The Top 10 Snacks Companies: Emerging opportunities, growth strategies and financial performance

Published by: Business Insights

Published: Oct. 1, 2009 - 119 Pages

Table of Contents

The Top 10 Snacks Companies

Executive summary

Industry overview

PepsiCo

Kraft Foods

Procter & Gamble (P&G)

ConAgra Foods

Calbee Foods

Grupo Bimbo (Barcel)

General Mills

United Biscuits

Yamazaki (Tohato)

Snyder’s of Hanover (Snyder’s)

Chapter 1 Introduction

Report overview

Methodology

Chapter 2 Industry overview

Summary

Introduction

Market dynamics

Global snacks market size by value

Snacks industry drivers and resistors

Competitive landscape

Top 10 companies based on sales

Competitive positioning of the top 10 snacks companies

Trends

Healthy snacks leading the way in a challenging economic environment

Shift towards private label snack foods

Rising prices of commodities

Chapter 3 PepsiCo

Summary

Company overview

Recent financial performance

Performance by business segment

Growth strategies

Increasing focus on healthy snack foods to drive growth

Investing in emerging markets

Acquisitions and divestments

SWOT analysis

Chapter 4 Kraft Foods

Summary

Company overview

Recent financial performance

Performance by business segment

Growth strategies

Innovation and promotional initiatives to drive long term growth

Acquisitions and divestments

SWOT analysis

Chapter 5 Procter & Gamble

Summary

Company overview

Recent financial performance

Performance by business segment

Growth strategies

Diversifying customer base through launch of new variants of Pringles

Acquisitions and divestments

SWOT analysis

Chapter 6 ConAgra Foods

Summary

Company overview

Recent financial performance

Performance by business segment

Growth strategies

Strengthening potato-based snacks capabilities to leverage growth

opportunities in the US

Rationalizing snacks operations to attain cost efficiency

Acquisitions and divestments

SWOT analysis

Chapter 7 Calbee Foods

Summary

Company overview

Recent financial performance

Growth strategies

Ensuring raw material supply for production facilities globally

Enhancing market share in the US healthy snacks arena

Retaining market share in Japan with healthy snacks

Acquisitions and divestments

SWOT analysis

Chapter 8 Grupo Bimbo (Barcel)

Summary

Company overview

Recent financial performance

Growth strategies

Penetrating the Mexican market through new product launches

Acquisitions and divestments

SWOT analysis

Chapter 9 General Mills

Summary

Company overview

Recent financial performance

Performance by business segment

Growth strategies

Expanding nutritional snacks portfolio to foster growth

Acquisitions and divestments

SWOT analysis

Chapter 10 United Biscuits

Summary

Company overview

Recent financial performance

Growth strategies

Repositioning snack foods in the health and nutrition category

SWOT analysis

Chapter 11 Yamazaki (Tohato)

Summary

Company overview

Recent financial performance

Performance by business segment

Growth strategies

Strengthening product portfolio in healthy snacks

Acquisitions and divestments

SWOT analysis

Chapter 12 Snyder's

Summary

Company overview

Recent financial performance

Growth strategies

Consolidate share in niche pretzel market through product differentiation

Acquisitions and divestments

SWOT analysis

Chapter 13 Other major players

Want-Want

Company overview

Recent financial performance

Old Dutch Foods

Company overview

Recent financial performance

San Carlo

Company overview

Recent financial performance

Sibirsky Bereg

Company overview

Recent financial performance

Frente (Koikeya)

Company overview

Recent financial performance

Utz Quality Foods (Utz)

Company overview

Recent financial performance

J&J Snack Foods

Company overview

Recent financial performance

Yoki Alimentos

Company overview

Recent financial performance

Lorenz Bahlsen Snack-World Holding (Lorenz Bahlsen)

