U.S. Snack Food Market. Analysis And Forecast to 2030
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View PricingU.S. Imported Snacks See a 24% Surge, Reaching $978 Million in 2023
U.S. Snack Food Imports
For the eleventh year in a row, the United States recorded growth in supplies from abroad of snack food, which increased by 7.3% to 214K tons in 2023. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.
In value terms, snack food imports surged to $978M (IndexBox estimates) in 2023. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2022 with an increase of 30% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.
| COUNTRY | Import Value of Snack Food in U.S. (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Mexico | 97.8 | 89.5 | 114 | 128 | 160 | 176 | 170 | 199 | 279 | 387 | 470 |
| Canada | 62.9 | 75.0 | 73.6 | 76.2 | 87.0 | 119 | 133 | 146 | 162 | 203 | 302 |
| South Korea | 6.0 | 5.6 | 7.2 | 10.0 | 10.7 | 12.8 | 17.0 | 17.6 | 18.7 | 20.9 | 26.3 |
| El Salvador | 3.9 | 5.2 | 4.7 | 5.2 | 6.3 | 7.2 | 8.9 | 11.9 | 13.4 | 19.1 | 23.3 |
| India | 9.6 | 10.9 | 12.8 | 14.2 | 14.0 | 14.2 | 15.7 | 21.3 | 22.9 | 21.2 | 22.5 |
| Israel | 6.8 | 7.1 | 6.9 | 6.4 | 8.1 | 8.1 | 12.5 | 14.4 | 16.1 | 21.4 | 19.6 |
| Philippines | 6.6 | 5.3 | 5.6 | 6.0 | 7.0 | 6.6 | 8.2 | 9.3 | 7.4 | 9.6 | 8.4 |
| Others | 42.2 | 51.1 | 55.6 | 56.7 | 59.5 | 55.4 | 63.5 | 70.6 | 85.9 | 105 | 106 |
| Total | 236 | 250 | 281 | 302 | 352 | 399 | 429 | 490 | 605 | 788 | 978 |
Imports by Country
In 2023, Mexico (120K tons) constituted the largest supplier of snack food to the United States, accounting for a 56% share of total imports. Moreover, snack food imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (52K tons), twofold. India (7.2K tons) ranked third in terms of total imports with a 3.4% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from Mexico totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+11.3% per year) and India (+6.8% per year).
In value terms, the largest snack food suppliers to the United States were Mexico ($470M), Canada ($302M) and South Korea ($26M), together comprising 82% of total imports. El Salvador, India, Israel and the Philippines lagged somewhat behind, together accounting for a further 7.5%.
El Salvador, with a CAGR of +19.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of No country was relatively modest.
From January 2022 to August 2022, the average monthly rate of growth in terms of the import volume of No country was relatively modest.
Import Prices by Country
In 2023, the snack food price amounted to $4,561 per ton (CIF, US), rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($7,975 per ton), while the price for the Philippines ($2,934 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
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
