In 2024, household expenditure on food away from home in the US is projected to be $3,550. In previous years, particularly in 2023, this expenditure stood at a slightly lower point as this value marks an increase over time. Year-on-year growth rates reflect a steady rise towards 2028, ranging between 1.4% and 1.6%. The compound annual growth rate (CAGR) over the five-year forecast period remains consistent, highlighting stable growth in spending on dining out.

Future trends to watch for include:

Increased consumer preference for convenience and experience-driven dining.
Rising popularity and influence of plant-based and sustainable food trends affecting dining choices.
Impact of economic factors such as inflation on consumer spending patterns outside the home.