Food Manufacturing - The 2018 U.S. Market Research Report (Covers 2008-2021)
The 2018 Market Research Report on Food Manufacturing is an in-depth evaluation of the industry and will provide you with the key insights, trends and benchmarks you need to create a broad and comprehensive diagnostic and understanding of the industry and your company.
This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report covers over 100 insightful data sets, such as historical market size and forecasted growth, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, employee productivity, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
The core data is generated from the most comprehensive set of surveys filled out by companies in the industry. Our analysts generate the commentary and forecasts based on industry dynamics and the macroeconomic environment.
Just look at the table of contents or download a free sample report to see the broad and in-depth insights, which leaders have come to depend on for their research, strategic and benchmarking needs.
Industries in the Food Manufacturing subsector transform livestock and agricultural products into products for intermediate or final consumption. The industry groups are distinguished by the raw materials (generally of animal or vegetable origin) processed into food products.
The food products manufactured in these establishments are typically sold to wholesalers or retailers for distribution to consumers, but establishments primarily engaged in retailing bakery and candy products made on the premises not for immediate consumption are included.
Below are select highlights from the 2018 Market Research Report on Food Manufacturing:
INDUSTRY SIZE & ATTRACTIVENESS
In 2016, industry sales were $770.8 billion
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Over the past 3 years, the industry has grown at an annual rate of 0.4%
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There are 23,789 companies in the industry
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SALES PER COMPANY
In 2016, the average sales per company was $32.4 million
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INFLATION & PRICING
2017 estimated inflation is 2.1%
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COMPANY SIZE BENCHMARKS
From 2012 to 2016, the number of companies with 20-99 employees grew 7.4%
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For unprofitable companies, the average net loss is -3.8%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.7
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Employee productivity is $541,169
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1.2% of expenses are spent on health insurance
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In 2016, industry operating expenses declined -1.1%
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In 2016, payroll per employee was $40,650
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PAYROLL BY STATE
California averages $44,573 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
3.4% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $16.97
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The above highlights represent a small fraction of what you will find in this report.
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