Food
Industries in the Food Manufacturing subsector transform livestock and agricultural products into products for intermediate or final consumption. The industry groups are distinguished by the raw materials (generally of animal or vegetable origin) processed into food products.
The food products manufactured in these establishments are typically sold to wholesalers or retailers for distribution to consumers, but establishments primarily engaged in retailing bakery and candy products made on the premises not for immediate consumption are included.
Establishments primarily engaged in manufacturing beverages are classified in Subsector 312, Beverage and Tobacco Product Manufacturing.
Quick Statistics
The subsector's revenue for the year 2008 was approximately $607.9 billion USD, with an estimated gross profit of 31.1%. Import was valued at $40.0 billion USD from 217 countries. The subsector also exported $49.4 billion USD worth of merchandise to 169 countries. Adding import value to and subtracting export value from the subsector's shipment value, the total domestic demand for the subsector in 2008 was $598.5 billion USD.