Company overview

Dr. August Oetker

Company overview

Recent financial performance

Appendix

Glossary

Index

List of Figures

Figure 2.1: Global snacks market size by value ($bn), 2008-13

Figure 2.2: Segmentation of global snacks market by product (%), 2008

Figure 2.3: Global snacks industry drivers and resistors

Figure 2.4: Top 10 snacks companies’ growth, 2006-08

Figure 3.5: PepsiCo financial performance ($m), 2004-08

Figure 3.6: PepsiCo SWOT analysis

Figure 4.7: Kraft Foods financial performance ($m), 2004-08

Figure 4.8: Kraft Foods SWOT analysis

Figure 5.9: P&G financial performance ($m), 2006-08

Figure 5.10: P&G SWOT analysis

Figure 6.11: ConAgra Foods financial performance ($m), 2007-09

Figure 6.12: ConAgra Foods SWOT analysis

Figure 7.13: Calbee Foods SWOT analysis

Figure 8.14: Grupo Bimbo (Barcel) financial performance ($m), 2004-08

Figure 8.15: Grupo Bimbo (Barcel) SWOT analysis

Figure 9.16: General Mills financial performance ($m), 2005-09

Figure 9.17: General Mills SWOT analysis

Figure 10.18: United Biscuits financial performance ($m), 2004-08

Figure 10.19: United Biscuits SWOT analysis

Figure 11.20: Yamazaki financial performance ($m), 2004-08

Figure 11.21: Yamazaki SWOT analysis

Figure 12.22: Snyder’s SWOT analysis

Figure 13.23: Want-Want financial performance ($m), 2006-08

Figure 13.24: San Carlo financial performance ($m), 2005-08

Figure 13.25: Sibirsky Bereg financial performance ($m), 2006-08

Figure 13.26: J&J Snack Foods financial performance ($m), 2004-08

List of Tables

Table 2.1: Global snacks market size by value ($bn), 2008-13

Table 2.2: Performance of global snacks market by product ($bn), 2008

Table 2.3: Top 10 snacks companies based on sales ($m), 2008

Table 2.4: Top 10 snacks companies’ growth, 2006-08

Table 3.5: PepsiCo snapshot

Table 3.6: PepsiCo financial performance ($m), 2004-08

Table 3.7: PepsiCo business segment performance ($m), 2008

Table 3.8: Select healthy snacks brand in PepsiCo’s product portfolio

Table 3.9: PepsiCo acquisitions, 2007-09

Table 4.10: Kraft Foods snapshot

Table 4.11: Kraft Foods financial performance ($m), 2004-08

Table 4.12: Kraft Foods business segment performance ($m), 2008

Table 5.13: P&G snapshot

Table 5.14: P&G financial performance ($m), 2006-08

Table 5.15: P&G business segment performance ($m), 2008

Table 6.16: ConAgra Foods snapshot

Table 6.17: ConAgra Foods financial performance ($m), 2007-09

Table 6.18: ConAgra Foods business segment performance ($m), 2009

Table 6.19: ConAgra Foods acquisitions, 2007-09

Table 7.20: Calbee Foods snapshot

Table 7.21: Calbee Foods financial performance, 2007-08

Table 8.22: Grupo Bimbo (Barcel) snapshot

Table 8.23: Grupo Bimbo (Barcel) financial performance, 2004-08

Table 9.24: General Mills snapshot

Table 9.25: General Mills financial performance ($m), 2005-09

Table 9.26: General Mills business segment performance ($m), 2009

Table 10.27: United Biscuits snapshot

Table 10.28: United Biscuits financial performance, 2004-08

Table 11.29: Yamazaki snapshot

Table 11.30: Yamazaki financial performance, 2004-08

Table 11.31: Yamazaki business segment performance, 2008

Table 12.32: Snyder’s snapshot

Table 13.33: Want-Want snapshot

Table 13.34: Want-Want financial performance ($m), 2006-08

Table 13.35: Old Dutch Foods snapshot

Table 13.36: San Carlo snapshot

Table 13.37: San Carlo financial performance ($m), 2005-08

Table 13.38: Sibirsky Bereg snapshot

Table 13.39: Sibirsky Bereg financial performance ($m), 2006-08

Table 13.40: Frente (Koikeya) snapshot

Table 13.41: Utz snapshot

Table 13.42: J&J Snack Foods snapshot

Table 13.43: J&J Snack Foods financial performance ($m), 2004-08

Table 13.44: Yoki Alimentos snapshot

Table 13.45: Lorenz Bahlsen snapshot

Table 13.46: Dr. August Oetker snapshot

Abstract

Top 10 Snacks companies report profiles the leading players in the global snacks industry. Snacks include processed snacks, potato chips, nuts and seeds, crackers and popcorn. This report analyzes the snacks industry in terms of market size (estimated based on on-trade sales), key drivers and resistors, trends and competitive positioning in the global snacks market. It includes profiles of the top ten companies in the industry and also includes a brief summary of the other major players. The current ranking evaluates snack foods based on their performance using the following intelligence metrics:

