SIC 2068 Salted and Roasted Nuts and Seeds

SIC 2068

This category includes establishments primarily engaged in manufacturing salted, roasted, dried, cooked, or canned nuts, or in processing grains or seeds in a similar manner for snack purposes. Establishments primarily engaged in manufacturing confectionery-coated nuts are classified under SIC 2064: Candy and Confectionery Products, and those manufacturing peanut butter are classified under SIC 2099: Food Preparations, Not Elsewhere Classified.

NAICS CODE(S)

311911

Roasted Nuts and Peanut Butter Manufacturing

In the early 2000s, salted or dried peanuts accounted for about half of the snack-nut market. The rest of the snack-nut market was split among mixed nuts, cashews, walnuts, almonds, pistachios, and macadamia nuts. Salted or roasted sunflower seeds, pumpkin seeds, and other seeds also are included in this category. Nuts and seeds are sold both packaged and as bulk food in grocery stores.

Sales of snack nuts totaled $2.7 billion in 2005, up more than 3 percent from 2004. Some 708.7 million pounds of snack nut food was distributed, with more than half sold in convenience stores. Peanuts and other popular nuts for snacking had lost favor with consumers in the 1990s, as low-fat diets took hold. Studies showed, however, that nuts have many health benefits, including heart-healthy Omega 3 fatty acids, and are high in protein, fiber, and antioxidants. These reports and the introduction of new blends of nuts, fruits, and sweets sparked consumer demand, and snack nut sales increased by 19 percent in the early 2000s, including a 7.7 percent increase in 2003.

The world snack food market reached an estimated $66 billion in 2003. The U.S. accounted for about a third of the world's total, and Japan and the United Kingdom jointly accounted for another quarter of the world's total. Snack-food nuts have strong competition from potato chips, tortilla chips, pretzels, and microwave popcorn for the nation's snack dollars. The snack nut and seed industry responded by introducing new flavors of seeds and nuts. For example, Blue Diamond introduced lemon-chili and ranch-flavored almonds in some parts of the country, and Planters introduced hot and mild versions of spicy peanuts, as well as low-fat honey roasted peanuts.

Manufacturers also have tried more creative packaging to expand their markets. Planters brought out a line of snacks in small, narrow bags and called them Munch-and-Go Tube Nuts. However...

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