North American meals truck market to achieve $137.19 million in income by 2031: Astute Analytica

North American food truck market to reach $137.19 million in revenue by 2031: Astute Analytica

New Delhi, April 04, 2023 (GLOBE NEWSWIRE) — The North American meals truck market was valued at $23.87 million in 2022 and is projected to achieve $137.19 million by 2031, with a progress at a CAGR of 18.47% through the forecast interval of 2023-2031.

The North American meals truck market has skilled important progress in recent times, pushed by elements similar to altering client preferences, elevated urbanization, and a rising curiosity in avenue meals. The market has additionally been impacted by authorities laws, which have each supported and hindered the {industry}’s progress. Moreover, the market is seeing a rise in demand for cellular meals vans that cater to particular dietary wants, similar to vegan and gluten-free choices. This development is anticipated to proceed within the coming years, offering progress alternatives for firms providing specialty meals merchandise.

Get a free pattern copy of this report @

Based on the Nationwide Restaurant Affiliation (NRA), there have been roughly 25,500 meals vans in operation in the US in 2021, with an estimated $1.2 billion in annual income within the meals truck market. In Canada, the meals truck {industry} has additionally grown considerably in recent times, with roughly 6,000 meals vans working throughout the nation.

The variety of new meals vans added every year in North America is steadily growing. In the US, it’s estimated that over 2,000 new meals vans are added every year, whereas in Canada the quantity is round 500. This means a wholesome and rising market, with extra alternatives for brand spanking new entrepreneurs to enter the {industry}.

Meals truck costs within the North American meals truck market differ extensively relying on elements similar to location, menu choices, and the standard of substances used. Nonetheless, general, meals truck meal costs have remained comparatively secure in recent times. Based on an NRA survey, the typical value of a meals truck meal in the US in 2021 was $11.60.

Authorities laws are leaving a combined constructive and destructive affect on the North American meals truck market

Authorities laws have performed a major function in shaping the meals truck {industry} in North America. In recent times, many cities and states have handed legal guidelines that assist meals vans extra, making them simpler to function and growing the variety of locations they will promote their merchandise. For instance, some cities have created designated zones for meals vans or have allowed meals vans to function in public parks. This has enabled meals vans to achieve new clients and broaden their companies.

Nonetheless, laws also can create challenges for operators within the North American meals truck market. Many cities require meals vans to acquire permits, endure inspections, and adjust to particular well being and security laws. These necessities could be expensive and time-consuming, and may make it tougher for brand spanking new meals vans to get to market. Moreover, some cities have restrictions on the variety of meals vans that may function in a given space, which may restrict competitors and make it tougher for established meals vans to broaden their companies.

The affect of presidency laws on meals truck gross sales in North America has been combined. Whereas laws can create challenges for meals truck operators, they will additionally present necessary client protections and create alternatives for progress within the {industry}. For instance, laws that require meals vans to endure common inspections and preserve excessive well being and security requirements will help construct client belief within the {industry}, which may in the end result in elevated gross sales.

Field Vans will contribute over 15% of income to the North American meals truck market

In recent times, vans have emerged as a well-liked possibility within the North American meals truck market, producing over 15% of market income. Field vans provide a number of advantages over conventional meals vans, together with bigger space for storing, customizable interiors, and the flexibility to accommodate extra employees and gear. Based on native organizations such because the Nationwide Meals Truck Affiliation, there was a major enhance within the variety of vans working available on the market, with many new gamers getting into the {industry} with such a car. This development could be attributed to the rising demand for meals vans that provide a wider vary of meals choices and bigger seating areas.

The vans additionally present a platform for meals entrepreneurs to broaden their choices past conventional avenue meals, catering to a wider vary of consumers with upscale, gourmand choices. The bigger dimension of the vans additionally permits them to attend bigger occasions, similar to music festivals and sporting occasions, the place they will generate important revenue.

Moreover, vans are sometimes used for catering providers, offering a handy and cellular possibility for company occasions, weddings and different non-public features within the meals truck market. This market phase is anticipated to develop over the subsequent few years, with extra companies and people choosing meals vans as a hassle-free and cost-effective catering resolution.

Browse the report abstract and full abstract (ToC):

High 5 Gamers Maintain About 30.10% Income Share of North American Meals Truck Market

The North American meals truck market is extremely aggressive, with quite a few gamers working to produce a variety of merchandise to customers. A current research discovered that main market gamers have adopted numerous aggressive methods, similar to mergers and acquisitions, to ascertain a powerful foothold within the rising market. These main firms are additionally increasing their geographic boundaries by buying smaller manufacturers and nationwide firms.

Regardless of the presence of numerous gamers, the cumulative market share of the most important gamers is near 30.10% within the North American meals truck market, indicating the existence of monopolistic competitors out there. Main gamers within the North America market embody Bostonian Physique, Inc, EasyTracGPS, Inc, M&R Trailers, MSM Catering Vans Manufacturing and Roaming Starvation.

Roaming Starvation is a serious participant out there, with a major market share of over 8.9% by way of income. The corporate has established itself as a number one supplier of cellular meals options, catering to a variety of occasions and events together with company occasions, weddings, festivals and extra. The corporate has earned a repute for its wide selection of meals choices, from basic avenue meals to gourmand dishes, catering to completely different tastes and preferences. The corporate has additionally leveraged expertise to boost its providing, with an easy-to-use on-line ordering platform and cellular app that permits clients to find and order from their favourite meals vans.

Along with mergers and acquisitions, the main firms within the North American meals truck market are additionally investing closely in product improvement and innovation to remain forward of the competitors. With rising client demand for wholesome, natural meals, firms are specializing in creating new and modern meals merchandise that cater to this development.

A number of the finest gamers out there are:

  • Bostonian Corps, Inc.
  • EasyTracGPS, Inc.
  • Meals Truck Firm BV
  • Futurist trailers
  • Good meals truck firm
  • M&R trailers
  • Manufacturing of MSM catering vans
  • Status Meals Truck
  • Wandering starvation
  • The Fud Trailer Firm
  • United Meals Truck United LLC
  • VS Particular Automobiles
  • Different prime gamers

Immediately buy a duplicate of the report with TOC @

About Astute Analytica

Astute Analytica is a worldwide analytics and consulting agency that has constructed a strong repute in a brief interval, due to the tangible outcomes we now have delivered to our purchasers. We pleasure ourselves on producing unmatched, in-depth, and terribly correct estimates and projections for our extremely demanding purchasers unfold throughout a number of verticals. We’ve got a protracted checklist of happy and repeat clients from a broad spectrum together with Know-how, Healthcare, Chemical substances, Semiconductor, FMCG and lots of extra. These completely happy clients come to us from everywhere in the world. They’re able to make well-calibrated choices and exploit extremely worthwhile alternatives whereas overcoming fierce challenges, all as a result of we analyze for them the advanced enterprise atmosphere, current and rising prospects by phase, expertise backgrounds, progress estimates and even strategic decisions accessible. Briefly, a whole package deal. All that is potential as a result of we now have a extremely certified, competent and skilled group of pros made up of enterprise analysts, economists, consultants and expertise specialists. In our precedence checklist, you, our patron, come to the highest. You could be assured of the perfect value-added and reasonably priced package deal from us, if you happen to resolve to have interaction with us.

Contact us:
Aamir Beg
BSI Enterprise Park, H-15, Sector-63, Noida- 201301- India
Telephone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Remainder of the world)
Electronic mail: gross
Web site: