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| Products/Services Breakdown | |
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| Financial Metrics | |
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| Salary & Compensation Statistics | |
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2025 U.S. Industry Statistics & Market Forecast - Food Services and Drinking Places
Market Size & Industry Statistics
The total U.S. industry market size for Food Services and 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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Food Services and Drinking Places industry include:- Shift towards plant-based and alternative protein options
- Increasing emphasis on sustainability and ethical sourcing
- Growth of food delivery services and online ordering
- Impact of COVID-19 on dining habits and safety expectations
- Rising popularity of experiential dining and unique culinary experiences
- Expansion of fast-casual dining concepts
- Adoption of digital technologies for customer engagement and operations
- Focus on health-conscious menus and transparent ingredient labeling
- Challenges in labor market and staff retention
- Integration of local and artisanal ingredients in menus
- Increased regulatory pressures on nutritional and dietary guidelines
- Growth in craft beverages and artisanal alcohol products
- Financial pressures from increased rent and operational costs
- Emphasis on waste reduction and management practices
Product & Services Breakdown
Research products and services in the Food Services and Drinking Places industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Gambling Services |
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Gambling Machine Products |
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Sale Of Tickets To Lotteries & Other Games Of Chance |
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Room Or Unit Accommodation For Travelers & Others |
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Groceries & Other Food Items For Human Consumption Off The Premises |
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Alcoholic Beverages Served For Immediate Consumption |
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Distilled Spirits Served For Immediate Consumption |
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Wine & Wine Drinks Served For Immediate Consumption |
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Beer, Ale, & Malt Beverages Served For Immediate Consumption |
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Packaged Liquor, Wine, & Beer |
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Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others |
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All Other Merchandise |
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Souvenirs & Novelty Items |
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Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared |
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Meals & Snacks Served By A Server (I.E., Full Service) |
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Nonalcoholic Beverages Served By A Server (I.E., Full Service) |
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Meals & Snacks Dispensed W/O Table Service For Consumption On Premises |
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Nonalcoholic Beverages Dispensed W/O Table Service For Consumption On The Premises |
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Meals & Snacks Dispensed Via Drive-Through Service |
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Nonalcoholic Beverages Dispensed Via Drive-Through Service |
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Meals & Snacks Prepared For Immediate Consumption Off The Premises |
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Nonalcoholic Beverages Prepared For Immediate Consumption Off The Premises |
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Meals & Snacks Dispensed Via Mobile Vending Service |
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Meals, Snacks & Beverages Prepared Under Long-Term Contract |
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Meals, Snacks & Nonalcoholic Beverages Prepared Under Long-Term Contract For Tansportation Businesses |
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Meals, Snacks & Nonalcoholic Beverages Prepared Under Long-Term Contract Other Than For Transportation Businesses |
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Alcoholic Beverages Prepared For Immediate Consumption Under Long-Term Contract |
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Meals, Snacks, & Beverages Prepared For Catered Events |
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Meals, Snacks & Nonalcoholic Beverages Served At Catered Events On The Caterer's Premises |
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Meals, Snacks & Nonalcoholic Beverages Served At Catered Events Away From The Caterer's Premises |
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Meals, Snacks & Nonalcoholic Beverages Dropped Off At The Customer's Event |
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Meals, Snacks & Nonalcoholic Beverages Prepared For Customer Pick-Up |
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Alcoholic Beverages Prepared For Catered Events |
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Admissions To Live Performing Arts Performances |
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Admissions To Dance Halls & Clubs, Including Cover Charges |
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Hosting Of Vending Machines, Video Games, & Other Non-Gambling Coin-Operated Machines |
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Employment Services, Including Temporary Cooks, Bartenders, & Waitstaff |
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Delivery Services For Food & Beverages |
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Rental Of Non-Residential Space |
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Other Services |
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All Other Merchandise, Excluding Lottery Ticket Sales/Commissions |
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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.
