Industry Analysis & Industry Trends
Operators in the Snack Food Manufacturing industry have faced changing consumer preferences, volatile input prices and increasing competition from private-label and substitute products over the past five years. Rising competition from private-label brands, particularly from Coles and Woolworths, and weakening demand for traditional snack foods, due to growing health consciousness, have constrained industry growth over the past five years. However, the industry has been supported by increasing demand for higher value products, such as gourmet potato chips. As a result, industry revenue is expected to grow at an annualised 1.5% over the five years through 2016-17, to reach $2.3 billion. This includes projected growth of 0.3% in the current year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Snack Food Manufacturing industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the wider economy, is projected to grow by 1.4% annualised over the 10 years through 2021-22. This represents an underperformance relative to the economy, with GDP forecast to grow by an annualised 2.6% over the same period. The industry's relatively slower growth is typical of a mature industry.
Rising health consciousness and growing concerns over the amount of sodium and fats in diets have weakened demand for traditional snack foods, such as potato chips, over the past five years. A high proportion of snack foods can be perceived as unhealthy and lessened demand has hindered industry growth... purchase to read more