Street Vendors in the US
The Street Vendors industry has grown substantially over the five years to 2019 due to renewed consumer demand for unique and gourmet food products. This trend gained momentum as the fast food and food service industries slowed down, as a result of changing consumer tastes and heightened competition. Over the five years, many consumers have increased their spending on eating out; nevertheless, many people have still opted for lower-priced items and convenience. Despite strong recent growth, demand is expected to slow down over the next five years as this recent fad slowly subsides and the industry becomes oversaturated. However, there are still opportunities for sustained growth in major metropolitan areas that can support the rush of interest that the industry has benefited from over the past five years.
This industry comprises establishments primarily engaged in preparing and serving meals and snacks for immediate consumption from motorized vehicles or nonmotorized carts. An establishment is the main location from which the caterer route is serviced, not each cart or vehicle. Included in this industry are establishments primarily engaged in providing food services from vehicles, such as hot dog carts and ice cream trucks.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook