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 Locations Chapter
Snack Food Production establishments in Canada are largely located close to large city markets for easy serviceability. Consequently, industry establishments are concentrated in the three provinces with the highest population counts: Ontario, Quebec and British Columbia. Furthermore, high transportation costs encourage industry operators to strategically locate themselves close to sources of key inputs.
Ontario, which accounts for the largest share of the Canadian population at about 38.8%, houses the majority of industry establishments at 41.2% of the total. Similarly, Quebec and British Columbia house about 16.5% and 15.5% of total industry establishments, respectively, while accounting for 23.1% and 13.3% of the Canadian population, respectively. .. purchase to read more