The latest research report by Emergen Research, named ‘Global Protein Snacks Market - Forecast to 2027’, entails a comprehensive review of the global Protein Snacks market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
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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Segmental Analysis
The global Protein Snacks market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Protein Snacks sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Segments Covered in this report are:
-
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 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.
Key Companies Profiled in the Report:
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
Report Highlights:
Besides offering a vivid depiction of the global Protein Snacks business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Global Protein Snacks Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Protein Snacks market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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