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2018 Market Analysis & Industry Outlook: Food Services & Drinking Places


Overview: the U.S. Food Services & Drinking Places Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Food Services & Drinking Places: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Food Services & Drinking Places industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Gambling Services

Gambling Machine Products

Sale Of Tickets To Lotteries & Other Games Of Chance

Room Or Unit Accommodation For Travelers & Others

Groceries & Other Food Items For Human Consumption Off The Premises

Alcoholic Beverages Served For Immediate Consumption

Distilled Spirits Served For Immediate Consumption

Wine & Wine Drinks Served For Immediate Consumption

Beer, Ale, & Malt Beverages Served For Immediate Consumption

Packaged Liquor, Wine, & Beer

Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others

All Other Merchandise

Souvenirs & Novelty Items

Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared

Meals & Snacks Served By A Server (I.E., Full Service)

Nonalcoholic Beverages Served By A Server (I.E., Full Service)

Meals & Snacks Dispensed W/O Table Service For Consumption On Premises

Nonalcoholic Beverages Dispensed W/O Table Service For Consumption On The Premises

Meals & Snacks Dispensed Via Drive-Through Service

Nonalcoholic Beverages Dispensed Via Drive-Through Service

Meals & Snacks Prepared For Immediate Consumption Off The Premises

Nonalcoholic Beverages Prepared For Immediate Consumption Off The Premises

Meals & Snacks Dispensed Via Mobile Vending Service

Meals, Snacks & Beverages Prepared Under Long-Term Contract

Meals, Snacks & Nonalcoholic Beverages Prepared Under Long-Term Contract For Tansportation Businesses

Meals, Snacks & Nonalcoholic Beverages Prepared Under Long-Term Contract Other Than For Transportation Businesses

Alcoholic Beverages Prepared For Immediate Consumption Under Long-Term Contract

Meals, Snacks, & Beverages Prepared For Catered Events

Meals, Snacks & Nonalcoholic Beverages Served At Catered Events On The Caterer's Premises

Meals, Snacks & Nonalcoholic Beverages Served At Catered Events Away From The Caterer's Premises

Meals, Snacks & Nonalcoholic Beverages Dropped Off At The Customer's Event

Meals, Snacks & Nonalcoholic Beverages Prepared For Customer Pick-Up

Alcoholic Beverages Prepared For Catered Events

Admissions To Live Performing Arts Performances

Admissions To Dance Halls & Clubs, Including Cover Charges

Hosting Of Vending Machines, Video Games, & Other Non-Gambling Coin-Operated Machines

Employment Services, Including Temporary Cooks, Bartenders, & Waitstaff

Delivery Services For Food & Beverages

Rental Of Non-Residential Space

Other Services

All Other Merchandise, Excluding Lottery Ticket Sales/Commissions



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Food Services & Drinking Places company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Food Services & Drinking Places industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Food Services & Drinking Places measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers1%
Protective Service Occupations 6%
Other Protective Service Workers 6%
Security Guards and Gaming Surveillance Officers 6%
Security Guards 6%
Food Preparation and Serving Related Occupations 90%
Supervisors of Food Preparation and Serving Workers 7%
Supervisors of Food Preparation and Serving Workers 7%
First-Line Supervisors of Food Preparation and Serving Workers 6%
Cooks and Food Preparation Workers 21%
Cooks 16%
Cooks, Fast Food 5%
Cooks, Institution and Cafeteria 8%
Cooks, Restaurant 9%
Food Preparation Workers 9%
Food Preparation Workers 9%
Food and Beverage Serving Workers 53%
Bartenders 46%
Bartenders 46%
Fast Food and Counter Workers 28%
Combined Food Preparation and Serving Workers, Including Fast Food 25%
Counter Attendants, Cafeteria, Food Concession, and Coffee Shop 5%
Waiters and Waitresses 20%
Waiters and Waitresses 20%
Food Servers, Nonrestaurant 5%
Food Servers, Nonrestaurant 5%
Other Food Preparation and Serving Related Workers 10%
Dishwashers 7%
Dishwashers 7%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop 6%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop 6%
Sales and Related Occupations 5%
Source: Bureau of Labor Statistics


Food Services & Drinking Places Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Frontera Hospitality Group trademarks "MEXICO CALLING" - Beer - 03/03/2018
  • Gentile Investments trademarks "ANTONIO'S" - Restaurant, bar, and catering services - 03/03/2018
  • Luby's Restaurants trademarks "WORLD'S GREATEST CUSTARD" - Dessert items - 03/03/2018
  • Roti Restaurants raises $13 million in funding. - 02/20/2018
  • North Carolina State University patents Limited Transpiration Traits And Breeding Methods In Maize - 02/15/2018
  • Meritage Hospitality Group raises $11 million in funding. - 02/09/2018
  • Sun Basket raises $15 million in funding. - 01/25/2018
  • Cooper's Hawk Intermediate Holding patents Collapsible And Portable Wine Nook - 03/30/2017




  • Top Innovators

    CompanyInnovation Score
    North Carolina State University348
    Hard Rock Cafe International Usa300
    Applied Food Sciences32
    Mcdonald's Corporation & Subsidiaries
    Aramark Services

