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Food Services & Drinking Places (NAICS 722) Industry Market Research Report

Food Services & Drinking Places - Market Size and Forecast

The Food Services and Drinking Places report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

HistoricalForecasted
20152016201720182019202020212022202320242025
Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Food Services & Drinking Places Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Food Services & Drinking Places - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Food Services & Drinking Places companies in the United States.

Food Services & Drinking Places Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesFood Services & Drinking Places
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Food Services & Drinking Places - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Included

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Food Services & Drinking Places - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Included

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Food Services & Drinking Places - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Included

Meals, snacks and beverages prepared for immediate consumption
Meals & snacks served at a table by a server
Meals & snacks dispensed w/o table service for cons on premises
Meals & snacks dispensed via drive-through service
Alcoholic beverages served for immediate consumption
Meals & snacks for immediate consumption off premises
Meals, snacks & beverages prepared under long-term contract
Meals, snacks & beverages prepared under other long-term contract
Beer, ale & malt beverages served for immediate consumption

Food Services & Drinking Places - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations2%

Included

Chief Executives0%
General and Operations Managers1%
Protective Service Occupations5%
Other Protective Service Workers5%
Security Guards and Gaming Surveillance Officers5%
Security Guards5%
Food Preparation and Serving Related Occupations90%
Supervisors of Food Preparation and Serving Workers7%
Supervisors of Food Preparation and Serving Workers7%
First-Line Supervisors of Food Preparation and Serving Workers6%
Cooks and Food Preparation Workers20%
Cooks16%
Cooks, Institution and Cafeteria8%
Cooks, Restaurant10%
Food Preparation Workers7%
Food Preparation Workers7%
Food and Beverage Serving Workers53%
Bartenders44%
Bartenders44%
Fast Food and Counter Workers29%
Combined Food Preparation and Serving Workers, Including Fast Food26%
Counter Attendants, Cafeteria, Food Concession, and Coffee Shop6%
Waiters and Waitresses19%
Waiters and Waitresses19%
Other Food Preparation and Serving Related Workers10%
Dishwashers6%
Dishwashers6%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop7%
Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop7%
Sales and Related Occupations5%

Government Contracts

In 2008, the federal government spent a total of $1,002,856,188 on the food services & drinking places industry. It has awarded 5,636 contracts to 910 companies, with an average value of $1,102,040 per company.

Food Services & Drinking Places and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

Included





Food Services & Drinking Places Industry Report
GeographyUnited States  
Publication DateSeptember 2020
Report FormatPDF Download  
Price$499.00

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