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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 | Dec 2015

Snack break: Healthier products and more innovative flavors will boost industry 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
$38bn
Annual Growth 11-16
3.7%
Annual Growth 16-21
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Profit
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Employment
50,969
Businesses
1,384
Industry Analysis & Industry Trends

The Snack Food Production industry has benefited from increased demand over the past five years. As the economy has continued to strengthen, discretionary income levels have climbed. In turn, renewed consumer spending has boosted sales of potato and tortilla chips, along with nuts and seeds. The industry's future looks promising, with improving economic conditions expected to further lift demand for snacks. Projected increases in per capita disposable income will enable some consumers to trade up to premium brands and product segments, helping drive revenue growth. Additionally, as consumers demand more healthy versions of existing snacks, operators are expected to introduce a wider variety of products... purchase to read more

Industry Report - Industry Analysis Chapter

The Snack Food Production industry has experienced steady growth over the five years to 2015. In the last decade, Americans have become increasingly health-conscious and have sought more nutritious alternatives to traditional snacks. In response, established industry operators have introduced a variety of reduced-fat and low-calorie options. Moreover, new companies have entered the market with innovative and unexpected snacks, allowing them to capitalize on shifting tastes. These newer products are priced at a premium, which has contributed to higher revenue and expanded profit margins over the period. Profit has been further improved by the price of key inputs such as corn and wheat, which have fallen for much of the period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Snack Food Production Industry?

This industry produces snack foods such as potato and corn chips, pretzels, roasted and salted nuts, nut butters, 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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