Latest News- Food Truck Services Market in US: Mobile vending is expected to lead the Delivery Mode segment during 2024-2028

The Food Truck Services Market in US is being driven by Rising demand for mobile food services

The Food Truck Services Market in US is expected to grow at a CAGR of 7.44% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 634.8 million. The food truck services market in the US is witnessing a significant trend of strategic alliances among market players. These collaborations enable participants to expand their reach into new markets and gain access to advanced technologies. Notably, many food service establishments are partnering with food delivery platforms. Under these agreements, restaurants are registered on various delivery apps, which handle the logistics of food delivery to customers, contrasting aggregators that merely facilitate online orders. For instance, in September 2021, easyJet announced a food-delivery partnership with Uber Eats for passengers returning home from their travels via Gatwick or Luton airports. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Delivery Mode
  • Mobile vending
  • Online delivery
• Product
  • Food
  • Desserts
  • Beverages
• Type
  • American
  • Mexican
  • Chinese
  • Thai
  • Others
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for mobile food services
• Rising snacks and indulgence consumption
• Increasing demand for allergen-free dining

However, the market also witnesses some limitations, which are as follows:

• Rise in potential food contamination
• Increase in rate of home cooking in US
• Increasing competition from other food businesses, such as restaurants and food delivery services

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Market Scope in Food Truck Services Market in US Research Report

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Research Analysis Overview

The Food Truck Services Market in the US is thriving, with food trucks gaining social media popularity. Specializing in gourmet dishes and specialty beverages, these mobile food services are often operated by female employees. Urban areas are seeing an increase in mobile kitchens, offering local fast food and online ordering for a convenient, mobile lifestyle. Social gatherings are incomplete without street food vendors, providing cooking facilities in their trucks, adding to the excitement of urban living.

Market Research Overview

The Food Truck Services Market in the US is experiencing significant growth, driven by the increasing popularity of food trucks on social media and the trend towards mobile, gourmet food offerings. Specializing in local fast food and unique specialty beverages, female employees are increasingly prominent in the industry's workforce. This market segment falls under the broader Hospitality Industry, which includes parent companies engaged in operating hotels, resorts, and cruise lines, as well as travel agencies, tour operators, and related services. According to Technavio, the Global Hospitality Industry market size is calculated based on the combined revenue generated by companies in casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants. The industry's expansion is fueled by the growing travel and tourism sector, with millions of people from both emerging and developed economies traveling annually.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/