The Size of 66 Food Subindustries in 2023


Subindustries of the food industry

There are many subindustries within the food industry (e.g. wheat farming, flour milling, bread production, fast food restaurants, etc). In this article, I list 66 of these subindustries along with the total U.S. revenue and average profit margin for each. Industries which are both large and profitable are highlighted in purple while industries that especially small and/or unprofitable are highlighted in orange. Use this list as a guide when selecting what kind of business to start or how to expand your existing food industry business.

IndustryU.S. Industry RevenueU.S. Industry Profit Margin
1Beef Cattle Production

(i.e. farming cattle and selling to meat processing plants & beef wholesalers)
$85 Billion4.0%
2Beef and Pork Wholesaling

(i.e. buying beef & pork from farmers and selling to retailers)
$109 Billion2.4%
3Meat Processing

(i.e. buying, slaughtering, processing, and packaging livestock and poultry, selling the resulting products to wholesalers and food manufacturers and retailers, and selling the byproducts as oil or leather)
$296 Billion5.2%
4Hot Dog & Sausage Production$23 Billion4.5%
5Corn Farming$95 Billion14.3%
6Wheat, Barley, and Sorghum Farming$17.7 Billion16.1%
7Bread Production$53 Billion4.6%
8Bread & Bakery Products Wholesaling

(Primary customers are cafes and grocery stores)

Primary products:
– Cookies & cakes (51.9%)
– Bread & rolls (26.5%)
– Other baked goods, including crackers (13.9%)
– Baking mixes & dough (7.7%)

Example products:
– Sara Lee cakes
– Oreo cookies
– Bagged bread in bread aisle
$58 Billion2.6%
9Soybean Farming$64 Billion13.0%
10Corn, Wheat, and Soybean Wholesaling$275 Billion4.1%
11Flour Milling

Product categories:
– Wheat flours (43.6%)
– Rice flours (20.6%)
– Corn products (8.3%)
– Malt products (4.8%)
– Other (22.7%)
$27 Billion7.0%
12Breakfast Cereal Production

(i.e. buying ingredients, manufacturing boxed/packaged cereal, and selling it to wholesalers and grocery stores)
$12.5 Billion6.9%
13Tortilla Production$6.4 Billion7.2%
14Sugar Processing

(i.e. buying sugarcane and sugar beets, refining it into various forms of usable sugar, and then primarily selling it to processed food manufacturers)
$13.2 Billion7.6%
15Farm Animal Feed Production

(i.e. buying soybeans, corn, and other ingredients, manufacturing food for farm animals, and then selling it to cattle ranches, hog farms, and other animal farms)
$46 Billion2.7%
16Fruit & Nut Farming

Biggest product categories:
– Grapes (19.6%) – sold primarily to winemakers
– Almonds (18.2%)
– Strawberries (13.4%)
– Apples (10.7%)
– Cherries, Blueberries & Cranberries (8.2%)
– Pecans & Walnuts (5.5%)
– Other (24.4%)
$23 Billion6.7%
17Vegetable Farming$21 Billion6.1%
18Leafy Greens Farming$5.2 Billion11.0%
19Hydroponic Crop Farming$800 Million4.4%
20Olive Oil Production

*Note: Most olive oil consumed in the U.S. is imported which is why this number is so low
$82 Million3.4%
21Kombucha Production$1.3 Billion3.9%
22Whiskey & Bourbon Distilleries$5.7 Billion2.6%
23Vodka Distilleries$4.2 Billion9.8%
24Wineries$27 Billion4.7%
25Breweries

(i.e. brewing beer and then selling it to wholesalers and retailers)
$38 Billion2.4%
26Craft Beer Production$7.7 Billion4.3%
27Beer Wholesaling$89 Billion4.2%
28Cider Production$540 Million3.1%
29Beer, Wine, and Liquor Stores$82 Billion3.8%
30Tofu$100-300 Million10%
31Dairy Farms$59 Billion6.3%
32Dairy Wholesaling$117 Billion1.2%
33Dairy Product Production

(i.e. buying milk, producing milk, butter, cheese, dry and condensed milk, and other dairy products, and then selling to wholesalers, retailers, and food service companies)
$164 Billion3.1%
34Cheese Production

