U.S. consumers spent $1.71 trillion on food and beverages in 2018, according to the Department of Agriculture. USDA’s Economic Research Service says spending at food-away-from-home establishments, restaurants, school cafeterias, sports venues and other eating places, accounted for 54.4 percent of expenditures. The remaining 45.6 percent took place at grocery stores, supercenters, convenience stores, and other retailers. However, USDA says a 54.4-percent share of food expenditures does not equate to 54.4 percent of food quantities, as food purchased away from home is generally higher priced than food prepared at home. Food-away-from-home outlets incur costs for the workers required to prepare and serve food, as well as for buildings, equipment, and utilities. The away-from-home market, which accounted for about one-third of total food expenditures 50 years ago at 33.8 percent, has grown through the decades, except in some recession years. During most of the 2007–09 recession, food away from home spending stayed at or just below 50 percent before rising to 50.1 percent in 2009 and continuing to grow.
Over half of American's food dollars being spent away from home
Sep 20, 2019 | 6:39 AM