Food Manufacturing - 2020 U.S. Industry Market Research Report with Updated COVID-19 Forecasts
- April 2020 •
- 37 pages •
- Report ID: 5887409 •
- Format: PDF
This report includes historical and forecasted industry size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
Industries in the Food Manufacturing subsector transform livestock and agricultural products into products for intermediate or final consumption. The industry groups are distinguished by the raw materials (generally of animal or vegetable origin) processed into food products.
The food products manufactured in these companies are typically sold to wholesalers or retailers for distribution to consumers, but companies primarily engaged in retailing bakery and candy products made on the premises not for immediate consumption are included.
This report is based on extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the 2020 Food Manufacturing Industry Market Research Report:
In 2019, industry sales were $797.3 billion
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Over the past 3 years, the industry has grown at an annual rate of 1.4%
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There are 22,465 companies in the industry
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SALES PER COMPANY
In 2019, the average sales per company was $35.5 million
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INFLATION & PRICING
2020 forecasted inflation is 0.9%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.7
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Employee productivity is $540,376
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1.3% of expenses are spent on health insurance
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In 2019, industry operating expenses grew 2.8%
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In 2019, payroll per employee was $46,326
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PAYROLL BY STATE
California averages $43,758 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
3.3% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $18.42
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The above highlights represent a small fraction of what you will find in this report.
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