Per-capita volume sales in the snack food market worldwide by country 2023 | Statista (2024)

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Per-capita volume sales in the snack food market worldwide by country 2023 | Statista? ›

Per-capita volume sales in the snack food market worldwide by country in 2023. From the selected regions, the ranking by average volume per capita in the 'Snack Food' segment of the food market is lead by Bulgaria with 21.04 kilograms and is followed by the United States (20.67 kilograms).

Worldwide snack food revenue by country 2023

The revenue ranking in the 'Snack Food' segment of the food market is lead by the United States with 49.87 billion U.S. dollars, while China is following with 27.21 billion U.S. dollars.

The global snack food products market size was valued at USD 557.85 billion in 2021. The market is projected to grow from USD 584.58 billion in 2022 to USD 838.60 billion by 2029, exhibiting a CAGR of 5.3% during the forecast period.

According to a report published by market research company IMARC Group, the Indian snacks market size was Rs 42,694.9 crore in 2023 and is expected to reach Rs 95,521.8 crore by 2032, exhibiting a growth rate (CAGR) of 9.08% during the forecast period.

According to a Mordor Intelligence report, the snack food market is projected to grow significantly. Its size is expected to increase from USD 256.26 billion in 2023 to USD 559.26 billion by 2028. This represents a compound annual growth rate (CAGR) of 16. 89% during the forecast period of 2023-2028.

In the study, researchers learned that snacks accounted for 19.5% to 22.4% of people's energy intake every day. For example, if the average adult consumes 2,500 calories per day, eating almost 500 calories of snacks is 20% of their daily intake.

Manufacturers also include several pretzel and chip bakeries in Hanover, Pennsylvania, which holds the nickname "the snack capital of the world", as well as other examples like Hershey, Pennsylvania, home of the Hershey Chocolate Company and Asher's Chocolate Co., in Souderton, Pennsylvania.

In 2018, Perfect Snacks generated approximately $70 million in net revenue.

Revenue in the Potato Chips market amounts to US$49.07bn in 2024. The market is expected to grow annually by 6.56% (CAGR 2024-2028). In global comparison, most revenue is generated in the United States (US$10,150m in 2024).

Generally speaking, healthy snack food business makes a profit margin of around 40%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business.

What are the trends in the snack industry in 2024? ›

Mindfulness, purposeful grazing and adventurous eating are among the top snacking trends for 2024/25, according to US FMCG giant Mondelez International's fifth annual State of Snacking report. We highlight the most interesting findings.

Top snack and bakery companies worldwide in 2023

Nestlé S.A. had sales of approximately 103.9 billion U.S. dollars in 2023, making them the leading snack and bakery product company in the world by a comfortable margin.

Naturally, the snack food industry is very competitive. With sales expected to reach over 32.6 billion U.S. dollars by 2026, savory snacks represent a significant segment of the market. Potato chips often come to mind when thinking about snacks and are a major part of the snack food market.

The United States leads in consumption, with individuals indulging 1-3 times per week, contributing to an annual expenditure of $160 billion. This significant intake is reflected in the habits of 37% of American adults who consume fast food daily and 83% of households that do so weekly.

Amber Murayi, Hershey's vice president of strategy, said that while snacking has long been part of U.S. consumers' lives, the pandemic drove a significant increase. It spurred demand for foods such as popcorn and candy, which people have continued eating during family movie nights or other group activities, she said.

Ranked as the number one cuisine in the world, Italian food is a favorite internationally. With so many wonderful dishes originating from this country, it is almost impossible to pick just one.

According to daily calorie intake, Austria consumes more calories than any other country, followed by the United States. According to the Food and Agricultural Organization (FAO) Food Balance Sheets, food consumption refers to the available food for human consumption.