Global consumers spent $374 billion on snack foods between 2013 and 2014
Global consumers spent $374 billion on snack foods annually between 2013 and 2014, a year-over-year increase of 2%, according to a new global report released by Nielsen, (Nielsen says this retail sales data is adjusted for inflation). While Europe ($167 billion) and North America ($124 billion) make up the majority of worldwide snack sales, annual snack sales are growing faster in the largely developing regions. Asia-Pacific ($46 billion) and Latin America ($30 billion) increased 4% and 9%, respectively, while sales in the Middle East/Africa ($7 billion) grew 5%.
The survey was conducted between Feb. 17 and March 7, and polled more than 30,000 consumers in 60 countries throughout Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America.