Snack Foods Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/19/2016
SIC Codes: 2068, 2096
NAICS Codes: 31191
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Snack Foods Manufacturing Industry Profile

Companies in this industry make snack foods such as nuts, chips, and popcorn, as well as peanut butter. Major companies include Frito-Lay, Mondelez International, Snyder's-Lance, and Utz Quality Foods (all based in the US), as well as Calbee Foods (Japan); Nongshim (South Korea); and United Biscuits (UK).

Worldwide, the snack foods manufacturing industry generates about $375 billion in revenue, according to Nielsen. Europe and the US are the largest markets. The Asia/Pacific region, Latin America, the Middle East, and Africa are the fastest-growing snack food markets.

The US snack foods manufacturing industry includes about 500 companies with combined annual revenue of about $35 billion.

The industry does not include makers of cookies and candy, which are covered in separate industry profiles.


Demand is driven by consumer tastes and health considerations. The profitability of individual companies depends on efficient operations, effective marketing, and a strong sales force. Large companies have advantages in raw material purchasing, manufacturing efficiencies, distribution, and marketing budgets. Small operations can compete effectively by self-distributing products, selling online, or marketing snacks as gift items. The US industry is highly concentrated: the top 50 companies account for 90% of industry revenue.

Snack foods compete for consumer dollars against other impulse food items, including cookies and crackers, baked goods, fruits and vegetables, and fast food.


Major products are nuts and seeds (about 30% of industry revenue); potato chips (25%); and ...

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