The Top 10 Snacks Companies: Emerging opportunities, growth strategies and financial performance

Table of Contents
The Top 10 Snacks Companies
Executive summary 12
Industry overview 12
PepsiCo 13
Kraft Foods 13
Procter & Gamble (P&G) 14
ConAgra Foods 14
Calbee Foods 15
Grupo Bimbo (Barcel) 15
General Mills 16
United Biscuits 16
Yamazaki (Tohato) 17
Snyder’s of Hanover (Snyder’s) 17
Chapter 1 Introduction 20
Report overview 20
Methodology 20
Chapter 2 Industry overview 24
Summary 24
Introduction 25
Market dynamics 25
Global snacks market size by value 25
Snacks industry drivers and resistors 28
Competitive landscape 29
Top 10 companies based on sales 29
Competitive positioning of the top 10 snacks companies 29
Trends 31
Healthy snacks leading the way in a challenging economic environment 31
Shift towards private label snack foods 32
Rising prices of commodities 33
Chapter 3 PepsiCo 36
Summary 36
Company overview 37
Recent financial performance 37
Performance by business segment 39
Growth strategies 39
Increasing focus on healthy snack foods to drive growth 39
Investing in emerging markets 40
Acquisitions and divestments 41
SWOT analysis 42
Chapter 4 Kraft Foods 44
Summary 44
Company overview 45
Recent financial performance 46
Performance by business segment 47
Growth strategies 48
Innovation and promotional initiatives to drive long term growth 48
Acquisitions and divestments 49
SWOT analysis 49
Chapter 5 Procter & Gamble 52
Summary 52
Company overview 53
Recent financial performance 53
Performance by business segment 54
Growth strategies 55
Diversifying customer base through launch of new variants of Pringles 55
Acquisitions and divestments 56
SWOT analysis 56
Chapter 6 ConAgra Foods 58
Summary 58
Company overview 59
Recent financial performance 59
Performance by business segment 60
Growth strategies 61
Strengthening potato-based snacks capabilities to leverage growth
opportunities in the US 61
Rationalizing snacks operations to attain cost efficiency 61
Acquisitions and divestments 61
SWOT analysis 63
Chapter 7 Calbee Foods 66
Summary 66
Company overview 67
Recent financial performance 68
Growth strategies 68
Ensuring raw material supply for production facilities globally 68
Enhancing market share in the US healthy snacks arena 69
Retaining market share in Japan with healthy snacks 69
Acquisitions and divestments 69
SWOT analysis 70
Chapter 8 Grupo Bimbo (Barcel) 72
Summary 72
Company overview 73
Recent financial performance 73
Growth strategies 74
Penetrating the Mexican market through new product launches 74
Acquisitions and divestments 75
SWOT analysis 75
Chapter 9 General Mills 78
Summary 78
Company overview 79
Recent financial performance 79
Performance by business segment 81
Growth strategies 81
Expanding nutritional snacks portfolio to foster growth 81
Acquisitions and divestments 82
SWOT analysis 83
Chapter 10 United Biscuits 86
Summary 86
Company overview 87
Recent financial performance 87
Growth strategies 88
Repositioning snack foods in the health and nutrition category 88
SWOT analysis 89
Chapter 11 Yamazaki (Tohato) 92
Summary 92
Company overview 93
Recent financial performance 93
Performance by business segment 95
Growth strategies 95
Strengthening product portfolio in healthy snacks 95
Acquisitions and divestments 96
SWOT analysis 97
Chapter 12 Snyder's 100
Summary 100
Company overview 101
Recent financial performance 101
Growth strategies 101
Consolidate share in niche pretzel market through product differentiation 101
Acquisitions and divestments 102
SWOT analysis 102
Chapter 13 Other major players 104
Want-Want 104
Company overview 104
Recent financial performance 104
Old Dutch Foods 106
Company overview 106
Recent financial performance 106
San Carlo 107
Company overview 107
Recent financial performance 107
Sibirsky Bereg 109
Company overview 109
Recent financial performance 109
Frente (Koikeya) 110
Company overview 110
Recent financial performance 111
Utz Quality Foods (Utz) 111
Company overview 111
Recent financial performance 111
J&J Snack Foods 112
Company overview 112
Recent financial performance 112
Yoki Alimentos 114
