Mobile Food Services Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Mobile Food Unit (Trails/ Trucks, Pushcarts, Others), And By Geography – Forecast From 2019 To 2024

Published:  May 2021 Report Code: KSI061612782 Pages: 126

The global mobile food service market is projected to grow at a CAGR of 11.76% to reach a market size of US$5.483 billion in 2024, from US$2.814 billion in 2018. 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. 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 Scope:

Report Metric Details
 Market size value in 2018  US$2.814 billion
 Market size value in 2024  US$5.483 billion
 Growth Rate  CAGR of 11.76% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Mobile Food Unit, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Subway, Yum Brands, Restaurant Brands International, Cousins Maine Lobster, Bharat Hotels Ltd., Luke's Lobster Holding LLC, Azimuth Business on Wheels Pvt. Ltd., Kogi Korean BBQ
 Customization scope  Free report customization with purchase

SEGMENTATION

The mobile food services market has been analyzed through the following segments:

By Mobile Food Unit

Trails/ Trucks

Pushcarts

Others

By Geography

North America

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

 


Frequently Asked Questions (FAQs)

Q1. What will be the mobile food service market size by 2024?

A1. The global mobile food service market is projected to reach a total market size of US$5.483 billion by 2024.

Q2. What is the size of global mobile food service market?

A2. Mobile Food Service market was valued at US$2.814 billion in 2018. 

Q3. What are the growth prospects for mobile food service market?

A3. The mobile foodservice market is projected to grow at a CAGR of 11.76% over the forecast period.

Q4. What factors are anticipated to drive the mobile food service market growth?

A4. The mobile food services market is expected to have a significant growth rate driven by increasing demand for convenience food. 

Q5. Which region holds the largest market share in the mobile food service market?

A5. The North American region is expected to have a significant share in the mobile foodservice market due to the presence of major market players. 

1. Introduction
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Mobile Food Service Market By Mobile Food Unit
5.1. Trails/ Trucks
5.2. Pushcarts
5.3. Others
6. Mobile Food Service Market By Geography
6.1. North America
6.1.1. USA
6.1.2. Canada
6.1.3. Mexico
6.2. South America
6.2.1. Brazil
6.2.2. Argentina
6.2.3. Others
6.3. Europe
6.3.1. Germany
6.3.2. France
6.3.3. United Kingdom
6.3.4. Spain
6.3.5. Others
6.4. Middle East And Africa
6.4.1. Saudi Arabia
6.4.2. Israel
6.4.3. Others
6.5. Asia Pacific
6.5.1. China
6.5.2. Japan
6.5.3. South Korea
6.5.4. India
6.5.5. Others
7. Competitive Intelligence
7.1. Competitive Benchmarking and Analysis
7.2. Recent Investments And Deals
7.3. Strategies of Key Players
8. Company Profiles
8.1. Subway
8.2. Yum Brands
8.3. Restaurant Brands International
8.4. Cousins Maine Lobster
8.5. Bharat Hotels Ltd.
8.6. Luke’s Lobster Holding LLC
8.7. Azimuth Business On Wheels Pvt. Ltd.
8.8. Kogi Korean BBQ
8.9. Oink & Moo BBQ
LIST OF FIGURES
LIST OF TABLES
Subway
Yum Brands
Restaurant Brands International
Cousins Maine Lobster
Bharat Hotels Ltd.
Luke's Lobster Holding LLC
Azimuth Business on Wheels Pvt. Ltd.
Kogi Korean BBQ

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