Product categories
– American cheeses (40.8%)
– Italian cheeses (41.5%)
– Other cheeses (17.7%)
$68 Billion3.2%
35Ice Cream Production$10.6 Billion4.9%
36Yogurt Production

(i.e. purchasing ingredients, manufacturing yogurt, and then selling it to wholesalers/distributors, supermarkets, and convenience stores)
$8.2 Billion1.7%
37Frozen Yogurt Stores$677 Million5.7%
38Juice & Smoothie Bars$2.7 Billion4.8%
39Soda Production$42 Billion5.1%
40Juice Production

(i.e. Buying ingredients, producing & bottling/packaging juice, and then selling juice products to wholesalers and retailers)
$14.0 Billion10.7%
41Frozen Food Production

Product categories:
– Frozen meals & prepared foods (41.6%)
– Frozen veggies (31.4%)
– Frozen pizza (18.6%)
– Frozen fruit & juice concentrates (8.4%)
$44 Billion2.0%
42Salad Dressing Production$4.2 Billion5.5%
43Seasoning, Sauce, and Condiment Production$31 Billion5.8%
44Snack Food Production

(i.e. Buying ingredients, manufacturing snack foods such as chips, pretzels, roasted & salted nuts, peanut butter, and popcorn, and then selling the snack foods to wholesalers/distributors and grocery stores)
$43 Billion14.1%
45Chocolate Production

(i.e. buying cacao beans, milk, sugar, and other ingredients, processing them into chocolate-based confectionery, and selling the resulting products to wholesalers, retailers, and other intermediaries)
$19.9 Billion13.9%
46Specialty Chocolate Retail Stores$1.4 Billion10.5%
47Confectionery Wholesaling

(i.e. wholesaling candy and sugary pastries)
$69 Billion3.5%
48Candy Production$12.9 Billion4.0%
49Coffee Production

(i.e. buying coffee beans and other ingredients, producing coffee products like roasted beans, coffee grounds, ready-to-drink coffee, and instant coffee, and then selling the products to wholesalers and supermarkets)

Products categories:
– 39.4% single-serve coffee (e.g. K-cups)
– 31% roasted beans & coffee grounds
– 22.5% instant coffee
– 7.1% ready-to-drink coffee
$13.0 Billion10.4%
50Starbucks

(U.S. sales only)
$24 Billion20%
51Coffee & Snack Shops$64 Billion4.0%
52McDonalds

(U.S. sales only)
$9.4 Billion31%
53Fast Food Restaurants$388 Billion5.2%
54Single Location Full-Service Restaurants$234 Billion4.2%
55Mexican Restaurants$80 Billion4.4%
56Pizza Restaurants$65 Billion5.1%
57Italian Restaurants$86 Billion4.9%
58Chinese Restaurants$26 Billion5.3%
59Korean Restaurants$5.4 Billion3.6%
60Premium Steak Restaurants$6.7 Billion4.7%
61Buffet Restaurants$5.5 Billion4.8%
62Sushi Restaurants$28 Billion7.0%
63Burger Restaurants$177 Billion6.0%
64Vegetarian & Vegan Restaurants$31 Billion4.2%
65Sandwich & Sub Restaurants$45 Billion5.3%
66Food Trucks$1.5 Billion6.4%

If you’re thinking of starting a food blog or food Youtube channel, you should also check out this list of 17 real, successful, niche food industry blogs.

If you want to start your own farm, then consider renting chickens or growing one of the 18 most lucrative cash crops for small farms.

If you want to start a poultry farm, check out this overview of the U.S. turkey industry first.

Ricky Nave

In college, Ricky studied physics & math, won a prestigious research competition hosted by Oak Ridge National Laboratory, started several small businesses including an energy chewing gum business and a computer repair business, and graduated with a thesis in algebraic topology. After graduating, Ricky attended grad school at Duke University in the mathematics PhD program where he worked on quantum algorithms & non-Euclidean geometry models for flexible proteins. He also worked in cybersecurity at Los Alamos during this time before eventually dropping out of grad school to join a startup working on formal semantic modeling for legal documents. Finally, he left that startup to start his own in the finance & crypto space. Now, he helps entrepreneurs pay less capital gains tax.

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