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The food system, including food service and food retailing supplied $1.24 trillion worth of food in 2010 in the US, $594 billion of which was supplied by food service facilities, defined by the USDA as any place which prepares food for immediate consumption on site, including locations that are not primarily engaged in dispensing meals such as recreational facilities and retail stores. [2]
The food industry is a complex, global network of diverse businesses that supplies most of the food consumed by the world's population. The food industry today has become highly diversified, with manufacturing ranging from small, traditional, family-run activities that are highly labour-intensive, to large, capital-intensive and highly ...
The drink industry (or drinks industry, also known as the beverage industry) produces drinks, in particular alcoholic beverage, ready to drink and soft drink products. [ 1 ] Drink production can vary greatly depending on the product being made.
Between 2004 and 2010, the food processing industry in Bangladesh grew at an average 7.7 percent per annum. Bangladesh Bureau of Statistics, in its 25006 Economic Census, reported that there were approximately 246 medium-sized food processing industries employing 19 percent of the industrial manufacturing workforce in Bangladesh or 8 percent of the total manufacturing labor force.
The CBA represents companies that manufacture food, beverages, household, and personal care products. As of December 2020, the CBA represented more than 1,700 brands. [2] Since the CBA's rebranding in 2020, 18 companies have joined it, increasing growth by more than 30%. As of 2021, the CBA represents 73 CPG companies with nearly 2,000 brands. [3]
[1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3] The industry as a whole as of February 2020 employed more than 15 million people, representing 10% of the workforce directly. [1] It is the nation's second largest private employer and the third largest employer overall.
The International Foodservice Distributors Association estimates that food service distributors in the U.S., as a daily average, deliver approximately 27 million cases of food and other products. [2] Food service distribution companies can range in size from a one-truck operation to larger corporations.
It is the fastest-growing sector of the industry, partially due to the maturity of the carbonated soft drink sector and heavy investments by major food and beverage companies. [5] Another reason for the industry's growth may be the consumer-oriented market scheme whereby innovative ideas come from consumers.