Snack Food Production in the US - Industry Market Research Report
Description
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 and popcorn, has benefited from increased demand. As the economy grew during most of the period, discretionary income levels climbed. In turn, 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 boosted revenue. As consumers turned to snacking due to the COVID-19 pandemic, industry revenue climbed further. Overall, industry revenue has increased at an average rate of 0.4% to $48.4 billion over the five years to 2023, although growth is forecast to increase 0.8% during the current year.
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.
The Snack Food Production industry, which creates goods, such as potato and corn chips, pretzels, roasted and salted nuts, peanut butter and popcorn, has benefited from increased demand. As the economy grew during most of the period, discretionary income levels climbed. In turn, 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 boosted revenue. As consumers turned to snacking due to the COVID-19 pandemic, industry revenue climbed further. Overall, industry revenue has increased at an average rate of 0.4% to $48.4 billion over the five years to 2023, although growth is forecast to increase 0.8% during the current year.
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.
Table of Contents
59 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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