Snack Food Production in Canada
The Snack Food Production industry benefited from increased demand over the past five years as the economy continued to strengthen and discretionary income levels increased. In turn, renewed consumer spending has boosted sales of potato and tortilla chips, along with nuts and seeds. Shifting food consumption trends have affected the strategies of snack food producers during the period. Despite an improving economy and rising disposable incomes, the industry is expected to slow in the next five years. Negative health perceptions about chips and salty snacks are expected to weigh heavy on the minds of consumers; however, the effects of these views will likely be mitigated by innovations in the industry and by the positive health perception toward other industry products, such as nuts and seeds.
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.
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