In 2023, employment in the US food services sector stood at approximately 1.9638 million. Over the last two years, the sector saw significant growth, with year-on-year variations of 22.07% in 2022 and 13.34% in 2023. A five-year CAGR of 2.03% from 2019 to 2023 indicates a steady recovery and growth after a significant drop in 2020. The forecast predicts continued growth, with employment in 2028 projected to reach 2.1847 million, supported by a forecasted five-year CAGR of 1.69%.
Future trends to watch for include the impact of technology and automation on employment, shifts in consumer dining preferences towards convenience and sustainability, and potential regulatory changes affecting labor practices in the food services industry.
Latest reports
US Restaurant Market Report- Q1 2025
In Q1 2025, the US restaurant market is experiencing transformative shifts driven by technology, consumer preferences, and economic pressures. The fast food and...
China Restaurant Market Report- Q1 2025
The restaurant landscape in China during Q1 2025 is marked by dynamic growth and transformation driven by consumer preferences, technological advancements, and strategic...
Japan Restaurant Market Report- Q1 2025
In the first quarter of 2025, the restaurant market in Japan exhibited dynamic growth patterns and strategic shifts across various segments. The fast-casual...
Germany Restaurant Market Report- Q1 2025
The restaurant market in Germany during Q1 2025 reveals a dynamic landscape shaped by economic pressures and evolving consumer preferences. As the industry...
India Restaurant Market Report- Q1 2025
In the first quarter of 2025, the Indian restaurant market continued to evolve dynamically, driven by key trends in Quick Service Restaurants (QSRs),...
UK Restaurant Market Report- Q1 2025
The UK restaurant market is undergoing significant shifts in Q1 2025, influenced by evolving consumer preferences, economic conditions, and technological advancements. Key segments...
France Restaurant Market Report- Q1 2025
The first quarter of 2025 presents a dynamic landscape for the restaurant market in France, influenced by shifting consumer preferences, technological advancements, and...
Canada Restaurant Market Report- Q1 2025
The Canadian restaurant industry in Q1 2025 is experiencing substantial shifts driven by economic, regulatory, and consumer preference changes. This report delves into...
Brazil Restaurant Market Report- Q1 2025
The Brazilian restaurant market in the first quarter of 2025 is navigating a challenging landscape characterized by economic volatility and shifting consumer preferences....
Italy Restaurant Market Report- Q1 2025
The Italy restaurant market has exhibited dynamic changes in Q1 2025, driven by advancements in technology, consumer preferences, and external economic factors. This...
