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Total food spending reached $2.63 trillion in 2024

by Eliana Zeballos and Wilson Sinclair
6/10/2025

Food Prices, Expenditures, and Establishments

A line graph showing annual food-at-home, food-away-from-home, and total food expenditures in the United States for 1964 to 2024.

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In 2024, nominal (i.e., not adjusted for inflation) food expenditures by U.S. consumers, businesses, and government entities reached $2.63 trillion, up from $2.53 trillion in 2023. This increase was mainly driven by growth in food-away-from-home spending, climbing from $1.46 trillion in 2023 to $1.54 trillion in 2024. Meanwhile, food-at-home spending increased from $1.06 trillion in 2023 to $1.09 trillion in 2024. Food-away-from-home expenditures as a share of total food expenditures reached a high of 58.5 percent in 2024.

Total food spending reached $2.63 trillion in 2024

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