U.S. Food Trucks Services Market Size, Share & Trends Analysis Report 2022 - 2030

The U.S. food truck services market size was valued at USD 1.16 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. A rapid surge in gastronomy and the rising demand among youth for novel dining experiences over traditional dining in brick-and-mortar restaurants are the factors driving the growth. Furthermore, the growing demand for food on the go along with the rising popularity of the mobile lifestyle are other major factors driving the growth.

The COVID-19 pandemic negatively impacted the growth of many sectors of the U.S. economy. Strict lockdown measures and stay-at-home orders resulted in closure & restrictions of on-premises dining at restaurants and cafes. The ban on street food vendors directly impacted the food truck services and their business models.

The reduction in purchasing power along with the avoidance of eating outside forced consumers to change their consumption patterns during the COVID-19 pandemic. Furthermore, the cancellation of events such as parades, food festivals, concerts, and other social gatherings resulted in a decline in food truck revenues.

Food truck services are one of the fastest-growing concepts and one of the most in-demand restaurants in the country owing to their affordability, versatility, and accessibility. The upscale food truck services phenomenon majorly happened due to recession thumping trends. Meals on wheels are popular in American culture.

There are over 35,000 food trucks spread across the cities with more than 14,000 people employed in the industry. The shift in consumer preference, especially the millennial and Gen Z group, toward gourmet foods and unique & adventurous food concepts is propelling the demand for these food truck services in the U.S.

Key Companies & Market Share Insights

The market is characterized by the presence of a few well-established players and several small and medium players.Companies are focusing on signing new food truck contracts as one of the key strategic initiatives in the industry. For instance:

• In August 2021, Shake Shack launched its first ever food truck in Los Angeles. The food truck will offer burger fixes, hot honey fries, hot honey chicken sandwich
• In August 2020, Whataburger, a burger chain, announced to launch a food truck for a multistate tour in 2021 and features a four-foot grill, for cooking burgers

U.S. Food Trucks Services Market Segmentation

Grand View Research has segmented the U.S. food truck services market report based on offering, cuisine type, and platform:

• Offering Outlook (Revenue, USD Million, 2017 - 2030)
  • Food
    • Non-Vegetarian
    • Vegetarian
    • Vegan
  • Beverages
    • Alcoholic Beverages
    • Non-Alcoholic Beverages
  • Dessert and Ice Creams
• Cuisine Type Outlook (Revenue, USD Million, 2017 - 2030)
  • American
  • Chinese
  • Japanese
  • Mexican
  • Italian
  • Others
• Platform Outlook (Revenue, USD Million, 2017 - 2030)
  • Mobile Vending
  • Online Delivery

Key Players of U.S. Food Truck Services Market

Some prominent participants in the U.S. food trucks market include:

• Stoked Wood Fired Pizza
• Tenoch Mexican
• Roxy’s Gourmet Grilled Cheese
• Vibe Food Truck
• Slide by Food Truck
• Rocket Fine Street Food
• Noble Knots Food Truck and Catering
• Dee’s Deli Food Truck & Catering
• Twisted T’s Food Truck
• Gastros

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