Food Truck Market Size and Share

Food Truck Market (2026 - 2031)
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Food Truck Market Analysis by Mordor Intelligence

The food truck market size is valued at USD 4.71 billion in 2026 and is projected to reach USD 6.46 billion by 2031, reflecting a 6.52% CAGR from 2026 to 2031. Demand momentum is anchored in consumers’ shift toward convenient, lower-priced prepared meals, with mobile vendors capturing traffic from brick-and-mortar quick-service outlets and third-party delivery providers. Regulatory incentives that favor low-overhead retail, growth in urban events, and social-media-driven discovery reinforce the channel’s appeal. Simultaneously, the rising interest in electric vehicles is reshaping fleet investments as operators seek to comply with increasingly stringent emission regulations. Competitive intensity remains high because thousands of independents and emerging franchise chains coexist, yet the opportunity to scale through turnkey systems and semi-permanent pods continues to widen.

Key Report Takeaways

  • By vehicle type, vans led the food truck market with 46.20% of the market share in 2025; trucks are projected to expand at a 19.05% CAGR through 2031.
  • By length, the 14 to 22-ft segment accounted for a 53.75% share of the food truck market size in 2025, while vehicles over 22 ft are poised for a 10.45% CAGR through 2031.
  • By cuisine, fast food retained 48.30% of the food truck market share in 2025; plant-based concepts are projected to grow at a 15.40% CAGR through 2031.
  • By ownership model, independent operators held 62.10% of the food truck market share in 2025; franchise chains recorded the fastest growth at 12.15% CAGR through 2031.
  • By powertrain, internal-combustion units represented 87.50% of 2025 sales in the food truck market; yet, all-electric alternatives are the fastest-growing, with a 19.05% CAGR through 2031.
  • By service model, roaming/event operations controlled 60.90% of the food truck market share in 2025; semi-permanent pods are advancing at 8.75% CAGR to 2031. 
  • By geography, North America led with a 40.80% of the food truck market share in 2025, while the Asia-Pacific region is the fastest-growing, with a 10.50% CAGR through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Vehicle Type: Vans Dominate, Electric Variants Surge

Vans accounted for 46.20% of the food truck market share in 2025, confirming their suitability for dense urban routes and easier parking regulations. Larger food truck market size prospects now lie in electric vans, forecasted to grow at a 12.25% CAGR through 2031, as public-sector procurement limits favor zero-emission light-duty vehicles. Operators appreciate the balance of galley capacity and maneuverability in vans, while trailers are more suitable for festival routes that permit the on-site detachment of prime movers. Full-size trucks offer ample space for complex kitchens, but they also incur higher fuel and parking costs. Carts and tuk-tuks fill coffee, dessert, and single-item niches at substantially lower capital outlays.

NREL’s T3CO modeling tool helps owners optimize battery sizing and charging windows, supporting adoption decisions. In Maryland field trials, Joule Case-equipped vans logged full-service days without generators, resulting in a 60-70% reduction in fuel consumption. Such evidence suggests a tipping point at which electric vans will begin to shift market share away from diesel platforms in the food truck market.

Food Truck Market: Market Share by Vehicle Type
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By Length: Mid-Size Sweet Spot Encourages Functional Versatility

Units between 14 and 22 feet captured 53.75% of the food truck market share in 2025, reflecting municipal length caps that favor standard parking bay compatibility. The 22-plus-foot cohort, projected to grow at a 10.45% CAGR through 2031, targets corporate campuses and multi-day festivals where throughput demands larger production lines.

Mid-size units benefit from ordinances such as Pasco, Washington’s 2024 rule, which designates dedicated food-truck parks, allowing year-round trade without the need for repeated applications. Bozeman, Montana’s program, priced at USD 800-1,050 per month, confirms that utilities-inclusive pads can improve daily economics and shorten breakeven timelines.

By Cuisine/Menu: Plant-Based Concepts Outpace Traditional Fast Food

Fast-food menus accounted for 48.30% of the food truck market share in 2025; however, growth momentum is shifting toward vegan and plant-based formats, projected to grow at a 15.40% CAGR through 2031. Demand is underpinned by Generation Z and Millennials who prefer sustainable proteins and global flavors. Urban diversity drives the popularity of ethnic and fusion offerings. The demand for instant noodles continues to grow, reflecting a preference for familiar staples in convenient formats.

