Industry Analysis & Industry Trends
Volatile input prices, changing consumer trends and a saturated market are just some of the changes facing the Snack Food Manufacturing industry. While the industry has shown glimpses of promise in the five years through 2013-14, the industry has been plagued with rising commodity prices, turbulent economic conditions and increasingly health-conscious consumers that have ditched snacking in favour of healthier alternatives. Over the five years through 2013-14, industry revenue is expected to increase by an annualised 2.2% to total $3.0 billion. In 2013-14, revenue is expected to increase by only 0.5%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Snack Food Manufacturing industry is the in mature stage of its life cycle, characterised by a saturated domestic market and a range of well-established products and producers. The primary concern for manufacturers is to maintain market share and induce sales growth through timely innovation and differentiation strategies. There have been minor advances in technology within the industry, primarily focused on improving efficiencies in the manufacturing process.
In the ten years through 2018-19, industry value added is expected to increase at an annualised 0.7%. During the same period, real GDP is forecast to grow by 2.5%, indicating that as the Australian economy is growing, the contribution of the Snack Food Manufacturing industry is declining... purchase to read more