Industry Analysis & Industry Trends
The Snack Food Production industry benefited from rising levels of per capita disposable income and product innovation over the past five years. As consumers had more disposable income, they increased demand for snack food products, thereby benefiting industry producers. During this time, the price of wheat increased, a primary input in several industry products and many of the larger industry players responded by passing cost increases to consumers in the form of higher product prices. These trends resulted in greater demand for industry products from the primary downstream markets, grocery wholesalers and retailers. Overall, industry revenue increased at an annualized rate of 1.2% to an estimated $2.4 billion in the five years to 2013. This includes expected growth of 2.0% in 2013... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Snack Food Production industry is forecast to grow at a faster rate than the overall economy during the 10 years to 2018. IBISWorld estimates the industry's contribution to the overall economy, as measured by the industry value added (IVA), will increase at an average rate of 3.4% per year during the 10-year period. Comparatively, Canadian GDP is forecast to rise at an average rate of 2.6%. This is because the industry is in the growing stage of its life cycle, characterized by an increasing number of companies, technological advancements and product innovation.
The industry is characterized by an increasing number of companies entering the industry... purchase to read more