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 Products Chapter
Nuts and nut butter
This segment encompasses a variety of salted or roasted nuts and seeds, such as peanuts, walnuts, sunflower seeds and watermelon seeds. It also includes nut butter, which is butter produced by crushing nuts, including peanut butter and almond butter. Together, roasted and salted nuts, seeds and nut butters generate an estimated 33.4% of industry revenue.
Demand for products in this segment has grown over the past five years, due to consumers' growing awareness of the health benefits of nuts, in addition to the variety of flavors available. While many people consume seeds and nuts as snacks throughout the day, a growing number of consumers are incorporating these foods into their meals... purchase to read more