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 Key Buyers Chapter
The industry has a medium level of market share concentration, with the major players accounting for more than 50% of industry revenue. The product lines of larger players, such as Frito-Lay and Snack Foods Limited, tend to comprise mid- to low-value, high-volume products. Smaller firms tend to focus on niche markets supplying speciality products of high value, but with shorter production runs and hence lower volumes.
Despite the presence of smaller firms, the Snack Food Manufacturing industry is moving towards large-scale, concentrated production. Due to significant consolidation, the industry has fewer firms managing major brands than it did a decade ago. Today, fewer commercial manufacturers are serving wider geographic markets... purchase to read more