Global Mobile Food Service Market - Forecasts from 2018 to 2023

The global mobile food service market was valued at US$XX billion in 2017 and is projected to expand at a CAGR of XX.XX% over the forecast period to reach US$XX billion by 2023. Mobile food service is the business of selling prepared food from some sort of vehicle. It is a feature of urban culture in many countries. The food service is performed using food trucks, trails, carts and etc. Rapid urbanization, rising disposable income and changing consumer preference are the key driving factors that are boosting the mobile food service market’s growth. According to the Food and Agriculture Organization of United Nations, about 2.5 billion people around the world purchase food from mobile food outlets every day. The market is expected to grow at a steady pace owing to the increasing consumption of fast food and unconventional food and promotion of new products by companies. However, stringent regulations related to food safety is one factor that can restrain the growth of this market.

By Mobile Food Unit

By mobile food unit, the global mobile food service market has been segmented into trails or trucks, pushcarts, knockdown concession, mobile cooker and frozen food trucks/carts. Food trucks hold the major share in the market and are popular due to their convenience, adaptability and low barrier of entry. In major markets like Los Angeles, San Fransico, and New York, food trucks are everywhere.

By Type of Product

By the type of product, the global mobile food service market has been segmented into food and beverages. Mobile food service units sell a variety of food and beverages such as fast foods, Mexican food, Chinese, coffee and etc depending upon the location in which they sell the products.

By Geography

Geographically, the global mobile food service market has been segmented into North America, Europe, Middle East & Africa, Asia-Pacific and South America region. North America and Europe hold the major share in the market owing to the prevalence of fast food culture and presence of majority players in the region.

Competitive Intelligence

The global mobile food service market is highly competitive owing to the presence of a large number of private players in the market, low barrier of entry for new players, and rising competition among players to offer unique food product items. The mobile food service players compete with traditional brick- and- mortar restaurants, specialty eateries, grocery as well as conveniant stores that sell snacks and other prepared food items.  The major players are Grilled Cheeserie, Fukuburger Truck, Brindisa Stall, Pizza Pilgrims, Ms. Cheezious, Scotties, Luardos, Cinammon snail, OINK and MOO BBQ, and Sud Italia.

Segmentation

The global mobile food service market has been analyzed through following segments:

By Mobile Food Unit

Trails/ Trucks

Pushcarts

Knockdown Concession

Mobile Cooker

Frozen Food trucks/Carts

By Product

Food

Beverages

By Geography

North America

United States

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

Germany

France

Italy

United Kingdom

Others

Middle East and Africa

Israel

Saudi Arabia

UAE  

Others

Asia Pacific

Japan

China

India

Australia

South Korea

Others

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants

Key insights offered:

What will be the global mobile food service market size from 2018 to 2023?

How are the major drivers and restraints affecting the global mobile food service market growth and the opportunities which exist for key      vendors?

What are the business risks and threats involved in the mobile food service market?

Which segment of the market and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants’ behavior

Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.

Analysis on growth opportunities in different applications and regions of mobile food services

Analysis of competitive intensity of the industry based on Porter’s Five force model