U.S. Snack Food Imports Hit New High in 2024, Market Sales Surge
Snack food imports into the U.S. hit a new high in 2024, marking the twelfth consecutive year of growth. Meanwhile, the U.S. snack food market saw a significant increase in sales value, reaching $X in 2024. Kellanova, once known as Kellogg's, remains a major player in the stock market, with a history of notable acquisitions like Keebler Foods.
In 2024, the U.S. imported X tons of snack food, a X% increase from the previous year. This growth is part of a larger trend, with imports rising annually since 2013. The U.S. snack food market's sales value also grew by X% to $X in 2024, with an average annual growth rate of X% from 2013 to 2024.
The most notable growth in the market occurred in 2021, with a X% increase. However, exports decreased by X% to X tons in 2024, ending a four-year rising trend. Despite this, the U.S. snack food production amounted to $X in 2024, with an average annual increase of X% since 2013.
Canada was the top destination for U.S. snack food exports in 2024, with a X% share. However, Mexico was the largest supplier to the U.S., accounting for a X% share of total imports. The average import price per ton rose to $X in 2024, a X% increase from the previous year.
The U.S. snack food market continues to grow, with imports and production reaching record highs in 2024. Despite a decrease in exports, the market remains robust, with Canada and Mexico as key trading partners. Kellanova's presence as a major supplier indicates a strong and competitive stock market, with potential for further growth.