Conagra's analysis of street-ready items highlights a significant rise in bao buns, showcasing how viral dishes can boost average checks. Dessert and bakery trucks thrive on impulse purchases at events, often achieving premium pricing. As traditional fast-food experiences slight declines, food trucks with distinctive menus gain a competitive edge.

By Ownership Model: Franchises Scale, Independents Persist

Independent owners represented 62.10% of the food truck market share in 2025, benefiting from menu agility and low licensing fees. Yet, franchise chains are forecasted to grow at a 12.15% CAGR through 2031 because turnkey playbooks de-risk entry and compress launch timelines. Kona Ice illustrates scalability by combining route optimization with centralized procurement, while King of Pops leverages brand equity to negotiate bulk ingredient prices.

Institutional fleets at hospitals and universities, though small in count, provide dependable weekday volumes and can pre-book months of service. Rising labor and food inflation since 2019 have eroded single-unit margins, nudging owners to adopt group purchasing or join franchise networks to stay competitive within the broader food truck market.

By Powertrain: Electric Units Gain Despite ICE Dominance

Internal-combustion powertrains comprised 87.50% of the food truck market share in 2025, yet all-electric units are projected to grow at a 19.05% CAGR through 2031. The EU procurement mandate accelerates transition by limiting public contracts to zero-emission vehicles. NREL cost-of-ownership modeling indicates payback within four years under urban duty cycles, a scenario increasingly attractive as diesel surcharges rise in low-emission zones.

Hybrid systems offer an interim step, pairing combustion range with battery-powered equipment to lower idling costs by up to 30%. Battery premiums remain 30-50% higher than diesel chassis, but federal tax credits and city grants shorten amortization periods, positioning electrification as a strategic choice in the food truck market.

Food Truck Market: Market Share by Powertrain
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By Service Model: Semi-Permanent Pods Formalize Street Vending

Roaming deployments accounted for 60.90% of the food truck market share in 2025, reflecting high-margin opportunities in festival and corporate catering. Semi-permanent pods, although smaller today, are projected to grow at an 8.75% CAGR through 2031, as municipalities convert underutilized lots into vendor parks equipped with water, power, and waste services. Garland, Texas, charges USD 25 per day for hookup access, while San Francisco’s Presidio Trust commands USD 37.50 - 250 for pre-permitted spaces with marketing support.

Pods reduce set-up labor, improve sanitation compliance, and help operators build routine clientele. Roaming trucks, however, retain the flexibility to chase large-ticket events where a single weekend can equal a week of pod sales. The resulting hybrid approach—weekday pods, weekend events—reflects a maturing operational model for the food truck market.

Geography Analysis

North America contributed 40.80% of the food truck market share in 2025; the United States represents a majority of regional revenue, owing to city-level reforms that replaced lottery-based street-vending caps with merit-based licensing. Secondary metropolitan areas, such as Charlotte, Cincinnati, and Calgary, are offering commissary grants to promote culinary entrepreneurship, expanding their geographical reach beyond traditional hubs like Los Angeles and New York. Canada’s multicultural urban centers continue to embrace diverse cuisine options, while its colder climate creates seasonal revenue peaks from May to September.

The Asia-Pacific region represents the fastest-growing arena, with a 10.50% CAGR through 2031, as urban population expansion meets an ingrained street-food heritage. China’s pilot “mobile snack streets” legalize previously informal vendors, pairing the ubiquity of QR-code payments with modern hygiene oversight. India’s Smart City Mission funds modular vending zones outfitted with shared waste, water, and electricity, elevating baseline operating standards. Indonesia, Thailand, and Vietnam display similar momentum, buoyed by tourism rebounds and middle-class dietary experimentation. Fragmented regulations remain a hurdle; however, lower labor expenses and domestic chassis manufacturing help temper start-up costs.

Europe's sustainability mandates are reshaping its landscape. The EU's Clean Vehicles Directive requires member states to adopt zero-emission procurement quotas, steering operators towards battery-electric fleets. Portugal has simplified vendor notification processes, allowing entrepreneurs to register online for free. Meanwhile, the United Kingdom is experiencing permit delays due to a decline in environmental health staffing.

