Total food spending reached $2.6 trillion in 2023

In 2023, nominal (i.e., not adjusted for inflation) food expenditures by U.S. consumers, businesses, and government entities reached $2.6 trillion, up from $2.4 trillion in 2022. This increase was mainly driven by growth in food-away-from-home spending, climbing from $1.3 trillion in 2022 to $1.5 trillion in 2023. Meanwhile, food-at-home spending increased from $1 trillion in 2022 to $1.1 trillion in 2023. Food-away-from-home expenditures accounted for 58.5 percent of total food expenditures in 2023—their highest share of total food spending observed in the series.

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