Mobile Food Services Market size to grow by USD 15.04 billion from 2022 to 2027, The rising demand for convenience foods to drive market growth - Technavio

NEW YORK, June 6, 2023 /PRNewswire/ -- The mobile food services market size is forecast to increase by USD 15.04 billion from 2022 to 2027, at a CAGR of 8.84%, according to the recent market study by Technavio. The growth of the market will be driven by the rising demand for convenience foods, the advantages of mobile food service outlets over brick-and-mortar restaurants, and cost-effective entrepreneurship. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Belgo Holdings LLC, Chick fil A Inc., Chipotle Mexican Grill Inc., Cocoa Forte Franchising LLC, Courageous Bakery and Cafe, Darden Restaurants Inc., Eat Drink Collective, Kogi BBQ, KoJa Kitchen LLC, Lukes Seafood LLC, McDonald Corp., Ms Cheezious, Phat Cart, Restaurant Brands International Inc., The Grilled Cheeserie, The Subway Group, Waffle Bus, World Famous House of Mac, YUM Brands Inc., and Yumbii

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Mobile Food Services Market - Segmentation

This mobile food services market report extensively covers market segmentation by type (food, and beverages), application (food truck and removable container), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

• The market share growth by the food segment will be significant for overall market growth during the forecast period. The rising urbanized population inculcating new habits and trends of developing preferences for international food trends drive the segment growth. Some other factors include evolving lifestyles, changing food preferences, rapid urbanization, and the growing number of nuclear families. For instance, in the US and several European countries, some local and international vendors, such as RBI and YUM! Brands offer donuts, burgers, sandwiches, and pizzas. Hence, such factors will boost the demand for food from mobile food services and hence drive the growth of the market in focus during the forecast period.

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Mobile Food Services Market - Market Dynamics

Key Drivers

• The rising demand for convenience foods is notably driving the market growth for mobile food services.
• Owing to on-the-go foods being widely preferred by the working population in many developed and developing countries, the popularity of mobile food service providers is increasing.
• Furthermore, the expansion of the urban population is inculcating new habits and increasing the preference for international foods.
• Moreover, evolving lifestyles, changing food preferences, rapid urbanization, and the growing number of nuclear families are some factors driving the growth of the global fast-food industry.
• Hence, such factors drive the market growth during the forecast period.

Significant Trends

• The marketing initiative is a mobile food services (MFS) market trend that is expected to have a positive impact during the forecast period. 
• Commonly used social media platforms such as Twitter, Youtube, Facebook/ INSTAGRAM Inc., and LinkedIn are used by vendors operating in the global mobile food services market to sell their products and services.
• Such communication channels play a key role in the marketing strategy of mobile food service outlets. Vendors use social media platforms to post their upcoming locations and events, have a highly diverse audience pool, create informative and entertaining videos about their food trucks and menu items as well as to have business-to-business conversations, establish and demonstrate expertise, hire, and find appropriate strategic partners and suppliers.
• Hence, such factors will increase market growth during the forecast period.

Leading Challenges

• The fluctuations in food commodity prices pose a major challenge for the mobile food services (MFS) market during the forecast period.
• The fluctuations in the volume and the price of crops affect each stage of the supply chain and vendors increase the prices of mobile food services owing to high manufacturing costs and low profit margins.
• Furthermore, any shortage in the supply of raw materials affects market growth. Also, adverse weather conditions and natural calamities negatively affect the production of vegetables and grains and are, therefore, the major factors behind the shortage of raw materials.
• Hence, such challenges hinder the market growth of mobile food services during the forecast period.

What are the key data covered in this Mobile Food Services Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the mobile food services market between 2023 and 2027
• Precise estimation of the size of the mobile food services market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the mobile food services market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of mobile food services market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global mobile food services market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global mobile food services market market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Food - Market size and forecast 2022-2027
• Exhibit 34: Chart on Food - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Food - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Food - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Food - Year-over-year growth 2022-2027 (%)

• 6.4 Beverages - Market size and forecast 2022-2027
• Exhibit 38: Chart on Beverages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Beverages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Beverages - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Beverages - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)
• Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Food truck - Market size and forecast 2022-2027
• Exhibit 48: Chart on Food truck - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Food truck - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Food truck - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Food truck - Year-over-year growth 2022-2027 (%)

