Snack Food Production in the US - Industry Market Research Report

Snack Food Production in the US - Industry Market Research Report

  • June 2019 •
  • 42 pages •
  • Report ID: 198668 •
  • Format: PDF
Snack break: Healthier products and more innovative flavors will boost industry growth

Abstract

Snack Food Production in the US
The Snack Food Production industry has benefited from increased demand over the five years to 2019. As the economy has strengthened, discretionary income levels have climbed. In turn, renewed consumer spending has boosted sales of potato and tortilla chips, along with nuts and seeds. Furthermore, shifting food consumption trends have affected the strategies of snack food producers during the current period. Specifically, health concerns about eating foods high in sodium, fat and sugar have made consumers wary of buying traditional snacks. While this has limited industry revenue and profit expansion over the past five years, it has also developed a niche market in the industry. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise as improving economic conditions are projected to further lift demand for snacks. Furthermore, anticipated increases in per capita disposable income will likely enable more consumers to trade up to premium brands, helping drive revenue growth.

The Snack Food Production industry produces snack foods such as potato and corn chips, pretzels, roasted and salted nuts, nut butters, popcorn and other similar snacks. However, it does not produce cookies, crackers, bakery products, cereal or granola bars.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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