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Expansion Of Fast-Food Restaurants Driving Growth In Food-Away-From-Home Market: Pivotal Factor Influencing Food Away From Home Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Food Away From Home Market Size Growth Forecast: What to Expect by 2025?
In previous years, the market size for the food away from home sector has seen consistent growth. It will see an increase from $4636.81 billion in 2024 to $4865.45 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. The historic period's growth can be credited to the expansion of the fast food industry, cultural evolutions, women joining the workforce, urban development, and demographic shifts.
How Will the Food Away From Home Market Size Evolve and Grow by 2029?
Predictions indicate a consistent expansion in the 'food away from home' market in the coming years, with an anticipated worth of $5816.07 billion in 2029. This increase, at a Compound Annual Growth Rate (CAGR) of 4.6%, is expected due to multiple factors such as changes in regulatory frameworks, economic trends, culinary adventures, the surge of internet-based food delivery, and demanding work schedules. Upcoming trends for the forecasted period include the implementation of touch-free and digital ordering systems, the emergence of ghost kitchens and online brands, eco-conscious and sustainable practices, technological integration, and a focus on plant-based and alternative proteins.
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What Drivers Are Propelling the Growth of Food Away From Home Market Forward?
The continuous growth of quick-service restaurant chains is projected to catalyze the expansion of the food-away-from-home sector in the future. These quick-service restaurants, also known as fast-food establishments, provide fast and pre-cooked meal options with minimal table service. The increasing frequency of these restaurants is influenced by the need for diverse and convenient food choices, hectic lifestyle, and changing food preferences. These places, with their inexpensive meals and deals, appeal to busy individuals and budget-minded customers. In 2024, as per information from Aviko, a Dutch food corporation, there was a significant growth in the UK's fast-food industry, from 20.61 billion in 2022 to 22.04 billion in 2023. The percentage of UK residents dining at fast-food restaurants also surged to 45% in 2023. Hence, the rapid extension of quick-service restaurants plays a crucial role in fueling the expansion of the food-away-from-home sector.
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Which Emerging Trends Are Transforming the Food Away From Home Market in 2025?
Leading corporations in the 'food away from home' sector are prioritizing the development of cutting-edge technologies, like an 'AI-first' approach, to streamline operations and boost their workforce efficiency in their quick service restaurant chains. The AI-first approach is a corporate strategy that privileges the incorporation and fine-tuning of artificial intelligence throughout every aspect of a quick-service restaurant's operations to heighten efficiency, cut expenses, and create improved experiences for customers. For instance, in April 2024, Yum! Brands, an American fast-food business, launched the SuperApp platform. This is a mobile application based on the AI-first strategy for restaurant managers, which is currently being used by over 8,700 KFC and Pizza Hut outlets. The app allows restaurant personnel to post operational questions such as how to regulate oven temperatures and receive answers via an AI chatbot. This makes traditional training manuals redundant. The SuperApp also enables employees to manage their work schedules and place orders for goods and supplies, allowing for seamless restaurant operations.
What Are the Key Segments in 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 Key Players Shaping the Food Away From Home Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in 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.
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