South Africa Protein Crisps Market Size, Share, and COVID-19 Impact Analysis, By Type (Chips, Bars, Jerky, Trail Mix, Baked Crisps, and Protein Balls), By End-User (Athletes, Bodybuilders, Casual Exercisers, and Lifestyle Users), and South Africa Protein Crisps Market Insights, Industry Trend, Forecasts to 2033.
Industry: Food & BeveragesSouth Africa Protein Crisps Market Insights Forecasts to 2033
- The South Africa Protein Crisps Market Size was valued at USD 11.53 Million in 2023.
- The Market Size is Growing at a CAGR of 6.59% from 2023 to 2033
- The South Africa Protein Crisps Market Size is Expected to Reach USD 21.82 Million by 2033
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The South Africa Protein Crisps Market Size is Anticipated to Reach USD 21.82 Million by 2033, growing at a CAGR of 6.59% from 2023 to 2033.
Market Overview
The market for protein crisps in South Africa represents the segment of the snack industry focused on producing and consuming protein-fortified crisps, which can be made with whey, soy, or pea proteins. The crisps are ideal for consumers who are concerned about their health and want to replace their usual crisps with a high-protein, low-carb snack. As consumer demand for healthier, portable food keeps growing, the market is expanding. Growing consumer awareness of the importance of protein in daily nutrition is one of the main factors propelling the South African protein crisps market's growth. Customers are increasingly using protein-based snacks to support their active lifestyles and fitness goals as the trend toward fitness and well-being keeps growing. Furthermore, as veganism and plant-based diets have grown in popularity, so too has the demand for plant-based protein crisps, which appeal to both health-conscious and dietary-restricted consumers. The government's initiatives, including healthy eating habits, nutritional education policies, and promoting local food manufacturers, have boosted the market for innovative snacking products like protein crisps. The government's focus on food security and sustainable agriculture has further increased protein crisp production in South Africa, fostering innovation and consumer adoption of healthier snack options.
Report Coverage
This research report categorizes the market for the South Africa protein crisps market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Africa protein crisps market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Africa protein crisps market.
South Africa Protein Crisps Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 11.53 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.59% |
2033 Value Projection: | USD 21.82 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By End-User |
Companies covered:: | PepsiCo South Africa, Vital Health Foods, Huel, Nutritional Brands (Bariatric Fusion), Spar Group Ltd., and other key players |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
The market for protein crisps in South Africa is primarily impacted by consumers' growing focus on health and wellbeing. The demand for high-protein, low-carb snacks has skyrocketed as people emphasize exercise and lead increasingly active lifestyles. People seeking to increase their protein intake while avoiding unhealthy fat and sugar content are drawn to protein crisps because they offer a convenient and healthful alternative to traditional snack foods. Additionally, the growing popularity of plant-based diets has raised the demand for plant-based protein crisps to satisfy vegan and vegetarian customers. The market's expansion is also fueled by the growing awareness of the role protein plays in weight management and muscle recovery.
Restraining Factors
The protein crisps market faces limiting factors such as higher prices, limited access to certain protein sources, and higher manufacturing costs due to imported ingredients. Consumer skepticism over taste and texture also hinders adoption, potentially hindering the market's growth if not effectively addressed. These factors may affect the market's overall growth.
Market Segmentation
The South Africa protein crisps market share is classified into type and end-user.
- The chips segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
The South Africa protein crisps market is segmented by type into chips, bars, jerky, trail mix, baked crisps, and protein balls. Among these, the chips segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The rise in popularity of classic snack foods like potato chips is largely due to the demand for healthier, higher-protein options. Protein chips offer a convenient, easily understood snack shape, providing greater protein content, aligning with the growing wellness movement, and appealing to individuals seeking convenient, healthy snacks for fitness activities.
- The lifestyle users segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-user, the South Africa protein crisps market is divided into athletes, bodybuilders, casual exercisers, and lifestyle users. Among these, the lifestyle users segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Although they are not necessarily bodybuilders or athletes, the segment consists of health-conscious consumers who value a balanced diet and active lifestyle. They are increasingly drawn to protein crisps as a convenient snack that aids in muscle recovery, weight control, and daily energy levels.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Africa protein crisps market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- PepsiCo South Africa
- Vital Health Foods
- Huel
- Nutritional Brands (Bariatric Fusion)
- Spar Group Ltd.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In September 2022, GO Protein Wafer Crisps, a crispy snack made with pea protein and offering 5g of plant-based protein per serving, were introduced by Kashi.
Market Segment
This study forecasts revenue at South Africa, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Africa protein crisps market based on the below-mentioned segments:
South Africa Protein Crisps Market, By Type
- Chips
- Bars
- Jerky
- Trail Mix
- Baked Crisps
- Protein Balls
South Africa Protein Crisps Market, By End-User
- Athletes
- Bodybuilders
- Casual Exercisers
- Lifestyle Users
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