Volatile commodity prices, changing consumer trends and a saturated market are just some of the characteristics that define the Snack Food Manufacturing industry. While the industry has shown glimpses of promise in the five years through 2012-13, rising commodity prices, turbulent economic conditions and rapidly changing consumer trends have restricted its true potential. In the five years leading up to 2012-13, industry revenue is expected to increase by annualised 1.5% to total $2.93 billion. In 2012-13, revenue is expected to decrease by 0.8%.
Companies in this industry are mainly engaged in manufacturing snack food products such as potato crisps, corn chips, savoury snacks, nuts, pretzels and other similar snacks. The manufacturing process includes buying raw materials such as milled corn, wheat, potatoes, food extracts, flavourings, preservatives and sugar, for processing into finished, consumer snack foods. The finished products are then packaged and marketed to wholesalers and retailers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.