Food Manufacturing Industry Profile

View Full Sample Add To Cart

Excerpt from Food Manufacturing Industry Profile

Companies in this industry manufacture and process a wide variety of foods, including meats, seafood, dairy products, fruits and vegetables, milled grains and oilseeds, baked goods, and candy. Major companies include ADM, Conagra Brands, Frito-Lay, General Mills, Kellogg Company, Kraft Heinz, Mondelez International, and Tyson Foods (all based in the US); along with COFCO (China), Danone (France), Fonterra (New Zealand), Grupo Bimbo (Mexico), JBS (Brazil), Maruha Nichiro (Japan), Nestlé (Switzerland), and Unilever (UK).

Worldwide, the market size of processed foods is estimated to reach about $7 trillion by 2026, according to MarketWatch. Global industry revenue is increasing, but economic slowdowns in key emerging markets have curbed growth in recent years.

The US food manufacturing industry consists of about 27,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $780 billion.


Food consumption drives demand, and this depends on population growth. The profitability of individual companies depends on efficient operations because products are commodities subject to intense price competition. Companies compete largely based on cost and their ability to distribute the finished product. Large companies have economies of scale in purchasing and distribution. Small companies can compete effectively in local or regional markets and by developing popular products. The industry is concentrated: the 50 largest companies account for about 50% of industry revenue.

The US exports processed foods mainly to Canada, Mexico, Japan, South Korea, and China. ...

View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options