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, volatile commodity prices, rising competition and increasingly health-conscious consumers switching to healthier alternatives are expected to constrain industry revenue growth. 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 faced falling profit margins, increased competition from private labels and stagnating domestic demand, particularly in the salty snacks segment, which has historically been the most profitable... purchase to read more
Industry Report - Industry Analysis Chapter
The Snack Food Manufacturing industry has faced significant challenges over the past five years. The health and nutrition trends in many of the food manufacturing industries have threatened demand for traditionally high-fat snacks, such as potato chips. Volatile input prices and strong competition have further threatened industry revenue growth, particularly as snack foods have been purchased with discretionary income. Participation growth has slowed over the past five years and consolidation has increased. Despite this, smaller niche enterprises have entered the industry. Unsurprisingly, employment is estimated to grow at an annualised 0.8% over the five years through 2014-15, reflecting consolidation and automation growth... purchase to read more