openPR Logo
Press release

Wheat-Based Varieties to Hold Half the U.S. Snacks Market Revenue in 2018, Finds a New Study

11-22-2018 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Wheat-Based Varieties to Hold Half the U.S. Snacks Market

The snacks market in the United States is expected to generate revenues worth over US $ 21 Bn and growing at over 5% Y-o-Y in 2018 over 2017. Nearly 28% of the global snacks consumption was estimated to be concentrated in the United States in 2017. Overall growth of the U.S. snack market can be attributed to,

U.S. consumers’ increasing propensity for on-the-go food
Retail shelves filled with single-serve and grab-and-go snacks
Increased household spending on snacks
Consumer preference for healthy snacks and delivery of clean labelled snacks
The U.S. snacks marketplace is strictly regulated by FDA that monitors the aspects of food ingredients and food packaging, including snacks that are imported. Further, rising levels of obesity have significantly transformed consumer preferences wherein obesity conscious consumers are seeking healthy and clean labelled snacks.

Get the sample of the report at https://www.factmr.com/connectus/sample?flag=S&rep_id=50

Biscuits Dominate the Palate of U.S. Snack Consumers in 2018 with over Half the Market Share

Along with convenience, increasing preference for healthy yet convenient food has led the U.S. population to consume nearly worth US$ 11 Mn of biscuits in 2017. As manufacturers continue to introduce novel flavors, designs and varieties of biscuits wrapped in innovative packaging solutions, the US consumers’ love for biscuits is set to witness an upward trend in 2018.

The U.S. snacks market has witnessed the entry of multiple snack bar providers. Availability of a range of snack bars complements the on-the-go lifestyle of the U.S. consumers wherein the snack bar sales are expected to occupy over one-fourth of the U.S. snacks market revenue in 2018.

Supermarket/Hypermarket Leads Snacks Distribution in the U.S.

With its extensive network of food retail channels of supermarket and grocery, the United States distributes a considerable quantity of snacks through supermarket/hypermarket. The snacks distribution in the United States through supermarket/hypermarket accounted for nearly US$ 7 Bn in 2017.

Although convenience stores outnumber supermarket with their two fold presence, they accounted for the second largest distributor of snacks in 2017. Nearly 3 out of 10 snacks sold in 2017 were through convenience stores and the status quo is expected to continue in 2018.

Wheat remains the popular source for snacks product in the United States. Although oats, millets and other sources based snacks are consumed, the United States’ preference for wheat-based snacks registered over half the revenues of U.S. snacks market in 2017. The demand is likely to continue in 2018 with an estimated increase of nearly US$ 500 Mn over 2017.

The U.S. snack marketplace is highly consolidated at the top with the presence of industry titans such as General Mills and Kellogg’s among others. Well aware of the opportunities in the U.S. snack marketplace, manufacturers are leveraging expansion strategies to gain profitability.

In Nov 2018, globally popular Australian candy snack bar Violet Crumble initiated a partnership with British Wholesale Imports Inc. to expand the retail network in the United States. In May 2018, the food and beverage giant PepsiCo announced plans to acquire Bare Foods Co., a fruit and vegetable snack maker in the U.S. Kellogg’s, one of the prominent player in the U.S. re-launched its Special K cereal bars with an aim to introduce healthier options for consumers.

Technology penetration and increasing pool of discriminating consumers have transformed the U.S. consumer preference for food wherein they are highly seeking snacks between meals to satisfy food cravings. In addition, demand for traditional snacks is declining with the availability of healthy snacks options such as snack bars, fruit snacks and cookies.

The aforementioned insights and numbers are according to a Fact.MR study which also tracks the performance of the U.S. snacks market for the period 2017-2022.

Report Overview at https://www.factmr.com/report/50/snacks-market

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wheat-Based Varieties to Hold Half the U.S. Snacks Market Revenue in 2018, Finds a New Study here

News-ID: 1392315 • Views:

More Releases from Fact.MR

Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 2034 | Fact.MR
Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 20 …
Fact.MR today released its latest report on the Intelligent Transport System (ITS) Market, projecting robust growth driven by increasing urbanization, rising demand for efficient traffic management, and advancements in smart mobility technologies. Valued at USD 30.66 billion in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 7.6%, reaching USD 63.77 billion by 2034. This significant growth underscores the critical role of ITS
Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Players: Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., and Samsung Electronics Co Ltd
Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Player …
Digital Door Lock System Market is valued at USD 11 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 16%, reaching USD 48.7 billion by 2034. This remarkable growth is driven by the increasing popularity of smart homes, which integrate advanced security features for enhanced convenience and protection. Digital door lock systems, utilizing technologies like biometrics and wireless connectivity, offer keyless entry, remote
Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion by 2033 | Key Players: Cisco Systems, Siemens AG, Honeywell International Inc., Robert Bosch GmbH, Schneider Electric SE
Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion b …
The global electronic access control systems market is valued at USD 14.64 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.3%, reaching USD 32.5 billion by 2033. This growth is driven by the increasing need for advanced security solutions amid rising threats of terrorism, break-ins, and data breaches. Electronic access control systems, encompassing biometrics, card-based, keypad, intruder alarm, and perimeter security technologies,
Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fact.MR Report
09-01-2025 | Health & Medicine
Fact.MR
Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fa …
Neurology Devices Market was valued at USD 10,944.3 million in 2024 and is forecasted to expand at a CAGR of 6.7%, reaching USD 22,335.5 million by 2035. This growth reflects the increasing demand for advanced diagnostic and therapeutic tools to address neurological disorders, including Alzheimer's disease, Parkinson's disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Neurology devices play a crucial role in diagnosing, preventing, and treating these

All 5 Releases


More Releases for United

AI Image Recognition Market Will Hit Big Revenues In Future | Google (United Sta …
According to HTF Market Intelligence, the Global AI Image Recognition market to witness a CAGR of 13.42% during the forecast period (2024-2030). The Latest Released AI Image Recognition Market Research assesses the future growth potential of the AI Image Recognition market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify
Movable Walls Market By Top Key Players- Hufcor (United States), Dormakaba (Swit …
Global Movable Walls Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the electronic equipment market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external
Military Personal Protective Equipment Market 2024 | 3M Ceradyne (United States) …
Military personal protective equipment has become a crucial and standard element of soldier equipment. One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Iraq, Afghanistan and India among others. The demand for military personal protective equipment is anticipated to be driven by modernization initiatives undertaken by several large defense spenders globally and various internal security threats,
Internet of Things Market 2021 | Google Inc. (United States), Cisco Systems Inc. …
The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable and
Logistics Market | Global Growing Industry Key Players - J.B. Hunt Transport Ser …
Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Logistics Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Logistics Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the
Global Logistics Market 2024 | Key Players : J.B. Hunt Transport Services (Unite …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Logistics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. Request for a sample of this research report @ https://www.mrrse.com/sample/2184 Logistics is