Industry Analysis & Industry Trends
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 years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Snack Food Production industry is well established and enjoys full market acceptance of its products. Moreover, downstream markets are mainly established and unlikely to change. Consequently, this industry is in the mature stage of its lifecycle. Over the 10 years to 2022, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.1%. In contrast, Canada's GDP is anticipated to grow at an annualized rate of 1.8% during the same period. A stronger contribution to the economy is typically indicative of a growing industry, however this industry also has mature characteristics that outweigh those growth factors in the long term.
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