The food industry is worth $1.5 trillion annually in the United States.

It’s important to remember that there are many sectors within the food industry including agricultural production, food processing, foodservice, food distribution and retailing. It includes everything from small, family-owned farms and restaurants to huge retailing chains and large public food conglomerates. Altogether, these businesses generate nearly one-fifth of the nation’s total GDP.

The industry employs nearly 15 million people and is responsible for generating $400 billion in wages and salaries. The food industry also pays nearly $100 billion in federal, state, and local taxes. The food industry is also a major source of exports, with shipments totaling more than $115 billion in 2016. Although retail channels have blurred over the past decades, the supermarket remains the most common place where Americans buy food, and there are more than 38,000 supermarkets in the United States.

The food industry is constantly evolving. Supermarkets are becoming more like restaurants, and restaurants are becoming more like supermarkets and all the while consumers are getting comfortable buying food online. These trends are changing the way Americans eat and impacting the way the food industry does business.

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