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Street Vendors in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Street Vendors Market Research Report | NAICS 72233 | Sep 2014

Rolling along: While the food truck craze wanes, demand for specialty foods will support growth

IBISWorld’s Street Vendors market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
4.9%
Annual Growth 14-19
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Profit
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Employment
35,691
Businesses
32,381
Industry Analysis & Industry Trends

While the larger food-service sector relies on buoyant consumers to drive revenue, the Street Vendors industry has not been as susceptible to volatility in consumer spending and confidence over the past five years. In the five years since the recession, many consumers spent less on discretionary items such as food purchases. However, street vendors were largely able to avoid these potential hindrances by selling food that is even cheaper than traditional fast food restaurants. The public's newfound obsession with food trucks will likely subside over the next five years, but sustained interest from major metropolitan areas will still present some opportunities for growth... purchase to read more

Industry Report - Industry Analysis Chapter

The Street Vendors industry is an anomaly in the food-service sector. It has managed to surge ahead despite challenges such as a weakened economy, persistently high unemployment and an increasing awareness of the health risks associated with high-fat, salty and sugary diets over the past five years. Despite these obstacles, the industry has developed an array of specialty, gourmet and ethnic offerings that have taken many major metropolitan areas by storm. Over the five years to 2014, revenue is expected to grow at an average annual rate of 4.9%, making it one of the fastest growing industries in the hospitality sector in recent times. In 2014, revenue is expected to grow an additional 2.4% to reach $1.2 billion... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Street Vendors Industry?

This industry comprises establishments primarily engaged in preparing and serving meals and snacks for immediate consumption from motorized vehicles or nonmotorized carts. The establishment is the main location from which the caterer route is serviced, not each cart or vehicle. Included in this industry are establishments primarily engaged in providing food services from vehicles, such as hot dog carts and ice cream trucks.

Industry Products
Traditional street vendorsMobile food preparation vehiclesIndustrial catering vehicles
 
Industry Activities
Mobile nonalcoholic beverage standsMobile coffee cartsMobile food concession standsIce cream truck vendorsLunch wagonsMobile food standsMobile refreshment standsMobile snack standsStreet vendors of food


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