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Global Food Truck Market Size, Share, Analysis, Forecast: By Type: Vans, Trailers, Trucks, Others; By Size: Small and Medium, Large; By Food Type: Fast Food, Bakery, Desserts and Confectionary, Vegan and Meat Plants, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Food Truck Market Size
The global food truck market reached approximately USD 4.34 billion in 2023. The market is projected to grow at a CAGR of 6.60% between 2024 and 2032, reaching a value of around USD 7.78 billion by 2032.
Food Truck Market Outlook
- As per the industry reports in 2022, around 35,500 food trucks were operating in the USA.
- Consumers in the age range of 18 to 34 are the primary patronage of the food trucks.
- Big Cheezy food truck announced the opening of a new restaurant at Louisiana State University, in the United States, in May 2024, which will offer melts and grilled cheeses.
Food Truck Market Growth
The shift in consumer preference towards an innovative meal-provider service other than the regular brick-and-mortar, rising demand for food trucks in events and festivals, and the cost-efficient model of starting a food truck are some of the prominent market drivers. Food trucks offer the provision of mobile kitchens and can serve fresh and hot meals to consumers in different parts of the city and town.
Favourable government initiatives are aimed at strengthening the food truck infrastructure in the country. The Portland Bureau of Transportation (PBOT) announced the initiation of a novel food truck program in 2024, under which food truck vendors can acquire permits and operate on city streets, thereby boosting foot traffic in the central city of Portland.
The traditional food service providers are now also offering their food products on food trucks to boost their revenue. For instance, Gio Chicago Pizza announced in March 2024 that it is set to launch a food truck to enhance its reach among consumers.
Food Truck Industry Segmentation
“Food Truck Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Vans
- Trailers
- Trucks
- Others
Market Breakup by Size
- Small and Medium
- Large
Market Breakup by Food Type
- Fast Food
- Bakery
- Desserts and Confectionary
- Vegan and Meat Plants
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Food Truck Market Share
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe occupies a significant share of the market due to the rise of events and festivals, government schemes that provide funding and assistance for food truck programs, and the entrance of brick-and-mortar food suppliers into the food truck sector.
Leading Companies in the Food Truck Market
The market players are expanding their operations to gain a competitive edge in the market.
- Prestige Food Trucks
- United Food Truck LLC
- VS Special Design srl
- Futuristo Trailers
- M&R Specialty Trailers And Trucks
- The Fud Trailer Company
- Msm Catering Trucks Mfg. Inc.
- Food Truck Company
- One Fat Frog
- Foodtrucker Engineering LLP
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Size |
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| Breakup by Food Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Food Truck Market Analysis
8.1 Key Industry Highlights
8.2 Global Food Truck Historical Market (2018-2023)
8.3 Global Food Truck Market Forecast (2024-2032)
8.4 Global Food Truck Market by Type
8.4.1 Vans
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Trailers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Trucks
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Food Truck Market by Size
8.5.1 Small and Medium
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Large
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Food Truck Market by Food Type
8.6.1 Fast Food
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Bakery
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Desserts and Confectionary
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Vegan and Meat Plants
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Food Truck Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Food Truck Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Food Truck Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Food Truck Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Food Truck Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Food Truck Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Prestige Food Trucks
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 United Food Truck LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 VS Special Design srl
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Futuristo Trailers
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 M&R Specialty Trailers And Trucks
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 The Fud Trailer Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Msm Catering Trucks Mfg. Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Food Truck Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 One Fat Frog
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Foodtrucker Engineering LLP
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Food Truck Market: Key Industry Highlights, 2018 and 2032
2. Global Food Truck Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Food Truck Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Food Truck Historical Market: Breakup by Size (USD Billion), 2018-2023
5. Global Food Truck Market Forecast: Breakup by Size (USD Billion), 2024-2032
6. Global Food Truck Historical Market: Breakup by Food Type (USD Billion), 2018-2023
7. Global Food Truck Market Forecast: Breakup by Food Type (USD Billion), 2024-2032
8. Global Food Truck Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Food Truck Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Food Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Food Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Food Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Food Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Food Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Food Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Food Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Food Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Food Truck Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Food Truck Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Food Truck Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.34 billion.
The market is estimated to grow at a CAGR of 6.60% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 7.78 billion by 2032.
The market is being driven due to a shift in consumer preference towards a meal-provider service other than the regular brick-and-mortar, rising demand for food trucks in events and festivals, and the cost-efficient model of starting a food truck.
The key trends aiding the market include favourable government initiatives, the availability of a diversified menu, and an increase in food truck parks.
Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Based on type, market segmentations include vans, trailers, and trucks, among others.
Various food types are fast food, bakery, desserts and confectionary, and vegan and meat plants, among others.
The major players in the market are Prestige Food Trucks, United Food Truck LLC, VS Special Design srl, Futuristo Trailers, M&R Specialty Trailers And Trucks, The Fud Trailer Company, Msm Catering Trucks Mfg. Inc., Food Truck Company, One Fat Frog, and Foodtrucker Engineering LLP, among others.
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