The US household expenditure on food and soft drinks is projected to rise steadily from 2023 onwards. The 2023 expenditure stood at approximately 1.273 trillion USD. From 2024 to 2028, the forecast indicates an average year-on-year increase of about 6.6%. Particularly notable is the consistent growth, with the compound annual growth rate (CAGR) over the five-year period reaching around 6.1%.
Future trends to watch for are:
- Inflationary pressures which may influence consumption patterns.
- Shifts in consumer preferences towards healthier and sustainable options.
- Impact of technology and e-commerce on purchasing behaviors.
- Socioeconomic factors, including income growth and demographic changes, affecting spending power.
