global food away from home market, food away from home market analysis, food away from home market forecast, food away from home market trends, food away from home market outlook, food away from home market growth
What is the current size and annual growth rate of the food away from home market?
The food away from home market size has grown steadily in recent years. It will grow from $4636.81 billion in 2024 to $4865.45 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to fast food industry expansion, cultural shifts, women’s workforce participation, urbanization and demographic changes.
The food away from home market size is expected to see steady growth in the next few years. It will grow to $5816.07 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to regulatory environment, economic conditions, culinary exploration, rise of online food delivery and hectic work schedule. Major trends in the forecast period include contactless and digital ordering, ghost kitchens and virtual brands, sustainability and eco-friendly practices, technology integration and plant-based and alternative protein.
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What key drivers have fueled the food away from home market’s development over the years?
The growing expansion of fast-food restaurants is expected to propel the growth of the food-away-from-home market going forward. Fast-food restaurants also referred to as fast food outlets, are a type of restaurant that serves quickly prepared and pre-cooked meals with limited table service. The rise of fast-food restaurants is driven by demand for convenient and diverse dining options, busy lifestyles, and evolving taste preferences. Fast-food restaurants, offering quick and affordable meal options, attract busy individuals and cost-conscious consumers with their value meals and promotions. For instance, in 2024, according to Aviko, a Netherlands-based food company, the UK fast food industry rose from 20.61 billion in 2022 to 22.04 billion in 2023. The number of UK consumers who ate in fast-food restaurants increased to 45% in 2023. Therefore, the growing expansion of fast-food restaurants is driving the growth of the food-away-from-home market.
What is the segmentation for the 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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Who are the most influential companies 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 top industry trends projected to impact the food away from home market?
Major companies operating in the food away from home market are focused on developing next-generation technology, such as an ‘AI-first’ strategy to enhance efficiency and empower their workforce across their fast-food restaurant chains. The AI-first strategy is a business strategy that prioritizes the integration and optimization of artificial intelligence across all parts of a fast-food chain’s operations in order to increase efficiency, reduce costs, and provide better customer experiences. For instance, in April 2024, Yum! Brands, a US-based fast food corporation, introduced the SuperApp platform. It is an AI-first strategy smartphone app for restaurant managers that is presently used by over 8,700 Pizza Hut and KFC restaurants. The app enables restaurant staff to ask operational queries, such as how to adjust oven temperatures and receive responses via a generative AI chatbot. This eliminates the need for traditional training manuals. Employees use the SuperApp to manage their work schedules as well as order goods and supplies, which helps restaurants run smoothly.
What are the major regional insights for the food away from home market, and which region holds the top position?
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.
What Does The Food Away From Home Market Report 2025 Offer?
The food away from home market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Food away from home refers to meals made and consumed outside of one’s home, usually in restaurants, cafes, or other dining venues. The main objectives of food away from home are convenience, socialization, and enjoyment, allowing people to try new foods, socialize with others, and enjoy professionally cooked meals without having to cook themselves.
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