Company overview 114
Recent financial performance 114
Lorenz Bahlsen Snack-World Holding (Lorenz Bahlsen) 115
Company overview 115
Dr. August Oetker 116
Company overview 116
Recent financial performance 116
Appendix 118
Glossary 118
Index 119
List of Figures
Figure 2.1: Global snacks market size by value ($bn), 2008–13 26
Figure 2.2: Segmentation of global snacks market by product (%), 2008 27
Figure 2.3: Global snacks industry drivers and resistors 28
Figure 2.4: Top 10 snacks companies’ growth, 2006–08 30
Figure 3.5: PepsiCo financial performance ($m), 2004–08 38
Figure 3.6: PepsiCo SWOT analysis 42
Figure 4.7: Kraft Foods financial performance ($m), 2004–08 47
Figure 4.8: Kraft Foods SWOT analysis 49
Figure 5.9: P&G financial performance ($m), 2006–08 54
Figure 5.10: P&G SWOT analysis 56
Figure 6.11: ConAgra Foods financial performance ($m), 2007–09 60
Figure 6.12: ConAgra Foods SWOT analysis 63
Figure 7.13: Calbee Foods SWOT analysis 70
Figure 8.14: Grupo Bimbo (Barcel) financial performance ($m), 2004–08 74
Figure 8.15: Grupo Bimbo (Barcel) SWOT analysis 75
Figure 9.16: General Mills financial performance ($m), 2005–09 80
Figure 9.17: General Mills SWOT analysis 83
Figure 10.18: United Biscuits financial performance ($m), 2004–08 88
Figure 10.19: United Biscuits SWOT analysis 89
Figure 11.20: Yamazaki financial performance ($m), 2004–08 94
Figure 11.21: Yamazaki SWOT analysis 97
Figure 12.22: Snyder’s SWOT analysis 102
Figure 13.23: Want-Want financial performance ($m), 2006–08 105
Figure 13.24: San Carlo financial performance ($m), 2005–08 108
Figure 13.25: Sibirsky Bereg financial performance ($m), 2006–08 110
Figure 13.26: J&J Snack Foods financial performance ($m), 2004–08 113
List of Tables
Table 2.1: Global snacks market size by value ($bn), 2008–13 25
Table 2.2: Performance of global snacks market by product ($bn), 2008 27
Table 2.3: Top 10 snacks companies based on sales ($m), 2008 29
Table 2.4: Top 10 snacks companies’ growth, 2006–08 30
Table 3.5: PepsiCo snapshot 36
Table 3.6: PepsiCo financial performance ($m), 2004–08 38
Table 3.7: PepsiCo business segment performance ($m), 2008 39
Table 3.8: Select healthy snacks brand in PepsiCo’s product portfolio 40
Table 3.9: PepsiCo acquisitions, 2007–09 41
Table 4.10: Kraft Foods snapshot 44
Table 4.11: Kraft Foods financial performance ($m), 2004–08 46
Table 4.12: Kraft Foods business segment performance ($m), 2008 48
Table 5.13: P&G snapshot 52
Table 5.14: P&G financial performance ($m), 2006–08 53
Table 5.15: P&G business segment performance ($m), 2008 55
Table 6.16: ConAgra Foods snapshot 58
Table 6.17: ConAgra Foods financial performance ($m), 2007–09 59
Table 6.18: ConAgra Foods business segment performance ($m), 2009 60
Table 6.19: ConAgra Foods acquisitions, 2007–09 62
Table 7.20: Calbee Foods snapshot 66
Table 7.21: Calbee Foods financial performance, 2007–08 68
Table 8.22: Grupo Bimbo (Barcel) snapshot 72
Table 8.23: Grupo Bimbo (Barcel) financial performance, 2004–08 73
Table 9.24: General Mills snapshot 78
Table 9.25: General Mills financial performance ($m), 2005–09 80
Table 9.26: General Mills business segment performance ($m), 2009 81
Table 10.27: United Biscuits snapshot 86
Table 10.28: United Biscuits financial performance, 2004–08 87
Table 11.29: Yamazaki snapshot 92
Table 11.30: Yamazaki financial performance, 2004–08 94
Table 11.31: Yamazaki business segment performance, 2008 95
Table 12.32: Snyder’s snapshot 100
Table 13.33: Want-Want snapshot 104
Table 13.34: Want-Want financial performance ($m), 2006–08 105
Table 13.35: Old Dutch Foods snapshot 106
Table 13.36: San Carlo snapshot 107
Table 13.37: San Carlo financial performance ($m), 2005–08 108
Table 13.38: Sibirsky Bereg snapshot 109
Table 13.39: Sibirsky Bereg financial performance ($m), 2006–08 109
Table 13.40: Frente (Koikeya) snapshot 110
Table 13.41: Utz snapshot 111
Table 13.42: J&J Snack Foods snapshot 112
Table 13.43: J&J Snack Foods financial performance ($m), 2004–08 113
Table 13.44: Yoki Alimentos snapshot 114
Table 13.45: Lorenz Bahlsen snapshot 115
Table 13.46: Dr. August Oetker snapshot 116