Assessing dietary intake in epidemiological studies are predominantly based on self-reports, which are subjective, inefficient, and also prone to error. Technological approaches are therefore emerging to provide objective dietary assessments. Using only egocentric dietary intake videos, this work aims to provide accurate estimation on individual dietary intake through recognizing consumed food items and counting the number of bites taken. This is different from previous studies that rely on inertial sensing to count bites, and also previous studies that only recognize visible food items but not consumed ones. As a subject may not consume all food items visible in a meal, recognizing those consumed food items is more valuable. A new dataset that has 1,022 dietary intake video clips was constructed to validate our concept of bite counting and consumed food item recognition from egocentric videos. 12 subjects participated and 52 meals were captured. A total of 66 unique food items, including food ingredients and drinks, were labelled in the dataset along with a total of 2,039 labelled bites. Deep neural networks were used to perform bite counting and food item recognition in an end-to-end manner. Experiments have shown that counting bites directly from video clips can reach 74.15% top-1 accuracy (classifying between 0-4 bites in 20-second clips), and a MSE value of 0.312 (when using regression). Our experiments on video-based food recognition also show that recognizing consumed food items is indeed harder than recognizing visible ones, with a drop of 25% in F1 score.