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
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

consumable
1640s, from consume + -able.

consumables
"articles of consumption," 1802, from consumable.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Cost of consumables is one area where lasers really shine.
The property is stocked with all amenities and consumables, down to dish and
  laundry detergent.
These inexpensive consumables have helped keep the lid on inflation.
Decreased expectations of wages and increased expectations for future
  consumables drives up the need for savings.
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