The production volumes of Food and Beverage Service Activities in the US have consistently increased from 2013 to 2023, standing at $817.62 billion in 2023. Over the last two years, the year-on-year variation has been moderate at around 1.54%. The Compound Annual Growth Rate (CAGR) for the last five years is 1.75%, indicating steady growth despite minor fluctuations. Future forecasts show continued growth, reaching $875.93 billion by 2028 with a forecasted 5-year CAGR of 1.09%, suggesting a deceleration compared to previous years.

Future trends to watch for:

Impact of economic policies and consumer spending on production volumes.
Technological advancements in food and beverage services enhancing operational efficiency.
Shifts towards sustainable and health-conscious food options influencing market demand.
Potential disruptions from global supply chain issues and changes in labor market dynamics.