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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 | Feb 2017

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
$39bn
Annual Growth 12-17
2.7%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
55,137
Businesses
3,092
Industry Threats & Opportunities
  • Producers introduced healthier snacks to lure health-conscious consumers
  • Successful manufacturers are able to charge a premium due to consumers’ brand loyalty
  • Snack food producers are expected to introduce more nutritious extensions of existing snack lines
  • ... purchase to read more

Industry Analysis & Industry Trends

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 over 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 Report - Industry Key Buyers Chapter

The Snack Food Production industry has a moderate level of market share concentration, with the top four players accounting for 56.3% of industry revenue. The industry is dominated by PepsiCo, which owns many recognizable brands (through its Frito-Lay division) and accounts for over one-third of industry revenue alone. Larger snack producers in this industry are able to leverage economies of scale in production, as well as established networks of procurement and distribution to maximize profit. Some have acquired smaller companies to expand their product portfolio and reach broader markets. One such example is Snyder's Lance acquiring Diamond Foods in late 2015. Sti.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Healthy eating index
  • Price of corn
  • Trade-weighted index
  • Current Performance
  • Health and variety
  • High profit
  • Low import competition
  • Chart: Revenue Growth
  • Industry Outlook
  • New products
  • Stable costs and rising demand
  • Table: Snack Food Production Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Snack Food Production Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Snack Food Production
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Snack Food Production Industry
  • Industry Globalization
    Major Companies
    PepsiCo Inc.
    Snyder's-Lance, Inc.
    ConAgra Brands Inc.
  • Table: PepsiCo Inc. - financial performance
  • Table: Snyder's-Lance, Inc. - financial performance
  • Table: ConAgra Brands Inc. - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Snack Food Production Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.
  • Wholesale Bypass
  • Retailers that possess sufficient market power can purchase goods in bulk directly from manufacturers and forego the additional costs incurred by sourcing goods from wholesalers.

  • Why Buy this Report?
    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 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.

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