Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Food Service Contractors

Market Size & Industry Statistics

The total U.S. industry market size for Food Service Contractors: 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.

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

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

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

Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Food Service Contractors industry is facing a number of key trends that are shaping the way businesses in this industry operate. One of the biggest trends is the increasing focus on health and wellness, with consumers demanding healthier food options and greater transparency around sourcing and nutritional information.

Another key trend is the rise of technology, with digital platforms and tools like mobile ordering apps and online ordering systems becoming increasingly popular among consumers and businesses alike. This trend is also driving greater innovation in areas like food delivery and supply chain management.

Other important trends affecting the industry include the growing popularity of plant-based and vegetarian options, as well as the rising demand for sustainable and environmentally-friendly food products. Additionally, the trend towards urbanization is resulting in a greater need for food service solutions that are tailored to dense, urban environments, such as food trucks and pop-up restaurants.

Overall, the Food Service Contractors industry is being shaped by a combination of changing consumer preferences, technological advancements, and societal trends, all of which are contributing to a dynamic and rapidly-evolving business landscape. To thrive in this industry, businesses must stay ahead of these trends and be prepared to adapt to changing market conditions.

Product & Services Breakdown

Research products and services in the Food Service Contractors 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

Alcoholic Beverages Served For Immediate Consumption

Beer, Ale, & Malt Beverages Served For Immediate Consumption

All Other Merchandise

Souvenirs & Novelty Items

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

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

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

Alcoholic Beverages Prepared For Catered Events

Delivery Services For Food & Beverages

Other Services

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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Food Service Contractors 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 Service Contractors 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 Service Contractors 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 5%

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Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations 74%
Supervisors of Food Preparation and Serving Workers 9%
Supervisors of Food Preparation and Serving Workers 9%
First-Line Supervisors of Food Preparation and Serving Workers 6%
Cooks and Food Preparation Workers 23%
Cooks 15%
Cooks, Institution and Cafeteria 9%
Food Preparation Workers 7%
Food Preparation Workers 7%
Food and Beverage Serving Workers 34%
Fast Food and Counter Workers 20%
Fast Food and Counter Workers 20%
Waiters and Waitresses 8%
Waiters and Waitresses 8%
Other Food Preparation and Serving Related Workers 8%
Source: Bureau of Labor Statistics

Food Service Contractors Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Food Service Contractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Food Service Contractors industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Food Service Contractors industry.

Innovation News

Recent Federal Contracts for Food Service Contractors

  • Apr 02, 2024: NORTH BAY REHABILITATION SERVICES, INC. (Rohnert Park, CA) awarded $826,566
  • Apr 01, 2024: RC TECH, INC (Cocoa, FL) awarded $1,553,341
  • Mar 29, 2024: SOUTHERN FOODSERVICE MANAGEMENT INC (Mountain Brk, AL) awarded $564,000
  • Mar 29, 2024: ALABAMA DEPT OF REHABILITATION SERVICES (Montgomery, AL) awarded $17,043,214
  • Mar 29, 2024: WEST VIRGINIA DIVISION OF REHABILITATION SERVICES (Charleston, WV) awarded $459,000
  • Mar 28, 2024: EDUCATION, MARYLAND DEPARTMENT OF (Baltimore, MD) awarded $3,598,877

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