SNACtrac

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SNACtrac is a member-exclusive industry data platform that presents detailed trending data for key U.S. economic and snack food industry-specific indicators.

Updated on a quarterly basis, the information presented is designed to help SNAC International members better understand the current state of the business climate in the U.S. snack food industry, identify existing and potential industry trends, recognize critical factors impacting supply and demand, and help position members to adapt to evolving circumstances.

To view the full Industry Indicators report and the SNACshot Survey, login to your member account.

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Questions about SNACtrac or SNAC Membership? Email David Walsh.

2024 Q3 Highlights

SNACtrac Industry Indicators

  • According to Circana, total Snack Food dollar sales in the third quarter of 2024 totaled $19.8 billion, an increase of 1.7% compared to the corresponding quarter in 2023. Unit sales were also up 1.5% for the same period. Within savory snacks, potato chips, pretzels, and corn snacks experienced substantial dollar and unit sales increased compared to a year ago.
  • The Consumer Price Index for Snack Foods continued to decline by 2.5% in September 2024 compared to the previous year, following significant increases in the CPI that began during the inflationary period in 2022.
  • Unemployment decreased slightly to 4.1% in September 2024. Unit Labor Costs are leveling out somewhat, with an increase of 2.1% for 2024Q3 compared to the same quarter a year ago. The average hourly wage for the manufacturing sector (nondurable goods) was up 3.6% compared to a year ago.

  • In the area of transportation and packaging, diesel fuel costs continued to decline, down 22.0% compared to a year ago, although the LMI Transportation Prices Subindex was up a substantial 35.3%. The Producer Price Index (PPI) for Corrugated and Solid Fiber Box Manufacturing was up in September 2024, while the PPI for Plastics Material and Resin Manufacturing was down slightly from this period a year ago.

SNACshot Survey

  • Company outlook for snack food manufacturers increased slightly in 2024Q3, with 100% expressing a ‘positive’ outlook for the next 6 months, compared to 95% in 2024Q2.
  • Among ingredient, equipment and packaging manufacturers, 82% indicated a ‘positive’ company outlook, up from 74% in the second quarter of 2024.
  • In the area of sales, 37% of snack food manufacturers reported increased sales in 2024Q3, down from 50% reporting increased sales in 2024Q2 compared to the first quarter. Twenty-one percent of snack food manufacturers reported decreased sales in 2024Q3, down from 17% in the second quarter.
  • Labor costs are the highest rated business challenge among all respondents, with 59% of snack, ingredient, equipment and packaging manufacturers citing labor costs as the top issue in 2024Q3, up from 49% in 2024Q2.
  • Concerns about a weaker domestic economy and sales for products to U.S. customers remained steady from the second quarter, with 45% of all respondents citing this as a top concern in 2024Q3.
  • Unease over increased raw material costs round out the top three challenges, with 43% of all manufacturers reporting this business challenge in 2024Q3. Concerns about inflationary pressures are on the decline (49% in 2024Q3 vs. 39% in 2024Q2).

What is SNACtrac?​

The SNACtrac Industry Summary report presents at-a-glance topline trends for key U.S. economic and snack food industry indicators. Updated quarterly, this overview provides a high-level view of the state of snack food industry to aid in planning and critical decision making.

SNACtrac Industry Indicators

This report contains detailed trending data for key industry indicators most helpful in understanding the changing health of the U.S. snack food industry, as provided by data from Circana, Milling & Baking News, USDA and more. The complete report is only available to SNAC members.

SNACshot Survey

A confidential online survey among SNAC International members is conducted quarterly, reflecting global and U.S. industry outlook, company outlook, and top business challenges. The full results of this survey are only available to SNAC members.

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