Protein Crisps Market Expected to Experience Massive Growth During Forecast Period

Explore the Report Ocean publication titled ‘Protein Crisps Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032’

Analysis and Growth Projection for the Global Protein Crisps Market:

Global Protein Crisps Market is valued at approximately USD 2.41 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.2 % over the forecast period 2022-2029. Protein Crisps are healthy snacks alternative, which are low in fat and high in proteins. Protein crips come in different formats and flavors including soy-free, vegan, vanilla, peanut butter, marshmallows, etc. The increasing demand for protein supplements and growing preference towards high protein and low-fat snacks are key factors accelerating the market growth.

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The increasing demand for protein and dietary supplements is contributing towards the growth of the Global Protein Crisps Market. For instance, according to Statista – in 2021, the global sports nutrition and supplements market was valued at USD 44.43 billion and is expected to grow to USD 85.7 billion by 2030. Moreover, in 2021, the global protein market was estimated at USD 72 billion, and the market is projected to grow to USD 114.6 billion by 2030. Also, growing emergence of d2c brands and increasing number of health-conscious individuals would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Protein Crisps stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Protein Crisps Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and increasing consumption of dietary supplements in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising millennials and target populations, and increasing penetration of direct to consumers brands, coupled with rising number of health-conscious individuals.

Major market players included in this report are:

• Snack Food and Wholesale Bakery
• Vega
• ERIE group of companies
• GluckBrands
• ProtiDiet
• Quest Nutrition
• Shrewd Food
• TORQ Ltd.
• Tyson Foods Inc.
• BSN Protein

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Recent Developments in the Market:

In April 2021, PureFit has rolled out a brand-new line of protein bars named Protein Crisp. This new bar is non-GMO and gluten-free and would be available through www.purefit.com, TMall, and Amazon.

In Oct 2021, Illinois, USA based Think! Has announced the launch of its new High Protein Crisp collection. This new crisp collection would be available in chocolate crisp and lemon crisp flavors, and contain 15 g of protein, 2 g of sugar and 150 calories.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type

• Gluten-Free Protein Crisps
• Soy-Free Protein Crisps
• Vegan Protein Crisps

By Flavor

• Vanilla
• Chocolate
• Peanut Butter
• Mocha

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By Packaging

• Pouches
• Cartons

By Distribution Channel

• B2B
• B2C

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE (Rest of Europe)
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC (Rest of Asia Pacific)
• Latin America
  • Brazil
  • Mexico
• Rest of the World

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Highlighting Key Aspects in Protein Crisps Market Report:

Business Overview: In-depth exploration of the company’s operations and business divisions.

Corporate Strategy: Concise summary of the company’s strategic approach to business.

SWOT Analysis: Comprehensive examination of the company’s strengths, weaknesses, opportunities, and threats.

Company History: Chronological account of significant events shaping the company’s trajectory.

Key Products and Services: Catalog of prominent products, services, and brand offerings by the company.

Competitive Landscape: Identification of major competitors in the industry.

Strategic Locations and Subsidiaries: Inventory and contact details of pivotal locations and subsidiaries.

Financial Performance Analysis: Comprehensive financial ratios from the company’s annual financial statements, spanning the last five years.

Why Invest in This Report?

– Accelerate your decision-making process with rapid and time-critical insights.

– Uncover pivotal growth and investment prospects within the Protein Crisps market.

– Make informed decisions supported by robust historical and forecast data for the Protein Crisps market.

– Strategically position yourself to harness the industry’s maximum growth potential.

– Pinpoint crucial partners and avenues for business development.

– Gain a comprehensive understanding of your competitors’ business landscape, strategies, and future prospects.

Frequently Asked Questions:

➟ What primarily fuels the expansion of the Protein Crisps market?

➟ What factors impede the market’s progress?

➟ Who stands out as the pivotal players in the market?

➟ Which geographical area commands the largest market share?

➟ What recent developments characterize the trends in the Protein Crisps market?

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