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Food Away From Home Market Anticipated To Witness Robust Growth, Surpassing $5816.07 Billion By 2029
Food Away From Home
What Is the Current Food Away From Home Market Size and Its Estimated Growth Rate?
The food away from home market has shown steady growth in recent years. It is expected to grow from $4636.81 billion in 2024 to $4865.45 billion in 2025, at a CAGR of 4.9%. The growth is driven by the expansion of the fast food industry, cultural shifts, increased participation of women in the workforce, urbanization, and demographic changes.
The food away from home market is expected to grow steadily, reaching $5816.07 billion by 2029, with a CAGR of 4.6%. Growth drivers include a favorable regulatory environment, economic factors, culinary exploration, the rise of online food delivery, and busy work schedules. Major trends include contactless and digital ordering, ghost kitchens and virtual brands, sustainability, eco-friendly practices, and plant-based and alternative proteins.
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How Are Emerging Segments Shaping the Food Away From Home Market Landscape?
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 Growth Factors Are Influencing Food Away From Home Market Expansion?
The rapid expansion of fast-food restaurants is expected to fuel the growth of the food-away-from-home market moving forward. Fast-food restaurants, which provide pre-cooked meals with minimal table service, have grown in popularity. The demand for fast food is driven by busy lifestyles, a need for convenient dining, and changing consumer tastes. Fast-food chains offer affordable, quick meal options that attract consumers looking for value and convenience. For example, in 2024, Aviko, a Netherlands-based food company, reported that the UK's fast food industry grew from £20.61 billion in 2022 to £22.04 billion in 2023, with 45% of UK consumers eating in fast food outlets in 2023. Thus, the expansion of fast-food restaurants is driving the growth of the food-away-from-home market.
Who Are the Dominant Players Across Different Food Away From Home Market Segments?
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 Trends Are Driving Growth in The Food Away From Home Market?
Prominent players in the away-from-home food sector are aiming to innovate by integrating cutting-edge technologies like 'AI-first' strategies into their quick-service restaurant networks. This AI-first approach is a business methodology that incorporates and optimises artificial intelligence across the entirety of a fast-food chain's functioning. It aims to heighten productivity, reduce overheads, and improve customer service experiences. For instance, Yum! Brands, an American fast-food giant, launched the SuperApp platform in April 2024. This AI-led mobile app is now being utilised by over 8,700 Pizza Hut and KFC outlets. The staff in these establishments can ask the app operational questions such as oven temperature adjustments and receive answers from a smart AI chatbot, circumventing the requirement for conventional instruction manuals. Employees also utilize the SuperApp for managing their work timings and for ordering essential products and supplies, ensuring seamless restaurant operations.
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Which Geographic Regions Are Expected to Dominate the Food Away From Home Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Away From Home Market?
2. What is the CAGR expected in the Food Away From Home Market?
3. What Are the Key Innovations Transforming the Food Away From Home Industry?
4. Which Region Is Leading the Food Away From Home Market?
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