consumable

[kuhn-soo-muh-buhl]
adjective
1.
able or meant to be consumed, as by eating, drinking, or using: consumable goods.
2.
liable to be used up or depleted: comsumable resources.
noun
3.
Usually, consumables. something that is produced to be consumed, as processed food or fuel.

Origin:
1635–45; consume + -able

consumability, noun
nonconsumable, adjective
unconsumable, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
consumable (kənˈsjuːməbəl)
 
adj
1.  capable of being consumed
 
n
2.  (usually plural) goods intended to be bought and used; consumer goods

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

consumable
1640s, from consume + -able.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Consumable commodities, whether necessaries or luxuries, may be taxed in two
  different ways.
Of course it all dumped nicely into a bowl and was consumable.
It is often argued that more lore attaches to chocolate than to any other human
  consumable except wine.
So, this doesn't appear to be consumable for the more general audiences.
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