Industry Analysis & Industry Trends
Keep on trucking
Demand for food trucks and street vendors has soared in the five years to 2011, and revenue will continue to grow steadily during the next five years. With consumer spending back on track, firms will incorporate unique and healthy food options to entice customers. Though competition from other restaurants and food establishments will remain strong, vendors will provide quality and personal service to gain revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Street Vendors industry is in a growth phase of its life cycle. Over the 10 years to 2017, industry value added (IVA), which measures an industry's contribution to GDP, will grow at an average annual rate of 3.5%. By comparison, GDP is anticipated to grow at an annualized 2.1% over the same period.
While the rest of the food-service sector has been suffering due to lower consumer spending rates, the street vendor industry has made leaps and bounds over the past five years. Street vendors were largely able to dodge the recession's blow by offering new and compelling products that attracted a more diverse client base. These offerings include ethnic foods and fusions, gourmet foods and other dining options not traditionally associated with street food or food trucks... purchase to read more