• 7.4 Removable container - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Removable container - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Removable container - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Removable container - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Removable container - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 56: Market opportunity by Application ($ billion)
• Exhibit 57: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Chick fil A Inc. 
• Exhibit 111: Chick fil A Inc. - Overview
• Exhibit 112: Chick fil A Inc. - Product / Service
• Exhibit 113: Chick fil A Inc. - Key offerings

• 12.4 Chipotle Mexican Grill Inc. 
• Exhibit 114: Chipotle Mexican Grill Inc. - Overview
• Exhibit 115: Chipotle Mexican Grill Inc. - Product / Service
• Exhibit 116: Chipotle Mexican Grill Inc. - Key news
• Exhibit 117: Chipotle Mexican Grill Inc. - Key offerings

• 12.5 Courageous Bakery and Cafe 
• Exhibit 118: Courageous Bakery and Cafe - Overview
• Exhibit 119: Courageous Bakery and Cafe - Product / Service
• Exhibit 120: Courageous Bakery and Cafe - Key offerings

• 12.6 Darden Restaurants Inc. 
• Exhibit 121: Darden Restaurants Inc. - Overview
• Exhibit 122: Darden Restaurants Inc. - Business segments
• Exhibit 123: Darden Restaurants Inc. - Key offerings
• Exhibit 124: Darden Restaurants Inc. - Segment focus

• 12.7 Eat Drink Collective 
• Exhibit 125: Eat Drink Collective - Overview
• Exhibit 126: Eat Drink Collective - Product / Service
• Exhibit 127: Eat Drink Collective - Key offerings

• 12.8 Kogi BBQ 
• Exhibit 128: Kogi BBQ - Overview
• Exhibit 129: Kogi BBQ - Product / Service
• Exhibit 130: Kogi BBQ - Key offerings

• 12.9 KoJa Kitchen LLC 
• Exhibit 131: KoJa Kitchen LLC - Overview
• Exhibit 132: KoJa Kitchen LLC - Product / Service
• Exhibit 133: KoJa Kitchen LLC - Key offerings

• 12.10 McDonald Corp. 
• Exhibit 134: McDonald Corp. - Overview
• Exhibit 135: McDonald Corp. - Business segments
• Exhibit 136: McDonald Corp. - Key news
• Exhibit 137: McDonald Corp. - Key offerings
• Exhibit 138: McDonald Corp. - Segment focus

• 12.11 Phat Cart 
• Exhibit 139: Phat Cart - Overview
• Exhibit 140: Phat Cart - Product / Service
• Exhibit 141: Phat Cart - Key offerings

• 12.12 Restaurant Brands International Inc.
• Exhibit 142: Restaurant Brands International Inc. - Overview
• Exhibit 143: Restaurant Brands International Inc. - Business segments
• Exhibit 144: Restaurant Brands International Inc. - Key news
• Exhibit 145: Restaurant Brands International Inc. - Key offerings
• Exhibit 146: Restaurant Brands International Inc. - Segment focus

• 12.13 The Grilled Cheeserie 
• Exhibit 147: The Grilled Cheeserie - Overview
• Exhibit 148: The Grilled Cheeserie - Product / Service
• Exhibit 149: The Grilled Cheeserie - Key offerings

• 12.14 The Subway Group 
• Exhibit 150: The Subway Group - Overview
• Exhibit 151: The Subway Group - Product / Service
• Exhibit 152: The Subway Group - Key offerings

• 12.15 World Famous House of Mac 
• Exhibit 153: World Famous House of Mac - Overview
• Exhibit 154: World Famous House of Mac - Product / Service
• Exhibit 155: World Famous House of Mac - Key offerings

• 12.16 YUM Brands Inc. 
• Exhibit 156: YUM Brands Inc. - Overview
• Exhibit 157: YUM Brands Inc. - Business segments
• Exhibit 158: YUM Brands Inc. - Key news
• Exhibit 159: YUM Brands Inc. - Key offerings
• Exhibit 160: YUM Brands Inc. - Segment focus

• 12.17 Yumbii 
• Exhibit 161: Yumbii - Overview
• Exhibit 162: Yumbii - Product / Service
• Exhibit 163: Yumbii - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com/

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