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 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