Based on the provided data, the sales value of corn chips in the US stood at $7.8566 billion in 2023. Over the period from 2013 to 2023, corn chips sales demonstrated a generally upward trend, showing a steady increase year-on-year with a few fluctuations. The year-on-year growth rate for 2023 was 1.32%, while the Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) was 1.42%.
Significant variations include:
- The largest year-on-year growth was 3.48% in 2015.
- A notable dip occurred in 2022 with a -0.62% growth rate.
- The forecast from 2024 to 2028 suggests a CAGR of 0.94%.
Future trends to watch:
- Impact of health and wellness trends on snack consumption.
- Emerging flavors and organic product lines.
- The potential influence of economic conditions on consumer spending.
