Market Overview:
The global protein snack market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for healthy and convenient snacks, rising awareness about the benefits of protein-rich snacks, and growing penetration of supermarkets and hypermarkets. In terms of type, jerky is expected to be the fastest-growing segment during the forecast period, followed by trail mix and roasted chickpeas. In terms of application, supermarkets and hypermarkets are expected to account for the largest share in terms of revenue in 2018; however, convenience stores are projected to register highest CAGR during the forecast period. North America is estimated to account for majority share in global protein snack market by 2030 owing high demand from developed countries such as U.S.
Product Definition:
A protein snack is a food item that contains high levels of protein. Protein is an important nutrient for the body, and snacks that contain it can help to keep hunger at bay and provide energy. Protein snacks can come in many different forms, including meat, dairy, nuts, and beans.
Jerky:
Jerky is a meat product, which is derived from the slow cooking of beef. It has been an extremely popular food item in North America and it's usage has increased due to growing health consciousness among consumers. The growth of this market can be attributed to changing lifestyle and food habits along with increasing demand for protein snacks in developed countries including U.S., Canada, Germany, France etc.
Trail Mix:
Trail mix is a combination of dry fruits, nuts, seeds and cereals. It is widely used as protein snack by consumers owing to its nutritional benefits such as high in fiber & vitamins and low in fat content. The product also helps to reduce cholesterol levels which thereby improves the health of the individual.
The global protein snack market was valued at USD 13 billion in 2015.
Application Insights:
The restaurants and hotels segment dominated the market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for protein-based snacks from various restaurants and hotels around the world. Protein-based snacks are considered as an essential element in a healthy diet plan, especially if one intends to have a gym or workout regularly. Therefore, increasing awareness about health and wellness among consumers, including athletes, bodybuilders, fitness enthusiasts, and professional athletes is anticipated to boost product consumption at foodservice providers globally over the next few years.
In addition., manufacturers are entering into new markets through joint ventures with local players who have experience in operating convenience stores or supermarkets which lack their own brand presence due to agreements with large retail chains that operate hypermarkets or supermarkets within their locations across countries such as India China Japan etcetera. For instance; In April 2018; Dairy Farm International Inc., a U.S.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017. The region is expected to maintain its lead throughout the forecast period owing to growing health concerns among consumers and increasing awareness about protein-rich snacks among manufacturers in this region. Furthermore, presence of a large number of players operating in this market is also likely to contribute toward regional growth over the next seven years.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising demand for healthy protein snacks from emerging economies such as China and India, which have a high population density and are adopting western culture more aggressively than other countries do.
Europe was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for healthy and nutritious snacks: The global protein snack market is expected to grow at a CAGR of 6.5% during the forecast period. This can be attributed to the increasing demand for healthy and nutritious snacks, especially among health-conscious consumers.
- Rising awareness about the benefits of protein: There is a growing awareness about the benefits of protein, which is driving demand for protein-rich snacks. Protein helps in weight loss, muscle building, and improving overall health.
- Growing popularity of fitness regimes: The popularity of fitness regimes has led to an increase in demand for high-protein foods and beverages that help in muscle building and weight loss programs. This is providing a major impetus to the growth of the global protein snack market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Protein Snack Market Research Report
By Type
Jerky, Trail Mix, Roasted Chickpeas, Protein bars, Beancurd Product, Milk Product, Others
By Application
Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Restaurants and Hotels, Online Retailers
By Companies
General Mills, Kellogg, Nestle, Quaker Oats, Mars, Associated British Foods, Abbott Nutrition, Quest Nutrition, Lactalis, Mondelez International, B.V. Vurense Snack Industrie, Clif Bar & Company, Prinsen Berning, The Balance Bar, Calbee, Hormel Foods, NuGo Nutrition, Atkins Nutritionals, Roscela, Jack Link's Beef Jerky, Country Archer, Old Trapper, Biena Snacks, The Good Bean
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Protein Snack Market Report Segments:
The global Protein Snack market is segmented on the basis of:
Types
Jerky, Trail Mix, Roasted Chickpeas, Protein bars, Beancurd Product, Milk Product, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Restaurants and Hotels, Online Retailers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Mills
- Kellogg
- Nestle
- Quaker Oats
- Mars
- Associated British Foods
- Abbott Nutrition
- Quest Nutrition
- Lactalis
- Mondelez International
- B.V. Vurense Snack Industrie
- Clif Bar & Company
- Prinsen Berning
- The Balance Bar
- Calbee
- Hormel Foods
- NuGo Nutrition
- Atkins Nutritionals
- Roscela
- Jack Link's Beef Jerky
- Country Archer
- Old Trapper
- Biena Snacks
- The Good Bean
Highlights of The Protein Snack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Jerky
- Trail Mix
- Roasted Chickpeas
- Protein bars
- Beancurd Product
- Milk Product
- Others
- By Application:
- Supermarkets and Hypermarkets
- Independent Retailers
- Convenience Stores
- Restaurants and Hotels
- Online Retailers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Protein Snack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Protein Snack is a type of food that contains high levels of protein.
