Key Takeaways
- The U.S. food market revenue amounted to approximately $1.12 trillion in 2023.
- The U.S. beverage market generated over $514 billion in revenue in 2023.
- Food and beverage industry expected to grow at a CAGR of 5.2% from 2023 to 2028.
- U.S. produced 41.6 billion pounds of cheese in 2023.
- U.S. corn production for food/bev 15 billion bushels in 2023.
- Soybean output 4.2 billion bushels used in food oils 2023.
- Average U.S. household spends $7,200 on food/beverages annually 2023.
- 54% of Americans seek low-sugar products 2023.
- Plant-based meat consumption up 20% in U.S. 2023.
- U.S. food and beverage manufacturing employs 1.8 million workers 2023.
- Average wage in food manufacturing $25/hour 2023.
- 1.7 million jobs in foodservice 2023.
- U.S. food exports reached $180 billion in 2023.
- U.S. food imports totaled $200 billion in 2023.
- Top export: soybeans $28 billion 2023.
The U.S. food and beverage industry is a massive and growing trillion-dollar market driven by diverse consumer trends.
Consumer Trends and Spending
Consumer Trends and Spending Interpretation
Employment and Labor
Employment and Labor Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Production and Manufacturing
Production and Manufacturing Interpretation
Trade and Exports/Imports
Trade and Exports/Imports Interpretation
Sources & References
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- Reference 4FMIfmi.orgVisit source
- Reference 5OTAota.comVisit source
- Reference 6PLANTBASEDFOODSplantbasedfoods.orgVisit source
- Reference 7BREWERSASSOCIATIONbrewersassociation.orgVisit source
- Reference 8GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 9BEVINDUSTRYbevindustry.comVisit source
- Reference 10AMERICANPETPRODUCTSamericanpetproducts.orgVisit source
- Reference 11DIGITALCOMMERCE360digitalcommerce360.comVisit source
- Reference 12DISTILLEDSPIRITSdistilledspirits.orgVisit source
- Reference 13USDAusda.govVisit source
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- Reference 18CENSUScensus.govVisit source
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- Reference 27WINEBUSINESSwinebusiness.comVisit source
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- Reference 49GLOBALTRADEglobaltrade.govVisit source
- Reference 50USTRustr.govVisit source






