Americans Spend Big on Chips

Published online: Oct 12, 2016
Viewed 3577 time(s)

Americans spent $7.5 billion on potato chips in 2015, an average of roughly $23 for every man, woman and child, according to a recent report by Packaged Facts, a market research publisher.

According to the USDA, potato chips are the most eaten form of potatoes in American homes. In fact, sales at American restaurants and bars surpassed those at grocery stores in 2015 for the first time since data collection by the U.S. Department of Commerce started in 1992.

Globally, fast food generates more than $570 billion in revenues, which is on par with Sweden’s total gross domestic product (GDP) at its peak in 2013 and 2014.

In the U.S., fast food revenues hit $200 billion in 2015, a staggering climb over the $6 billion in revenues in 1970, according to an industry analysis by FranchiseHelp.com. That equates to about $625 per person in the country spent at fast food restaurants for the year.

 

Source: Potato Business