Protein Snacks Market Worth $9.14 Billion by 2030 – InsightAce Analytic Exclusive Report

Protein Snacks Market Insights

Protein Snacks Market Segment

Protein Snacks Market Segment

The global protein snack market is expected to reach over USD 9.14 billion by 2030, growing at a CAGR of 11.15% during the forecast period

Major Players of Protein Snacks Market: Del Monte Foods, Inc, B&G Foods, Inc., PepsiCo., Hormal Foods Corporation, Unilever, Kellogg Co., Nestlé, Danone, Monsoom Harvest Tyson Foods »

— Insightace analysis

NEW JERSEY, NJ, USA, October 12, 2022 /EINPresswire.com/ — The recently released report titled “Global Protein Snacks Market By Product Type (Protein Bars, Protein Cookies, Protein Flakes, Beef Jerky, Granola, Yogurt, Protein Frinks, and Others), Sales Channel (E-Commerce, Hypermarkets/Supermarkets, Convenience Stores, and Specialty Stores) – Trends, Competitor Analysis Analysis, Covid-19 Analysis, Revenue (USD Billion) and Forecast to 2030.” from InsightAce Analytic Pvt. Ltd. presents detailed industry analysis and in-depth market research, exploring its important factors.

The Global protein snack market is expected to reach over USD 9.14 billion by 2030, growing at a CAGR of 11.15% during the forecast period.

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A variety of high-quality protein sources, such as protein-enriched seeds and lentils, as well as animal sources, including poultry, fish, beef, and lentils, can be used to make high-fat snacks. proteins. The main health benefits of excessive consumption are rapid and sustained weight loss, improved blood sugar levels and reduced risk of hypertension. Demand for protein snacks is expected to increase as consumers become aware of how eating unhealthy food products contributes to the development of chronic health conditions including obesity and heart disease. The market availability of plant-based and animal-based protein snacks that accommodate the dietary preferences of different populations is also expected to accelerate the acceptance of protein snacks. Protein snacks are expected to significantly increase their market share as they have anti-aging qualities and provide energy for the elderly. Demand for protein snacks is expected to increase further in the coming months as millennial customers’ preference for items made from natural and organic ingredients and with the highest nutritional value increases.

Key Players of Protein Snacks Market:
Del Monte Foods, Inc.
B&G Foods, Inc.
PepsiCo.
Hormal Foods Corporation
Unilever
Kellogg Co.
Nestle
Danone
Monsoom Harvest Tyson Foods, Inc.
Clif Bar & Company

Market dynamics:
Drivers-
Protein bars are a new emerging food that has gained popularity as a nutritional supplement. Due to the muscle-building potential of its main ingredient, protein, this simple, ready-to-eat protein source is gaining popularity among fitness-conscious groups. It is considered an appropriate post-workout snack after gym activities, athletic personnel, and people engaged in heavy work requiring vigorous physical exercise. Athletes and weightlifters need protein to maintain energy levels and improve performance. As a result, the increased global adoption of fitness activities is expected to drive product demand.

Challenges:
Protein cookies, protein powders, protein smoothies, and protein-infused drinks are just a few of the protein supplementation alternatives currently on the market. Other items, such as multivitamin bars and other snack bars that provide essential nutrients, are also accessible in the market, which is expected to hamper the expansion of the market. Also, consumer awareness of the adverse health effects of artificial sweeteners and hydrogenated fats in the product is expected to reduce the demand for the products.

Regional trends:
The North American protein snacks market is expected to register a large market share in terms of revenue and is expected to grow at a high CAGR shortly. The demand for protein snacks in the United States is expected to increase as consumer attention shifts to eating healthy snacks to avoid the health risks associated with excessive unhealthy snacking. Convenience stores are collaborating with delivery companies to expand their online presence. Sales of protein snacks are expected to increase as manufacturers showcase their product lines on e-commerce sites other than retail establishments to reach a wider global audience and increase consumer awareness of the products’ benefits. Additionally, Asia-Pacific held a substantial share of the protein snack market. Sales of protein snacks are expected to increase in this region due to increased awareness of the benefits of healthy snacks and the influence of western lifestyle. Protein snacks are expected to grow in popularity due to ongoing research and development efforts to improve the flavor and texture of protein-based food products while keeping prices low.

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RECENT DEVELOPMENTS:
• In August 2021, Think!, a brand of Glanbia Nutrition, expanded its line of keto protein bars by adding two new flavors: Chocolate Mousse Pie and Chocolate Peanut Butter Cookie Dough.
• In June 2021, RXBAR, a Kellogg company, launched its first plant-based snack. RXBAR Plant contains 10 grams of protein and uses pea and almond protein instead of the brand’s signature egg white protein.

Protein Snacks Market Segmentation
By product type-
• Protein bars
Protein cookies
• Protein flakes
• Jerky
• Granola
• Yogurt
• Protein drinks
• Others
By sales channel-
• E-commerce
• Hypermarkets/ Supermarkets
• Convenience stores
• Specialty stores
By region-
North America-
• United States
• Canada
• Mexico
Europe-
• Germany
• Great Britain
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia-Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East and Africa-
• GCC countries
• South Africa
• Rest of the Middle East and Africa

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Priyanka Tilekar
Insightace Analytical Pvt. ltd.
+1 551-226-6109
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