U.S. Snack Food Market. Analysis And Forecast to 2030
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View Pricing7 Winning Business Ideas in the Snack Food Market: Key Statistics and Trends
The snack food market is a lucrative industry that has been growing steadily in recent years. According to a report by IndexBox, the global snack food market was valued at $437 billion in 2022 and is expected to reach $585 billion by 2025, growing at a compound annual growth rate (CAGR) of 5%. With this kind of growth potential, it's no wonder that entrepreneurs are eager to enter the market with innovative snack food ideas. In this article, we'll explore 7 winning business ideas in the snack food market, backed by key statistics and trends.
Healthy Snacks
The demand for healthy snacks is on the rise, as consumers become more health-conscious and seek out healthier options. According to a survey by the International Food Information Council Foundation, 75% of consumers are trying to eat more healthily, and 65% are looking for snacks with added health benefits. This presents an opportunity for entrepreneurs to create and market healthy snacks, such as organic and gluten-free options, and those with added protein or fiber.
Plant-Based Snacks
The plant-based food trend is not limited to just main meals, with an increasing number of consumers seeking plant-based snack options as well. According to a report by IndexBox, the global plant-based snacks market is expected to grow at a CAGR of 13.7% from 2021 to 2026. This presents an opportunity for entrepreneurs to create and market plant-based snack options, such as veggie chips, roasted chickpeas, and kale chips.
Snacks for Specific Diets
Consumers with specific dietary needs or restrictions, such as gluten-free, vegan, or keto, often struggle to find snack options that fit their requirements. The global gluten-free snacks market is expected to reach $5.5 billion by 2025. Entrepreneurs can capitalize on this trend by creating and marketing snacks that cater to specific diets, such as keto-friendly beef jerky or vegan protein bars.
Snack Subscription Boxes
Subscription boxes have become a popular trend across many industries, including the snack food market. According to a report by McKinsey & Company, the subscription box market has grown by more than 100% a year since 2011. Entrepreneurs can tap into this trend by creating snack subscription boxes, offering a variety of curated snacks delivered to customers' doors on a regular basis.
Snack Vending Machines
Vending machines are a convenient way for consumers to purchase snacks on-the-go. The global vending machine market is expected to reach $145.6 billion by 2027. Entrepreneurs can capitalize on this trend by creating and deploying snack vending machines in high-traffic areas, such as schools, hospitals, and office buildings.
Snack Kiosks
Similar to vending machines, snack kiosks offer a convenient way for consumers to purchase snacks on-the-go. According to a report by IBISWorld, the global vending machine operators industry has a revenue of $29 billion in 2021. Entrepreneurs can tap into this trend by creating snack kiosks in high-traffic areas, such as airports, train stations, and shopping malls.
Snack Food Trucks
Food trucks have becomea popular trend in the food industry, offering mobile convenience and unique culinary experiences. Snack food trucks are no exception, offering a wide range of snack options to consumers on-the-go. According to a report by the National Restaurant Association, 44% of consumers have tried food from a food truck in the past year. Entrepreneurs can tap into this trend by creating snack food trucks that offer unique and innovative snack options to consumers in high-traffic areas, such as festivals, fairs, and outdoor events.
Conclusion
In conclusion, the snack food market is a thriving industry with endless opportunities for entrepreneurs. From healthy and plant-based snacks to snack subscription boxes and vending machines, there are plenty of innovative ideas that can turn into profitable businesses. By keeping up with key statistics and trends, entrepreneurs can stay ahead of the curve and create snack options that meet the evolving needs and preferences of consumers.
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This report provides an in-depth analysis of the snack food market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 311919 - Other snack food manufacturing
Companies mentioned:
- Pepsico
- Frito-Lay North America
- Utz Quality Foods
- Herr Foods Incorporated
- Boulder Brands
- Golden Flake Snack Foods
- Barrel O' Fun Snack Foods
- Kettle Foods, Snak-King
- Old Dutch Foods
- Inventure Foods
- S-L Snacks Real Estate
- Wise Foods
- Old Frito-Lay
- Wyandot
- Kln Enterprises
- Pretzels
- Rudolph Foods Company
- J & J Snack Foods Corp. of California
- Rudy's Food Products
- Ideal Snacks Corporation
- Shearer's Foods
- Brookstone Holdings
- Savor Street Foods
- Snack Alliance
- Medallion Foods
- Golden Enterprises
- National Pretzel Company
- Snack Alliance
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
