4.1m People employed in the agri-food sector in Q1 2022, 13.4% of GB employment. The barbecue & snacks segment is projected to register a significant CAGR from 2021 to 2028. Data was previously from Defras Family Food Report (a module of ONSs Living Costs and Food Survey, however the data above is from Kantar Worldpanel. Over 34% of food truck chefs regularly experiment with their menu. For the purpose of this study, Grand View Research has segmented the global food trucks market report on the basis of type, size, food type, and region: Type Outlook (Revenue, USD Million, 2016 - 2028), Size Outlook (Revenue, USD Million,2016 - 2028), Food Type Outlook (Revenue, USD Million,2016 - 2028), Regional Outlook (Revenue, USD Million,2016 - 2028). 50% of consumers are buying street food Food trucks are the fastest growing business in Florida Download the data for this chart in .csv format: 1.03 KB. IBISWorld's statistic shows that as of 2023 the market size of the Food Trucks industry is $1.5bn an increase of 0.42% from 2022. There were approximately 8,285 small and medium enterprises (including micro, small and medium) in the food and drink sector with turnover of just under 22 billion and 148,000 employees in 2022. The Consumer Prices Index including owner occupiers housing costs (CPIH) is the most comprehensive measure of inflation. Please create an employee account to be able to mark statistics as favorites. The report focuses on the Food Trucks market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends.. As of 2022, the global Food Truck market was estimated at . This includes a slow down in 2020 due to COVID, but the industry is back on a growth trajectory post COVID. This statistic is not included in your account. Lockdown: After the Prime Ministers announcement on 23 March to restrict movement and enforce a stay at home period to prevent the spread of the virus, people may have purposefully decreased the amount of time spent outside the home in order to reduce the risk of contracting the virus. While the recession put the brakes on the broader food-services sector from 2008 to 2009, it was in fact a boon for food truck industry growth as consumers sought to maximize their disposable income by indulging in small conveniences such the affordable gourmet food. Free upgrade to enterprise license (allows to share across all company locations), 5. The other food products category (SIC code 0108) was the second largest with a value of 5.7 billion in the same year; contributing 20% to the total food and drink manufacturing GVA. For instance, Soulgood, U.S., offers plant-based Mexican food including tacos, tamales, and burgers, and has served more than a million consumers since its launch in 2019. Retailing accounted for 30.2% of jobs in this sector in Q4 2022 and decreased by 0.4% from a year earlier, or around 5,000 jobs. However, this was adjusted to $659 billion, incurring $240 billion in losses due to the pandemic. The growing inclination of consumers towards gourmet offerings and unique food concepts is projected to propel the demand for food trucks. The UKFSR examines past, current, and predicted trends relevant to food security to present the best available understanding of food security at the time of publication. The study also revealed that the flexibility to move the kitchen to prime areas, as well as events, has resulted in the food truck industry outgrowing the restaurant industry by a profit margin of more than 7%.