Grab a handful: Industry revenue is expected to grow as exports and discretionary income rise

The Snack Food Production industry benefited from increased demand over the past five years as the economy continued to strengthen and discretionary income levels increased. In turn, renewed consumer spending has boosted sales of potato and tortilla chips, along with nuts and seeds. Shifting food consumption trends have affected the strategies of snack food producers during the period. Despite an improving economy and rising disposable incomes, the industry is expected to slow in the next five more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • The industry is expected to benefit from an improving economy
  • The industry has become increasingly innovative with its production and marketing methods
  • Canadians are expected to continue buying some imported snacks, especially from the United States
  • Industry Report - Industry Products Chapter

    Nuts and nut butterThis segment encompasses a variety of salted or roasted nuts and seeds, such as peanuts, walnuts, sunflower seeds and watermelon seeds. It also includes nut butter, which is butter produced by crushing nuts, including peanut butter and almond butter. Together, roasted and salted nuts, seeds and nut butters generate an estimated 20.7% of industry revenue.Demand for products in this segment has grown over the past five years, due to consumers' growing awareness of the health benefits of nuts, in addition to the variety of flavours available. While many people consume seeds and nuts as snacks throughout the day, a growing number of consumers are incorporating these foods into their meals. For...purchase to read more.

    Additional Insights for the Snack Food Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Snack Food Production Industry are

  • Ability to adapt to change
  • Ability to pass on cost increases
  • Product differentiation
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Canadian effective exchange rate index in the Snack Food Production industry impact industry performance..

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    What's in this report

    What is the Snack Food Production Industry?

    Operators in this industry primarily produce chips, including potato, corn and tortilla chips. They also process plain, salted or roasted nuts, seeds and nut butters such as peanut butter. However, operators do not produce cookies, crackers, bakery products, cereal or granola bars.

    Industry Products
  • Potato chips
  • Tortilla and corn chips
  • Other snacks
  • Peanut butter
  • Nuts and seeds
  • Industry Activities
  • Producing chips (potato, corn, tortilla and other)
  • Processing nuts and seeds and producing nut butters
  • Producing pretzels other snacks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Canadian effective exchange rate index
  • Total health expenditure
  • World price of wheat

  • Current Performance
  • Trade boom
  • Health concerns and innovation
  • High profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Trade slows
  • Product innovation
  • Industry structure
  • Table: Snack Food Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Snack Food Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling in Canada
  • Supermarkets & Grocery Stores in Canada
  • Convenience Stores in Canada

  • Key Selling Industries
  • Corn Farming in Canada
  • Flour Milling in Canada
  • Fruit & Nut Farming in Canada
  • Vegetable Farming in Canada

  • Products & Services
  • Potato chips
  • Other snacks
  • Tortilla and corn chips
  • Nuts and seeds
  • Peanut butter
  • Chart: Snack Food Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarket and grocery stores
  • Grocery wholesalers
  • Convenience stores
  • Exports
  • Chart: Major Market Segmentation for the Snack Food Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Snack Food Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Snack Food Production Industry

  • Industry Globalization
    PepsiCo Inc.,
  • Table: PepsiCo Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Snack Food Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Snack Food Production Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Goods not made by machines, but rather, involve a high degree of human labour and craftsmanship. Considered a premium good.
  • Automated Coating Systems
  • Machinery that applies a liquid or a powder onto the surface of a product of any possible shape to convey new properties.
  • Economies Of Scale
  • The increase in efficiency of production as the number of goods being produced increases.
  • Gluten
  • A mixture of proteins found in wheat and other grains such as barley and rye. Individuals with Celiac disease cannot process gluten which is also the ingredient that gives dough its chewy texture.
  • Hull Removal
  • The process of separating seeds and nuts from their outer shell.
  • North American Free Trade Agreement (Nafta)
  • An agreement that went into effect in 1994 and created a trilateral agreement between Canada, Mexico and the United States.
  • Nut Butter
  • Spreadable foodstuff created by crushing nuts such as peanuts or almonds.
  • Premium
  • When producers charge consumers a price for their product that is more than its nominal value.
  • Private Label
  • Goods that are produced under a retailer's brand name are often positioned as lower cost alternatives to branded products.
  • Wholesale Bypass
  • Retailers that possess sufficient market power can purchase goods in bulk directly from manufacturers and forego the additional costs incurred by sourcing goods from wholesalers.
  • What Our Customers Say

    Why buy this report?

    The Snack Food Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Snack Food Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Snack Food Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Snack Food Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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