The global restaurant industry boasts a significant market size, but estimates can vary depending on the source and methodology used. Here’s a snapshot as of May 22, 2024:

Market Size: Estimates range from USD 2,395.03 billion in 2022 [Key Industry Trends] to USD 1.9 trillion in 2023.
CAGR: The projected CAGR (Compound Annual Growth Rate) is 10.79% CAGR. This applies to the 2022-2030 period for the global food service market, which includes restaurants