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The State of the Food Industry Today, Business and Industry Trends Analysis

The global processed food and beverages industry is dominated by a handful of multinational corporations. Among the leaders are Unilever, Cadbury Schweppes, Kraft Heinz, Mendelez International (formerly part of Kraft Foods, Inc.), General Mills and Nestlé. Unilever, for example, estimates that 2 billion people per day purchase its products, ranging from Knorr soups to SlimFast diet meals, in 190 nations around the globe.

According to U.S. Department of Agriculture (USDA) estimates, U.S. food production of all types, from animal processing to packaged foods manufacturing, totaled about $586.2 billion in 2023, employing 1.73 million people. This includes foods manufactured for export but does not include tobacco products.

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