Snac World - Official State of the Industry 2024 - 15

STATE OF THE INDUSTRY
TOP SNACK BRANDS
Product
Total*
Cookies
Crackers
Potato Chips
Bars
Tortilla/Tostada Chips
Other Salted Snacks
Snack Nuts/Seeds
Cheese Snacks
Dried Meat Snacks
Pretzels
Corn Snacks
RTE Popcorn/Caramel Corn
Snack Mix
Pork Rinds
Apple Chips
Dollar Sales
($mil)
$68,358.7
$11,654.2
$9,412.3
$8,621.5
$7,051.5
$6,905.4
$6,607.8
$4,944.9
$2,867.0
$2,559.2
$2,014.4
$1,914.3
$1,804.5
$1,599.2
$392.3
$10.2
Unit Sales
(mil)
16,795.6
2,957.9
2,437.6
2,694.8
1,394.9
1,876.0
1,132.6
963.3
827.8
492.4
494.2
571.3
468.7
329.5
151.9
2.7
Volume Sales
(mil lb)
10,967.0
2,413.5
1,829.3
1,297.4
867.0
1,270.8
778.8
795.9
368.6
137.6
442.3
265.2
197.9
258.5
43.6
0.6
Source: Circana
Total US - Multi-outlet | 52 Weeks Ending 1-28-24 | Note: Many companies may have multiple brand listings in the Circana data.
*Includes SNAC State of the Industry report categories only
Producers are responding as anticipated volume
growth value exceeds the cost of investment needed.
Some supply chain hurdles will likely remain for
most producers.
" While raw material sourcing shows signs of improvement,
we continue to experience inflationary
pressures throughout our operations, " Morgan said.
Consumers are pulling out all the stops to make
ends meet in a tough economy. Mass and convenience
channels are gaining household penetration
in unit sales.
" Mass channels offer value, while convenience
stores offer accessibility of products. Club channels
also increased unit sales, and Internet outlets increased
volume on overall core snacking. Specialty
stores saw an uptick in unit sales as well, " Lyons
Wyatt observed.
Retail still reigns as the primary channel for snack
purchases, though Lyons Wyatt also noticed there
has been some movement by younger generations,
Gen Z and millennials, who say they have bought
snacks at quick-serve locations. Younger consumers
are typically more mobile, triggering shifts in
where they buy and what they consume.
" We're seeing nice growth in c-stores, " Singleton
said. " When you look at the pork rinds market in
general, c-stores are one of the healthiest of channels. "
Snack
growth has also been impacted by acquisition
activity within the industry. For example,
Hanover, Pa-based Utz Brands Inc. announced that
certain subsidiaries, including Utz Quality Foods
LLC, have entered into a definitive agreement for
the sale of certain assets and brands to Boonton,
NJ-based Our Home, an operating company of
Better-for-You brands. Our Home has acquired the
2024 SNAC WORLD
15

Snac World - Official State of the Industry 2024

Table of Contents for the Digital Edition of Snac World - Official State of the Industry 2024