In South America, Brazil and Argentina are introducing new federal regulations to formalize street vending. These rules aim to streamline import procedures and reduce redundant inspections, signaling the region's potential as a burgeoning growth corridor. While the Middle East and Africa are still in their infancy, they are drawing attention, particularly around tourism hotspots such as Dubai and Johannesburg.

Food Truck Market CAGR (%), Growth Rate by Region
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Competitive Landscape

No single player dominates this fragmented sector, as operators collectively hold a limited market share. This low concentration is primarily due to the manageable startup costs and limited economies of scale associated with mobile cooking. Franchise networks, such as Kona Ice and King of Pops, utilize their brand strength, route analytics, and bulk procurement to ascend the ranks. Meanwhile, independent operators maintain agility, swiftly pivoting their menus and adapting to the changing dynamics of their neighborhoods. Technology platforms like Truckster are easing the discovery process, while Popmenu is enhancing the experience with social shopping features that encourage pre-ordering.

Understanding regulations has become a significant advantage. Operators boasting in-house compliance teams can swiftly secure multi-city permits, a feat that often eludes newcomers due to shortages of inspectors. The FDA's staffing deficiencies result in inconsistent enforcement, unintentionally allowing unlicensed vendors to undercut authorized trucks, skewing competition in specific markets. As emission zones mandate a shift to electric fleets, capital requirements are escalating. This trend favors financially robust operators who can absorb battery premiums or tap into municipal grants. Concurrently, ghost kitchen initiatives, backed by delivery platforms, are competing with virtual brands for the same share of the quick-serve market.

Franchisors have made strategic moves by acquiring shared commissaries, aiming to stabilize input costs and expand their regional presence. Independents, seeking similar advantages without relinquishing ownership, banded together to form cooperatives for better negotiations on ingredients and insurance. As the industry moves towards electrification and the rise of pods, the key to standing out will be rooted in route analytics, digital engagement, and menu creativity, rather than just the number of trucks on the road, ensuring the competitive landscape remains dynamic.

Food Truck Industry Leaders

  1. Prestige Food Trucks

  2. M&R SPECIALTY TRAILERS AND TRUCKS

  3. VS Veicoli Speciali

  4. Food Truck Company BV

  5. Cruising Kitchens, LLC

  6. *Disclaimer: Major Players sorted in no particular order
Food Truck Market Concentration
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Recent Industry Developments

  • April 2025: LSG Sky Chefs Americas announced a USD 60 million investment in 230 state-of-the-art catering trucks, bolstering its operational capabilities. These advanced trucks come fitted with intelligent cameras and anti-collision systems.
  • March 2025: Cousins Maine Lobster (CML) launched its second food truck in Upstate New York, responding to the rising demand for premium seafood. This move underscores CML's dedication to making its renowned Maine lobster dishes more accessible and convenient for local seafood aficionados.

Table of Contents for Food Truck Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Consumption of Fast-Food and Street-Food Culture
    • 4.2.2 Growing Preference for Low-CAPEX Franchising Models
    • 4.2.3 Social-Media-Driven Location Discovery and Impulse Buying
    • 4.2.4 Gourmet and Artisanal Menu Differentiation
    • 4.2.5 Municipal Shared-Commissary Programs Accelerating Permitting""
    • 4.2.6 Adoption of Zero-Emission / Electric Food Trucks Cuts OPEX
  • 4.3 Market Restraints
    • 4.3.1 Competition From Third-Party Online Delivery Platforms
    • 4.3.2 Stringent Food-Safety Regulations and Multi-Agency Compliance
    • 4.3.3 Shortage of Certified Mobile Food-Safety Inspectors
    • 4.3.4 Inflation-Driven Spike in Used Truck Chassis Prices
  • 4.4 Technological Outlook
  • 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 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts (Value (USD) and Volume (Units))

