The foodservice industry is one of the largest in the world, encompassing everything from fast food chains to five-star restaurants.
With so many players in the field, it can be difficult to keep up with the latest trends and statistics. Whether you’re a restaurant owner, investor, or simply curious about the industry, this post is for you.
Here are facts and figures that shed light on the state of foodservice management today.
Key Foodservice Management Statistics 2023 – MY Choice
- The global foodservice market was valued at $3.4 trillion in 2020 and is expected to reach $4.2 trillion by 2027.
- In the United States, the foodservice industry employs over 15 million people.
- The average American spends around $3,000 per year on eating out.
- The fast food industry in the US alone is estimated to be worth over $200 billion.
- The restaurant industry contributes over $900 billion to the US economy annually.
- The most popular type of cuisine in the US is Italian, followed by Mexican and Chinese.
- In 2020, the COVID-19 pandemic caused a decline in the foodservice industry, with estimated losses of over $240 billion in the US alone.
- The foodservice industry is expected to recover and grow by 11.1% in 2021.
- The top foodservice management companies in the world include Compass Group, Sodexo, and Aramark.
Foodservice Management Stats
The Global Foodservice Market
- The global foodservice market was valued at $3.4 trillion in 2020, up from $3.2 trillion in 2019.
- The market is expected to reach $4.2 trillion by 2027, growing at a CAGR of 3.7%.
- The Asia-Pacific region is the largest market for foodservice, accounting for over 40% of global revenue.
| Data | Value |
| Employment Growth (2020-2030) | 15% |
| Gender Distribution (Women) | 54.2% |
| Gender Distribution (Men) | 45.8% |
| Ethnicity Distribution (White) | 62.2% |
| Ethnicity Distribution (Hispanic or Latino) | 16.1% |
| Ethnicity Distribution (Black or African American) | 10.9% |
| Gender Wage Gap (2021) | Women earned 94% of what men earned |
| Top 10% Wage | $79,000 or more |
| LGBT Population | 10% |
| Average Age | 40+ years old |
| Education Level (Bachelor’s) | 42% |
| Education Level (Associate Degree) | 28% |
| Education Level (High School Diploma) | 17% |
| Education Level (Diploma) | 5% |
| Education Level (Other Degrees) | 8% |
| Company Size (<50 employees) | N/A |
| Company Size (50-100 employees) | N/A |
| Company Size (100-500 employees) | N/A |
| Company Size (500-1,000 employees) | N/A |
| Company Size (1,000-10,000 employees) | N/A |
| Company Size (>10,000 employees) | N/A |
| Average Job Tenure | 1-2 years (32%) |
| Foreign Language (Spanish) | 68.9% |
| Foreign Language (French) | 5.4% |
| Foreign Language (Italian) | 3.0% |
| Foreign Language (Korean) | 3.0% |
| Foreign Language (Chinese) | 1.8% |
| Median Wage | 50th percentile |
| Industry Employment | < 0.005% |
| Market Size | $45bn |
| Number of Businesses | 71,499 |
| Profit Margin | N/A |
| Market Share (Compass Group PLC) | x.x% |
| Quit Rates Increase | 4.8% to 6.9% |
| Industry Hiring Rates | 8.1% |
| Job Openings Rate | 8.4% |
| Average Turnover Rate (Faculty Staff) | 60% (Fine Dining), 70% (Casual Dining), 22% (Foodservice Management) |
| Projected Employment Growth (2020-2030) | 9% |
| Restaurant Sales (2017) | $799 billion |
| Work Hours | Up to 15 hours per day, seven days per week |
| Expenditure on Food | 12% of household budgets |
| Agriculture, Food, and Related Industries GDP Contribution (2020) | $1.055 trillion |
| Farms’ Contribution to GDP (2020) | $134.7 billion |
| Employment in Agricultural and Food Sectors (2020) | 19.7 million (10.3% of total U.S. employment) |
| Employment in Direct On-Farm Occupation (2020) | 2.6 million (1.4% of U.S. employment) |
| Food Industry Rank in Terms of Expenditure | 3rd (behind housing and transportation) |
| Food and Beverage Manufacturing Employment (2019) | 1.7 million (1.1% of all U.S. nonfarm employment) |
| USDA Outlays on Food and Nutrition Assistance (2015) | >73% |
| Statistical Method Use in Articles | 35% |
| Contribution to Non-Financial Business Economy Employment | 8.5% |
| Contribution to Non-Financial Business Economy Value Added | 3.9% |
| Number of Enterprises (EU) | almost 1.9 million |
| Enterprises in Food and Beverages Subsector (EU/2018) | 81.4% |
| Enterprises in Accommodation Subsector (EU/2018) | 18.6% |
| Value Added in Germany (2018) | 21.2% of EU total |
| Value Added in France (2018) | 17.9% |
| Value Added in Italy (2018) | 14.4% |
| Value Added in Spain (2018) | 14.4% |
| Employment in Top Five Member States (EU) | 69.2% |
| Enterprises in EU’s Food and Beverages Subsector (2018) | 36.5% |
| Food Service Managers Employed (2010) | 320,600 |
| Restaurant Managers Earning <$46,000 (Percentage) | 75% |
| Restaurant Managers Earning >$53,000 (Percentage) | 10% |
The US Foodservice Industry
- The foodservice industry employs over 15 million people in the United States.
- The average American spends around $3,000 per year on eating out.
- The fast food industry in the US alone is estimated to be worth over $200 billion.
- The restaurant industry contributes over $900 billion to the US economy annually.
- The number of independent restaurants in the US decreased by 10% between 2015 and 2020.
Cuisine Preferences
- The most popular type of cuisine in the US is Italian, followed by Mexican and Chinese.
- 73% of Americans say they eat ethnic food at least once a month.
- The popularity of plant-based diets is growing, with 9.7 million Americans now identifying as vegan.
Impact of COVID-19
- In 2020, the COVID-19 pandemic caused a decline in the foodservice industry, with estimated losses of over $240 billion in the US alone.
- The foodservice industry is expected to recover and grow by 11.1% in 2021.
- Online ordering and delivery services became more common during the pandemic, with many restaurants adopting these services to stay afloat.
Foodservice Management Companies
- The top foodservice management companies in the world include Compass Group, Sodexo, and Aramark.
- Compass Group is the largest foodservice management company in the world, with revenues of $31.4 billion in 2020.
- Sodexo operates in 80 countries and has over 420,000 employees.
Foodservice Operations
- The average restaurant has a profit margin of 3-5%.
- 60% of restaurants fail within their first year of operation.
- Food halls and ghost kitchens are becoming increasingly popular as dining options.
Trends in Foodservice Management
- The use of technology in foodservice management is growing, with online ordering and delivery services becoming more common.
- Food waste is a major issue in the foodservice industry, with up to 40% of food produced in the US going to waste.
- Sustainability is becoming increasingly important to consumers, with 72% saying they prefer to eat at restaurants that source their ingredients locally.
Nutrition and Health
- 70% of Americans say that they are trying to eat healthier.
- Restaurants are adding more healthy options to their menus in response to consumer demand.
- The use of artificial intelligence and machine learning is becoming more common in foodservice management, allowing for more personalized menus and recommendations.
These are just a few of the many statistics that provide insight into the world of foodservice management. By understanding these trends and insights, you can gain a better understanding of the challenges and opportunities facing the industry today. Whether you’re a restaurant owner, investor, or simply a fan of good food, these statistics are sure to inform and inspire.
