Food Truck Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Food Truck Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Food Truck Market Size During the Forecast Period?
There has been a robust expansion in the food truck market size in the past few years. The market is projected to escalate from $4.04 billion in 2024 to $4.36 billion in 2025, enhancing at a compound annual growth rate (CAGR) of 7.9%. Factors contributing to the growth during the historic period include food variety, urban growth, the proliferation of social media platforms, the prevalence of food truck festivals and events, government backing for small enterprises, and the widespread use of mobile food ordering applications.

The market size of the food truck industry is projected to experience robust expansion in the upcoming years. The industry's value is estimated to reach $5.8 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.4%. Factors such as health and sustainability, contactless payments, ghost kitchens, the rising trend of convenience dining, and the demand for customized food experiences contribute to the growth during the forecast period. Technological integration, gourmet and fusion food, health-centric menus, virtual food truck developments, and community events are crucial trends that will shape the upcoming forecast period.

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What Are the High-Growth Segments in the Food Truck Market?
The food truck market covered in this report is segmented -

1) By Type: Expandable, Boxes, Buses And Vans, Customized Trucks, Other Types
2) By Size: Small, Medium, Large
3) By Application: Fast Food, Vegan And Meat Plants, Bakery, Other Applications

Subsegments:
1) By Expandable: Pop-Up Food Trucks, Folding Food Trucks
2) By Boxes: Standard Food Trucks, Trailer Food Trucks
3) By Buses and Vans: Food Buses, Food Vans
4) By Customized Trucks: Fully Customized Food Trucks, Semi-Customized Food Trucks
5) By Other Types: Pushcarts, Kiosks

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What Key Drivers Are Expected to Influence Future Food Truck Market Growth?
The upsurge in street food interest is anticipated to foster the escalation of the food truck market. Street food embodies the category of prepared, or ready-to-eat dishes sold by peddlers or vendors in public areas. Due to its cost-effectiveness compared to established restaurant fares, it becomes an appealing choice for budget-conscious consumers. Food trucks, which are an efficient medium for selling street food, present numerous benefits over typical brick-and-mortar eateries, like accessibility to a more extensive clientele and adaptable working hours. For example, in 2023, Tastewise, an Israeli firm providing an AI-powered data platform for food & beverage, reported around 3274 restaurants incorporating street food in their menus, while chatter about street food rose from 0.228% in December 2022 to 0.2733% in March 2022. Hence, the escalating fondness for street food is stimulating the expansion of the food truck market. The food truck market is further expanding due to the mounting need for social media platforms. These are online digital tools that allow the development, dissemination, and exchange of user-generated content. In terms of food trucks, social media platforms prove to be influential by enabling them to target a larger audience, advertise their products, and converse with customers. Food trucks routinely publicise their menus, daily offers, and special deals on social media, employing appealing food photos to allure potential customers by providing a sneak peek of what's on offer. For example, according to the Search Engine Journal, a US-based website providing current information for businesses, marketers, and SEOs, reported in July 2023 that there was an increase of 150 million social media users from April 2022 to April 2023, a year-on-year increase of 3.2%. It records that out of 4.8 billion social media users worldwide, 59.9% form a part of the global population and 92.7% of all internet users. Hence, the growing demand for these platforms is further fuelling the growth of the food truck market.

Which Companies Hold the Largest Share Across Different Food Truck Market Segments?
Major companies operating in the food truck market are KFC Corporation, The Fud Trailer, VS Veicoli Speciali, International Dairy Queen Inc., McDonald's Corporation, Jack in the Box Inc., Starbucks Corporation, Chick-fil-A Inc., Taco Bell Corporation, Bostonian Body Inc., Domino's Pizza Inc., Futuristo Trailers Manufacturer, United Food Trucks LLC, Baskin-Robbins Group Inc., Toppers Pizza, Mallaghan Engineering Ltd., Kogi Korean BBQ, Prestige Food Trucks, MRA Mobile Experiential, EasyTracGPS Inc., Cafe2U Pty Ltd., Roaming Hunger Inc., Kona Ice Inc., Custom Concessions, Food Truck Company B.V., M&R SpecialityTrailers And Trucks, MSM Catering Trucks Manufacturing Inc., Good Food Truck Company, World Street Kitchen.

What Trends Are Driving Growth in The Food Truck Market?
Key players in the food truck industry are concentrating on the creation of novel products like fuel cell food trucks, presenting a greener and more energy-saving alternative to orthodox diesel-fueled vehicles. Fuel cell food trucks are vehicles driven by hydrogen fuel cells that produce electricity via a chemical reaction between hydrogen and oxygen, providing an environmentally-friendly energy source as opposed to traditional diesel or gasoline engines. For example, in April 2023, an Australian manufacturing firm, Toyota Australia, introduced the FCV Express Diner. This mobile food truck idea from Toyota, powered by hydrogen fuel cell technology, demonstrates the adaptability of hydrogen as a green energy answer. It utilizes the same powertrain as the second-generation Mirai sedan, promising a range of approximately 400 km and supplying electrical power for cooking and other external requirements.

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What Are the Emerging Geographies for The Food Truck Market Growth?
North America was the largest region in the food truck market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food truck market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Truck Market?
2. What is the CAGR expected in the Food Truck Market?
3. What Are the Key Innovations Transforming the Food Truck Industry?
4. Which Region Is Leading the Food Truck Market?

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