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • 8 food and drink predictions for 2018 - But Sea to Table, which connects restaurants with sustainable fisheries ... I suspect that early uses of marijuana in restaurant food and drink will not be with the euphoria-inducing and brain-clouding chemical Tetrahydrocannabinol, or THC, but with ... (11/29/2017)
    • 11 Chicago food and drink deals for service members on Veterans Day - To honor those who have served for Veterans Day, several restaurants throughout the city are offering deals on food and drink. We’ve rounded up 11 ... Vets and active-duty service members will receive 50-percent off their entire order all day Saturday ... (11/11/2017)
    • Foodie news: Chapel Hill food and drink fest almost here - TerraVita Food & Drink Festival is Oct.18-21 and they are celebrating their ... And over in Carrboro, Mel's has closed their lunchtime service and will just focus on catering. Mel's is owned by Melody and Al Bowers of Al's Burger Shack fame. (10/06/2017)
    • Road trip: 24 food-and-drink spots along the Mississippi in Wisconsin - Like its Minneapolis sibling — the Hewing Hotel in the city’s North Loop neighborhood — the Charmant places an emphasis on food and drink opportunities ... in a former 1940s service station that’s as design-forward as any North Loop caffeination ... (06/28/2017)
    • Former Cafe Ollie in Ypsilanti now 2 separate places for food and drink - YPSILANTI, MI - The former Cafe Ollie in Ypsilanti's Depot Town is now two separate ... Both spaces reopened in April, after some renovations, with new identities: Ollie Food + Spirits, a full-service restaurant at 42 E. Cross St., and Cream & Crumb ... (06/15/2017)
    • Dream of convenient food and drink service hoisted into Red Rocks Amphitheatre on a winch and a crane - On Tuesday, crews from Gallery used both to lower about 65 pieces of new food-service equipment into place in the natural amphitheater. In locations where there was enough room to maneuver, they used the crane. In others, they set up a winch-and-pulley ... (03/22/2017)
    • Where to Get Free Food & Drink Deals for Veterans Day - The list features more than 40 restaurants with free food for veterans and active-duty military. There are some great Veterans Day deals for things like free haircuts and oil changes highlighted down below as well. In almost all cases, proof of service ... (11/04/2016)
    • Nosh Pit: Drug, alcohol abuse common in restaurant industry - The food-services industry also had the highest rate of substance abuse disorder – 16.9 percent – compared to other professions. Heavy alcohol use, defined as drinking five or ... He’s worked in Sacramento-area restaurants since the age of 12 and ... (05/08/2015)
    • Food services deliver biggest job growth - Food services, including “drinking places,” delivered the most job growth with a gain of 42,000 jobs, according to Labor. Hot sectors also included professional and business services, which gained 37,000; retail trade, growing by 27,000; and health ... (11/08/2014)
    • New York City seeks to ban big sodas from restaurants, food carts - The ban would outlaw such drinks larger than 16 ounces at restaurants, food carts and any other establishments that receive letter grades for food service. It would not ... it as "misguided" and "arbitrary." Is drinking soda really bad for you? (05/31/2012)


    Government Contracts

    In 2016, the federal government spent a total of $1,002,856,188 on Food Services & Drinking Places. It has awarded 5,636 contracts to 910 companies, with an average value of $1,102,040 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Food Services & Drinking Places to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Meals, Snacks And Beverages Prepared For Immediate Consumption
    Competing IndustrySales Relative to Food Services & Drinking PlacesOpportunity/Threat
    Limited-Service Eating Places Competing industry
    Coffee Shops, Bagel, Donut & Ice Cream Shops Competing industry

    Sales from other industries of Meals, Snacks And Beverages Prepared For Immediate Consumption are less than those from Food Services & Drinking Places. This may mean that other channels are a competitive risk of increasing their Meals, Snacks And Beverages Prepared For Immediate Consumption sales, taking market share from this industry.
    Meals, Snacks And Beverages Prepared For Immediate Consumption Product Sales Report



    Meals & Snacks Served At A Table By A Server
    Competing IndustrySales Relative to Food Services & Drinking PlacesOpportunity/Threat

    Sales from other industries of Meals & Snacks Served At A Table By A Server are less than those from Food Services & Drinking Places. This may mean that other channels are a competitive risk of increasing their Meals & Snacks Served At A Table By A Server sales, taking market share from this industry.
    Meals & Snacks Served At A Table By A Server Product Sales Report

    Meals & Snacks Dispensed W/O Table Service For Cons On Premises
    Meals & Snacks Dispensed W/O Table Service For Cons On Premises Product Sales Report

    Alcoholic Beverages Served For Immediate Consumption
    Alcoholic Beverages Served For Immediate Consumption Product Sales Report

    Meals & Snacks For Immediate Consumption Off Premises
    Meals & Snacks For Immediate Consumption Off Premises Product Sales Report

    Beer, Ale & Malt Beverages Served For Immediate Consumption
    Beer, Ale & Malt Beverages Served For Immediate Consumption Product Sales Report

    Distilled Spirits Served For Immediate Consumption
    Distilled Spirits Served For Immediate Consumption Product Sales Report

    Non-Alcoholicoholic Beverages Served At A Table By A Server
    Non-Alcoholicoholic Beverages Served At A Table By A Server Product Sales Report

    Non-Alcoholicohol Beverages Dispensed W/O Table Service For Cons On Premises
    Non-Alcoholicohol Beverages Dispensed W/O Table Service For Cons On Premises Product Sales Report

    Meals, Snacks & Beverages Prepared For Catered Events
    Meals, Snacks & Beverages Prepared For Catered Events Product Sales Report