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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

The Snack Food Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 10-15
4.3%
Annual Growth 15-20
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Profit
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Employment
55,247
Businesses
535
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

 


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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