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2018 Market Analysis & Industry Outlook: Food Manufacturing

Overview of the U.S. Food Manufacturing Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Food Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Food Manufacturing by state

Food Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Food Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

price index trends

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Food Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Food Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Food Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers1%
Food Preparation and Serving Related Occupations 8%
Sales and Related Occupations 10%
Retail Sales Workers 8%
Retail Salespersons 6%
Retail Salespersons 6%
Office and Administrative Support Occupations 7%
Installation, Maintenance, and Repair Occupations 6%
Other Installation, Maintenance, and Repair Occupations 5%
Production Occupations 54%
Supervisors of Production Workers 5%
First-Line Supervisors of Production and Operating Workers 5%
First-Line Supervisors of Production and Operating Workers 5%
Food Processing Workers 29%
Bakers 17%
Bakers 17%
Butchers and Other Meat, Poultry, and Fish Processing Workers 14%
Meat, Poultry, and Fish Cutters and Trimmers 8%
Slaughterers and Meat Packers 6%
Miscellaneous Food Processing Workers 11%
Food Batchmakers 7%
Other Production Occupations 20%
Crushing, Grinding, Polishing, Mixing, and Blending Workers 12%
Mixing and Blending Machine Setters, Operators, and Tenders 10%
Packaging and Filling Machine Operators and Tenders 8%
Packaging and Filling Machine Operators and Tenders 8%
Miscellaneous Production Workers 6%
Transportation and Material Moving Occupations 17%
Motor Vehicle Operators 8%
Driver/Sales Workers and Truck Drivers 8%
Heavy and Tractor-Trailer Truck Drivers 6%
Material Moving Workers 14%
Industrial Truck and Tractor Operators 6%
Industrial Truck and Tractor Operators 6%
Laborers and Material Movers, Hand 11%
Laborers and Freight, Stock, and Material Movers, Hand 5%
Packers and Packagers, Hand 8%
Source: Bureau of Labor Statistics

Food Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Link Snacks trademarks "YOU CAN'T OUT-PROTEIN MEAT" - Meat snacks; beef; beef jerky; meat - 01/08/2018
  • Transhumance trademarks "BARK & HARVEST PET PROVISIONS FROM THE FARM" - Pet food; edible pet treats - 01/08/2018
  • Keir Manufacturing trademarks "GULO" - Bicycles and bicycle parts - 01/08/2018
  • Hill's Pet Nutrition patents Method And Compositions For Reducing Immunorecognition Of Dietary Protein - 01/04/2018
  • Farmhouse Culture raises $1 million in funding. - 01/03/2018
  • Aqua Vitea raises $1 million in funding. - 11/16/2017
  • Multi -Flow Industries raises $2 million in funding. - 11/08/2017
  • Mead Johnson patents Hygienic Handling Of Infant Formula Containers - 10/19/2017
  • Mead Johnson Nutrition patents Probiotic Stabilization - 10/19/2017

  • Top Innovators

    CompanyInnovation Score
    General Mills1743
    WM. Wrigley JR.1050
    Hill's Pet Nutrition290

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • BM Food Manufacturers employees on strike over pay increase - NEWSWATCH: More than 230 workers from the BM Food Manufacturers Lanseria plant are on strike until their demand for a wage increase has been met. According to a report on EWN, the workers are demanding a pay increase from R79 per day to at least R90 per day. (01/12/2018)
    • BM Foods Manufacturers workers go on strike - More than 230 workers from BM Food Manufacturers in Lanseria, Johannesburg have downed tools due to wage disputes. The workers, who currently earn R79 per day, have asked for their wages to be increased to at least R90 per day. The manufacturer distributes ... (01/12/2018)
    • Netizens crown Kivutha Kibwana 'the Governor of the year' for piloting food processing and preservation - Netizens were yesterday awed by Makueni county Governor Kivutha Kibwana's performance This is after the Wiper party Governor launched two processing plants aimed at curbing food shortage in the County Kikima Dairy plant and Makueni Fruit Processing Plant ... (01/12/2018)
    • Food Antioxidants Market by Manufacturers,Types,Regions and Applications Research Report Forecast to 2023 - (MENAFN Editorial) WiseGuyReports.Com adds 'Food Antioxidants Market by Manufacturers,Types,Regions and Applications Research Report Forecast to 2023' Research to its Database. Global Market: Antioxidants play a vital role in the human health. These are ... (01/11/2018)
    • New Vegan Egg Replacer Could Change Food Manufacturing for Good - British starch specialist, Ulrick & Short has made an all-vegan egg replacer and it could be a game changer! Called Ovaprox, the egg replacement powder is made from wheat and maize and only needs a bit of water to transform into “liquid egg” that can ... (01/08/2018)
    • Food manufacturers warn high power bills, taxes could force them overseas - Food and grocery manufacturers are threatening to shift overseas, costing thousands of jobs, unless Canberra comes to their aid as they battle high energy prices and taxes. In its pre-budget submission, the Australian Food and Grocery Council has warned ... (01/08/2018)
    • How savvy shoppers see through misleading food labels, and major manufacturers are taking note - In the quest for health, many of us search for products that have an edge over their competition. If something is proclaimed to be “organic” or “natural,” we often think it’s healthier. Marketers hope these on-pack words will influence our buying ... (01/07/2018)
    • The Food Manufacture Excellence Awards reflect world class manufacturing - The Food Manufacture Excellence Awards (FMEAs) reflect the nation’s world class manufacturing standards and its ability to thrive in global export markets after Brexit, says Wyke Farms md Richard Clothier in this exclusive video, filmed after last year ... (01/07/2018)
    • Key Findings of the Global PPE Market for Food Processing Industry | Technavio - LONDON--(BUSINESS WIRE)--The latest market research report by Technavio on the global PPE market for food processing industry predicts a CAGR above 4% during the period 2017-2021. The report segments the global PPE market for food processing industry by ... (01/03/2018)
    • Cargill acquires Ohio pet food manufacturer - Cargill Inc., one of the largest animal feed and pet food suppliers in the world, has acquired an Ohio pet food manufacturing company to expand that part of its business. The Minnetonka-based company announced Tuesday it has entered into an agreement to ... (01/02/2018)

    Government Contracts

    In 2016, the federal government spent a total of $3,076,325,846 on Food Manufacturing. It has awarded 37,310 contracts to 1,747 companies, with an average value of $1,760,919 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

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