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Notable Growth in Food Production and Processing
15 Dec 2024
News
The Food and Beverage Production sector in the U.S. is a significant contributor to the economy, accounting for nearly 3.5 million jobs and over $534.3 billion of GDP in 2023. This sector includes Agriculture, Fishing, and Food and Beverage Processing subsectors, with notable job growth in food manufacturing, particularly beverage production.
States in the Midwest lead in employment concentration within this sector compared to the U.S. as a whole and are seeing billions in Food & Beverage Manufacturing investments in 2024 so far. Within 2024, cross-border capital investments in the Food and Beverage industry have surged, driven by both foreign and domestic companies.
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