Name: Food, tobacco products top consumer spending growth forecasts
Uploaded: 2025-12-19T01:56:04.388Z
Duration: 1 min 56 s
Description: New data highlights surprising growth trends in everyday essentials and tobacco products.

New data highlights surprising growth trends in everyday essentials and tobacco products.

A consulting firm, LLC Attorney, has released new data projecting consumer spending trends for the next five years. The analysis indicates that food will remain the dominant category, with spending expected to grow from $245 billion in 2026 to $389 billion in 2029, driven by increased demand for home cooking, meal kits, and ready-to-eat options.

Tobacco products, including cigars, e-cigarettes, and vapes, are forecasted as the second fastest growing category, with spending anticipated to reach $61.5 billion by 2029. Household essentials such as paper goods and cleaning supplies are also expected to see over 10% annual growth, highlighting shifting consumer priorities amid ongoing economic uncertainty.

Food, tobacco products top consumer spending growth forecasts

Data drives so many choices in our lives, including how to budget our personal expenses and how businesses might position themselves. New data from LLC Attorney, a consulting firm that helps businesses, looked at where consumers will spend money in the next five years. It's not surprising that food dominates the forecast. The reality is we have to eat. And so we've got tariffs, we've got supply chain issues, we've got an interconnected global economy, even when it comes to food. And there are things that we as Americans are used to having on our dinner tables. Food spending is projected to climb from $245 billion in 2026 to $389 billion in 2029. That's more than 12% annual growth, fueled by rising demand for home cooking, meal kits, and ready-to-eat options. Do you need those subscription boxes? Can you cut some of that stuff out? So a lot of it does come down to, well, what can I do? Where am I spending my money? And what matters to me? Now for the surprise. Tobacco products are the second fastest growing category. Spending on cigars, e-cigarettes, and vapes is expected to increase at around 12% per year, reaching $61.5 billion by 2029. A study this summer by the Cato Institute found even with tax hikes, tobacco users still buy the products. Cigarette consumption is declining, but demand for smokeless tobacco, cigars, and e-cigarettes is growing, according to research and markets.com. When it comes to household essentials like paper goods and cleaning supplies, they're expected to see over 10% annual growth. So it really does take a little bit of stepping back and saying, I understand that there's some uncertainty here, and I may have to make some choices and kind of face that reality, which is never very pleasant for any of us. Holly for First Scripps News Group, Atlanta.

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