Other Food Manufacturing - 2024 U.S. Market Research Report with Updated Recession Forecasts
The 2024 Other Food Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2015-2028.
This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, 31 balance sheet benchmarks, inventory statistics, extensive industry segmentation by concentration, business size, and business structure, market share of top 50 company segments, market size and other statistics by state, plant utilization, BCG matrix, operating expense details on 26 categories, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.
This report is based on extensive business surveys filled out by companies in the industry. Our analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights which leaders depend on for their market research needs.
This industry group includes companies primarily engaged in manufacturing food (except animal food; grain and oilseed milling; sugar and confectionery products; preserved fruit, vegetable, and specialty foods; dairy products; meat products; seafood products; and bakeries and tortillas). The industry group includes industries with different productive processes, such as snack food manufacturing; coffee and tea manufacturing; concentrate, syrup, condiment, and spice manufacturing; and, in general, an entire range of other miscellaneous food product manufacturing.
Below are a few of the thousands of stats from the 2024 Other Food Manufacturing Market Research Report:
INDUSTRY SIZE
In 2023, industry sales were $136.1 billion
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INDUSTRY GROWTH
Over the past 3 years, the industry has grown at an annual rate of 3.6%
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COMPANY GROWTH
There are 3,212 companies in the industry
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SALES PER FACILITY
In 2023, the average sales per facility was $37.5 million
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PPI & PRICING
2023 PPI growth was 3.9%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.4
Benchmark nine other important financial ratios
PRODUCTIVITY ANALYSIS
In 2023, employee productivity was $635,081
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EXPENSE BENCHMARKING
1.7% of expenses are spent on health insurance
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OPERATING EXPENSES
In 2023, industry operating expenses grew 0.2%
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PAYROLL
In 2023, payroll per employee was $55,374
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JOB CATEGORIZATION BENCHMARKS
5.4% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $23.03
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.
Purchase the 63-page 2024 U.S. Market Research Report on Other Food Manufacturing now to unlock the insight from one of the most trusted research firms.
NAICS code: 3119
- Report Overview
- Industry Overview
- Methodology
- Industry Definition & Profile
- Revenue & Growth Snapshot
- Costs & Profitability Snapshot
- Industry Market Size
- Trend Analysis from 2015 to 2023
- 2024 Forecast
- 5-Year Forecast
- Total Market Size
- Number of Companies
- Number of Facilities
- Growth Benchmarks
- Trends from 2015 to 2023
- Forecasts for 2024 and the Next 5 Years
- Revenue per Company
- Revenue per Facility
- Facilities per Company
- Breakdown of Product Lines
- Percentage of Revenue from Top Product Lines
- BCG Matrix
- Income vs. Revenue Growth Matrix
- Manufacturing Subsectors vs. Industry
- Industry Revenue by Month & Year
- Revenue per Month for 2019-2023
- Total Inventory by Month & Year
- Inventory Value per Month for 2019-2023
- Months of Inventory
- Months of Inventory by Month for 2019-2023
- Concentration Segmentation
- Segments include Top 4, 5-8, 9-20, & 21-50 companies
- Market Share & Revenue
- Companies & Facilities
- Employment & Payroll
- Productivity
- Revenue per Company & Facility
- Payroll per Employee
- Subsector Market Share
- Business Size Segmentation
- Segments include 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
- Market Share & Revenue
- Companies & Facilities
- Employment & Payroll
- Productivity
- Revenue per Company & Facility
