Industry Description | 2015 Jobs | 2019 Jobs | 2023 Jobs | Job Growth 2015 to 2019 (%) | Projected Job Growth 2019 to 2023 (%) | 2019 Location Quotient |
Grain and Oilseed Milling | 1,490 | 1,415 | 1,403 | -5.0% | -0.8% | 5.47 |
Beverage Manufacturing | 1,075 | 1,058 | 937 | -1.6% | 11.4% | 0.92 |
Dairy Product Manufacturing | 1,006 | 1,010 | 1,030 | 0.4% | 2.0% | 1.58 |
Other Food Manufacturing | 721 | 908 | 1,002 | 25.9% | 10.4% | 0.95 |
Sugar and Confectionery Product Manufacturing | 819
| 864 | 932 | 5.5% | 7.9% | 2.67 |
Animal Slaughtering and Processing | 190 | 439 | 599 | 131.1% | 36.4% | 0.2 |
Fruit/Vegetable Preserving and Specialty Foods | 504 | 430 | 409 | -14.7% | -4.9% | 0.59 |
Bakeries and Tortilla Manufacturing | 114 | 178 | 231 | 56.1% | 29.8% | 0.13 |
Seafood Product Preparation and Packaging | 201 | 171 | 147 | -14.9% | -14.0% | 1.15 |
Tobacco Manufacturing | 256 | 168 | 90 | -34.4% | -46.4% | 3.65 |
Animal Food Manufacturing | 66 | 105 | 109 | 59.1% | 3.8% | 0.39 |
Food+Beverage Processing Total | 6,441 | 6,745 | 6,891 | 4.7% | 2.2% | |
Industry Description | 2015 Jobs | 2019 Jobs | 2023 Jobs | Job Growth 2015 to 2019 (%) | Projected Job Growth 2019 to 2023 (%) | 2019 Location Quotient |
Shown in the table above, industries that comprise food and beverage processing are highlighted with historical, current, and projected employment. In addition to strong employment across a variety of industries, the Greater Memphis region hosts strong specializations within Grain and Oilseed Milling, Dairy Product Manufacturing, and Sugar and Confectionery Product Manufacturing.
Note: Employment estimates derived from Economic Modeling Specialists International, Q2 2020 dataset QCEW Employment.
Location Quotient: Measured against the Nation, location quotients (LQ) are a useful way of quantifying how concentrated a particular industry, cluster, or occupation is in a region as compared to a larger geographic area. An LQ of 1 is equally concentrated within both areas. An LQ of 1.5 indicates that the smaller geographic region is 50% more concentrated regionally, and an LQ of 2 indicates the geographic region is twice as concentrated regionally. An LQ of 0.5 indicates the smaller geographic region is 50% less concentrated against the larger geographic area.