In 2023, the total hours worked by employees in the US Food Services and Beverage Services sector stood at 16.48 billion hours. The forecast growth from 2024 to 2028 shows a steady increase, with 2024 predicted to hit 16.65 billion hours, rising to 17.26 billion hours by 2028. The year-on-year variation reveals a consistent upward trend: from 2024 to 2025, a 0.96% increase; from 2025 to 2026, a 0.89% rise; from 2026 to 2027, a 0.88% jump; and from 2027 to 2028, a 0.88% growth. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.93%.
Future trends to watch for include the impact of automation and AI in the sector, potential changes in consumer behavior post-pandemic, and evolving labor market conditions that could influence total working hours. These factors could alter the forecast and should be monitored closely.