While
it is obvious that food is of equal importance to all people on planet Earth,
the relative cost of that food is not equal.
It varies widely due to such influences as location, local food
industries and the availability of proper infrastructure for food
transportation and storage.
Households in well-developed nations such as
the U.S.
Canada, Singapore and countries in Europe, spend a relatively modest
portion of household income on food, typically 11%-15%.
In less-developed nations, such as Pakistan,
Nigeria and the Philippines, food may account for more than 40% of spending,
making it hard for families to invest in education or health care.
In America, the average household spent $7,316
on food in 2020, down significantly from $8,169 during 2019, and $7,923 in 2018.
That included $4,942 spent on food for
at-home dining, and $2,375 for dining out.
The ratio of money spent dining out during 2020 dropped dramatically due
to the Coronavirus and started a recovery during early 2021.
The retail grocery store and supermarket
industry in the U.S., with about 49,000 stores, totaled about $901.5 billion in
revenues during 2021, according to U.S.
Department of the Census figures.
However, food products and beverages in
America and elsewhere are sold at a wide variety of stores other than
supermarkets.
To get the full U.S.
picture, it is important to consider food and beverage sales at 64,000
non-traditional food-sellers such as wholesale clubs and dollar stores,
estimated at $550
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