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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 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
$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 SWOT Analysis Chapter

The Snack Food Production industry is in the growth stage of its life cycle. Although most industry products experience full market acceptance, several key characteristics point to growth. Over the 10 years to 2021, industry value added (IVA), which measures an industry's contribution to the economy, is projected to increase at an annualized rate of 5.8%. In comparison, GDP is forecast to grow 2.2% per year on average over the same period.

Participation is high, with numerous new companies entering niche snack markets. In the 10 years to 2021, the number of industry operators has increased at an annualized 4.3%. Moreover, snack producers are highly innovative, with both small and large players consistently releasing new products such as kale and root vegetable chips... 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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