Some of the major companies in the protein snack market are General Mills, Kellogg, Nestle, Quaker Oats, Mars, Associated British Foods, Abbott Nutrition, Quest Nutrition, Lactalis, Mondelez International, B.V. Vurense Snack Industrie, Clif Bar & Company, Prinsen Berning, The Balance Bar, Calbee, Hormel Foods, NuGo Nutrition, Atkins Nutritionals, Roscela, Jack Link's Beef Jerky, Country Archer, Old Trapper, Biena Snacks, The Good Bean.
The protein snack market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Protein Snack Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Protein Snack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Protein Snack Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Protein Snack Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Protein Snack Market Size & Forecast, 2018-2028
4.5.1 Protein Snack Market Size and Y-o-Y Growth
4.5.2 Protein Snack Market Absolute $ Opportunity
Chapter 5 Global Protein Snack Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Protein Snack Market Size Forecast by Type
5.2.1 Jerky
5.2.2 Trail Mix
5.2.3 Roasted Chickpeas
5.2.4 Protein bars
5.2.5 Beancurd Product
5.2.6 Milk Product
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Protein Snack Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Protein Snack Market Size Forecast by Applications
6.2.1 Supermarkets and Hypermarkets
6.2.2 Independent Retailers
6.2.3 Convenience Stores
6.2.4 Restaurants and Hotels
6.2.5 Online Retailers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Protein Snack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Protein Snack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Protein Snack Analysis and Forecast
9.1 Introduction
9.2 North America Protein Snack Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Protein Snack Market Size Forecast by Type
9.6.1 Jerky
9.6.2 Trail Mix
9.6.3 Roasted Chickpeas
9.6.4 Protein bars
9.6.5 Beancurd Product
9.6.6 Milk Product
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Protein Snack Market Size Forecast by Applications
9.10.1 Supermarkets and Hypermarkets
9.10.2 Independent Retailers
9.10.3 Convenience Stores
9.10.4 Restaurants and Hotels
9.10.5 Online Retailers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Protein Snack Analysis and Forecast
10.1 Introduction
10.2 Europe Protein Snack Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Protein Snack Market Size Forecast by Type
10.6.1 Jerky
10.6.2 Trail Mix
10.6.3 Roasted Chickpeas
10.6.4 Protein bars
10.6.5 Beancurd Product
10.6.6 Milk Product
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Protein Snack Market Size Forecast by Applications
10.10.1 Supermarkets and Hypermarkets
10.10.2 Independent Retailers
10.10.3 Convenience Stores
10.10.4 Restaurants and Hotels
10.10.5 Online Retailers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Protein Snack Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Protein Snack Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Protein Snack Market Size Forecast by Type
11.6.1 Jerky
11.6.2 Trail Mix
11.6.3 Roasted Chickpeas
11.6.4 Protein bars
11.6.5 Beancurd Product
11.6.6 Milk Product
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Protein Snack Market Size Forecast by Applications
11.10.1 Supermarkets and Hypermarkets
11.10.2 Independent Retailers
11.10.3 Convenience Stores
11.10.4 Restaurants and Hotels
11.10.5 Online Retailers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Protein Snack Analysis and Forecast
12.1 Introduction
12.2 Latin America Protein Snack Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Protein Snack Market Size Forecast by Type
12.6.1 Jerky
12.6.2 Trail Mix
12.6.3 Roasted Chickpeas
12.6.4 Protein bars
12.6.5 Beancurd Product
12.6.6 Milk Product
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Protein Snack Market Size Forecast by Applications
12.10.1 Supermarkets and Hypermarkets
12.10.2 Independent Retailers
12.10.3 Convenience Stores
12.10.4 Restaurants and Hotels
12.10.5 Online Retailers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Protein Snack Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Protein Snack Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Protein Snack Market Size Forecast by Type
13.6.1 Jerky
13.6.2 Trail Mix
13.6.3 Roasted Chickpeas
13.6.4 Protein bars
13.6.5 Beancurd Product
13.6.6 Milk Product
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Protein Snack Market Size Forecast by Applications
13.10.1 Supermarkets and Hypermarkets
13.10.2 Independent Retailers
13.10.3 Convenience Stores
13.10.4 Restaurants and Hotels
13.10.5 Online Retailers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Protein Snack Market: Competitive Dashboard
14.2 Global Protein Snack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Mills
14.3.2 Kellogg
14.3.3 Nestle
14.3.4 Quaker Oats
14.3.5 Mars
14.3.6 Associated British Foods
14.3.7 Abbott Nutrition
14.3.8 Quest Nutrition
14.3.9 Lactalis
14.3.10 Mondelez International
14.3.11 B.V. Vurense Snack Industrie
14.3.12 Clif Bar & Company
14.3.13 Prinsen Berning
14.3.14 The Balance Bar
14.3.15 Calbee
14.3.16 Hormel Foods
14.3.17 NuGo Nutrition
14.3.18 Atkins Nutritionals
14.3.19 Roscela
14.3.20 Jack Link's Beef Jerky
14.3.21 Country Archer
14.3.22 Old Trapper
14.3.23 Biena Snacks
14.3.24 The Good Bean
