Global Mobile Food Services Market projected to reach USD 42.30 billion by 2033, driven by urbanization and demand for convenient food

From GlobeNewswire: 2024-08-27 03:00:00

The Global Mobile Food Services Market is projected to grow from USD 22.30 billion in 2023 to USD 42.30 billion by 2033, with a CAGR of 6.6%. Mobile food delivery has become popular for its convenience and variety of cuisines. Urbanization, changing lifestyles, and demand for easy-to-prepare foods are driving market growth.

The food truck segment dominates the market, catering to the rise of gastronomy and young people’s preference for new eating experiences. The food segment is expected to grow at the fastest CAGR, offering a variety of international and regional dishes. North America is expected to hold the largest market share, with fierce competition among mobile food service providers.

Asia Pacific is forecasted to grow rapidly in the mobile food services market, driven by consumer preferences for street food. The report provides competitive analysis of key vendors like Kogi BBQ, Restaurant Brands International Inc., and Subway IP LLC. Recent developments include the launch of a new electric vehicle for The Mobile Food Hub in South Cambridgeshire.

Key market segments include food trucks and removable containers, with a focus on food and beverages. Geographic analysis covers regions like North America, Europe, Asia Pacific, and more. Spherical Insights & Consulting offers market research and consulting services to businesses looking to achieve strategic improvements and ROI.



Read more at GlobeNewswire: Global Mobile Food Services Market Size To Worth USD 42.30