Snack Food Production in the US - Market Research Report (2014-2029)

Guilt-free: Profit will remain stable, enticing new companies to enter the industry

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Snack Food Production industry, which creates goods, such as potato and corn chips, pretzels, roasted and salted nuts, peanut butter and popcorn, has benefited from increased demand. As the economy grew during most of the period, discretionary income levels climbed. In turn, consumer spending has boosted sales of potato and tortilla chips, along with nuts and seeds. Moreover, the emergence of artisanal goods, which are made with a higher degree of craftsmanship and command higher prices, has boosted revenue. As consumers turned to snacking due to the COVID-19 pandemic, industry revenue climbed further. Overall, industry revenue has increased at an average rate of 0.4% to $48.4 billion over the five years to 2023, although growth is forecast to increase 0.8% during the current year.

The Snack Food Production industry produces snack foods such as potato and corn chips, pretzels, roasted and salted nuts, nut butters, popcorn and other similar snacks. However, it does not produce cookies, crackers, bakery products, cereal or granola bars.