GITNUX MARKETDATA REPORT 2024

Must-Know Food Truck Industry Statistics [Current Data]

With sources from: 1 – statista.com/statistics/1308976/netherlands-number-of-food-trucks/, 2 – ibisworld.com/industry-statistics/number-of-businesses/food-trucks-united-states/, 3 – enterpriseappstoday.com/stats/food-truck-statistics.html, 4 – mordorintelligence.com/industry-reports/food-truck-market and many more

In this post, we will explore key statistics on the food truck industry, shedding light on its growth, workforce demographics, and market value in the United States and abroad. The data reveals notable trends in the industry, including the rapid expansion of food truck operations and the financial prospects for entrepreneurs in this mobile dining sector.

Statistic 1

"The US Food Truck industry saw an average annual growth rate of 9.9% between 2018 and 2023, resulting in 36,324 food truck operations in 2023."

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Statistic 2

"24% of cooks at food trucks are women, while 76% are men, and 30% of chefs hold a high school diploma and 31% hold an associate’s degree."

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Statistic 3

"The number of food trucks in the Netherlands has more than doubled from 1200 to 2500 in the past six years."

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Statistic 4

"The US Food Truck industry saw an average annual growth rate of 9.9% between 2018 and 2023, resulting in 36,324 food truck operations in 2023."

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Statistic 5

"24% of cooks at food trucks are women, while 76% are men, and 30% of chefs hold a high school diploma and 31% hold an associate’s degree."

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Statistic 6

"By 2023, the estimated number of food trucks in the United States is 32,176, with a 5.2% increase since 2022."

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Statistic 7

"The food truck market is estimated to be worth $2062.33 million in 2021 and is anticipated to grow to $2663.18 million by 2027 with a CAGR of 4.29%."

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Statistic 8

"Food Trucks can bring in an average of $250,000 to $500,000 per year, with 50% of trucks making $150,000 or more annually."

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Interpretation

Overall, the statistics presented highlight the significant growth and potential of the food truck industry, both in the US and internationally. The increase in the number of food truck operations, coupled with the rising market value and revenue potential, indicate a thriving and lucrative sector. The data also shed light on the demographics of workers in this field, showing room for diversity and educational attainment among chefs and cooks. With continuous growth projected in the coming years, the food truck industry remains a dynamic and profitable business opportunity for entrepreneurs.

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