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2024 U.S. Industry Statistics & Market Forecast - Community Food Services
Market Size & Industry Statistics
The total U.S. industry market size for Community Food Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Community Food Services industry include:- Increased demand for healthy, organic foods
- Rise in food security awareness and initiatives
- Growing use of technology for food distribution
- Expansion of meal delivery programs
- Enhanced focus on sustainability in food sourcing
- Impact of climate change on food supply chains
- Increased community and government partnerships
- Shift towards plant-based and alternative protein options
- Greater emphasis on dietary needs and personalization
- Expansion in funding and donations for food services
- Rising volunteer involvement in community kitchens and food banks
Product & Services Breakdown
Research products and services in the Community Food Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Food, Clothing, And Related Assistance Services (Include Social Assistance Related To Donated Household Goods And Food Such As S |
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Prepared On-Site Meals, Such As Soup Kitchens |
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Food Pantry Services (Include Social Assistance Related To Donated Food And Household Goods.) |
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Collection And Distribution Services Of Donated Food And Other Supplies, Such As Food Banks |
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Social Assistance Services For Elderly And Disabled Adults |
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Prepared On-Site Meals For Elderly And Disabled Adults (I.E., At Senior Centers) |
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Non-Medical Home Aide Services For Elderly And Disabled Adults - Homemaker Services (Include Prepared Meals And Delivered Meals. |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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All Other Revenue |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Community Food Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Community Food Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Community Food Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 13% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Other Management Occupations | 7% | |||
| Social and Community Service Managers | 5% | |||
| Social and Community Service Managers | 5% | |||
| Business and Financial Operations Occupations | 8% | |||
| Business Operations Specialists | 7% | |||
| Community and Social Service Occupations | 30% | |||
| Counselors, Social Workers, and Other Community and Social Service Specialists | 30% | |||
| Social Workers | 8% | |||
| Miscellaneous Community and Social Service Specialists | 19% | |||
| Social and Human Service Assistants | 15% | |||
| Personal Care and Service Occupations | 7% | |||
| Other Personal Care and Service Workers | 7% | |||
| Residential Advisors | 5% | |||
| Residential Advisors | 5% | |||
| Office and Administrative Support Occupations | 12% | |||
| Transportation and Material Moving Occupations | 7% | |||
Community Food Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Community Food Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Community Food Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Community Food Services industry. |
Source:
Innovation News
- Jan 18, 2024: F.o.o.d. Share trademarks "FOOD SHARE VENTURA COUNTY" - Charitable services in the nature of coordination of the procurement and distribution of food donations from the general public to needy persons; Charitable services
- Dec 21, 2023: Food Forward trademarks "FRUITANTHROPIST" - Providing recognition and incentives by the way of awards and contests to demonstrate excellence in the field of charitable services
- Sep 15, 2023: Food Forward trademarks "FOOD FORWARD" - Charitable services
- Aug 28, 2014: Food Donation Connection patents Tracking System For Food Donation Programs
- Aug 28, 2014: Food Donation Connection patents Tracking System For Food Donation Programs
Recent Federal Contracts for Community Food Services
- Mar 01, 2024: LOYALTY SUPPORT SERVICES (Al Jeeza, ) awarded $435,000
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