In 2023, the number of employees in the Food and Beverages sector in the US stood at 1.97 million. For 2024, the forecasted number of employees is 1.99 million. This represents a year-on-year increase of approximately 1.0%. The projections for 2025 show a further increase to 2.01 million, indicating a 1.0% growth from the previous year. By 2026, the number is expected to reach 2.03 million, continuing the trend with a 1.0% increase. In 2027, the number of employees will rise to 2.04 million, showing a smaller year-on-year rise of 0.5%. Finally, the forecast for 2028 predicts a rise to 2.06 million, translating to a 1.0% annual increase on average. Over the five-year period from 2024 to 2028, the average annual growth rate (CAGR) is projected at approximately 1.0%.
Future trends to watch for include the impact of automation and technological advancements within the industry, as well as shifts in consumer preferences toward healthier and sustainable food and beverages, which could influence employment trends. Additionally, regulatory changes and economic factors will play crucial roles in shaping the labor market dynamics in this sector.