Summary
- • The global snack food market is projected to reach $651.3 billion USD by 2027.
- • North America is the largest snack market globally, accounting for 30% of total revenue.
- • In the United States, the average annual expenditure per consumer on snacks is $221.
- • Chips/crisps are the most popular snack in the world, with an estimated market size of $40.8 billion USD.
- • The global meat snack market is expected to grow by 8.1% annually from 2020 to 2025.
- • The healthy snack market is estimated to be worth $32.88 billion USD by 2025.
- • Millennials are the largest consumer group of snack foods, with 94% of them snacking daily.
- • Sales of organic snacks in the U.S. grew by 10.9% in 2020, reaching $432 million USD.
- • The global popcorn market is expected to reach $15.5 billion USD by 2025.
- • By 2022, the global nuts and seeds market is forecasted to surpass $120 billion USD.
- • The energy and nutrition bar market is expected to grow at a CAGR of 8.3% from 2022 to 2027.
- • The global dried fruit market size was valued at $7.91 billion USD in 2020.
- • The fruit snacks market is expected to reach $9.93 billion USD by 2027, growing at a CAGR of 8.5%.
- • Around 75% of consumers in the U.S. claim they often eat savory snacks.
- • The global potato chips market is anticipated to reach $40.3 billion USD by 2025.
Move over three meals a day, snacking is taking center stage in the culinary world! With the global snack food market projected to hit a whopping $651.3 billion by 2027, its no wonder that North America reigns supreme, accounting for 30% of snack revenue. From millennials munching their way through $221 worth of snacks annually to the explosive growth of organic and healthy options, the snack industry is a flavorful playground of innovation and indulgence. So grab your popcorn (a market expected to hit $15.5 billion by 2025), because were diving into the crunchy, savory, sweet, and everything-in-between world of snack-tastic statistics that will have you reaching for that next tasty treat!
Global snack market trends
- The global snack food market is projected to reach $651.3 billion USD by 2027.
- Chips/crisps are the most popular snack in the world, with an estimated market size of $40.8 billion USD.
- The global meat snack market is expected to grow by 8.1% annually from 2020 to 2025.
- The global popcorn market is expected to reach $15.5 billion USD by 2025.
- By 2022, the global nuts and seeds market is forecasted to surpass $120 billion USD.
- The global dried fruit market size was valued at $7.91 billion USD in 2020.
- The fruit snacks market is expected to reach $9.93 billion USD by 2027, growing at a CAGR of 8.5%.
- The global potato chips market is anticipated to reach $40.3 billion USD by 2025.
- The global chocolate snacks market is forecasted to reach $50.4 billion USD by 2025.
- The global protein snacks market size is expected to reach $25.03 billion USD by 2025.
- The global tortilla chips market is predicted to reach $13.8 billion USD by 2027.
- The global jerky snacks market is expected to grow at a CAGR of 4.2% from 2020 to 2027.
- The global rice snacks market size is anticipated to reach $12.82 billion USD by 2025.
- The global frozen snacks market is forecasted to reach $96.1 billion USD by 2027.
- The global popcorn seasonings market is projected to reach $1.98 billion USD by 2028.
- The global cheese snacks market size is estimated to exceed $6.3 billion USD by 2027.
- The global savory snacks market is expected to reach $203.83 billion USD by 2027.
- The market size of the global granola bars market is expected to reach $8.64 billion USD by 2027.
- The global fruit dip market is anticipated to reach $10.7 million USD by 2025.
- The market size of the global gummy snack market is projected to reach $9.4 billion USD by 2025.
- The global nut-free snacks market is estimated to reach $14.85 billion USD by 2027.
- The global plant-based snack market size is projected to exceed $30 billion USD by 2027.
- The global fruit chips market size was valued at $36.32 billion USD in 2020.
- The global yogurt snacks market is projected to reach $13.73 billion USD by 2028.
- The global fruit and nut bars market is anticipated to grow at a CAGR of 5.4% from 2021 to 2027.
- The global snack bar market is expected to exceed $21.2 billion USD by 2025.
- The market size of the global bean snacks market is estimated to reach $2.9 billion USD by 2025.
- The global spiced snacks market is projected to reach $225.4 billion USD by 2027.
- The global flavored nuts market is expected to surpass $1.5 billion USD by 2026.
- The market size of the global s'mores snacks market is projected to reach $45.12 billion USD by 2027.
- The global jerky sticks market is anticipated to grow at a CAGR of 6.9% from 2020 to 2027.
- The global snack nuts market is forecasted to exceed $8.6 billion USD by 2025.
- The global kettle-cooked chips market is expected to reach $14.13 billion USD by 2027.
Interpretation
In a world where the snack industry reigns supreme, with market values that could make even the most health-conscious individual second-guess their kale chips, it's evident that our love affair with munchies knows no bounds. From the humble potato chip to the extravagant popcorn seasonings, each crinkle and crunch represents billions of dollars exchanged in the pursuit of satisfying our snack cravings. As we navigate the labyrinth of options, from jerky sticks to granola bars, it's clear that the snack game is strong, with flavors and trends evolving faster than you can say "snack attack." So, whether you're a die-hard chip enthusiast or a devoted fruit and nut bar aficionado, one thing is for sure - the global snack landscape is ripe for innovation and indulgence, one delicious bite at a time.
