Major Group SIC 2068 - Salted And Roasted Nuts And Seeds

SIC 2068 - Salted And Roasted Nuts And Seeds

SIC 20 - Food And Kindred Products
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- SIC 206 - Sugar And Confectionery Products
  SIC 201 - Food And Kindred Products SIC 202 - Dairy Products SIC 203 - Canned, Frozen, and Preserved Fruits, Vegetables, and Food Specialties SIC 204 - Grain Mill Products SIC 205 - Bakery Products SIC 206 - Sugar And Confectionery Products SIC 207 - Fats And Oils SIC 208 - Beverages SIC 209 - Miscellaneous Food Preparations and Kindred Products
  - SIC 2068 - Salted And Roasted Nuts And Seeds
    SIC 2061 - Cane Sugar, Except Refining SIC 2062 - Cane Sugar Refining SIC 2063 - Beet Sugar SIC 2064 - Candy And Other Confectionery Products SIC 2066 - Chocolate And Cocoa Products SIC 2067 - Chewing Gum SIC 2068 - Salted And Roasted Nuts And Seeds

Establishments primarily engaged in manufacturing salted, roasted, dried, cooked, or canned nuts or in processing grains or seeds in a similar manner for snack purposes. Establishments primarily engaged in manufacturing confectionery-coated nuts are classified in Industry 2064, and those manufacturing peanut butter are classified in Industry 2099.

Industry trends:

The NAICS 2068 category, which pertains to Salted and Roasted Nuts and Seeds, is experiencing several notable qualitative trends. One significant trend is the growing consumer demand for healthy snack options. As awareness around health and wellness continues to rise, there's an increasing preference for snacks that offer nutritional benefits, prompting manufacturers to innovate with cleaner labels and organic offerings. Additionally, there is a surge in the popularity of plant-based diets, which is driving higher consumption of nuts and seeds as protein alternatives.

Another trend is the emphasis on sustainability. Consumers are becoming more eco-conscious, leading companies to adopt sustainable sourcing and packaging practices. The use of recyclable materials and focus on reducing the carbon footprint are becoming pivotal in marketing strategies.

Convenience is also a key trend, with an upsurge in single-serve packaging and on-the-go snack options. This aligns with the busy, mobile lifestyles of modern consumers who seek quick, healthy snack solutions. Furthermore, innovative flavor profiles are capturing consumer interest. Exotic and bold flavors, as well as unique seasoning blends, are being introduced to differentiate products in a competitive market.

Forecasts for the near future suggest continued growth in this industry, driven by these trends. Health-conscious consumers and the growing adoption of plant-based diets will sustain the demand surge. Companies that invest in sustainable practices and innovative product offerings are likely to gain a competitive edge. As convenience remains paramount, sales through e-commerce and other digital channels are expected to rise, leveraging the increased online shopping behaviors influenced by recent global events.

This industry is comprised of:

Nuts, dehydrated or dried

Nuts: salted, roasted, cooked, or canned

Seeds: salted, roasted, cooked, or canned

Explore related industries:

SIC 0173 - Tree Nuts SIC 5145 - Confectionery SIC 5441 - Candy, Nut, And Confectionery Stores

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