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 Analysis Chapter
The Street Vendors industry is an anomaly in the food-service sector. It has managed to surge ahead despite a weakened economy, rapid rise in unemployment and increasing awareness of the health risks associated with high-fat, salty and sugary diets. In the face of these obstacles, the industry has developed an array of specialty, gourmet and ethnic offerings that have taken most major metropolitan areas by storm. Over the five years to 2012, revenue is expected to grow at an average annual rate of 8.4%. In 2012, revenue is expected to grow an additional 4.2% to $1.5 billion.
As the economy fell deeper into a recession and unemployment rose, consumers became more selective about how they spent disposable income... purchase to read more