Healthy snack market analysis
- The healthy snack market is estimated to be worth $32.88 billion USD by 2025.
- Sales of organic snacks in the U.S. grew by 10.9% in 2020, reaching $432 million USD.
- The energy and nutrition bar market is expected to grow at a CAGR of 8.3% from 2022 to 2027.
- The seaweed snacks market is expected to grow at a CAGR of 12.21% from 2021 to 2026.
- The gluten-free snacks market is projected to surpass $9.3 billion USD by 2025.
- Sales of organic fruit snacks in the U.S. reached $285 million USD in 2020, growing by 13.8% from the previous year.
Interpretation
In a world where crunching on kale chips and munching on organic fruit snacks are considered the new status symbols of snack time, the snack industry is not just satisfying cravings but also nourishing wallets. With the healthy snack market expected to balloon to $32.88 billion USD by 2025, it seems like consuming your greens is not just good for your body, but also potentially lucrative. As sales of organic snacks and gluten-free treats continue to climb, it's clear that our desire for guilt-free indulgences is shaping the future of snacking. Who knew that seaweed snacks and energy bars would be the new stars of the snack aisle, shining brighter than ever before? Welcome to the era where a snack attack doesn't just hit your stomach, but also your bank account – in a good way, of course.
Regional snack market insights
- North America is the largest snack market globally, accounting for 30% of total revenue.
Interpretation
Just as North America knows how to supersize everything, it seems they also do not hold back when it comes to snacks! With a whopping 30% of the total global revenue in the snack industry, it's clear that the North American palate has a voracious appetite for all things savory, sweet, and everything in between. So, grab a handful of your favorite treat and join the snacking frenzy - because in North America, bigger is definitely better when it comes to satisfying those snack cravings.
Snack market segments and popularity
- In the United States, the average annual expenditure per consumer on snacks is $221.
- Millennials are the largest consumer group of snack foods, with 94% of them snacking daily.
- Around 75% of consumers in the U.S. claim they often eat savory snacks.
- The revenue from sales of chickpea snacks in the U.S. amounted to $28 million USD in 2020.
Interpretation
In a nation where the crunch of a chip or the satisfying pop of a chickpea snack reign supreme, it seems the love affair with snacks is both universal and lucrative. From the crunchy cravings of Millennials to the savory indulgences enjoyed by the majority of consumers, the snack industry continues to thrive, with wallets opening up to the tune of $221 per person annually. So, next time you reach for a bag of chickpea delights, just know you're not alone in your snack-loving ways, helping to contribute to the staggering $28 million in chickpea snack revenue.
Specific snack product market trends
- Sales of refrigerated snack bars in the U.S. increased by 31.3% in 2020.
- Pretzel sales in the U.S. reached $1.07 billion USD in 2020, a 7.2% increase from the previous year.
- Sales of fruit jerky in the U.S. grew by 29% in 2020, reaching $9.5 million USD.
- In the U.S., the revenue from sales of fruit snacks amounted to $1.43 billion USD in 2020.
- Seeded snack bars' market value is forecasted to reach $120 million USD by 2026.
- The revenue from sales of popcorn in the U.S. amounted to $1.01 billion USD in 2020.
- Sales of organic potato chips in the U.S. reached $177 million USD in 2020.
- The market for frozen pizza snacks in the U.S. is expected to reach $3.49 billion USD by 2028.
- Sales of trail mix in the U.S. grew by 12.3% in 2020, reaching $1.77 billion USD.
- Sales of hard candy in the U.S. amounted to $1.8 billion USD in 2020.
- Sales of alternative snacks in the U.S. rose by 15.1% in 2020, with revenues reaching $8.51 billion USD.
- The gluten-free pretzel market is forecasted to grow at a CAGR of 11.8% from 2021 to 2026.
- Sales of beef jerky in the U.S. grew by 10.2% in 2020, reaching $1.77 billion USD.
- The market for pretzel snacks in the U.S. is estimated to reach $2.33 billion USD by 2025.
- Sales of popcorn cakes in the U.S. increased by 28% in 2020, reaching $9.2 million USD.
- Sales of hard pretzels in the U.S. grew by 8.7% in 2020, reaching $1.85 billion USD.
Interpretation
In a world where snack choices are as abundant as opinions on social media, the snack industry statistics serve as a delightful glimpse into our evolving taste buds. From the meteoric rise of refrigerated snack bars to the ever-so-satisfying crunch of pretzels hitting the billion-dollar mark, it's clear that Americans are munching with fervor. As sales of fruit jerky and trail mix soar, it seems we're all embracing healthier snacking options while still indulging in the timeless pleasures of hard candy and popcorn. And let's not forget the gluten-free pretzel market carving its own crunchy path to growth. So whether you're a fan of organic potato chips, beef jerky connoisseur, or a die-hard popcorn cake enthusiast, one thing is certain: the snack game is strong and full of flavor in the land of stars, stripes, and salty-sweet cravings.