Over the past five years the Cookie, Cracker and Pasta Production industry has grown and benefited from stable demand for industry products. Moreover, the rise of popular cooking TV shows has younger generations increasingly deciding to buy their own pasta, baking mixes and dough to prepare their own meals and desserts. The fall in key input prices, such as sugar and wheat, has driven producers to experience higher profit margins while keeping product prices low enough to maintain their large customer base. IBISWorld estimates industry revenue will increase over the five years to 2016. The industry is expected to continue to grow, albeit at a slower rate, over the five years to 2021, as rising discretionary income enables consumers to purchase a greater volume of snacks and trade up to branded and premium products. Also, as health and nutrition become more important, demand for specialty products, such as gluten-free, organic and nutrient-enhanced food will rise.
This industry produces cookies, crackers and dry pasta from purchased ingredients, such as flour, sugar, salt, seasoning, emulsifiers, flavorings, syrups, preservatives, food acids and also gluten.
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.