Protein Snack Market:
Executive Summary
The Global Protein Snack market, in the year 2017, was valued at USD 22.08 billion. Growing consumers focus on the nutritional or health value of such products; for example, lower levels of calories, sufficient level of protein and vitamins, etc. have worked in the market’s favor. The increasing need for on-the-go products along with increasing disposable income of people can also trigger the growth of the global market in the coming years. Furthermore, busty lifestyle of people is anticipated to drive the market.
There are different types of value-added snacks that are being developed with protein and offer added protein to the body, which is generally sourced from fish, meat, plant-based sources, and poultry. Such snacks are extensively being consumed in developed economies. The increasing popularity of meat snacks is propelling the growth of the market. Increasing health awareness among people and changing life in urban areas are some of the major driving factors. Besides, the chronic prevalence of malnutrition issues, especially in underdeveloped countries is also expected to drive this market.
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Such a snack assists in burning calories. Consuming protein lowers the appetite and keeps hunger check and maintain the body’s energy levels. Furthermore, it keeps the heart protected and keeps the blood sugar under stable level. All these features are forecasted to increase the demand for Protein Snack in the global market, which, in turn, will help in the growth of the market. It is expected that by the end of 2025, the global market size for such snack will cross USD 40 million.
Market key Player
Roscela, PhuKha Food and Beverage Co. Ltd., Rifold, Jack Link’s Beef Jerky, Country Archer Jerky Co., Devour Foods, Dollar General, Old Trapper, JerkyXP, Tillamook Country Smoker, Biena Snacks, The Good Bean, Three farmers, Labrada Nutrition, Predator Nutrition
Global Market Segmentation Analysis
The World Protein Snack market is divided on the basis of product type, nature, end-use/ application, and region. Nature wise, it is segmented into Conventional and Organic. The organic segment is expected to dominate the nature segment in the future. Now, based on the product type, it is split into chip & pretzels, mil products, jerky, Greek yogurt parfait, trail mix, protein bars, bean curd products, and others. Among all these, bards and jerky products are forecasted to remain high in the coming years. Talking about the end-use or application segment, it is segmented into retail stores, supermarkets, enterprises, malls, restaurants & hotels, entertainment facilities, and others.
Geographical Market Segmentation Analysis
Based on geography, the entire Protein Snack market is segmented as North America, Middle East & Africa, South America, Asia Pacific, and Europe. Furthermore, for better market analysis, the report also includes market conditions of different countries. So, those countries are India, the United States, Russia, Canada, Mexico, Japan, China, the UK, Germany, Italy, GCC Countries, South Africa, and others. Among these regions, the report suggests that in the year 2018, Europe and North America dominated the market. But, during the forecast period, i.e., from 2018 to 2025, the Asia Pacific region is expected to rule the global market owing to the increasing demand for such products.
Latest Market News
In May 2019, Jack Link’s Protein Snacks, a leading meat snacks manufacturer and distributor, introduced its new Zero Sugar Jerky. The product comes with a different flavor, and made will lean-meat beef. In one bag, users will get around 30 grams of protein. There is no MSG and no added nitrates.
Continuous…
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