Industry Analysis & Industry Trends
The Food Trucks industry has experienced a remarkable rise over the past five years, as consumers have increasingly favored unique, gourmet cuisine at budget-conscious prices. Despite strong performance, however, high competition and unfavorable regulatory conditions in some cities have limited the growth of industry vendors. Nevertheless, the industry has outperformed the broader food-service sector over the period in terms of revenue expansion. In the five years to 2020, favorable consumer trends will continue to underpin moderate revenue growth, but the industry will need to work with municipal governments to resolve the remaining legal challenges to food truck operations.... purchase to read more
Industry Report - Industry Products Chapter
Many operators have entered the Food Trucks industry for its low operating costs and because the business allows chefs and entrepreneurs to create innovative food that consumers are increasingly gravitating toward. As such, food trucks that offer ethnic cuisines, fusion food and new flavors have performed exceptionally well.
Traditional American dishes such as pizza, hamburgers and sandwiches represent the largest product segment within this industry. Within this segment, burgers account for the majority of sales, mirroring the popularity of this American staple... purchase to read more