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Market Research Report

U.S. Snack Foods Market, By Products - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025

Published by AnalystView Market Insights Product code 874745
Published Content info 108 Pages
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U.S. Snack Foods Market, By Products - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025
Published: June 1, 2019 Content info: 108 Pages
Description

Title:
U.S. Snack Foods Market, By Products (Cookies & Crackers, Chips & Pretzels, Nuts, Seeds & Dried Produce, Chocolate Candy & Confections and Non-Chocolate Candy & Confections), and Geography (NA, EU, APAC, and RoW) - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025.

REPORT HIGHLIGHT

The U.S. snack foods shipment was valued USD 78.2 billion by 2017, growing with 2.9% CAGR during the forecast period, 2018-2025.

Snack foods encompass processed and packaged food items that often serve as a convenient source of calories between meals and a means of satisfying a craving for savory tastes. Compared to foods typically eaten during breakfast, lunch, and dinner, processed snack foods require little or no preparation and facilitate on-the-go consumption. Demand for snack foods in the U.S. is majorly driven by the increase in population and disposable personal income levels. The industry is also impacted by mandates from government agencies such as the Food and Drug Administration (FDA).

The U.S. net exports of snack foods amounted to over USD 2.5 billion and growing with a growth rate of 10% annually. In addition, the country is a major producer and exporter of nuts, particularly almonds owing to the large part to significant land resources and suitable growing conditions. Nuts are one of the most expensive types of snack food, helping the country to command a substantial share of export value.

On the other hand, in 2017, Canada accounted for over 25% of US snack imports, followed by Mexico, Vietnam, China, and Germany. Chocolate represented the leading product among snack food imports, accounting for significant revenue share. Moreover, these products are readily available in vending machines and grab-and-go retail outlets such as convenience stores and gas stations, supporting the product demand significantly.

Product Takeaway

  • Cookies & Crackers
  • Chips & Pretzels
  • Nuts, Seeds & Dried Produce
  • Chocolate Candy & Confections
  • Non-Chocolate Candy & Confections

It is analysed that the U.S. shipments of chocolate candy and confections are expected reach over USD 20 billion by 2025. An increase in population base coupled with growing product demand will support demand and corresponding industry output. Chips & Pretzels accounted for significant revenue share due to new product introduction by key players. For example, in 2015, Diamond Foods added vegetable chips to its KETTLE BRAND. However, nutritional concerns will represent an important restraint on growth, particularly as some medical studies identify potato chip consumption as a risk factor for health conditions such as obesity and Type II diabetes.

Key players Takeaway

  • PepsiCo
  • Nestle USA
  • General Mills
  • The Hershey Company
  • Mars

In 2015, Mars, Mondelez, and PepsiCo ranked among the leading producers of snack food in the US. Mondelez and PepsiCo predominantly manufacture chips, pretzels, cookies, and crackers; Mars is active in the candy and confectionery market. US snack food producers participate in a market characterized by intense competition, as a multitude of brands jockey for retail space and sales. In such a market, snack food producers rely on a combination of brand loyalty and product enhancements to stimulate sales and gain or maintain market share. For instance, in 2013, Mars introduced bite-sized versions of its popular MILKY WAY and SNICKERS candy.

The snack food industry is highly competitive. Firms compete for consumer dollars and shelf space at retail outlets based on price, product innovation quality, and brand recognition. All key players benefit from well-established brands and distribution channels, as well as economies of scale that enable them to invest significantly in product development and building brand equity.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year - 2014 & 2016
  • Base Year - 2017
  • Estimated Year - 2018
  • Projected Year - 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

  • Cookies & Crackers
  • Chips & Pretzels
  • Nuts, Seeds & Dried Produce
  • Chocolate Candy & Confections
  • Non-Chocolate Candy & Confections
Table of Contents

TABLE OF CONTENT

1. U.S. SNACK FOODS MARKET OVERVIEW

  • 1.1. Study Scope
  • 1.2. Assumption and Methodology

2. EXECUTIVE SUMMARY

  • 2.1. Market Snippet
    • 2.1.1. Market Snippet by Product
  • 2.2. Competitive Insights

