RAB Research and Sales Tips
Price hikes pushed snack sales up 15.6% in 2022 as volumes declined, report saysSnacking continues to resonate with consumers, making up 27% of all food and beverage sales in the U.S., according to SNAC International’s 2023 State of the Industry Report. Sales of salty snacks in 2022 grew to about $28.4 billion, an increase of 15.6% from the prior year. But volumes of snacks sold decreased 0.9% in the year. Source: FoodDive |
