The Economic Impact of the Food and Beverage Industry
The Economic Contribution of the Food and Beverage Industry examines the role of the food and beverage industry within the food system and in regional economies; how the industry contributes to growth and innovation in the food system; how the industry responds to dynamic consumer demand; and, the role of public policy in shaping the market environment for the food industry.
This report is a review and synthesis of economic literature regarding the food and beverage industry. It uses public data from the US Census Bureau and from the US Department of Agriculture to discuss the complex food value chain that extends from farm producers to food consumers. This report focuses on the food and beverage industry within the food value chain, particularly on its role in transforming raw farm commodities into consumer products.
As the report highlights throughout, the food and beverage industry is a significant and stable contributor to the US economy as an employer, economic growth stimulator, and innovator in the food system.
The report received guidance from a working group of food industry representatives. It is part of a series of research studies designed to measure the impact that certain industries have on the U.S. economy.