Protein crisps are shelf-stable protein snacks made from high-quality ingredients like peas, rice, nuts or seeds. They provide a convenient source of plant-based protein and make for a perfect guilt-free, on-the-go snack. The growing health consciousness among consumers has increased the demand for snacks that offer better nutritional value compared to traditional chips and fried snacks.
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 key trends:
The increasing health awareness has been a key factor fueling the growth of the protein crisps market over the forecast period. Protein crisps are considered a healthier snack alternative as they contain lesser calories and saturated fat compared to potato chips or corn chips but have a higher protein content. They aid in managing weight and building lean muscles when consumed in moderation. Moreover, plant-based protein sources like peas, chickpeas etc. used in protein crisps also offer various vitamins, minerals and antioxidants. The easier availability of a variety of protein crisp flavors through e-commerce platforms and convenience stores has further helped in the broader acceptance and demand for protein crisps among health-conscious consumers.
Segment Analysis
The global protein crisps market is expected to be dominated by the snacks sub-segment during the forecast period. This is because protein crisps are increasingly being considered as a convenient snack option by health-conscious consumers. Protein crisps offer the benefits of a snack but also help fulfill daily protein requirements, making them popular among gyms-goers and sports enthusiasts.
Key Takeaways
The Global Protein Crisps Market Demand is expected to witness high growth over the forecast period. Regional analysis
The North American region currently dominates the global protein crisps market and is expected to continue its dominance during the forecast period. This is due to increased awareness about nutritional foods and growing health consciousness in the region.
Key players
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.
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