Snack Food Production in the US
The Snack Food Production industry, which creates goods such as potato and corn chips, pretzels, roasted and salted nuts, peanut butter, popcorn and other similar snacks, benefited from increased demand over the five years to 2018. As the economy has continued to strengthen, discretionary income levels have climbed. In turn, renewed consumer spending has boosted sales of potato and tortilla chips, along with nuts and seeds. Moreover, the emergence of artisanal goods, which are made with a higher degree of craftsmanship and command higher prices, has served to boost revenue. The industry's future is promising as well, with improving economic conditions expected to further lift demand for snacks. Projected increases in per capita disposable income will enable more consumers to trade up to premium brands, helping drive revenue growth. As consumers continue demanding healthy versions of existing snacks, operators will introduce a wider variety of products.
The Snack Food Production industry produces snack foods such as potato and corn chips, pretzels, roasted and salted nuts, nut butters, popcorn and other similar snacks. However, it does 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.