The global Protein Crisps Market is estimated to be valued at US$ 2.59 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Protein crisps are snacks made from protein ingredients like whey,casein, pea, soy or rice which are dehydrated into crispy thin sheets or crisps. They offer the advantages of being highly nutritious, low in carb and sugar content making them a healthy snacking option.
Market key trends:
One of the key trends in the protein crisps market is the rise in demand for nutritional snacks. Protein crisps being highly nutritious with high protein content are gaining popularity as a healthy snack. They provide sustained release of protein to keep one full for long and help manage weight and cravings.Majority of protein crisp brands flaunt their clean label with simple ingredients like just protein, oil/fat and seasonings/flavors to make them highly appealing to health conscious consumers. The trend of simple packaged snacks with wholesome ingredients is fueling the protein crisps market growth.
Segment Analysis
The global protein crisps market is segmented on the basis of product type and distribution channel. Based on product type, the protein crisps market is segmented into gluten-based protein crisps and gluten-free protein crisps. The gluten-free protein crisps segment dominates the market as it caters to the rising demand for gluten-free products from health conscious consumers. Based on distribution channel, the market is divided into supermarket/hypermarket, independent retailers, online, specialist retailers, and others. The supermarket/hypermarket segment dominates the market as it is the most preferred channel for grocery shopping.
Key Takeaways
The global Protein Crisps Market Size is expected to witness high growth, exhibiting CAGR of 12.% over the forecast period, due to increasing health consciousness among consumers.
Regional analysis:
North America dominates the protein crisps market owing to rising concerns regarding obesity and chronic diseases. Asia Pacific exhibits the fastest growth due to increasing disposable income and changing lifestyles in emerging countries like China and India.
Key players analysis:
Key players operating in the protein crisps market are Johnson & Johnson (DePuy Synthes), Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, NuVasive, Inc., Globus Medical, Inc., Wright Medical Group N.V., Arthrex, Inc., DJO Global, Inc., Össur hf., CONMED Corporation, Breg, Inc., Orthofix Medical Inc., Bioventus LLC. The market is highly competitive with players focusing on new product launches.
Read More: https://www.ukwebwire.com/protein-crisps-market-size-share-and-growth-forecast/
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