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Food & Beverage Storage
The food industry is the complex, global collective of diverse businesses that together supply much of the food energy consumed by the world population. Only subsistence farmers, those who survive on what they grow, can be considered outside of the scope of the modern food industry. more...
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The food industry includes:
Regulation: local, regional, national and international rules and regulations for food production and sale, including food quality and food safety, and industry lobbying activities;
Education: academic, vocational, consultancy;
Research and development: food technology;
Financial services insurance, credit;
Manufacturing: agrichemicals, seed, farm machinery and supplies, agricultural construction, etc.;
Agriculture: raising of crops and livestock, seafood;
Food processing: preparation of fresh products for market, manufacture of prepared food products;
Marketing: promotion of generic products (e.g. milk board), new products, public opinion, through advertising, packaging, public relations, etc;
Wholesale and distribution: warehousing, transportation, logistics;
Retail: supermarket chains and independent food stores, direct-to-consumer, restaurant, food services;
Overview
Definitions
Food industry is not a formally defined term; however, it is usually used in a broadly inclusive way to cover all aspects of food production and sale. The Food Standards Agency, a government body in the UK, describes it thus:
- "...the whole food industry – from farming and food production, packaging and distribution, to retail and catering."
The Economic Research Service of the USDA uses the term food system to describe the same thing:
- "The U.S. food system is a complex network of farmers and the industries that link to them. Those links include makers of farm equipment and chemicals as well as firms that provide services to agribusinesses, such as providers of transportation and financial services. The system also includes the food marketing industries that link farms to consumers, and which include food and fiber processors, wholesalers, retailers, and foodservice establishments.".
Industry size
Processed food sales worldwide are approximately US$3.2 trillion (2004).
In the U.S., consumers spend approximately US$1 trillion annually for food, or nearly 10 percent of the Gross Domestic Product (GDP). Over 16.5 million people are employed in the food industry.
Agriculture
Agriculture is the process of producing food, feed, fiber and other desired products by the cultivation of certain plants and the raising of domesticated animals (livestock). The practice of agriculture is also known as "farming", while scientists, inventors and others devoted to improving farming methods and implements are also said to be engaged in agriculture. More people in the world are involved in agriculture as their primary economic activity than in any other, yet it only accounts for four percent of the world's GDP.
Read more at Wikipedia.org
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