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Snack Food Production in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Snack Food Production in Canada Market Research Report | NAICS 31191CA | Feb 2017

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

IBISWorld’s Snack Food Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.2%
Annual Growth 17-22
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Profit
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Employment
8,831
Businesses
88
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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Industry ProductsRelated ReportsTable of Contents

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 chipsTortilla and corn chipsOther chips (i.e. pretzels)Nuts and seedsPeanut butterOther snacks
 
Industry Activities
Producing chips (potato, corn, tortilla and other)Processing nuts and seeds and producing nut buttersProducing pretzels other snacks


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