market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Protein Snacks market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
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