Allied Market Research

2024

Protein Crisps Market

Protein Crisps Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, by Flavor, by End User, by Packaging and, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Roshan Deshmukh
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Protein crisps are tasty snacks which are low in calorie and rich in protein. Protein crisps can be consumedanytime during lunch, between meals, dinner, or parties. Protein crisps are not only snacks, they can be consumed as a healthy meal with low calories as well. Protein crisp contains only 90 calories. In the current scenario, the increase in health consciousness among people is the key driver for the growth of the protein crisps market. The health conscious people now try to avoid regular snacks which are available in the market due toothier unhealthy contents. Hence, it is also an opportunity for the manufacturers to focus more on health conscious population. These healthy protein crisps are now availablein several flavors like spread, chocolate, mocha, and vanilla.. Snacking habit among consumers everywhere across the globe has increased tremendously due to the increase in the per capita income of the consumers.

Protein crisps are delicious and healthy snacks which can be consumed by any age group. Protein crisps contain high amount of protein which help in providing high amount of strength to the body. These tasty bites increase the awareness of youth toward the intake of protein and healthy food.

COVID-19 Impact analysis

  • Demand for protein has increased during this Covid-19 pandemic as consumers are more conscious of the health benefits of protein in weight management and performance. This has resulted in a positive growth in the demand for protein crisps among wide section of consumers.
  • Changing lifestyle has increased the consumption of healthy snacks and nutritional products which has boosted the protein crisp market globally. There is an increased demand for protein crisp due to its crunchy texture and improved nutritional benefits. During the coronavirus pandemic, it is very crucial for every individual to intake a proper balanced food. Protein crisp provides not only nutritional balance but also provides the simplest blend of color, texture, and flavor proteins.

Top Impacting Factors

  • Protein crisps have increased the content of protein in various food products, which has increased the interest of the consumers toward this industry.
  • The protein crisps are good source of calcium, low fat, gluten free, low lactose, and have a bland flavor and crunchy texture. Due to these factors, protein crisps are affecting the growth of other markets from different industries.
  • The food market has surged due to the growth in protein crisps market. There is an increase in demand for more healthy and nutrient-rich food without any compromise with taste or flavor. Consumers mostly demand those products which provide better texture and good flavor.

Market Trends

Surge in Demand for High Protein and Low Fat Snacks

The protein crisps market has dominated the marketplace  as these snacks are high in protein and low in calories. The consumers prefer protein crisps more as compared to others. These are sold as a reasonable, convenient, flavorsome snack, which are available at convenience stores.

Many consumers prefer these products, as they consider protein crisps a better supplement for a meal. In addition, these products are more convenient due to their lightweight and last for an extended time. Thismakes them perfect for activities like camping and hiking. Hence, protein crisps manufacturers can strengthen their footprint by distributing protein crisps globally. Moreover, a growth in the trend of fitness and muscle building among consumers is an essential element for increase in the demand for protein crisps everywhere across the globe.

Growth in Demand in Asia-Pacific Region

Protein crisps manufacturers have witnessed an increase in demand in Asia-Pacific by launching the merchandise with competitive prices as the region is sort of price sensitive. Snacking habit of consumers are a big driver for the growth of the market, hence manufacturers have an honest opportunity to grab an outsized consumer base in these regions. Manufacturers can showcase protein crisps by knowledge-based advertisements in order to incline an outsized number of health conscious people toward these products. Moreover, female consumers are more attracted towards flavored products as they have more snacking habits. Hence, manufacturers have opportunity to figure on some more different flavors which can provide a boom to the protein crisps market. These factors are expected to surge protein crisps market during the upcoming years.

Furthermore, the majority of the adult population of the world eat snacks at least once in a day. This nation has the largest market for snacks in the world engaged with the production of different types of protein crisps. Hence, with the rise in health and wellness awareness among the population, the demand for healthy food has increased substantially. As a result, the demand for the consumption in the restaurants has increased, which further increases the demand for protein crisps.

Key Benefits of the Report

  • This study presents the analytical depiction of the protein crisps industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the protein crisps market share.
  • The current market is quantitatively analyzed to highlight the protein crisps market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed protein crisps market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Protein Crisps Market Research Report

  • Which are the leading players active in the protein crisps market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "protein crisps" Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "protein crisps" Market?

Protein Crisps Market Report Highlights

Aspects Details
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By Product Type
  • Gluten Free Protein Crisps
  • Soy Free Protein Crisps
  • Vegan Protein Crisps
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By Flavor
  • Vanilla
  • Chocolate
  • Peanut Butter
  • Mocha
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By End User
  • Men
  • Women
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By Packaging
  • Pouches
  • Cartons
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By Distribution Channel
  • Hypermarkets
  • Supermarkets
  • Grocery Stores
  • Convenience Stores
  • Specialty Stores
  • Online Retailing
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

ERIE group of companies, TORQ Ltd., GlückBrands, Vega, Shrewd Food, Quest Nutrition, BSN Protein, Tyson Foods Inc., Snack Food & Wholesale Bakery, ProtiDiet

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Protein Crisps Market

Global Opportunity Analysis and Industry Forecast, 2023-2032