LONDON, Oct. 10, 2016 /PRNewswire/ -- Summary
The US is the largest savory snacks market in world, despite being the world's third most populous country, worth over US$30 billion with a volume of three kg billion as of 2015. This is due to consumers' high disposable income and busy lives, which encourage snacking throughout the day; this particularly explains young adults' high snacking occasions. The Processed Snacks and Potato Chips segments are most dominant in the market, accounting for 43.2% and 22.6% respectively. The market is forecast to grow at CAGR of 2.0% from 2015-2020 but will lose its place as the biggest Savory Snacks market in the world to India.
- Processed Snacks is the biggest segment, accounting for 43.2% of the total US Savory Snacks market
- Meat snacks will grow at a CAGR of 11.1% between 2015 and 2020; making it the fastest-growing segment in the market
- Women have the most Savory Snacks occasions in the US at 43.6 billion, compared to men's 42.6 billion
- Due to the US's aging population, Older Consumers have the most Savory Snacks occasions of all age groups, at 22.3% of total occasions
"Consumer and Market Insights: Savory Snacks in the US," is an analytical report by Canadean that provides extensive and highly detailed current and future market trends in the American market.
What else does this report offer?
- Market size and structure of the overall and per capita consumption based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise
- Detailed information such as market shares and the recent developments of manufacturers and leading brands, along with company profiles
- Regulations, taxation, retail pricing, smoking habits, and the growing health concerns affecting overall production
- Prospects and forecasts of overall sales and consumption for 2015 to 2025
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