3. U.S. SNACK FOODS KEY MARKET TRENDS

  • 3.1. Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Market Opportunities
  • 3.4. Market Future Trends

4. U.S. SNACK FOODS INDUSTRY STUDY

  • 4.1. Porter's Five Forces Analysis
  • 4.2. Marketing Strategy Analysis
  • 4.3. Growth Prospect Mapping
  • 4.4. Regulatory Framework Analysis

5. U.S. SNACK FOODS MARKET LANDSCAPE

  • 5.1. Market Share Analysis
  • 5.2. Key Innovators
  • 5.3. Breakdown Data, by Key manufacturer
    • 5.3.1. Established Player Analysis
    • 5.3.2. Emerging Player Analysis

6. U.S. SNACK FOODS MARKET - BY PRODUCT

  • 6.1. Overview
    • 6.1.1. Segment Share Analysis, By Product, 2017 & 2025 (%)
  • 6.2. Cookies & Crackers
    • 6.2.1. Overview
    • 6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 6.3. Chips & Pretzels
    • 6.3.1. Overview
    • 6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 6.4. Nuts, Seeds & Dried Produce
    • 6.4.1. Overview
    • 6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 6.5. Chocolate Candy & Confections
    • 6.5.1. Overview
    • 6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 6.6. Non-Chocolate Candy & Confections
    • 6.6.1. Overview
    • 6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

7. KEY VENDOR ANALYSIS

  • 7.1. PepsiCo
    • 7.1.1. Company Snapshot
    • 7.1.2. Financial Performance
    • 7.1.3. Product Benchmarking
    • 7.1.4. Strategic Initiatives
  • 7.2. Nestle USA
    • 7.2.1. Company Snapshot
    • 7.2.2. Financial Performance
    • 7.2.3. Product Benchmarking
    • 7.2.4. Strategic Initiatives
  • 7.3. General Mills
    • 7.3.1. Company Snapshot
    • 7.3.2. Financial Performance
    • 7.3.3. Product Benchmarking
    • 7.3.4. Strategic Initiatives
  • 7.4. The Hershey Company
    • 7.4.1. Company Snapshot
    • 7.4.2. Financial Performance
    • 7.4.3. Product Benchmarking
    • 7.4.4. Strategic Initiatives
  • 7.5. Mars
    • 7.5.1. Company Snapshot
    • 7.5.2. Financial Performance
    • 7.5.3. Product Benchmarking
    • 7.5.4. Strategic Initiatives

8. 360 DEGREE ANALYSTVIEW

9. APPENDIX

  • 9.1. Research Methodology
  • 9.2. References
  • 9.3. Abbreviations
  • 9.4. Disclaimer
  • 9.5. Contact Us

List of Tables

  • TABLE List of data Products
  • TABLE Market drivers; Impact Analysis
  • TABLE Market restraints; Impact Analysis
  • TABLE U.S. Snack Foods market: Product snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Product
  • TABLE U.S. Snack Foods market, by Product, 2014-2025 (USD Million)

List of Figures

  • FIGURE U.S. Snack Foods market segmentation
  • FIGURE Market research methodology
  • FIGURE Value chain analysis
  • FIGURE Porter's Five Forces Analysis
  • FIGURE Market Attractiveness Analysis
  • FIGURE Competitive Landscape; Key company market share analysis, 2018
  • FIGURE Product segment market share analysis, 2017 & 2025
  • FIGURE Product segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
  • FIGURE Cookies & Crackers market size forecast and trend analysis, 2014 to 2025 (USD Million)
  • FIGURE Chips & Pretzels market size forecast and trend analysis, 2014 to 2025 (USD Million)
  • FIGURE Nuts, Seeds & Dried Produce market size forecast and trend analysis, 2014 to 2025 (USD Million)
  • FIGURE Chocolate Candy & Confections market size forecast and trend analysis, 2014 to 2025 (USD Million)
  • FIGURE Non-Chocolate Candy & Confections market size forecast and trend analysis, 2014 to 2025 (USD Million)
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