Global Gourmet Street Food Market Report and Forecast 2024-2032

Global Gourmet Street Food Market Outlook

The global gourmet street food market size is expected to grow at a CAGR of 5.90% between 2024 and 2032, driven by the rising demand for street food and increasing interest in gourmet preparations.

Key Trends in the Market

Gourmet street food refers to street food that is prepared in a gourmet style, which is typically cooked at a high standard, is expensive, has a good flavour, and is aesthetically presented. As street foods, gourmet foods and drinks are sold and occasionally cooked in open spaces, most notably streets, and are often launched by hotels and gourmet restaurants.

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• The expansion of the global gourmet street food market is driven by the increasing consumer preference for new and delicious street cuisine. Furthermore, the inclusion of personalised food products is further boosting the growth of the market.

• The growth of the market for gourmet street food is also fuelled by ongoing innovations, cuisine fusions, and investment in development of new recipes, along with food standardisation. Numerous gourmet food products sold on the street have clear labels and convenient packaging to attract customers.

• Gourmet street food producers are concentrating on meeting the customer demand, and well-chosen locations by such vendors have led to growth in their customer base. They are situated in busy locations to attract more clientele, aiding the growth of the gourmet street food market.

Market Analysis

Based on cuisine type, the market is divided into Chinese, Indian, Italian, and German, among others. By distribution channel, the market is categorised into offline and online, with offline further divided by type into food trucks, food stalls, and food vans, among others. The regional markets for gourmet street food are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global gourmet street food market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Neno’s Gourmet Mexican Street Food

• Gourmet Street Kitchen

• Duck Frites

• Gourmet Street Eatz

• Crave Gourmet Street Food

• D’Abruzzo

• Born & Raised

• Kono Pizza Bucks County

• Brickys Gourmet Street Food

• Others

Global Gourmet Street Food Market Share by Cuisine Type

Italian cuisine, such as pizza and pasta, is anticipated to witness significant growth in the market for gourmet street food. This type of cuisine is popular across the world because of its high quality, simplicity, health advantages, accessibility, diversity, and taste. The simple ingredients used in Italian gourmet street food, such as ripe tomatoes, olive oil, bread, mozzarella, and parmesan cheese, are high-quality, which make them preferred by a large number of consumers. Additionally, Italian cuisine is known for being one of the more affordable cuisines, further boosting the popularity of Italian gourmet street food.

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Global Gourmet Street Food Market Share by Distribution Channel

Offline distribution channels are expected to account for a substantial share in the market for gourmet street food in the upcoming years. Offline channels for ordering meals include food trucks and food vans, which provide a greater selection of menu items than conventional food stalls. This enables food vans and trucks to accommodate a larger range of dietary needs and tastes. Additionally, food trucks and food vans do not require a dedicated building, furnishings, and décor and thus have lower overhead costs than conventional restaurants.

Competitive Landscape

Crave Gourmet Street Food, was established in 2016 and has its headquarters in Jerusalem, Israel. It offers a gourmet cuisine made with only the freshest, healthiest local products and also features some of Jerusalem's top meat and bread bakers.

D’Abruzzo, founded in 1924 and headquartered in Pescara, Italy, is a premium brand for handmade pasta. The company produces durum wheat semolina pasta in small batches and provides consumers with authentic, high-quality pasta of many varieties and shapes.

Brickys Gourmet Street Food, with its headquarters in Hertfordshire, United Kingdom, seeks to provide a true glimpse of street cuisine. The company offers a combination of fresh and delicious ingredients in a clean, enjoyable, and welcoming setting.

Other market players include Neno’s Gourmet Mexican Street Food, Gourmet Street Kitchen, Duck Frites, Gourmet Street Eatz, Born & Raised, and Kono Pizza Bucks County, among others.

Key Highlights of the Report