State of the Foodservice Industry

The foodservice industry in the United States is in the midst of its rebound at the end of Q1 2023. As it works through a vastly different landscape than prior the pandemic, the unusual economic conditions are making consumers more apprehensive to spend and operators more pessimistic about their future.

IFPA's Promise To Our Community

To provide industry support and information for issues we all deeply care about.



Consumer response
to high menu prices:

  • 53% cook at home more often
  • 41% visit restaurant less frequently
  • 38% seek more deals
  • 32% trade down to less expensive restaurant



5 Factors Facing Foodservice


Unusual Economy

  • Job growth & labor participation grew
  • Inflation is slowing
  • Consumer spending continues



Recovery Mode

  • Indexing higher than 2019 sales
  • Same stores sales normalizing



Weary Operators

  • Concerns about food costs, disposables & labor
  • Wages increasing at a slower pace



Menu Pricing

  • Average check at limited service passed $10
  • Restaurant prices rising faster than groceries at home



Trends to Watch

  • Convenience in getting food
  • Climate friendly food
  • Breakfast as dinner
  • Dashboard dining


Full report only available to IFPA members.


Sign In


We are here to help provide context for you business decisions.

Gina Jones

Gina Jones

Global Insights

+1 (302) 607-2180
Rachael Rock-Blake headshot

Rachel Blake

Global Insights

+1 (302) 607-2175
Maddie Rennardson headshot

Maddie Rennardson

Global Insights Coordinator

+1 (302) 607-2125

Related Resources