Snack break: Healthier products and more innovative flavors will boost industry growth

The Snack Food Production industry 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. Shifting food consumption trends have affected the strategies of snack food producers during the period. Specifically, growing health concerns about eating foods high in sodium, fat and sugar have made some consumers wary of consuming traditional snacks. The industry's future looks promising, with improving economic conditions expected to further lift demand for snacks...purchase to read more.

Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 13-18
3.1%
Forecast Growth 18-23
Profit
Employment
59,386
Businesses
3,527
Market Share of Companies

Industry Threats & Opportunities

  • Shifting food consumption trends have affected the strategies of snack food producers during the period
  • Falling commodity costs have also benefited snack producers over the past five years
  • Snack food producers are expected to introduce more nutritious extensions of existing snack lines
  • 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 2023, industry value added (IVA), which measures an industry’s contribution to the overall economy, is projected to increase at an annualized rate of 4.4%. In comparison, GDP is forecast to grow at an annualized rate of 2.2% in the same 10-year period. Typically, an IVA that grows at a faster rate than the overall economy is a strong indicator that an industry is in the growth life cycle stage...purchase to read more.

    Additional Insights for the Snack Food Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Snack Food Production Industry are

  • Ability to adapt to change
  • Ability to pass on cost increases
  • Product differentiation
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Healthy eating index in the Snack Food Production industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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 chips
  • Nuts and seeds
  • Peanut butter
  • Tortilla and corn chips
  • Other chips
  • Other snacks
  • Industry Activities
  • Producing nuts and nut butter
  • Producing potato chips
  • Producing corn chips
  • Producing other snacks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Healthy eating index
  • Price of corn
  • Trade-weighted index

  • Current Performance
  • The spice of life
  • High profit
  • Low import competition
  • Chart: Revenue Growth

  • Industry Outlook
  • New products
  • Stable costs and rising demand
  • International trade
  • Table: Snack Food Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Snack Food Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores

  • Key Selling Industries
  • Corn Farming
  • Corn, Wheat & Soybean Wholesaling
  • Fruit & Nut Farming
  • Laminated Plastics Manufacturing
  • Oilseed Farming
  • Sugar Processing
  • Vegetable Farming
  • Wheat, Barley & Sorghum Farming

  • Products & Services
  • Nuts and seeds
  • Potato chips
  • Tortilla and corn chips
  • Other chips
  • Peanut butter
  • Other snacks
  • Chart: Snack Food Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Grocery wholesalers
  • Supermarket and grocery stores
  • Convenience stores
  • Exports
  • Chart: Major Market Segmentation for the Snack Food Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesMarketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Snack Food Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Snack Food Production Industry

  • Industry Globalization
    PepsiCo Inc., Snyder's-Lance Inc.,
  • Table: PepsiCo Inc. - financial performance
  • Table: Snyder's-Lance Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Snack Food Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Snack Food Production Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Artisanal
  • Goods that are not made by machines, but rather, involve a high degree of human labor and craftsmanship.
  • Clean Water Act (Cwa)
  • A federal law enacted in 1972 that governs water pollution.
  • Economies Of Scale
  • The increase in efficiency of production as the number of goods being produced increases.
  • Gluten
  • A mixture of proteins found in wheat and other grains such as barley and rye. Individuals with Celiac disease cannot process gluten which is also the ingredient that gives dough its chewy texture.
  • Nut Butter
  • Spreadable foodstuff created by crushing nuts such as peanuts or almonds.
  • Premium
  • When producers charge consumers a price for their product that is more than its nominal value.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Snack Food Production can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Snack Food Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Snack Food Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Snack Food Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear