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

The Street Vendors industry has surged ahead over the past five years due to renewed consumer demand for unique and gourmet food products. This trend gained momentum as the fast food and food service industries slowed down significantly, as a result of changing consumer tastes and heightened competition. During the five-year period, many consumers have increased their spending on eating out; nevertheless, many people have still opted for lower-priced items and convenience. Furthermore, the general trend toward healthy eating over recent years has hurt sales for street vendors that offer greasy, high-calorie meals. Yet, despite an increasingly health-conscious consumer base, renewed fascination with street foods in the United States has offset some of these trends...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
2.9%
Forecast Growth 17-22
Profit
Employment
70,736
Businesses
63,551
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Unique foods and demand from metropolitan areas will sustain demand for the industry
  • Many street vendors have faced an uphill battle against policy makers and law enforcement agencies
  • Rising retail sales and construction activity will provide opportunities to service new clients
  • Industry Report - Industry SWOT Analysis Chapter

    The Street Vendors industry is in a growth phase of its life cycle. Over the 10 years to 2022, industry value added (IVA), which measures an industry's contribution to GDP, will grow at an annualized rate of 3.4%. By comparison, GDP is anticipated to grow 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. The...purchase to read more.

    Additional Insights for the Street Vendors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Street Vendors Industry are

  • Ability to control stock on hand
  • Proximity to key markets
  • Must have license
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Healthy eating index in the Street Vendors industry impact industry performance..

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    What's in this report

    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
  • American (burgers, sandwiches and hot dogs)
  • Desserts
  • Central and South American
  • Asian
  • Mixed Ethnicity
  • Greek Mediterranean
  • Industry Activities
  • Mobile nonalcoholic beverage stands
  • Mobile coffee carts
  • Mobile food concession stands
  • Ice cream truck vendors
  • Lunch wagons
  • Mobile food stands
  • Mobile refreshment stands
  • Mobile snack stands
  • Street vendors of food
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Healthy eating index
  • Consumer Confidence Index
  • Agricultural price index
  • Urban population

  • Current Performance
  • Shifting consumer preferences
  • Regulatory hurdles
  • Growth and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Future trends
  • Profitability
  • Enterprises and employment
  • Table: Street Vendors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Street Vendors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Confectionery Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling
  • Grocery Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • American (burgers, sandwiches and hot dogs)
  • Asian
  • Desserts
  • Central and South American
  • Other
  • Mixed Ethnicity
  • Greek Mediterranean
  • Chart: Street Vendors Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest quintile of incomes
  • Fourth quintile of incomes
  • Businesses and organizations
  • Middle quintile of incomes
  • Second quintile of incomes
  • Lowest quintile of incomes
  • Government
  • Chart: Major Market Segmentation for the Street Vendors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and UtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Street Vendors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Street Vendors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Street Vendors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Street Vendors Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Brick And Mortar
  • A store that has a physical presence and location, as opposed to an online retailer or a street vendor.
  • Industrial Catering Vehicles
  • Sell mainly pre-packed, cold foods on a self-serve basis, and which is usually operated by a single person
  • Mobile Food Preparation Vehicles
  • Generally have the facilities to provide hot foods to customers' orders, which requires a driver and a cook
  • Wagon Wheel Cart
  • The traditional street vendor wagon wheel cart involves with two wheels at one end and stands at the other.
  • What Our Customers Say

    Why buy this report?

    The Street Vendors industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Street Vendors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Street Vendors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Street Vendors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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