Snack Food Market Expected Growth to $220 Billion by 2025
In 2015 the global savory snack food market was worth $94.3 billion and is expected to grow to $220 billion by 2025 according to the 2018 Assessment of the Snack Foods Market report produced by PMMI, The Association for Packaging and Processing Technologies.
North America is the second largest market for snack foods, accounting for 33 percent of market value. Of the North American snack food market, sweet snacks account for 60 percent, and savory snacks account for 40 percent, with savory snacks growing at a greater rate than sweet, the report states.