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Leading Growth Driver in the Food Away From Home Market in 2025: Expansion Of Fast-Food Restaurants Driving Growth In Food-Away-From-Home Market Driver's Influence
Which drivers are expected to have the greatest impact on the over the food away from home market's growth?The increasing number of fast-food restaurants is expected to propel the growth of the food-away-from-home market. Fast-food restaurants serve quickly prepared meals with limited table service, catering to consumers who seek convenience and affordability. The demand for fast food is driven by busy lifestyles and evolving tastes. For example, according to Aviko in 2024, the UK fast food industry grew from £20.61 billion in 2022 to £22.04 billion in 2023. The number of UK consumers dining in fast-food restaurants increased to 45% in 2023. Hence, the growing presence of fast-food outlets is boosting the food-away-from-home market.
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What is the future CAGR of the food away from home market, and how will it impact industry expansion?
The food away from home market has grown steadily in recent years. It is expected to rise from $4636.81 billion in 2024 to $4865.45 billion in 2025, with a CAGR of 4.9%. This growth can be attributed to the expansion of the fast-food industry, cultural shifts, more women in the workforce, urbanization, and demographic changes.
The food away from home market is projected to grow steadily, reaching $5816.07 billion by 2029 at a CAGR of 4.6%. Factors contributing to growth include regulatory environments, economic conditions, culinary exploration, and the rise of online food delivery services. Key trends include contactless and digital ordering, the rise of ghost kitchens, sustainability practices, technology integration, and the popularity of plant-based and alternative proteins.
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What are the most significant trends transforming the food away from home market today?
Companies in the food away-from-home market are adopting next-generation technology, such as an 'AI-first' strategy, to boost efficiency and empower their workforce across fast-food chains. The AI-first strategy focuses on incorporating artificial intelligence into every aspect of operations to enhance efficiency, lower costs, and improve customer experiences. For instance, in April 2024, Yum! Brands, a US-based fast food corporation, launched the SuperApp platform, an AI-driven smartphone app for restaurant managers used in over 8,700 Pizza Hut and KFC locations. The app allows staff to ask operational questions and get answers via a generative AI chatbot, while also helping manage schedules and order supplies, improving overall restaurant operations.
Which key market segments comprise the food away from home market and drive its revenue growth?
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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Which regions are key players in the growth of 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.
Who are the leading players fueling growth 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
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What Is Covered In The Food Away From Home Global Market Report?
•Market Size Forecast: Examine the food away from home market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the food away from home market for a structured understanding.
•Key Players Overview: Analyze major players in the food away from home market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food away from home market.
•Segment Contributions: Evaluate how different segments drive overall growth in the food away from home market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food away from home market.
•Industry Challenges: Identify potential risks and obstacles affecting the food away from home market.
•Competitive Landscape: Review strategic developments in the food away from home market, including expansions, agreements, and new product launches.
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