  • 5.1 By Vehicle Type
    • 5.1.1 Vans
    • 5.1.2 Trailers
    • 5.1.3 Trucks
    • 5.1.4 Carts and Tuk-tuks
  • 5.2 By Length
    • 5.2.1 Up to 14 ft
    • 5.2.2 14 to 22 ft
    • 5.2.3 Above 22 ft
  • 5.3 By Cuisine/Menu
    • 5.3.1 Fast Food
    • 5.3.2 Vegan/Plant-based
    • 5.3.3 Bakery and Desserts
    • 5.3.4 Ethnic/Fusion
    • 5.3.5 Beverage-only
  • 5.4 By Ownership Model
    • 5.4.1 Independent Operators
    • 5.4.2 Franchise Chains
    • 5.4.3 Corporate / Institutional Fleets
  • 5.5 By Powertrain
    • 5.5.1 Internal-Combustion
    • 5.5.2 All-Electric
    • 5.5.3 Hybrid
  • 5.6 By Service Model
    • 5.6.1 Roaming/Event-based
    • 5.6.2 Semi-Permanent Pods and Parks
  • 5.7 By Geography
    • 5.7.1 North America
    • 5.7.1.1 United States
    • 5.7.1.2 Canada
    • 5.7.1.3 Rest of North America
    • 5.7.2 South America
    • 5.7.2.1 Brazil
    • 5.7.2.2 Argentina
    • 5.7.2.3 Rest of South America
    • 5.7.3 Europe
    • 5.7.3.1 Germany
    • 5.7.3.2 United Kingdom
    • 5.7.3.3 France
    • 5.7.3.4 Italy
    • 5.7.3.5 Spain
    • 5.7.3.6 Russia
    • 5.7.3.7 Rest of Europe
    • 5.7.4 Asia-Pacific
    • 5.7.4.1 China
    • 5.7.4.2 India
    • 5.7.4.3 Japan
    • 5.7.4.4 South Korea
    • 5.7.4.5 Australia and New Zealand
    • 5.7.4.6 Rest of Asia-Pacific
    • 5.7.5 Middle East and Africa
    • 5.7.5.1 United Arab Emirates
    • 5.7.5.2 Saudi Arabia
    • 5.7.5.3 Turkey
    • 5.7.5.4 South Africa
    • 5.7.5.5 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Prestige Food Trucks
    • 6.4.2 Cruising Kitchens, LLC
    • 6.4.3 VS Veicoli Speciali
    • 6.4.4 M&R Specialty Trailers and Trucks
    • 6.4.5 Food Truck Company BV
    • 6.4.6 United Food Trucks United LLC
    • 6.4.7 MSM Catering Manufacturing Inc.
    • 6.4.8 Shanghai Mobile Kitchen Solutions
    • 6.4.9 Karpatia Trucks
    • 6.4.10 Custom Concessions
    • 6.4.11 Futuristo Trailers
    • 6.4.12 Legion Food Trucks

7. Market Opportunities & Future Outlook

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Research Methodology Framework and Report Scope

Market Definitions and Key Coverage

Our study defines the food truck market as all newly built, self-propelled or trailer-mounted vehicles that store, cook, and sell food or beverages directly to consumers in public and private venues. The unit must contain on-board preparation or finishing equipment and operate under a mobile foodservice license; pre-packaged vending carts or pop-up kiosks are excluded.

Scope exclusion: refitted buses used solely as static kitchens, festival-only container stalls, and ghost-kitchen delivery vans sit outside this analysis.

Segmentation Overview

  • By Vehicle Type
    • Vans
    • Trailers
    • Trucks
    • Carts and Tuk-tuks
  • By Length
    • Up to 14 ft
    • 14 to 22 ft
    • Above 22 ft
  • By Cuisine/Menu
    • Fast Food
    • Vegan/Plant-based
    • Bakery and Desserts
    • Ethnic/Fusion
    • Beverage-only
  • By Ownership Model
    • Independent Operators
    • Franchise Chains
    • Corporate / Institutional Fleets
  • By Powertrain
    • Internal-Combustion
    • All-Electric
    • Hybrid
  • By Service Model
    • Roaming/Event-based
    • Semi-Permanent Pods and Parks
  • By Geography
    • North America
      • United States
      • Canada
      • Rest of North America
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia and New Zealand
      • Rest of Asia-Pacific
    • Middle East and Africa
      • United Arab Emirates
      • Saudi Arabia
      • Turkey
      • South Africa
      • Rest of Middle East and Africa

Detailed Research Methodology and Data Validation

Primary Research

We reinforced secondary findings through discussions with truck builders, franchisors, municipal inspectors, and operator associations across North America, Europe, and Asia Pacific. Interviews and short surveys revealed realistic average selling prices, licensing hurdles, daily ticket volumes, and menu margin structures that sharpened model assumptions.

