Global Protein snack Market Overview:
Protein snacks are the highly value-added snack and filled with protein that is either plant-based protein or animal-based protein. Increasing the working population across the globe demands protein snacks as they are so busy to take enough protein intake thereby need of protein. Thus, increasing the working population and disposal income can be considered the major driver for the market. Additionally, increasing urbanization, change living style and rising demand for organic ingredients protein snack have been supplementing the overall growth of the market. However, the high cost associated with protein snack products and pricing wars between the key players further reduces the overall net profit of the company. These are the limiting factors in the operating market. Moreover, increasing consumption of packet food and easy to eat food in Asian countries can create new opportunities for the market in the forecasted period.
Growth Drivers
- Increasing Demand from Working Population as they don’t have time to take Enough Nutritional Intake due to Busy Life Style
- Increasing Demand from Urban Population due to Growing Disposal Income & Changing Life Style of People and Continuously Increasing Urbanization across the Globe
Roadblocks
- Lack of Awareness about Protein Snack Products in the Middle East and Africa Region
- High Cost Associated with Protein Snack Products
Opportunities
- Rising Number of Health Conscious People across the Globe
- Rising Consumption of Packet Food such as Snack from Highly Populated Countries such as India and China
Challenges
- Intense Competition among Established Players
Competitive Landscape:
Some of the key players profiled in the report are Chavanaphat Company Limited. (Thailand), PhuKha Food and Beverage Co., Ltd. (Thailand), Rifold (Australia), Jack Link's Beef Jerky (United States), Country Archer Jerky Co. (United States), H.J. Heinz Company Brands LLC (United States), Dollar General (United States), Old Trapper (United States), JerkyXP (United States) and Tillamook Country Smoker (United States). The Vendors having a strong hold in the market are Chavanaphat Company Limited, PhuKha Food and Beverage, Rifold, Jack Link's Beef Jerky, Country Archer Jerky. Additionally, following companies can also be profiled that are part of our coverage like Biena Snacks (United States), The Good Bean (United States), Three Farmers (Canada), Labrada Nutrition (United States), Predator Nutrition (United Kingdom), The Gatorade Company (United States) and Tillamook (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Protein snack market by 2027. Considering Market by Product Nature Type, the sub-segment i.e. Organic will boost the Protein snack market. Considering Market by Distribution Channel , the sub-segment i.e. Offline (Supermarkets, Restaurants and Hotels, Malls) will boost the Protein snack market. Considering Market by Source Type, the sub-segment i.e. Animal Source (Meat, Fish, Poultry) will boost the Protein snack market.
What Can be Explored with the Protein snack Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Protein snack Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Protein snack
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Protein snack market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Protein snack market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Protein Snack Manufacturers, Protein Snack Distributors and Suppliers, Protein Snack Raw Material Suppliers, Private Research Organizations, Government Agencies and Association, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.