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Snack Food Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Snack Food Manufacturing Market Research Report | ANZSIC C1191 | Oct 2016

Going nuts: Demand for health snack foods and nuts has driven industry revenue growth

IBISWorld’s Snack Food Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
1.5%
Annual Growth 17-22
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Profit
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Employment
5,735
Businesses
148
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Snack Food Manufacturing Industry?

Companies in the industry mainly manufacture snack food products such as potato chips, corn chips, savoury snacks, nuts, pretzels and other similar snacks. Manufacturers buy raw materials like milled corn, wheat, potatoes, food extracts, flavourings, preservatives and sugar, for processing into snack foods. The finished products are then packaged and sold to wholesalers and retailers.

Industry Products
Potato chipsNuts Health snack foodsCorn chipsOther snacks
 
Industry Activities
Corn chipsPotato chipsPretzelsSavoury specialtiesNut foodsHealth bar


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