Over the past five years, slow income growth and increasing health consciousness have subdued demand for some industry products, though others have grown in popularity. Moving forward, the Snack Food Production industry is expected to benefit from improving disposable income and growing export markets. In addition, as the number of health-conscious Canadians grows, snack food producers will respond by innovating and introducing healthier varieties of existing brands of chips, nuts, pretzels and popcorn. Import competition will remain high, but is unlikely to offset industry growth.
Operators in this industry primarily produce chips, including potato, corn and tortilla chips. They also process plain, salted or roasted nuts, seeds and nut butters such as peanut butter. However, operators do 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.