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