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 Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| 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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Food Services and Drinking Places company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 and Drinking Places industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Food Services and Drinking Places measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 3% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Food Preparation and Serving Related Occupations | 88% | |||
| 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 | 9% | |||
| Cooks and Food Preparation Workers | 23% | |||
| Cooks | 18% | |||
| Cooks, Fast Food | 6% | |||
| Cooks, Institution and Cafeteria | 9% | |||
| Cooks, Restaurant | 10% | |||
| Food Preparation Workers | 7% | |||
| Food Preparation Workers | 7% | |||
| Food and Beverage Serving Workers | 46% | |||
| Bartenders | 43% | |||
| Bartenders | 43% | |||
| Fast Food and Counter Workers | 25% | |||
| Fast Food and Counter Workers | 25% | |||
| Waiters and Waitresses | 16% | |||
| Waiters and Waitresses | 16% | |||
| Other Food Preparation and Serving Related Workers | 10% | |||
| Dining Room and Cafeteria Attendants and Bartender Helpers | 5% | |||
| Dining Room and Cafeteria Attendants and Bartender Helpers | 5% | |||
| Dishwashers | 6% | |||
| Dishwashers | 6% | |||
| Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop | 7% | |||
| Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop | 7% | |||
Food Services and Drinking Places Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Food Services and Drinking Places 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 Services and Drinking Places 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 |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Food Services and Drinking Places industry. |
Latest Industry News
- The Dish: 11 new restaurants to check out this month - Seven Seas opens in Vista: Seven Seas Bar and Grill opened in June in downtown Vista. Owned by Luis Lopez, the full-service restaurant serves fresh fish plates, chowder and cioppino, sandwiches, salads, local and Baja beers, a fresh fish market and grab-and-go takeout service. 324 Main St., Vista. sevenseasbarandgrill.com (07/08/2025)
- Study finds 9% of young US employees use alcohol, drugs at work - Almost 1 in 10 workers in their 30s uses alcohol, marijuana or hard drugs like cocaine while on the job in the United States, a new study has found. (07/08/2025)
- 24 highly anticipated restaurants opening in and around Vancouver - From the largest cafe in the city to Vancouver's first true Peruvian cevicheria, these are some highly anticipated restaurants opening soon. (07/08/2025)
- Schiff’s Food Service continues expansion - Taylor-based Schiff’s Food Service Inc. added to its portfolio through the acquisition of the real estate, business, and all associated branding of Easton-based R&R Provision Co., a fellow (07/07/2025)
- The Bristol food and drink spots we lost in June - A popular Bristol Harvester closed its doors for good in June. The Harvester restaurant at the Willow Brook Centre in Bradley Stoke announced that it had closed for the very last time on Sunday, June 1. (07/06/2025)
- Yorkshire Dales Food and Drink Festival: More withdrawals revealed after James Martin decision - Further acts have pulled out of the Yorkshire Dales Food and Drink Festival in addition to chef James Martin, it has emerged. (07/03/2025)
- ‘Our kids cry for food’: Most Gaza families survive on one meal a day - Most families in the Gaza Strip are surviving on one meal a day and one-third go entire days without eating as a result of Israel’s continued bombardment of the enclave, according to the UN World Food Programme (WFP) and partners. (06/27/2025)
- Here’s Why Ice Cubes in Restaurants Have Holes - Because even ice has a backstory—and this one will send a chill down your spine (literally). Here's what you need to know. (06/26/2025)
- The best rated Glasgow restaurants that fly under the radar to impress your foodie friends with - Glasgow has loads of restaurants that are well-known and rightly lauded, but should you be looking for something a little more left field, there are some top-rated options flying under the radar. (06/25/2025)
- SC has one of best small cities for food and drink in US, Food & Wine magazine says. Here’s why - Bobby’s BBQ, which is in Fountain Inn, was named by Food Network as the “best and most iconic small-town restaurants” in South Carolina. Topsoil Kitchen & Market in Travelers Rest, about 10 miles north of Greenville, is located in the former Williams Hardware and has a 16-acre farm owned by restaurant owner Wendy Lynam. (06/24/2025)
