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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 2015

Under-consumption: Health trends, volatile input prices and strong competition have slowed growth

IBISWorld’s Snack Food Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
1.3%
Annual Growth 15-20
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Profit
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Employment
5,133
Businesses
138
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. Over the five years through 2014-15, trends expected to constrain industry revenue growth include volatile commodity prices, rising competition and increasingly health-conscious consumers switching to healthier alternatives. Over the five years through 2014-15, industry revenue is expected to increase by an annualised 1.3% to total $2.4 billion. In 2014-15, revenue is expected to increase by 1.6%.

The industry's major players have endured falling profit margins, increased competition from private-label products and stagnating domestic demand, particularly in the salty snacks segment, which has historically been the most profitable... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Snack Food Manufacturing industry is in the mature stage of its life cycle. The industry is characterised by a saturated domestic market and a range of well-established products and players. 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 to do with improving efficiencies in the manufacturing process, but insufficient new product innovation to spur industry-wide growth.

In the ten years through 2019-20, industry value added is expected to increase at an annualised 0.1%, underperforming the Australian economy... 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. The manufacturing process includes buying raw materials such as 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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