Snack Foods Manufacturing Industry Profile

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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 Clif Bar & Company, Frito-Lay, Mondelez International, Utz Brands, Wonderful Pistachios & Almonds, and the snack divisions of diversified food manufacturers such as Campbell Soup Company and Kellogg's (all based in the US); other leading firms include Calbee (Japan), Nongshim (South Korea), and United Biscuits and Walkers Crisps (both based in the UK).

Worldwide, the savory snack foods market — salted snacks, processed snacks, and nuts and seeds — is expected to grow to $260 billion in revenue by 2023, according to BusinessWire. Europe and North America are the largest markets for snack foods manufacturers, with healthy snacks, including bars, driving growth in the latter. Latin America and the Asia/Pacific region are the world's fastest-growing snack foods markets. Other regional growth opportunities include the Middle East and Africa.

The US snack foods manufacturing industry includes about 670 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $39 billion.

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

COMPETITIVE LANDSCAPE

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. ...

 
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