Food Truck Market Strategic Analysis and Growth Opportunities

Food Truck Market Growth with Logistics & Distribution Solutions

The food truck market is forecast to grow from USD 5.82 billion in 2025 to USD 10.09 billion by 2034, driven by a CAGR of 6.34% from 2025 to 2034.The rapid investment by entrepreneurs to start small food businesses coupled with the increasing demand for medium sized food trucks is playing a vital role in shaping the industry in a positive direction.

Also, the growing popularity of fast-food items among young people aged between 18-33 years along with rise in number of food truck manufacturing companies has contributed to the overall industrial expansion. The rising adoption of electrically-powered food trucks as well as increasing vegan population in western nations is expected to create growth opportunities for the market players in the upcoming years to come.

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Introduction

The food truck market is a prominent segment of the automotive industry. This industry deals in manufacturing and distribution of food trucks in different parts of the world. There are several types of food trucks developed in this sector comprising of expandable, boxes, buses & vans, customized trucks and some others. These trucks are available in different sizes in the market including small, medium and large. It is designed to deliver numerous types of food items consisting of barbecue & snacks, fast food, desserts & confectionary, bakery, vegan & meat plant and some others. The growing sales of baked food items in several countries such as the U.S, i has contributed to the overall industrial expansion. This market is expected to rise significantly with the growth of the food and beverage sector around the globe.

• According to the Government of Canada, the U.S. baked goods sales was valued at US$ 82.9 billion in 2022 that is expected to reach US$ 97.7 billion by 2026. (Source: Canada)

Highlights of the Food Truck Market

• Europe generated highest revenue of the food truck market.
• Asia Pacific is expected to grow with the highest CAGR during the forecast period.
• By type, the boxes segment held the largest share of the market.
• By type, the buses and vans segment is expected to grow with the fastest CAGR during the forecast period.
• By truck size, the medium segment dominated the industry.
• By truck size, the large segment is expected to rise with the highest CAGR during the forecast period.
• By food, the fast food segment captured the highest share of the market.
• By food, the barbeque and snacks segment is expected to grow with a substantial CAGR during the forecast period.

Key Metrics and Overview

What are the Trends of the Food Truck Market in 2025?

The major trends in this market consists of partnerships, night food truck services and growth in the tourism sector.

• Partnerships

Several market players are partnering with each other for developing new food trucks with advanced features.

• Night Food Truck Services

Numerous startup companies are launching night-based food truck services in developed nations to enhance night life experience.

• Growth in the Tourism Sector

The government of several countries such as the U.S., UK, India, Singapore and some others are launching new initiatives to develop the tourism sector.

Type Insights

How did the Boxes segment Led the Food Truck Market in 2025?

The boxes segment dominated the market. The growing demand for box-type food trucks from restaurant chains for enhancing their distribution channel in isolated areas has boosted the market expansion. Additionally, the flexibility and adaptability of these food trucks coupled with rapid investment by market players for developing boxy food trucks is playing a vital role in shaping the industrial landscape. Moreover, partnerships among market players and food companies for deploying box-type food trucks is expected to propel the growth of the food truck market.

The buses and vans segment is expected to rise with the fastest CAGR during the forecast period. The rising demand for buses and vans for operating food services has boosted the industrial growth. Also, the growing adoption of these food trucks due to their mobility and low cost as compared to other food trucks is shaping the industry in a positive direction. Moreover, the rapid deployment of food vans by startup companies to deliver a wide range of food items is expected to drive the growth of the food truck market.

Truck Size Insights

What Made Medium to be the Most Dominant Segment of the Food Truck Market in 2025?

The medium segment led the industry. The growing adoption of medium-sized food trucks in tourist destinations such as Thailand, Vietnam, France and some others has contributed to the overall industrial expansion. Additionally, the flexibility and versatility of these food trucks to adjust according to the needs of the vendors is further adding to the market growth. Moreover, the rising demand for medium food trucks due to their low-cost and superior interior space is expected to foster the growth of the food truck market.

The large segment is expected to rise with the fastest CAGR during the forecast period. The rising demand for large-food trucks by established companies to cater a wide range of food items has boosted the market growth. Also, rapid investment by market players for developing large-sized food trucks that are equipped with numerous amenities such as ovens, smokers, grills, induction heaters and some others is playing a vital role in shaping the industrial landscape. Moreover, the growing popularity of these food trucks in various nations including China, India, Canada, Italy and some others is expected to drive the growth of the food truck market.

Food Insights

Why did the Fast Food Segment Held the Highest Share of the Food Truck Market in 2025?

