The production volumes of food and beverages in the US have generally shown an upward trend from 2013 to 2023, standing at $907.25 billion in 2023. The year-on-year percentage variations reveal fluctuating growth, with significant dips in 2017 and 2020 but notable recovery in 2021. The CAGR over the last five years is 0.63%, indicating modest growth.

Future trends to watch for include:

Continued moderate growth in production volumes, with forecasts suggesting a 5-year CAGR of 0.46% from 2024 to 2028.
Evolving consumer preferences towards healthier and sustainable food options, potentially influencing production dynamics.
Technological advancements in food processing and supply chain management driving efficiency improvements.