The International Foodservice Manufacturers Association (IFMA) released its final 2023 estimates and its latest 2024 Food Away-From-Home (FAFH) Industry and Segment Projections.
Buoyed by a stable, growing economy and low unemployment, IFMA projects that the FAFH industry will grow 0.9%, on a real basis, in 2024. This comes off a better-than-expected growth of 1.2%, on a real basis, in 2023. The forecast models were created in conjunction with Datassential, a leading foodservice research firm, and validated by operators from the IFMA Foodservice Leadership Councils.