“Global Protein Crisps Market to reach a market value of USD 2.64 Billion by 2031 growing at a CAGR of 8.1%”
The Global Protein Crisps Market size is expected to reach $2.64 billion by 2031, rising at a market growth of 8.1% CAGR during the forecast period.
The United States, in particular, has a significant population of fitness enthusiasts, athletes, and health-conscious consumers who actively seek protein-enriched snacks like protein crisps to support their active lifestyles. The expansion of protein crisps in North America has also been aided by the existence of major market participants and sophisticated retail infrastructure. Protein crisps are readily available to consumers, as they are frequently stocked in supermarkets, convenience stores, and specialty health food stores. Thus, the North America segment procured 37% revenue share in the market in 2023. The region's robust consumer awareness of the advantages of high-protein diets and its well-established health and fitness culture are the primary factors contributing to its substantial market share.
In recent years, consumers have seen a noticeable surge in health consciousness, significantly influencing their dietary habits and lifestyle choices. The significance of sustaining a balanced diet, which encompasses sufficient protein intake, essential vitamins, and minerals, is becoming more widely recognized. Hence, as health consciousness continues to rise globally, the demand for protein crisps is expected to grow.
However, protein crisps have become a preferred refreshment among participants in these diet trends as a result of their low carbohydrate profile and high protein content. Unlike traditional snack options, which are often laden with sugars and refined carbs, protein crisps align perfectly with the nutritional guidelines of high-protein, low-carb diets. Thus, their versatility and compatibility with popular high-protein diets make them a staple in the pantries of health-conscious individuals, further driving market growth.
Based on product, the market is classified into pea protein crisps, soy protein crisps, milk protein crisps, whey protein crisps, and others. The whey protein crisps segment garnered 36% revenue share in the market in 2023. The popularity of functional foods, which provide nutritional benefits beyond fundamental sustenance, was influenced by the increasing emphasis that consumers placed on their overall well-being and immunity. The demand for whey protein crisps is driven by their superior nutritional benefits, including quick digestibility and muscle recovery support, which appeal to athletes and gym-goers.
On the basis of application, the market is divided into sports nutrition, weight management, and others. The sports nutrition segment acquired 52% revenue share in the market in 2023. The growing focus on fitness, athletic performance, and muscle recovery has significantly driven demand for high-protein snacks tailored to active individuals. Athletes, bodybuilders, and fitness enthusiasts favor protein crisps for their high protein content, which promotes muscle growth and facilitates post-exercise recuperation.
By distribution channel, the market is segmented into hypermarkets & supermarkets, convenience stores, online, and others. The convenience stores segment garnered 27% revenue share in the market in 2023. Convenience stores are popular for their accessibility, extended operating hours, and strategic locations in high-traffic areas, such as gas stations, urban centers, and workplaces. Consumers often rely on these stores for quick, on-the-go snack purchases, making them an ideal channel for single-serving packs of protein crisps.
Free Valuable Insights: Global Protein Crisps Market size to reach USD 2.64 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment acquired 26% revenue share in the market in 2023. The region's growth is driven by rising health consciousness, increasing disposable income, and the rapid expansion of urban populations adopting busier lifestyles that demand convenient, healthy snack options. Countries like China, Japan, India, and Australia have seen a surge in interest in health and fitness, leading to greater demand for protein-enriched products, including protein crisps.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.44 Billion |
| Market size forecast in 2031 | USD 2.64 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 8.1% from 2024 to 2031 |
| Number of Pages | 234 |
| Number of Tables | 379 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Distribution Channel, Application, Product, Region |
| Country scope |
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| Companies Included | General Mills Inc., Kellogg Company, PepsiCo, Inc., Nestle S.A., Post Holdings, Inc., Quest Nutrition LLC, Proti Foods LLC, Premier Nutrition Company, LLC and Power Crunch |
By Distribution Channel
By Application
By Product
By Geography
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