• each company’s financial performance in the global snacks market;
• each company’s growth strategies and major acquisitions and divestments in this market;
• key partnerships and alliances formed by these companies;
• business-related strengths and weaknesses of these companies, and insights into the opportunities and threats facing them.

• Market dynamics of the global snacks market during the period 2008-13.
• Key market drivers and resistors.
• Trends of the global snacks market.
• Identification of the top 10 players in the global snacks market .
• Performance of top 10 snacks companies during 2006-08.
• Company analysis and market share of the top 10 players in the global snacks market.
• Strategies and growth analysis of leading snacks companies.

• Learn from the strategies of the global snacks companies to target future growth markets effectively, avoid their mistakes, replicate their successes and learn of the threats they face.
• Benchmark your performance against the leading snacks companies by comprehending their strategies.
• Understand the major issues affecting the global snacks market.
• Predict the key growth areas in the global snacks market arising from the change in consumers’ preferences and global recession.
• Save time, money and resources on analyzing the performance of the key snacks companies using this report.

• High barriers to entry: Substantial investment in technology, branding, new product development and regulatory compliance with regards to quality, safety and labeling raises the barriers to entry for new players in the snack foods industry.
• Consolidation among retailers in the US: Consolidation in the retailers market has increased buyers negotiating power in the US, making them capable of resisting price increases.
• Rise in raw material costs: Volatile fluctuations in the prices of key commodities such as oil, corn, sugar and oats reduces the economic viability of the industry.
• Shift towards private label snack foods: Diverse options, competitive pricing coupled with the conscious effort of private label manufacturers to develop healthy snacks has helped them garner market share away from branded snacks.

• The global snacks market was valued at approximately $71bn in 2008. Business Insights forecasts that the global snack foods market will grow at a CAGR of 4.7% during 2008-13 to reach a total value of approximately $89bn in 2013.
• Shift in consumer preference for value-added health and wellness snacks mostly in matured markets of the US and Europe will help expand the market value through 2013.
• PepsiCo dominated the global snacks industry based on sales of $24,327m in 2008, followed by Kraft Foods ($12,714m) and Tohato ($2,105m).
• Kraft Foods outperformed the global snacks industry growth rate registering a CAGR of 12.6% during 2006-08 primarily led by new product launches and strong performance of its health snacks bar, South Beach Living.
• Diverse options, competitive pricing coupled with the conscious effort of private label manufacturers to develop healthy snacks will help them in garnering market share away from branded snacks in the long term even after the impact of recession diminishes.
• Substantial investment in technology, branding, new product development and regulatory compliance with regards to quality, safety and labeling raises the barriers to entry for new players in the snack foods industry.
• Consolidation among retailers in the US increases their ability to resist price increase and may result in margin erosion for the industry players.

• What was the market size of the global snacks industry by value in 2008?
• What will be the market size of the global snacks industry during 2008-13?
• What are the trends in the global snacks industry?
• Who are the top 10 players in the market?
• What are the growth strategies of the top 10 companies?
• What are the strengths of the top 10 players in the global snacks industry?
• What are the weaknesses of the top 10 players?
• What are the growth opportunities for the global top 10 snacks companies?
• What are the problems faced by the global snacks companies in the industry?

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