- Payroll per Employee
- Business Size Segmentation
- Segments include C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
- Market Share & Revenue
- Companies & Facilities
- Employment & Payroll
- Productivity
- Revenue per Company & Facility
- Payroll per Employee
- State Statistics
- Market Size by State
- Revenue per Employee and State Rankings
- Number of Employees and State Rankings
- Sales as a % of Manufacturing and State Rankings
- Sales as a Percent of GDP by State
- Sales per Facility and State Rankings
- Payroll per Employee and State Rankings
- Plant Metrics
- Utilization
- Hours
- 2020-2023 by Quarter
- Reasons for Non-Full Production – Quarterly for 2022-2023
- Pricing & PPI
- Annual PPI - Indexed to 2006
- Trends from 2015 to 2023
- Forecasts for 2024 and the Next 5 Years
- Seasonal Monthly PPI Figures for the Past 4 Years
- Profitability & Financial Ratio Analysis
- Percent of Companies that are Profitable
- Average Net Income as a Percent of Revenue
- Total Asset Turnover
- Fixed Asset Turnover
- Fixed Assets to Total Assets Ratio
- Total Assets to Total Liabilities Ratio
- Return on Sales
- Return on Total Assets
- Return on Net Worth
- Total Liabilities to Net Worth Ratio
- Fixed Assets to Net Worth Ratio
- Solvency Ratio
- Balance Sheet Benchmarks
- Current Assets
- Non-Current Assets
- Short-term Liabilities
- Long-term Liabilities
- Equity
- 31 Balance Sheet Categories
- Workforce Breakdown (% of Employees)
- 27 Job Categories covering:
- Operations & Production
- Management & Finance
- Sales & Marketing
- IT & Engineering
- Service, Support & Training
- Operating Expense Detail
- Employee Expenses
- Annual Payroll
- Health insurance
- Defined benefit pension plans
- Defined contribution plans
- Other fringe benefits
- Contract labor costs, incl. temporary help
- Cost of Materials
- Cost of materials, containers, packaging, etc.
- Cost of electricity and fuels
- Cost of contract work
- Building and Equipment
- Capex for machinery and equipment
- Capex for buildings and structures
- Rental or lease
- Repair and maintenance
- Refuse Removal
- IT Expenses
- Data processing & other computer services
- Communication services
- Miscellaneous Expenses
- Advertising and promotional services
- Professional and technical Manufacturing
- Taxes and license fees
- Other Operating Expenses
- Production Material Costs
- Top Production Material Cost Breakdown
- Broken Out by Line Item as a % of Total Material Costs
- Up to 20 Line Items
- Industry Operating Expenses
- Industry Operating Expenses
- Industry Revenue vs. Operating Expense Growth
- Operating Expense as a Percent of Revenue
- Operating Expenses per Company
- Operating Expenses per Facility
- Revenue vs. Expenses Growth per Facility
- Trends from 2015 to 2023
- Forecasts for 2024 and the Next 5 Years
- Productivity & Industry Employment
- Trends from 2015 to 2023
- Forecasts for 2024 and the Next 5 Years
- Revenue per Employee
- Total Industry Employees
- Employees per Company
- Consolidation Analysis
- Growth of Companies by Business Size
- Growth of Facilities by Business Size
- Growth of Facilities per Company by Business Size
- 2018 versus 2023
- Employment by Business Size
- Number of Employees by Business Size
- Employees per Company by Business Size
- Employees per Facility by Business Size
- 2018 versus 2023
- Manufacturing Subsector Benchmarking Analysis
- Sales and 5-Year CAGR
- Number of Companies
- Number of Facilities
- Facilities per Company
- Employees per Company
- Industry Payroll
- Payroll per Employee
- Payroll per Company
- Payroll per Facility
- Trends from 2015 to 2023
- Forecasts for 2024 and the Next 5 Years
- Job Categorization Pay Ranges
- Management & Finance
- Sales & Marketing
- IT & Engineering
- Service & Support
- Operations & Production
- Pay Bands - Bottom 10% & 25%, Mean, Top 25% & 10%
- Top 20 Jobs Breakdown
- Percent of Total Employees
- Pay Bands - Bottom 10% & 25%, Mean, Top 25% & 10%
- Purchase the 63-page 2024 U.S. Market Research Report on Other Food Manufacturing now to unlock the insight from one of the most trusted research firms.
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