Overview

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

The Street Vendors market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
12-17
2.9%
Annual Growth
17-22
Profit
Employment
70,736
Business
64,416

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

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    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...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry Analysis Chapter

    The Street Vendors industry is a high point within the larger food service sector. It has managed to surge ahead of the pack despite greater competition from innovative fast-casual concepts within a highly saturated domestic market, coupled with 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 2017, industry revenue is expected to grow at an annualized rate of 2.9%, making it one of the faster-growing industries within the larger hospitality sector. In 2017, revenue is expected to grow an additional 1.5% to reach $2.4 billion.

    ..

    shopping_cartBUY NOW 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..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear