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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 2015

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

IBISWorld’s Snack Food Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$36bn
Annual Growth 10-15
3.6%
Annual Growth 15-20
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Profit
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Employment
47,072
Businesses
523
Industry Analysis & Industry Trends

The Snack Food Production industry has experienced a resurgence over the past five years, benefiting from the introduction of more healthy snacks and favorable product pricing. Industry operators have successfully responded to shifting consumer tastes by introducing a variety of reduced-fat and low-calorie alternatives. Furthermore, new companies that specialize in nutritious snacks have entered the industry to capitalize on growing demand for these products. Over the next five years, the industry is expected to continue growing as the economy strengthens and per capita disposable income rises, enabling consumers to purchase snacks more frequently and trade up to branded and premium varieties... 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, $0.45 will be spent on capital in 2015. Industry operators require a high level of capital investment because modern manufacturing plants require sophisticated technology and equipment to produce large volumes efficiently. However, capital intensity varies considerably with the size of the manufacturer. 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 produces snack foods such as potato chips, corn chips, roasted and salted nuts, pretzels, popcorn and other similar snacks. However, it does not produce cookies, crackers, bakery products, cereal or granola bars.

Industry Products
Potato chipsNuts and nut butterTortilla and corn chipsOther chipsOther snacks
 
Industry Activities
Producing nuts and nut butterProducing potato chipsProducing corn chipsProducing other snacks


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