	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Restaurants and Other Eating Places

Published: December 2024

Market Size & Industry Statistics

The total U.S. industry market size for Restaurants and Other Eating Places: 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

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

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

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 (%)

Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Restaurants and Other Eating Places industry include:

Increased demand for healthy, organic, and locally sourced food options
Growth in plant-based menu items and alternative proteins
Expansion of food delivery services and online ordering platforms
Emphasis on sustainability and eco-friendly practices
Rise of meal kits and ready-to-eat home meal solutions
Impact of social media on dining choices and restaurant marketing
Adoption of digital technologies for menu customization and automation
Increasing importance of allergen-aware and dietary-specific menus
Shift towards experiential dining and unique food experiences
Challenges associated with labor shortages and rising wage costs
Fluctuations in commodity prices affecting menu pricing strategies
Heightened consumer expectations for safety and cleanliness, post-pandemic
Growth in fast-casual dining over traditional full-service restaurants
Rise of ghost kitchens and virtual restaurants
Adaptation to new local and international food safety regulations

Product & Services Breakdown

Research products and services in the Restaurants and Other Eating Places 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
Gambling Services
Gambling Machine Products
Sale Of Tickets To Lotteries & Other Games Of Chance
Room Or Unit Accommodation For Travelers & Others
Groceries & Other Food Items For Human Consumption Off The Premises
Alcoholic Beverages Served For Immediate Consumption
Distilled Spirits Served For Immediate Consumption
Wine & Wine Drinks Served For Immediate Consumption
Beer, Ale, & Malt Beverages Served For Immediate Consumption
Packaged Liquor, Wine, & Beer
All Other Merchandise
Souvenirs & Novelty Items
Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared
Meals & Snacks Served By A Server (I.E., Full Service)
Nonalcoholic Beverages Served By A Server (I.E., Full Service)
Meals & Snacks Dispensed W/O Table Service For Consumption On Premises
Nonalcoholic Beverages Dispensed W/O Table Service For Consumption On The Premises
Meals & Snacks Dispensed Via Drive-Through Service
Nonalcoholic Beverages Dispensed Via Drive-Through Service
Meals & Snacks Prepared For Immediate Consumption Off The Premises
Nonalcoholic Beverages Prepared For Immediate Consumption Off The Premises
Meals, Snacks, & Beverages Prepared For Catered Events
Meals, Snacks & Nonalcoholic Beverages Served At Catered Events On The Caterer's Premises
Meals, Snacks & Nonalcoholic Beverages Served At Catered Events Away From The Caterer's Premises
Meals, Snacks & Nonalcoholic Beverages Dropped Off At The Customer's Event
Meals, Snacks & Nonalcoholic Beverages Prepared For Customer Pick-Up
Alcoholic Beverages Prepared For Catered Events
Admissions To Live Performing Arts Performances
Hosting Of Vending Machines, Video Games, & Other Non-Gambling Coin-Operated Machines
Delivery Services For Food & Beverages
Rental Of Non-Residential Space
Other Services
All Other Merchandise, Excluding Lottery Ticket Sales/Commissions

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.

U.S. map by state

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)
Total Revenue	Order at top of page
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

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Restaurants and Other Eating Places 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 Restaurants and Other Eating Places industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
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).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Restaurants and Other Eating Places measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

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.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

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.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.

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
Management Occupations	3%	Order at top of page
Chief Executives	0%
General and Operations Managers	1%
Food Preparation and Serving Related Occupations	88%
Supervisors of Food Preparation and Serving Workers	10%
Supervisors of Food Preparation and Serving Workers	10%
First-Line Supervisors of Food Preparation and Serving Workers	9%
Cooks and Food Preparation Workers	23%
Cooks	18%
Cooks, Fast Food	7%
Cooks, Restaurant	11%
Food and Beverage Serving Workers	46%
Bartenders	5%
Bartenders	5%
Fast Food and Counter Workers	26%
Fast Food and Counter Workers	26%
Waiters and Waitresses	17%
Waiters and Waitresses	17%
Other Food Preparation and Serving Related Workers	10%
Dining Room and Cafeteria Attendants and Bartender Helpers	5%
Dining Room and Cafeteria Attendants and Bartender Helpers	5%
Dishwashers	6%
Dishwashers	6%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop	7%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop	7%

Source: Bureau of Labor Statistics

Restaurants and Other Eating Places Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Restaurants and Other Eating Places 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 Restaurants and Other Eating Places 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 Restaurants and Other Eating Places industry.