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Restaurants and Food Services

Industry Outlook

The U.S. restaurant and food service industry has grown from a $590 billion industry in 2010, to an $899 billion industry in 2020. In early 2020, the National Restaurant Association projected that restaurant industry sales would reach $1.2 trillion by 2030. This number may decline, however, as the full impact of the global pandemic on the restaurant and food service industry is yet to be realized. Restaurants and other food-service providers are so widespread that six out of 10 adults have worked in food service in one way or another at some point in their lives. The restaurant and food service industry employs about 10 percent of the workforce in the United States and both industry organizations and the Bureau of Labor Statistics projects that employment will grow.

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