First Research US Industry Profile

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Snack Foods Manufacturing
SIC Codes: 2068, 2096
NAICS Codes: 31191
Last Quarterly Update: 7/15/2019
Companies in this industry make snack foods such as nuts, chips, and popcorn, as well as peanut butter. Major companies include Clif Bar, Frito-Lay, Mondelez International, Utz Quality Foods, Wonderful Pistachios & Almonds, and the snack divisions of diversified food manufacturers such as Campbell Soup and Kellogg (all based in the US); other leading firms include Calbee Foods (Japan), Nongshim (South Korea), United Biscuits (UK), and Walkers Snack Foods (UK).
Worldwide, the savory snack foods market — salted snacks, processed snacks, and nuts and seeds — is expected to grow to $220 billion in revenue by 2025, according to PMMI Business Intelligence. 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 650 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $41 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. 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 about 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.
Products, Operations & Technology
Major products are nuts and seeds (about 35% of industry revenue); potato chips (25%); and corn chips, including tortilla chips (20%). Other products include ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

04/15/2019
01/14/2019
10/08/2018
07/09/2018
04/09/2018
01/01/2018
09/25/2017
06/26/2017
03/27/2017
12/19/2016
09/19/2016
06/13/2016
03/14/2016
12/07/2015
08/31/2015
06/01/2015
03/02/2015
11/24/2014
09/01/2014
06/02/2014
03/03/2014
11/25/2013
09/02/2013
06/10/2013
03/18/2013
12/03/2012
09/10/2012
06/25/2012
04/02/2012
12/12/2011
09/19/2011
06/13/2011
03/07/2011
11/15/2010
08/23/2010
05/17/2010
02/08/2010