Mobile Food Services Market Size, Share, Opportunities, And Trends by Mobile Food Unit (Trails/ Trucks, Pushcarts, Others), and by Geography – Forecast From 2025 To 2030
- Published : Dec 2024
- Report Code : KSI061612782
- Pages : 148
The mobile food service market is projected to grow at a CAGR of 6.57% between 2025 to 2030.
Mobile Food Services Market Trends:
Mobile food service involves the selling of prepared meals and snacks for immediate consumption from motorized and non-motorized vehicles such as food trucks and ice cream trucks.
The mobile food services market is expected to have a significant growth rate driven by increasing demand for convenience food. The several advantages of mobile food service outlets over brick-and-mortar shops, such as lesser initial capital investment and the flexibility of reaching a wider range of customers, are projected to enhance the mobile food services market in the coming years. However, fluctuation in commodity prices and the presence of stringent regulations is expected to hamper the market growth.
Mobile Food Services Market Geographical Outlook:
The North American region is expected to have a significant market share due to the presence of major market players. According to the Food and Agriculture Organization of the United Nations, about 2.5 billion people around the world purchase food from mobile food outlets every day. The Asia Pacific region is estimated to have a notable growth rate due to the rising demand for convenience food.
DRIVERS
Rising demand for convenience foods
RESTRAINTS
Stringent Government Regulations
INDUSTRY UPDATE
As per July 2019 updates, Yum Brands increasingly focuses on various digital initiatives and re-franchising efforts to drive its top and bottom lines.
Mobile Food Services Market Segmentation
The mobile food services market has been analyzed through the following segments:
- By Mobile Food Unit
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- Trails/ Trucks
- Pushcarts
- Others
- By Geography
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- North America
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-
- USA
- Canada
- Mexico
-
-
- South America
-
-
- Brazil
- Argentina
- Others
-
-
- Europe
-
-
- Germany
- France
- United Kingdom
- Spain
- Others
-
-
- Middle East and Africa
-
-
- Saudi Arabia
- Israel
- Others
-
-
- Asia Pacific
-
-
- China
- Japan
- South Korea
- India
- Others
-
Updated on: Jan 10, 2025
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