The purpose of this study is to define, segment, and project the size of the Protein Snacks Market based on the type of firm, product, application, and important geographical areas.

The research provides detailed data on the market's pricing, capacity, value, gross profit, and costs. The report's main objective is to provide comprehensive information on market size, revenue growth, and general market dynamics to readers, stakeholders, and businesses so they can increase their market share in the global Protein Snacks Market.

The size of the global market for protein snacks is anticipated to reach USD 8.93 billion in 2030, with a revenue CAGR of 10.1%. The rise in consumer preference for healthy snacks might be ascribed to the market's increase in income. High-protein savoury snacks are supplying the demand from customers for healthy protein in savoury forms since protein snacks provide significant benefits like contentment and energy. 

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During the closure, people spent more time at home, which led to an increase in their consumption of savoury snacks, which were quite popular in 2020. Among the products that satisfy consumer need for savoury snacks with protein are nuts, seeds, and trail mixes. For instance, fortified additions can boost the protein level of trail mixes while introducing a crunchy texture, like Glanbia's CrunchieTM MilkProteinBites. Similarly positioned to meet this demand are meat bars, such those made popular in the United States by Epic and Krave. These single-serve, portable snacks provide a tasty and filling alternative to typical protein bars. These variables collectively are boosting consumer demand for savoury protein snacks and, consequently, market revenue growth.

In view of the current COVID-19 pandemic, the growth of the Protein Snacks industry is expected to be significantly affected, especially due to movement restrictions and lockdowns affecting supply and demand. There has been a significant impact of the COVID-19 pandemic on several sectors of the global market. The Protein Snacks sector is expected to be affected too. The economic slowdown and dynamic changes in the demands will also adversely affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Protein Snacks industry.

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.

Companies profiled in the global Protein Snacks market:

Del Monte Foods, Inc, BG Foods, Inc., PepsiCo, Hormel Foods Corporation, Unilever, Kellogg Co., Nestlé, Danone, Monsoon Harvest, Tyson Foods, Inc., and Clif Bar Company

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Market Scope:

One of the report’s central components is the broad Protein Snacks market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.

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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Major Geographies Analyzed in the Report:

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)

The report addresses the following key points:

The report estimates the expected market size from 2022-2030

The report provides a forecast of market drivers, restraints, and future opportunities for the Protein Snacks market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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