PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742668
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742668
The Global Mobile Food Services Market is expected to grow from US$8.890 billion in 2025 to US$13.032 billion in 2030, at a CAGR of 7.95%.
Mobile Food Services Market Trends:
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.
Mobile Food Services Market Geographical Outlook:
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.
Mobile Food Services Market Drivers:
Mobile Food Services Market Restraint:
The mobile food services market has been analyzed through the following segments: