Nestlé S.A. had sales of approximately 103.9 billion U.S. dollars in 2023, making them the leading snack and bakery product company in the world by a comfortable margin. By comparison, PepsiCo stood in second place that year, with sales of about 86.4 billion dollars.
Dollar sales growth of chocolate nibbles
Milk chocolate was unrivaled in terms of U.S. confectionery dollar sales growth: compared to the previous year, milk chocolate sales in the United States grew by over 300 million U.S. dollars. Ranking second, sales of chewy candy grew by roughly 65 million U.S. dollars. Several product categories, such as non-chocolate bars and hard candy, generated fewer sales in 2019 than in 2018.
Meaty snacks in c-stores
Jack Link’s, a meat snacks company best known for making beef jerky, accounted for nearly half of all meat snack sales in U.S. convenience stores in 2019. Roughly a fifth of the dollar sales was accounted for by Slim Jim, Jack Link’s top competitor. Each of the brands generated over 300 million U.S. dollars’ worth of dried meat sticks sales in American c-stores that year.
FAQs
Nestlé S.A. had sales of approximately 103.9 billion U.S. dollars in 2023, making them the leading snack and bakery product company in the world by a comfortable margin. By comparison, PepsiCo stood in second place that year, with sales of about 86.4 billion dollars.
What are the biggest snack cake companies? ›
Well-known American manufacturers of snack cakes include Hostess, Little Debbie, Dolly Madison, Tastykake and Drake's.
What snack brand makes the most money? ›
Nestlé rocked the snack market in 2023 with sales hitting around $103.9 billion.
What is the outlook for the snack industry? ›
According to a Mordor Intelligence report, the snack food market is projected to grow significantly. Its size is expected to increase from USD 256.26 billion in 2023 to USD 559.26 billion by 2028. This represents a compound annual growth rate (CAGR) of 16. 89% during the forecast period of 2023-2028.
Which country eats the most snacks? ›
Per-capita volume sales in the snack food market worldwide by country in 2023. From the selected regions, the ranking by average volume per capita in the 'Snack Food' segment of the food market is lead by Bulgaria with 21.04 kilograms and is followed by the United States (20.67 kilograms).
Who is the number one snack company in the world? ›
Founded in 1866 by Henri Nestlé, Nestlé S.A. is a Swiss multinational food and drink processing company based in Vevey, Switzerland. It is the largest food company in the world, known for products ranging from baby food and coffee to dairy products and chocolate.
What is the world's largest bakery company? ›
Bimbo Bakeries USA is proud part of Grupo Bimbo, the world's largest baking company with operations in 35 countries.
What is the #1 selling snack in the US? ›
Rice Krispies Treats Are America's Most Popular Snack
The customer and data-centric platform HubScore recently released its Favorite Snack By State Report, showcasing the most sought-after munchies nationwide.
What is the most profitable food company? ›
Nestle – Nestle is a Swiss multinational food and drink processing conglomerate. It is the largest food company in the world, with revenues of over $92 billion in 2020.
What is the snack market in 2024? ›
Revenue in the Snack Food market amounts to US$251.10bn in 2024. The market is expected to grow annually by 6.33% (CAGR 2024-2029). In global comparison, most revenue is generated in the United States (US$52bn in 2024).
Future of Snacking Based on Consumer Preferences and Market Trends. As the snacking landscape transforms, it's vital for food businesses looking to innovate and tap into this profitable market segment to stay updated on trends and deeply understand consumer preferences.
How do I market my snack business? ›
How to Use Marketing Plan for Snack Food
- Define your target audience. Start by clearly identifying your target audience for your snack food product. ...
- Set clear marketing objectives. ...
- Develop a comprehensive marketing strategy. ...
- Implement and track your marketing efforts.
Ranked as the number one cuisine in the world, Italian food is a favorite internationally. With so many wonderful dishes originating from this country, it is almost impossible to pick just one.
What is the snack food capital of the world? ›
Manufacturers also include several pretzel and chip bakeries in Hanover, Pennsylvania, which holds the nickname "the snack capital of the world", as well as other examples like Hershey, Pennsylvania, home of the Hershey Chocolate Company and Asher's Chocolate Co., in Souderton, Pennsylvania.
What are the snack cakes in the US? ›
- Little Debbie.
- Hostess.
- Great Value.
- Little Bites.
- Marinela.
- Tastykake.
- Entenmann's Donuts.
- Bimbo Snacks.
For over 30 years, Hansen's Cakes in Los Angeles has been making cakes for the Kardashian-Jenner family — specifically their flower-topped basket weave cake.
What is the oldest snack cake? ›
Continental Baking created its original CupCake (which looked almost identical, just without the classic white swirl you'll now see on top) in 1919, claiming it was the first-ever individually packaged snack cake.
Who is the famous cake maker on food Network? ›
Buddy Valastro
It's safe to say that baking is in Buddy Valastro's blood. He learned the ins and outs of his family's bakery while growing up there and working alongside his father, Buddy Sr. Today, Buddy specializes in over-the-top cakes and authentic Italian pastries.
