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Market Forecast (5-year projection) | ![]() |
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Products/Services Breakdown | ![]() |
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Revenue per State | ![]() |
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2023 U.S. Industry Statistics & Market Forecast - Limited-Service Eating Places
Market Size & Industry Statistics
The total U.S. industry market size for Limited-Service Eating 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 | 2017 2018 2019 2020 2021 2022 | |
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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 / six-year demand forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The limited-service eating places industry has witnessed a significant transformation in recent years due to several market trends. One of the most prominent trends is the shift towards healthier food options and transparency in ingredient sourcing. Consumers are increasingly seeking out menu offerings that are organic, locally-sourced, and sustainable.The rise of technology and digital ordering platforms is also impacting the industry, with consumers increasingly opting for the convenience of ordering food online, using mobile apps, and utilizing kiosks for self-service ordering. Food delivery services have become a significant part of the business, with customers choosing to enjoy restaurant-quality food from the comfort of their own homes.
Another trend impacting the industry includes the rise of customizable menu options. Customers demand the ability to tailor their orders to their specific preferences and dietary requirements. This trend has led to the proliferation of build-your-own-bowl concepts and fast-casual restaurants that offer a range of mix-and-match cuisine options.
Finally, there is a strong focus on innovation in the limited-service eating places industry. Restaurants experiment with new menu items, flavors, and cooking techniques to appeal to customers. The industry is also exploring sustainable packaging and reduced carbon footprint to align with consumer values.
Overall, the limited-service eating places industry is evolving to be more customer-centric, tech-savvy, and socially conscious.
Product & Services Breakdown
Research products and services in the Limited-Service Eating 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 |
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Industry Total |
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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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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, & 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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Other Services |
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Hosting Of Vending Machines, Video Games, & Other Non-Gambling Coin-Operated Machines |
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Delivery Services For Food & Beverages |
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) | |
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Total Revenue | Order at top of page |
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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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Limited-Service Eating 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 |
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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 Limited-Service Eating 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 Limited-Service Eating Places measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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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. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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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. |
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 |
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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 | 91% | |||
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 | 26% | |||
Cooks | 21% | |||
Cooks, Restaurant | 20% | |||
Food and Beverage Serving Workers | 40% | |||
Bartenders | 5% | |||
Bartenders | 5% | |||
Waiters and Waitresses | 33% | |||
Waiters and Waitresses | 33% | |||
Other Food Preparation and Serving Related Workers | 19% | |||
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% |
Limited-Service Eating Places Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Limited-Service Eating 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 Limited-Service Eating 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 Limited-Service Eating Places industry. |
Government Contracts
In 2022, the federal government spent a total of $61,114 on Limited-Service Eating Places. It has awarded 12 contracts to 10 companies, with an average value of $6,111 per company.Most Recent Contracts | Date | Total Award Amount |
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