Key Takeaways
- In 2023, U.S. restaurant industry sales totaled $1.1 trillion, representing a 7.5% increase from 2022 and accounting for 4% of the nation's gross domestic product.
- The global restaurant market size was valued at $3.36 trillion in 2023 and is projected to reach $5.12 trillion by 2030, growing at a CAGR of 6.2%.
- Full-service restaurants in the U.S. generated $366.8 billion in revenue in 2023, while limited-service restaurants contributed $389.2 billion.
- 57% of U.S. adults report dining out at least once a week in 2023 surveys.
- Average check size at full-service U.S. restaurants rose to $24.50 in 2023, up 5% from 2022.
- 68% of consumers prefer off-premise options like takeout or delivery post-pandemic in 2023.
- U.S. restaurant industry employs 15.9 million people as of 2023, representing 10% of private sector workforce.
- Average hourly wage for restaurant workers rose to $18.50 in 2023, up 6.2% YoY.
- 60% of restaurant employees are under 35 years old in U.S. 2023 data.
- Food costs average 28% of sales, labor 32% in U.S. restaurants 2023.
- Prime costs (food + labor) target under 65% of sales for profitability.
- Average table turnover time 45 minutes in casual dining 2023.
- 65% of U.S. restaurants adopted contactless payments by 2023.
- Ghost kitchens grew 59% to 40,000 locations globally in 2023.
- 82% of consumers expect mobile ordering options in 2023 surveys.
The restaurant industry is thriving globally with strong sales growth and evolving consumer trends.
Consumer Spending and Habits
Consumer Spending and Habits Interpretation
Employment and Labor
Employment and Labor Interpretation
Market Size and Revenue
Market Size and Revenue Interpretation
Operations and Costs
Operations and Costs Interpretation
Trends and Technology
Trends and Technology Interpretation
Sources & References
- Reference 1RESTAURANTrestaurant.orgVisit source
- Reference 2GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 3STATISTAstatista.comVisit source
- Reference 4FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 5TECHNOMICtechnomic.comVisit source
- Reference 6MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 7NRFnrf.comVisit source
- Reference 8QSRMAGAZINEqsrmagazine.comVisit source
- Reference 9IBISWORLDibisworld.comVisit source
- Reference 10MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 11DATASSENTIALdatassential.comVisit source
- Reference 12NPDnpd.comVisit source
- Reference 13RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 14SECONDMEASUREsecondmeasure.comVisit source
- Reference 15PLANTBASEDFOODSplantbasedfoods.orgVisit source
- Reference 16PMQpmq.comVisit source
- Reference 17RESTAURANTSCANADArestaurantscanada.orgVisit source
- Reference 18BHAbha.org.ukVisit source
- Reference 19NRAInrai.orgVisit source
- Reference 20ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 21NRAEFnraef.orgVisit source
- Reference 22DELOITTEdeloitte.comVisit source
- Reference 23RESTAURANTDIVErestaurantdive.comVisit source
- Reference 24NIELSENnielsen.comVisit source
- Reference 25PWCpwc.comVisit source
- Reference 26KIDSFOOTLOCKERkidsfootlocker.comVisit source
- Reference 27HOOTSUITEhootsuite.comVisit source
- Reference 28PARKSTREETparkstreet.comVisit source
- Reference 29EMARKETERemarketer.comVisit source
- Reference 30OPENTABLEopentable.comVisit source
- Reference 31MENTALFORSALESTUDIOmentalforsalestudio.comVisit source
- Reference 32BLSbls.govVisit source
- Reference 33GRUBHUBgrubhub.comVisit source
- Reference 34YUMyum.comVisit source
- Reference 35TOUCHBISTROtouchbistro.comVisit source
- Reference 36GOODFOODINSTITUTEgoodfoodinstitute.orgVisit source
- Reference 37YELPyelp.comVisit source
- Reference 38SALARYsalary.comVisit source
- Reference 39EEOCeeoc.govVisit source
- Reference 40RESTAURANTBUSINESSONLINErestaurantbusinessonline.comVisit source
- Reference 417SHIFTS7shifts.comVisit source
- Reference 42CBREcbre.comVisit source
- Reference 43LIGHTSPEEDHQlightspeedhq.comVisit source
- Reference 44CARDFELLOWcardfellow.comVisit source
- Reference 45FOODSERVICEDIRECTORfoodservicedirector.comVisit source
- Reference 46RELISHWORKSrelishworks.comVisit source
- Reference 47WORDSTREAMwordstream.comVisit source
- Reference 48RESTAURANTOWNERrestaurantowner.comVisit source
- Reference 49THEHARTFORDthehartford.comVisit source
- Reference 50ENERGYenergy.govVisit source
- Reference 51SYSCOsysco.comVisit source
- Reference 52OPSOLUTIONSLLCopsolutionsllc.comVisit source
- Reference 53LOYALTY360loyalty360.orgVisit source
- Reference 54CRAVERAPPcraverapp.comVisit source
- Reference 55FACILITIESNETfacilitiesnet.comVisit source
- Reference 56CORNELLcornell.eduVisit source
- Reference 57MCKINSEYmckinsey.comVisit source
- Reference 58FORBESforbes.comVisit source
- Reference 59GREENRESTAURANTgreenrestaurant.orgVisit source
- Reference 60PYMNTSpymnts.comVisit source
- Reference 61ROBOTICSBUSINESSREVIEWroboticsbusinessreview.comVisit source
- Reference 62CHEFSPENCILchefspencil.comVisit source
- Reference 63EVENTBRITEeventbrite.comVisit source
- Reference 64IBMibm.comVisit source
- Reference 65ZAPPARzappar.comVisit source
- Reference 66ORACLEoracle.comVisit source
- Reference 67DRONELIFEdronelife.comVisit source
- Reference 68ZENDESKzendesk.comVisit source
- Reference 69BITPAYbitpay.comVisit source
- Reference 70DININGEXPERIENCEdiningexperience.comVisit source
- Reference 71CISCOcisco.comVisit source
- Reference 72SOCIALMEDIAEXAMINERsocialmediaexaminer.comVisit source
- Reference 73PAYTRONIXpaytronix.comVisit source






