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U.S. Consumers Reducing Home Cooking

03/28/2024

According to an Axios Survey, U.S. consumers have returned to pre-COVID patterns eating 8.2 meals per week at home in 2023.  This was equivalent to at-home meals in 2019.  During the COVID year of 2020, 9.4 meals a week were consumed at home.  The return to eating out is motivated by restoration of workplace attendance and reduced concern over eating in restaurants.

 

 

The implications of the study are that QSR and restaurant revenue will increase with a disproportionate decline in grocery sales.