Food Services and Drinking Places - 2020 U.S. Market Research Report with Updated COVID-19 Forecasts
The 2020 Food Services and Drinking Places Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2011-2024.The report includes updated 2020, 2021, and 5-year forecasts due to the impact of COVID-19.
This Kentley Insights report includes historical and forecasted market size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, locations, employees, payroll, and much more.
The Food Services and Drinking Places industry includes companies primarily engaged in preparing meals, snacks and beverages, to customer order, for immediate consumption on and off the premises. This subsector does not include foodservice activities that occur within companies such as hotels, civic and social associations, amusement and recreation parks, and theatres. However, leased foodservice locations in facilities such as hotels, shopping malls, airports and department stores are included. The industry groups within this subsector reﬂect the level and type of service provided.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
In 2019, industry sales were $772.6 billion
Purchase now for historical and forecasted market size
Over the past 3 years, the industry has grown at an annual rate of 0%
The report has historical, annual and forecasted growth rates
There are 498,870 companies in the industry
Learn more about the historical and forecasted industry composition
SALES PER COMPANY
In 2019, the average sales per company was $1.5 million
Purchase now for historical and forecasted sales per company
INFLATION & PRICING
2020 forecasted inflation is -2.4%
The report has historicals, 4 years of monthly figures, and the 5-year forecast
For unprofitable companies, the average net loss is -5.8%
The report has more on market and profitability dynamics
Employee productivity is $61,753
Learn more about historical and forecasted employee productivity
1.5% of expenses is spent on health insurance
Benchmark against 24 other expense categories
In 2019, industry operating expenses grew 3.3%
Purchase now for historical and forecasted OPEX
In 2019, payroll per employee was $16,679
Get the full picture with historicals and the 2020 and 5-year forecasts
PAYROLL BY STATE
California averages $19,979 in payroll per employee
Purchase now for payroll stats on other states
JOB CATEGORIZATION BENCHMARKS
2.2% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $17.01
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above stats represent a small fraction of what you will find in this report.
Purchase the 2020 Food Services and Drinking Places Market Research Report now to unlock the insight from one of the most trusted research firms.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook