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Snack Food Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Snack Food Production Market Research Report | NAICS 31191 | Apr 2014

Snack on: Producers will adapt to changing diets and food preferences to boost growth

IBISWorld’s Snack Food Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 09-14
3.8%
Annual Growth 14-19
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Profit
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Employment
46,018
Businesses
542
Industry Analysis & Industry Trends

Over the past five years, a growing number of consumers became more aware of the negative health effects of eating foods that contain high levels of sodium, so producers of the Snack Food Production industry quickly adapted to changing consumer tastes by offering more healthy options, such as 100-calorie packs and low-sodium versions of existing products. Forecast increases in household disposable income and continued innovation of healthy snacks will help drive demand for industry products, boosting industry revenue in the five years to 2019... purchase to read more

Industry Report - Industry Investment Chapter

The Snack Food Production industry exhibits a high level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every dollar spent on labor in the industry, $0.57 will be spent on capital in 2014. This figure represents an increase from 2009. Industry operators require a high level of capital investment because modern manufacturing plants require sophisticated technology and equipment to produce large volumes efficiently. The largest snack food manufacturers have undertaken significant capital expenditures over the past five years, helping raise the level of this industry's capital intensity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Snack Food Production Industry?

This industry includes manufacturers that produce snack foods, including potato and corn chips, pretzels, popcorn and other similar snacks. Industry operators do not produce cookies and crackers (IBISWorld report 31182), bakery products (31181) or cereal and granola bars (31123).

Industry Products
Potato chipsTortilla and corn chipsNuts, seeds and peanut butterOther snacks
 
Industry Activities
Salting, roasting, drying, cooking or canning nutsProcessing grains or seeds into snacksProducing peanut butterManufacturing potato chipsProducing corn chipsProducing popped popcornProducing pretzels (except soft)Manufacturing pork rindsProducing rice cakes


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