Establishments primarily engaged in manufacturing potato chips, corn chips, and similar snacks. Establishments primarily engaged in manufacturing pretzels and crackers are classified in Industry 2052; those manufacturing candy covered popcorn are classified in Industry 2064; those manufacturing salted, roasted, cooked or canned nuts and seeds are classified in Industry 2068; and those manufacturing packaged unpopped popcorn are classified in Industry 2099.
The potato chips, corn chips, and similar snacks industry (NAICS 2096) has been experiencing several notable qualitative trends. Consumers are increasingly seeking healthier snack options, resulting in a rising demand for products with reduced salt, lower fat, and organic or non-GMO ingredients. This health-conscious shift is prompting manufacturers to develop and market snacks with clean labels, natural flavors, and alternative cooking methods such as baking or air-popping instead of frying.
There's also a growing interest in unique and exotic flavors. Companies are experimenting with innovative seasoning combinations and international flavors to cater to adventurous palates and differentiate themselves in a competitive market. Additionally, sustainability is becoming a critical factor, with consumers favoring brands that prioritize eco-friendly packaging solutions and sustainable sourcing of ingredients.
Looking ahead, the industry is likely to see continued growth in the premium snacks segment, driven by the willingness of consumers to pay a premium for quality and health benefits. Advances in technology will enable manufacturers to enhance product quality and efficiency, including the use of AI for flavor development and supply chain optimization. Plant-based snacks are also expected to gain traction as the plant-based food movement continues to expand.
Overall, the snacks industry is poised for dynamic changes, driven by evolving consumer preferences towards health, sustainability, and innovative flavors, ensuring a vibrant and competitive market environment in the near future.
Cheese curls and puffs
Corn chips and related corn snacks
Popcorn, popped: except candy covered
Pork rinds
Potato chips and related corn snacks
Potato sticks
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.