First Research US Industry Profile

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Food Manufacturing
SIC Codes: 201 , 202 , 203 , 204 , 205 , 206 , 207 , 2087, 2091, 2092, 2095, 2096, 2098, 2099
NAICS Codes: 311
Last Quarterly Update: 7/22/2019
Companies in this industry manufacture and process a wide variety of foods, including meat, seafood, dairy products, fruits and vegetables, milled grains and oilseeds, baked goods, and candy. Major companies include US-based Archer-Daniels-Midland, Conagra Brands, Frito-Lay, General Mills, Kellogg, Kraft Heinz, Mondelez International, and Tyson Foods; along with COFCO (China), Danone (France), Fonterra (New Zealand), Grupo Bimbo (Mexico), JBS (Brazil), Maruha Nichiro (Japan), Nestlé (Switzerland), and Unilever (The Netherlands).
Worldwide, retail sales of processed foods total about $2.7 trillion. China, the US, and Brazil are the largest packaged food markets, according to Euromonitor International. 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 $790 billion.
Competitive Landscape
Demand is driven by food consumption, which 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. Exports account for about 8% of production. Imports, primarily from Canada, Mexico, China, Australia, and Indonesia, account for 8% of the US market.
Products, Operations & Technology
Major products include processed meats (about 30% of industry revenue), dairy products (15%), and grains and edible oils (10%). Other sources of revenue ... 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)

04/29/2019
01/21/2019
10/15/2018
07/16/2018
04/16/2018
01/15/2018
10/09/2017
07/03/2017
04/03/2017
01/02/2017
09/26/2016
06/27/2016
03/28/2016
12/21/2015
09/21/2015
06/22/2015
03/23/2015
12/22/2014
09/22/2014
06/30/2014
04/07/2014
01/13/2014
10/07/2013
07/15/2013
04/22/2013
01/28/2013