The number of employees in food and beverage service activities in the US is forecasted to grow steadily from 2024 to 2028, starting at 12.95 million in 2024 and reaching 13.6 million by 2028. Compared to 2023's actual figures, this represents a gradual upward trend. The forecasted year-on-year growth rates from 2024 to 2028 are approximately 1.31%, 1.22%, 1.22%, and 1.19%, respectively, indicating a consistent and moderate increase. The compound annual growth rate (CAGR) over these five years is about 1.23%.
Future trends to watch for include:
- The impact of technology on labor efficiency and employment needs.
- Changes in consumer preferences and their effect on service demand.
- Regulatory shifts that may influence employment rates in the sector.
