In 2023, there were approximately 195,000 self-employed individuals in the US food and beverage services sector. By 2028, this figure is forecasted to decline to 187,000, indicating an overall downward trend. Year-on-year, the industry is expected to experience minor decreases, such as 1.04% from 2024 to 2025, and 0.53% from 2026 to 2027. The Compound Annual Growth Rate (CAGR) over the forecasted period is approximately -0.83%, demonstrating a slow decline in self-employment within this sector.
Future trends to watch for include technological advancements that may streamline operations, potentially reducing the need for self-employed roles, and changing consumer preferences that might influence market demand, slightly altering these projections.
