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Food Trucks in the US: Market Research Report

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

Food Trucks Market Research Report | Consumer Goods & Services | Food Service & Drinking Places | Jan 2015

On the go: Industry revenue growth will slow amid regulatory hurdles and increased saturation

IBISWorld’s Food Trucks 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
$857m
Annual Growth 10-15
9.3%
Annual Growth 15-20
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Profit
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Employment
14,893
Businesses
4,042
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 Locations Chapter

Mirroring the overall food-service sector, food trucks are located in densely populated cities and regions. According to a Zagat survey from 2012, the most concentrated cities include New York, Boston, Washington, DC, Miami, Houston, Austin, TX, Cleveland, Chicago, Portland, OR, and Los Angeles. As such, the West and Mid-Atlantic are the most important regions for this industry, accounting for an estimated 25.2% and 23.3% of food trucks in 2015, respectively. The Southeast is also anticipated to account for a substantial share of establishments, with this trend driven by the popularity of food trucks in Florida. Aside from population density, regional food trends also influence the number of industry operators and the type of cuisines offered in each region... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Food Trucks Industry?

The industry comprises establishments primarily engaged in preparing and serving meals from a mobile truck. Food is normally prepared, stored and cooked on the truck. The truck may or may not use the same location each day and does not sell alcoholic beverages.

Industry Products
AmericanLatin AmericanAsian and Middle EasternDesserts
 
Industry Activities
Preparing and serving food from a mobile truckPreparing and serving beverages from a mobile truckPreparing and serving dessert from a mobile truckServing prepackaged food and beverages from a mobile truck


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