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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 2016

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 Investment Chapter

The Snack Food Production industry exhibits a moderate level of capital intensity. For every dollar spent on labor, the industry is expected to spend about $0.25 on capital in 2016. The production of snacks involves extensive use of machinery that cannot be achieved through manual labor. For instance, industrial fryers and ovens are needed for chip production, while shelling machinery is used for nut products.

However, capital intensity varies considerably with the size of the manufacturer. The largest snack food manufacturers have a higher capital to labor ratio as they mass produce large quantities of goods. Small- to medium-size producers usually have a lower capital to labor ratio because they lack the resources to invest in expensive technology and equipment... 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 seedsPeanut butterTortilla and corn chipsOther chipsOther snacks
 
Industry Activities
Producing nuts and nut butterProducing potato chipsProducing corn chipsProducing other snacks


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