The number of self-employed individuals in the US food products, beverages, and tobacco products manufacturing sector is forecasted to grow steadily from 2024, with a value of 46.0 thousand persons, reaching 49.0 thousand by 2028. Compared to the actual data from 2023, this reflects a moderate increase, indicating a 6.52% total growth over five years. The year-on-year growth is projected at 2.17% between 2024 and 2025, with stagnation in 2026-2027 and a slight rise in 2028. Over five years, the compound annual growth rate (CAGR) is estimated at 1.60%.
Future trends to watch for include technological advancements that could boost productivity for self-employed individuals, potential shifts in consumer demand towards healthier products, and the impact of regulatory changes which may affect small-scale manufacturers in the industry.
