How Has the Food Away From Home Market Size Evolved in Recent Years?
The food away from home market has seen considerable growth due to a variety of factors.
• The food away from home market has grown steadily in recent years. It will rise from $4636.81 billion in 2024 to $4865.45 billion in 2025, at a compound annual growth rate (CAGR) of 4.9%.
Factors such as the expansion of the fast food industry, cultural shifts, greater participation of women in the workforce, urbanization, and demographic changes contribute to this growth.
What Are The Predictions for The Food Away From Home Market in the Coming Years?
The food away from home market is expected to maintain its strong growth trajectory in upcoming years.
• The food away from home market is expected to grow steadily, reaching $5816.07 billion by 2029 at a CAGR of 4.6%.
Growth drivers include changes in the regulatory environment, economic conditions, culinary exploration, the rise of online food delivery, and busy work schedules. Key trends include the adoption of contactless and digital ordering, the rise of ghost kitchens, sustainability practices, integration of technology, and the expansion of plant-based and alternative protein products.
Which Drivers Are Accelerating Growth In The Food Away From Home Market?
The growth of fast-food restaurants is driving the food-away-from-home market. Fast-food chains offer quick, affordable meals, which cater to the busy lifestyles of consumers. Aviko reported that the UK fast food industry grew by 7% from 2022 to 2023. As the number of fast-food restaurants increases, the food-away-from-home market is expanding.
What Are The Core Segments Of The Global Food Away From Home Market?
The food away from home market covered in this report is segmented –
1) By Type Of Occasion: Entertainment, Travel, Retail, Freestanding
2) By Ownership Type: Independent, Chains
3) By Delivery Model: Dine In, Take Away, Home Delivery
4) By Application: Restaurants, Schools And Colleges, Hotels And Motels, Retail Stores And Vending, Other Applications
Subsegments:
1) By Entertainment: Theater Dining, Concert And Event Catering, Amusement Park Food Services, Sports Venue Concessions, Cinema Food And Beverage Services
2) By Travel: Airport Food Services, Railway Station Food Outlets, Highway Rest Stop Dining, On-Board Catering (Airlines, Trains, Cruises), Hotel Restaurants
3) By Retail: Food Courts, In-Store Cafes, Supermarket And Grocery Deli Counters, Convenience Store Food Services, Specialty Retail Cafes (e.g., Bookstore Cafes)
4) By Freestanding: Casual Dining Restaurants, Fine Dining Restaurants, Fast Food Outlets, Food Trucks And Street Vendors, Coffee Shops And Cafés
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What Emerging Trends Are Influencing The Growth Of The Food Away From Home Market?
Companies in the food away-from-home market are adopting next-generation AI technology to improve efficiency and workforce management in fast-food chains. In April 2024, Yum! Brands launched an AI-first smartphone app called SuperApp, enabling restaurant staff to manage operations, schedules, and supplies while leveraging AI for operational queries, enhancing efficiency across over 8,700 Pizza Hut and KFC locations.
Who Are the Key Players In The Food Away From Home Market?
Major companies operating in the food away from home market are:
• Starbucks Corporation
• Compass Group PLC
• Sodexo
• McDonald's
• Aramark
• Subway IP LLC
• Darden Concepts Inc.
• Chipotle Mexican Grill
• Yum Brands
• Restaurant Brands International Inc.
• Zensho Holdings Co. Ltd.
• Whataburger
• Domino's Pizza
• Panda Restaurant Group Inc.
• Brinker International Inc.
• Greene King
• SATS Ltd.
• Burger King Company LLC
• Papa John's International Inc.
• Shake Shack
• Jubilant FoodWorks
What Are The Regional Insights Into The Food Away From Home Market?
North America was the largest region in the food away from home market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food away from home market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