Desk Research

Our desk work began with government motor-vehicle registries, city permit databases, and customs codes that track exports of purpose-built food service vehicles. Trade bodies such as the National Food Truck Association, the European Mobile Catering Federation, and the Asia Street Food Council supplied counts of active trucks, annual closures, and regulatory updates. Analysts added insight from open financial filings, event attendance records, and tier-one media coverage to size demand drivers like urban festival growth and consumer spend on away-from-home meals. Subscription intelligence from D&B Hoovers for manufacturer revenues and Dow Jones Factiva for deal flow allowed us to benchmark producer capacity and investment trends. Patent traces from Questel confirmed technology adoption in electric drivetrains and compact kitchen layouts. This list is illustrative; many additional public and paid sources were mined to validate and clarify data points.

Market-Sizing & Forecasting

Mordor analysts built a top-down model beginning with registered food-service vehicles, adjusted for active-duty ratios, average annual sales per truck, and cuisine-specific ticket sizes, which are then cross-checked through bottom-up snapshots of manufacturer shipments and sampled ASP × volume data. Key variables like new license issuances, urban foot-traffic indices, ingredient cost inflation, festival calendar expansion, and adoption of electric powertrains feed a multivariate regression and ARIMA hybrid to forecast revenue through 2030. Gap areas in supplier roll-ups were bridged using operator density proxies and normalized revenue-per-square-foot benchmarks.

Data Validation & Update Cycle

Outputs pass variance checks against independent indicators such as point-of-sale turnover surveys and insurance policy counts. Senior reviewers flag anomalies before sign-off. The model refreshes annually, with mid-cycle updates when material regulations or macro shocks surface, ensuring clients receive our latest view.

Why Mordor's Food Truck Baseline Inspires Confidence

Published estimates often diverge because firms choose different truck definitions, pricing ladders, and refresh schedules. We address those pitfalls up front by aligning scope with licensing statutes and by updating figures every twelve months.

Key gap drivers include whether refurbished step-vans are counted, how aggressively menu price inflation is rolled forward, and if partial-year operator shutdowns are discounted. Our disciplined variable set and rapid refresh cadence reduce these distortions for decision-makers.

Benchmark comparison

Market SizeAnonymized sourcePrimary gap driver
USD 4.42 B (2025) Mordor Intelligence-
USD 5.42 B (2024) Global Consultancy AIncludes semi-permanent food pods and uses list prices without operator downtime adjustment
USD 4.40 B (2023) Industry Association BExcludes electric trailers and applies static currency rates
USD 4.52 B (2024) Regional Consultancy CRelies on voluntary operator surveys with limited Asia Pacific coverage

The comparison shows that while totals vary, Mordor's numbers sit within the observed band yet rest on transparent variables, cross-checks, and timely updates that together deliver a balanced, defensible baseline.

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Key Questions Answered in the Report

How large is the food truck market in 2026?

The food truck market size is forecast to surpass USD 4.71 billion in 2026, continuing its 6.52% CAGR trajectory toward USD 6.46 billion by 2031.

Which region expands fastest through 2031?

Asia-Pacific posts the highest CAGR of 10.50%, supported by urbanization, rising incomes, and entrenched street-food culture.

Why are franchise food trucks gaining share?

Turnkey systems, lower startup risk, and bulk procurement allow franchise operators to expand at 12.15% CAGR while independents face cost pressures.

What is the main regulatory hurdle for new entrants?

Navigating multi-agency food-safety inspections remains the most time-consuming hurdle, especially where inspector staffing is constrained.

How quickly will electric powertrains grow?

All-electric food trucks are projected to register a 19.05% CAGR between 2026 and 2031 as emission mandates tighten.

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