The household expenditure on food in the US is forecasted to increase steadily from 2024 to 2028. In 2023, the actual expenditure was estimated to be $7.89 thousand USD. Year-on-year analysis indicates gradual growth, with percentage variations averaging around 1.1% annually. The compound annual growth rate (CAGR) for the 2024-2028 period is expected to be approximately 1.1%, showing consistent expansion in spending over the five years.

Future trends to watch for:

The impact of economic conditions on consumer spending capacity.
Potential shifts in consumer preferences towards organic and health-oriented food products.
Technological advancements influencing online and direct-to-consumer food delivery models.