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16 Jun 2025
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According to Fortune Business Insights, the food service industry in the United States is projected to grow at a compound annual growth rate of 10 percent from USD 905.13 billion in 2023 to USD 1,767.54 billion by 2030.
Food service is defined as establishments that serve food to people outside their homes in any form of delivery or takeaway, restaurants, food bars, institutional canteens, catering and vending machines, hotels, etc.
Zoom out and the larger ecosystem includes the food and beverage manufacturers who provide the food to the operators who prepare the serve the food as well as to retailers selling their products off the shelves in stores.
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