Food Business Swot Analysis Of Food Industry
Industry analysis industry size growth rate and sales projections the fast food industry is assigned to the 722513 naics code which falls under limited service restaurants.
Food business swot analysis of food industry. According to an estimate the food truck business is growing at 5 4 vs 4 3. According to a study conducted by ibisworld that there are approximately 23873 food trucks in the us and it has employed over 28916 people in 2020. This document reviews the strengths weaknesses opportunities and threats that are common to these businesses. But the current wave of covid 19 has affected it very badly.
Although very competitive and it requires a huge investment to start. After carefully studying the swot analysis of the food and beverage industry we conclude that the food and beverage industry is a very profitable business. A fast food restaurant swot analysis should be produced as well. Even with the society becoming more aware of the health risks that come with eating unhealthy food their market share has continued to rise in the past 5 years.