The fast-food segment held the largest share of the market. The surge in demand for fast food items among middle aged population has increased the application of food trucks, thereby driving the market growth. Also, the increasing popularity of fast-food among office-goers due to its affordability and convenience is playing a crucial role in shaping the industrial landscape. Moreover, collaborations among restaurant chains and food truck companies for opening fast-food truck services is expected to drive the growth of the food truck market.

The barbeque and snacks segment is expected to rise with a substantial CAGR during the forecast period. The growing popularity of several barbeque food items such as chicken, burgers, brisket, coleslaw and some others has boosted the market expansion. Additionally, the availability of snack items such as samosa, patties, nuts and some others in food trucks is contributing to the industrial growth. Moreover, partnerships among food truck providers and snack manufacturers is expected to propel the growth of the food truck market.

Geographical Insights

Why Europe Dominated the Food Truck Market in 2025?

Europe led the food truck market. The increasing popularity of several food items such as paella, goulash, currywurst, moules-frites, pizzas and some others in Europe has boosted the market expansion. Additionally, the rapid investment by restaurant chains for deploying food trucks to expand their business coupled with numerous government initiatives aimed at strengthening the tourism sector is contributing to the overall industrial growth. Moreover, the presence of several market players such as VS Veicoli Speciali, Futuristo Trailers, Whitby Morrison, Pizzeria Loco and some others is expected to boost the growth of the food truck market in this region.

• In December 2024, Pizzeria Loco launched a food truck in London. This truck is designed for catering different types of Pizzas to the people of this nation. (Source: Theburn)

Italy dominated the market in this region. The growing adoption of street food by the inhabitants coupled with rise in number of fast-food startups has contributed to the industrial expansion. Additionally, rapid growth of international tourism along with rising disposable income is further contributing to the market growth.

Asia Pacific is expected to rise with the highest CAGR during the forecast period. The rising demand for affordable food items in several countries such as China, India, Singapore, Australia and some others has driven the market growth. Additionally, the growing interest of consumers towards street food along with rise in number of food truck businesses in Japan has contributed to the overall industrial expansion. Moreover, the presence of several food truck companies such as Imerys Group, Oriental Shimao, HungryWheels, Street Bites Japan and some others is expected to propel the growth of the food truck market in this region.

• In December 2024, Imerys Group partnered with TREEI Foundation. This partnership is done to launch a LGBTQ-based food truck service in Maharashtra, India. (Source: TheCSRUniverse)

Japan led the market in this region. In Japan, the market is generally driven by the presence of several food truck service providers along with rise in number of international visitors. Also, the increasing popularity of numerous food items such as ramen, sushi, tempura, yakitori and some others among local population is further adding to the industrial expansion.

Industry Leader Announcement

• In March 2025, Dave Zasada, the Vice President at Intuit made an announcement stating that,” The Intuit food truck program is more than just a vehicle; it’s a mobile classroom designed to equip students with real-world skills that translate directly into future careers and business ownership, by integrating financial literacy and entrepreneurship education into hands-on experiences, we are preparing students for success beyond high school.”

Competitive Landscape

The food truck market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of The Fud Trailer; Food Truck Company; Prestige Food Trucks; United Food Truck; M&R SPECIALTY TRAILERS AND TRUCKS; Veicoli Speciali; Futuristo trailers; MSM CATERING TRUCKS MFG. INC.; and Bostonian Body, Inc and some others. These companies are constantly engaged in manufacturing food trucks and adopting numerous strategies such as acquisitions, joint ventures, partnerships, collaborations, launches and some others to maintain their dominance in this industry.

Recent Developments

• In June 2025, Mayor Michelle Wu launched a new food truck program. This new food truck program is designed for enhancing the nightlife of Boston, U.S. (Source: Boston)
• In June 2025, Cousins Maine Lobster (CML) launched a new food truck service in Wisconsin. This food truck service is designed to cater the Milwaukee community. (Source: PR Newswire)
• In June 2025, ACME Chicken Bowls launched a food truck service in Owensboro and Evansville. This service is launched for delivering providing high protein meals to the consumers of the U.S. (Source: The Owensboro Times)

Food Truck Market Segments

By Type

• Expandable
• Boxes
• Buses & Vans
• Customized Trucks
• Others

By Truck Size

• Small
• Medium
• Large

By Food

• Barbecue & Snacks
• Fast Food
• Desserts & Confectionary
• Bakery
• Vegan & Meat Plant
• Others

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• The Middle East and Africa