Snac World - Official State of the Industry 2024 - Intro
Snac World - Official State of the Industry 2024 - 1
Snac World - Official State of the Industry 2024 - 2
Snac World - Official State of the Industry 2024 - 3
Snac World - Official State of the Industry 2024 - 4
Snac World - Official State of the Industry 2024 - 5
Snac World - Official State of the Industry 2024 - 6
Snac World - Official State of the Industry 2024 - 7
Snac World - Official State of the Industry 2024 - 8
Snac World - Official State of the Industry 2024 - 9
Snac World - Official State of the Industry 2024 - 10
Snac World - Official State of the Industry 2024 - 11
Snac World - Official State of the Industry 2024 - 12
Snac World - Official State of the Industry 2024 - 13
Snac World - Official State of the Industry 2024 - 14
Snac World - Official State of the Industry 2024 - 15
Snac World - Official State of the Industry 2024 - 16
Snac World - Official State of the Industry 2024 - 17
Snac World - Official State of the Industry 2024 - 18
Snac World - Official State of the Industry 2024 - 19
Snac World - Official State of the Industry 2024 - 20
Snac World - Official State of the Industry 2024 - 21
Snac World - Official State of the Industry 2024 - 22
Snac World - Official State of the Industry 2024 - 23
Snac World - Official State of the Industry 2024 - 24
Snac World - Official State of the Industry 2024 - 25
Snac World - Official State of the Industry 2024 - 26
Snac World - Official State of the Industry 2024 - 27
Snac World - Official State of the Industry 2024 - 28
Snac World - Official State of the Industry 2024 - 29
Snac World - Official State of the Industry 2024 - 30
Snac World - Official State of the Industry 2024 - 31
Snac World - Official State of the Industry 2024 - 32
Snac World - Official State of the Industry 2024 - 33
Snac World - Official State of the Industry 2024 - 34
Snac World - Official State of the Industry 2024 - 35
Snac World - Official State of the Industry 2024 - 36
Snac World - Official State of the Industry 2024 - 37
Snac World - Official State of the Industry 2024 - 38
Snac World - Official State of the Industry 2024 - 39
Snac World - Official State of the Industry 2024 - 40
Snac World - Official State of the Industry 2024 - 41
Snac World - Official State of the Industry 2024 - 42
Snac World - Official State of the Industry 2024 - 43
Snac World - Official State of the Industry 2024 - 44
Snac World - Official State of the Industry 2024 - 45
Snac World - Official State of the Industry 2024 - 46
Snac World - Official State of the Industry 2024 - 47
Snac World - Official State of the Industry 2024 - 48
Snac World - Official State of the Industry 2024 - 49
Snac World - Official State of the Industry 2024 - 50
Snac World - Official State of the Industry 2024 - 51
Snac World - Official State of the Industry 2024 - 52
Snac World - Official State of the Industry 2024 - 53
Snac World - Official State of the Industry 2024 - 54
Snac World - Official State of the Industry 2024 - 55
Snac World - Official State of the Industry 2024 - 56
Snac World - Official State of the Industry 2024 - 57
Snac World - Official State of the Industry 2024 - 58
Snac World - Official State of the Industry 2024 - 59
Snac World - Official State of the Industry 2024 - 60
Snac World - Official State of the Industry 2024 - 61
Snac World - Official State of the Industry 2024 - 62
Snac World - Official State of the Industry 2024 - 63
Snac World - Official State of the Industry 2024 - 64
Snac World - Official State of the Industry 2024 - 65
Snac World - Official State of the Industry 2024 - 66
Snac World - Official State of the Industry 2024 - 67
Snac World - Official State of the Industry 2024 - 68
Snac World - Official State of the Industry 2024 - 69
Snac World - Official State of the Industry 2024 - 70
Snac World - Official State of the Industry 2024 - 71
Snac World - Official State of the Industry 2024 - 72
https://www.nxtbook.com/sosland/sw/snac-world-official-state-of-the-industry-2024
https://www.nxtbook.com/sosland/sw/snac-world-official-state-of-the-industry-2023
https://www.nxtbook.com/sosland/sw/snac-world-official-state-of-the-industry-2022
https://www.nxtbook.com/sosland/sw/snac-world-official-state-of-the-industry-2021
https://www.nxtbook.com/sosland/sw/2020_08_01
https://www.nxtbook.com/sosland/sw/2020_02_01
https://www.nxtbook.com/sosland/sw/2019_08_01
https://www.nxtbook.com/sosland/sw/2019_02_01
https://www.nxtbook.com/sosland/sw/2018_08_01
https://www.nxtbook.com/sosland/sw/2018_02_01
https://www.nxtbook.com/sosland/sw/2017_11_01
https://www.nxtbook.com/sosland/sw/2017_08_01
https://www.nxtbook.com/sosland/sw/2017_05_01
https://www.nxtbook.com/sosland/sw/2017_02_01
https://www.nxtbook.com/sosland/sw/2016_11_01
https://www.nxtbook.com/sosland/sw/2016_08_01
https://www.nxtbook.com/sosland/sw/2016_05_01
https://www.nxtbook.com/sosland/sw/2016_02_01
https://www.nxtbook.com/sosland/sw/2015_11_01
https://www.nxtbook.com/sosland/sw/2015_08_01
https://www.nxtbook.com/sosland/sw/2015_05_01
https://www.nxtbook.com/sosland/sw/2015_02_01
https://www.nxtbook.com/sosland/sw/2014_11_01
https://www.nxtbook.com/sosland/sw/2014_08_01
https://www.nxtbook.com/sosland/sw/2014_05_01
https://www.nxtbook.com/sosland/sw/2014_02_01
https://www.nxtbook.com/sosland/sw/2013_11_01
https://www.nxtbook.com/sosland/sw/2013_08_01
https://www.nxtbook.com/sosland/sw/2013_05_01
https://www.nxtbook.com/sosland/sw/2013_02_01
https://www.nxtbook.com/sosland/sw/2012_11_01
https://www.nxtbook.com/sosland/sw/2012_08_01
https://www.nxtbook.com/sosland/sw/2012_05_01
https://www.nxtbook.com/sosland/sw/2012_02_01
https://www.nxtbook.com/sosland/sw/2011_11_01
https://www.nxtbook.com/sosland/sw/2011_08_01
https://www.nxtbook.com/sosland/sw/2011_05_01
https://www.nxtbook.com/sosland/sw/2011_02_01
https://www.nxtbook.com/sosland/sw/2010_11_01
https://www.nxtbook.com/sosland/sw/2010_08_01
https://www.nxtbook.com/sosland/sw/2010_05_01
https://www.nxtbook.com/sosland/sw/2010_02_01
https://www.nxtbook.com/sosland/sw/2009_11_01
https://www.nxtbook.com/sosland/sw/2009_08_01
https://www.nxtbook.com/sosland/sw/2009_05_01
https://www.nxtbook.com/sosland/sw/2009_02_01
https://www.nxtbook.com/sosland/sw/2008_12_01
https://www.nxtbook.com/sosland/sw/2008_10_01
https://www.nxtbook.com/sosland/sw/2008_08_01
https://www.nxtbook.com/sosland/sw/2008_04_01
https://www.nxtbookmedia.com