Consumers Munch Away in the U.S.A.
The growth in snack foods is being driven by more in-between meal eating, Millennials who seek bolder flavors, and products with some sort of health positioning.
Sweet and savory snacks experienced a 4% current value growth in the United States in 2012, according to research from Euromonitor International (Table1). Such growth is a positive for snack producing companies and the category is expected to see compound annual growth rates (CAGRs) of 2% and 1% in constant value and volume terms, respectively, over the forecast period to exceed $38 billion by 2017.
Euromonitor categorizes the “Sweet and Savory Snacks” category as the aggregation o…
Top