Food Manufacturing Report Summary

SIC Codes: 0751 2013 2015 2021 2022 2023 2024 2026 2032 2033 2034 2037 2038 2043 2044 2045 2046 2047 2048 2051 2052 2053 2061 2062 2063 2064 2066 2068 2074 2075 2076 2077 2083 2087 2098 2099 5461
NAICS Codes: 311111 311119 311211 311212 311213 311221 311224 311225 311230 311313 311314 311340 311351 311352 311411 311412 311421 311422 311423 311511 311512 311513 311514 311520 311611 311612 311613 311615 311811 311812 311813 311821 311824 311830 311911 311919 311920 311930 311991 311999

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Food Manufacturing Industry Overview

Excerpt from Food Manufacturing Report

Companies in this industry manufacture and process a wide variety of foods, including meat, seafood, dairy products, fruits and vegetables, milled grains and oilseeds, baked goods, and candy. Major companies include US-based Archer-Daniels-Midland, Conagra Brands, Frito-Lay, General Mills, Kellogg, Kraft Heinz, Mondelez International, and Tyson Foods; along with COFCO (China), Danone (France), Fonterra (New Zealand), Grupo Bimbo (Mexico), JBS (Brazil), Maruha Nichiro (Japan), Nestlé (Switzerland), and Unilever (The Netherlands).

Competitive Landscape

Demand is driven by food consumption, which depends on population growth. The profitability of individual companies depends on efficient operations, because products are commodities subject to intense price competition. Companies compete largely based on cost and their ability to distribute the finished product. Large companies have economies of scale in purchasing and distribution. Small companies can compete effectively in local or regional markets and by developing popular products. The industry is concentrated: the 50 largest companies account for about 50% of industry revenue.

Products, Operations & Technology

Major products include processed meats (about 30% of industry revenue), dairy products (15%), and grains and edible oils (10%). Other sources of revenue include processed fruits and vegetables, baked goods, pet food, and snack foods.

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