Starting in 2023, the US saw a certain volume in sweet biscuits, waffles, and wafers imports. The forecasts from 2024 to 2028 indicate a steady growth in import volumes, highlighting incremental increases each year. Specifically, from 2024 onwards, there is an observable year-on-year rise averaging between 2% and 3%. The Compound Annual Growth Rate (CAGR) over this five-year forecast period suggests a consistent annual growth rate, aligning with the upward trend from 2023 levels.
Future trends to watch include shifts in consumer preferences towards healthier snack options, which may impact import volumes and drive diversification in flavors and ingredients used globally. Potential economic and trade policy changes could also influence these import dynamics significantly.
