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The food system, including food service and food retailing supplied $1.24 trillion worth of food in 2010 in the US, $594 billion of which was supplied by food service facilities, defined by the USDA as any place which prepares food for immediate consumption on site, including locations that are not primarily engaged in dispensing meals such as recreational facilities and retail stores. [2]
Full-service and fast food restaurants will continue to benefit from this trend, as single and two person households find it more economical to eat meals out rather than prepare them at home. [4] A research study by Ipsos-Insight also found that 32% of Americans currently eat at restaurants at least a few days a week and 61% do so at least once ...
Nation's Restaurant News (NRN) is an American trade publication, founded in 1967. [1] NRN covers the foodservice industry, including restaurants, restaurant chains, operations, marketing, and events.
People in the hospitality industry want to stay in Asheville and want the food and service industry back and better than before, even if the route to get there is a little hazy now. Considering ...
UBS: Online food delivery market will grow from $35 billion globally today to $365 billion by 2030. The growth will be fueled by the rise of online grocery shopping, meal prep kits, and online ...
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
How that likely shaped up through December should become a lot clearer on Friday when the Bureau of Labor Statistics releases the final jobs report for 2024 at 8:30 a.m. ET.
The UK Food Standards Agency describes it as "the whole food industry – from farming and food production, packaging and distribution, to retail and catering". [2] The Economic Research Service of the USDA uses the term food system to describe the same thing, stating: "The U.S. food system is a complex network of farmers and the industries ...