High Protein Snacks Market

SKU: DM2303 | Last Updated On: Aug 03 2022 | Available Formats

> High Protein Snacks Market Expected to reach a high CAGR by 2029: DataM Intelligence

High Protein Snacks Market is segmented By Type (Protein Bars and Balls, Breakfast Cereals, Bakery Snacks, Processed Meat Snacks, Others), By Source (Animal-based, Plant-based), By Distribution Channel (E-Commerce, Supermarkets & Hypermarkets, Specialty Stores, Retail-Stores, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

High Protein Snacks Market Growth Drivers Insights

The Global High Protein Snacks Market is expected to grow at a high CAGR 4.9% during the forecasting period (2022-2029). High protein snacks are value-added snacks infused with protein sourced from plant-based such as protein-enriched seeds and lentils or animal-based sources such as poultry, fish, beef, and many others. Overconsumption's key health-related advantages include accelerated and sustained weight loss, improved blood glucose levels, and decreased risk of developing hypertension. According to the USDA study, an average American consumes more than 2.2 snacks per day and acquires one-quarter of calories through snacks. These high-protein snacks after exercising can replace stored energy and speed up muscle recovery.

Market Dynamics:

Increasing population penetration attracted to healthier lifestyles and growing communities attending gyms led to increased market demand for high-protein snacks globally during the forecast period. The majority of the individuals attending gyms prefer to consume high-protein snacks due to their flexibility and extensive availability. Consumers worldwide prefer to consume snacks infused with fiber, calcium, protein, whole grain, vitamins, and minerals. Additionally, there has been a surge in demand for snack products that enable consumers to maintain weight and provide nutritional requirements, which will allow them to meet health goals. 

However, the high cost of high protein snacks, available alternatives, and lack of awareness among the communities are major factors hindering High Protein Snacks' growth during the forecast period.

High Protein Snacks Market Overview:

Metrics

Details

Market CAGR

4.9%

Market Size Available

2022-2029

Segments Covered

By Type, By Source, By Distributional Channels

Report Scope

Regional, Country-level analysis, competitive landscape analysis, company profiles, Sales and Revenue Strategies, market size, share, growth, demand, volume, value, DROC, and other major insights

Regions Covered

North America, Europe, Latin America, Asia Pacific, Middle East, and Africa, and the Rest of the global

Segment Analysis

The global high protein snacks market is segmented on Source into organic and in-organic.

The organic segment in global High Protein Snacks is expected to grow at a higher pace globally during the forecast period owing to increased awareness among the communities over the health-related advantages over the in-organic products. The organic High Protein Snacks is expiring new product launches with improved Types to occupy the industry's significant market. In January 2015, Arla Foods launched Arl Skyr into the UK market with fat-free, reduced sugar, and high protein Icelandic style yogurt with 30% less than sugar with similar products.   

The global high protein snacks market is segmented into Protein Bars and Balls, Breakfast Cereals, Bakery Snacks, Processed Meat Snacks, and Others.

The meat-based snacks include products like jerky, snack sticks, pork rinds, and many others. Meat snacks have been evolved as a staple in convenience stores, accounting for less than 3% of snack category sales. The meat-based snacks have seen a rapid plunge in sales of more than 14.5% in 2015, accounting for approximately USD 383 million.  Manufacturers across the globe are responding to the increased demand for protein-based snacks with innovation and healthful offerings. The market is experiencing huge demand for meat snacks made with grass-fed beef or free-range and antibiotic-free poultry.

Geographical Presentation

By region, the global high protein snacks market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa.

North America dominates the global high-protein snack market owing to its high penetration rate among all age groups and growing demand for convenient, healthy foods. Snacks make up to 11% of meal occasions in the United States; they are becoming increasingly concerned about healthy eating. Nearly more than 95% of Americans have snacks at least once a day and 70% twice a day. The convenience and portability of high protein snacks led to increased snacks by the communities across the United States.  

Competitive Analysis

The global high protein snacks market is moderately consolidated, with many companies occupying a significant market share and the rest by a large group of companies. The market is experiencing new product launches by emerging and established companies with high nutritional raw materials such as kombucha and others to attract a wider community group.

  • In September 2019, Tyson Foods launched a new line of refrigerated, meat-free protein snacks made with fruits and nuts and featured functional ingredients like kombucha and turmeric.
  • In October 2017, Danone India launched protein bytes, a protein multigrain biscuit targeting the population in metros and office communities.

Some of the key players in the global High Protein Snacks market include Danone S.A., General Mills, Inc, Nestle S.A, FAGE USA Dairy Industry, Inc., and Stonyfield Farm, Inc. are among many others.

**The global high protein snacks report will provide approximately 61 market data tables, 55 figures, and 230 pages.

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