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 Products Chapter
The majority of the industry produces salty snack foods. However, a number of new products have been introduced to the industry recently. In 2014-15, snack foods are classified into five major market segments: potato chips, extruded snacks, nuts and pretzels, corn chips and nutritious snacks.
In 2014-15, potato chips comprise the largest segment of products sold by the Snack Food Manufacturing industry, at an estimated 41.7%, down from 2009-10. This product segment has faced a number of obstacles over the past five years due to the increasing number of healthier snacking alternatives and the introduction of new, non-potato-based snacks... purchase to read more