Request FREE Information
Quick Facts on the Food and Restaurant Industry
- The food franchise industry comprises almost half of all franchise establishments in America and is one of the largest franchising industries. Food franchises produce roughly 65 percent of all franchise employment jobs.
- In 2017, full-service restaurant franchises were expected to grow 6.8 percent, which resulted in a 3.9 percent growth in employment in the industry.
- Mergers and acquisitions within the food industry are anticipated to keep growing in the coming years. They have increased by 86 percent between 2004 and 2016, according to AaronAllen & Associates.
- According to an economic report conducted by IHS Markit Economics in 2017, the food franchise industry is divided into three primary parts: full-service restaurants, quick-service restaurants, and retail food.