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Snack Food Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Snack Food Manufacturing Market Research Report | ANZSIC C1191 | Apr 2016

Chipping away: Increasing health consciousness threatens industry revenue growth

IBISWorld’s Snack Food Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
4.0%
Annual Growth 16-21
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Profit
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Employment
3,390
Businesses
127
Industry Analysis & Industry Trends

Volatile input prices, changing consumer trends and a saturated market are just some of the challenges facing the Snack Food Manufacturing industry. Over the five years through 2015-16, volatile commodity prices, rising competition and increasingly health-conscious consumers choosing healthier snack alternatives are expected to constrain industry revenue growth. Over the five years through 2015-16, industry revenue is expected to increase by 4.0% annualised, to reach $2.0 billion. The high growth rate over the period 16 is overstated due to the low base year in 2010-11. In 2015-16, revenue is expected to decrease by 0.2% as pressures mount on the industry... purchase to read more

Industry Report - Industry Products Chapter

The majority of the industry's revenue is earned from the production of snack foods. Over the past five years, several new products have been introduced, such as healthier snacks, or snacks made from a variety of ingredients. Snack foods are classified into five major market segments: potato chips, extruded snacks, nuts and pretzels, corn chips and nutritious snacks.

Potato chips

Potato chips account for the largest share of industry revenue. This product segment has faced several obstacles over the past five years, such as the increasing number of healthier snacking alternatives and the introduction of new, non-potato-based snacks. However, new gourmet flavours, such as Frito-Lay's Red Rock Deli range of potato chips, have helped support sales in this segment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Snack Food Manufacturing Industry?

Companies in the industry mainly manufacture snack food products such as potato chips, corn chips, savoury snacks, nuts, pretzels and other similar snacks. Manufacturers buy raw materials like milled corn, wheat, potatoes, food extracts, flavourings, preservatives and sugar, for processing into snack foods. The finished products are then packaged and sold to wholesalers and retailers.

Industry Products
Potato chipsExtruded snacksNutritious snacksNuts and pretzelsCorn chips
 
Industry Activities
Corn chipsPotato chipsPretzelsSavoury specialtiesNut foodsHealth bar


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