Total food spending reached $2.58 trillion in 2024

In 2024, nominal (i.e., not adjusted for inflation) food expenditures by U.S. consumers, businesses, and government entities reached $2.58 trillion, up from $2.48 trillion in 2023. This increase was mainly driven by growth in food-away-from-home spending, climbing from $1.45 trillion in 2023 to $1.52 trillion in 2024. Meanwhile, food-at-home spending increased from $1.04 trillion in 2023 to $1.06 trillion in 2024. Food-away-from-home expenditures as a share of total food expenditures reached a high of 58.9 percent in 2024.