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Mobile Food Service Trends and Forecast
The future of the global mobile food service market looks promising with opportunities in the food trucks and mobile container markets. The global mobile food service market is expected to reach an estimated $8.1 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are growing demand for ready-to-eat foods and development of dietary preferences and expanding consumer need for uniqueness and personalization in meal alternatives.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mobile Food Service by Segment
The study includes a forecast for the global mobile food service by type, application, and region.
Mobile Food Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Food
• Beverages
Mobile Food Service Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food Trucks
• Mobile Container
• Others
Mobile Food Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Mobile Food Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mobile food service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mobile food service companies profiled in this report include-
• Restaurant Brands
• Kogi BBQ
• Subway
• YUM Brands
• Yum
• McDonalds
• Darden Restaurants
Mobile Food Service Market Insights
Lucintel forecasts that food is expected to witness the highest growth over the forecast period due to shifting lifestyles and rising disposable incomes.
Within this market, food trucks will remain the largest segment due to mobile, versatile nature, offering quick food service to diverse locations globally.
APAC is expected to witness highest growth over the forecast period due to growing availability of these services and heightened consumer awareness of health, hygiene, and safety benchmarks.
Features of the Global Mobile Food Service Market
Market Size Estimates: Mobile food service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mobile food service market size by type, application, and region in terms of value ($B).
Regional Analysis: Mobile food service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the mobile food service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mobile food service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the mobile food service market size?
Answer: The global mobile food service market is expected to reach an estimated $8.1 billion by 2030.
Q2. What is the growth forecast for mobile food service market?
Answer: The global mobile food service market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the mobile food service market?
Answer: The major drivers for this market are growing demand for ready-to-eat foods and development of dietary preferences and expanding consumer need for uniqueness and personalization in meal alternatives.
Q4. What are the major segments for mobile food service market?
Answer: The future of the mobile food service market looks promising with opportunities in the food trucks and mobile container markets.
Q5. Who are the key mobile food service market companies?
Answer: Some of the key mobile food service companies are as follows:
• Restaurant Brands
• Kogi BBQ
• Subway
• YUM Brands
• Yum
• McDonalds
• Darden Restaurants
Q6. Which mobile food service market segment will be the largest in future?
Answer: Lucintel forecasts that food is expected to witness the highest growth over the forecast period due to shifting lifestyles and rising disposable incomes.
Q7. In mobile food service market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing availability of these services and heightened consumer awareness of health, hygiene, and safety benchmarks.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mobile food service market by type (food and beverages), application (food trucks, mobile container, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Mobile Food Service Market, Mobile Food Service Market Size, Mobile Food Service Market Growth, Mobile Food Service Market Analysis, Mobile Food Service Market Report, Mobile Food Service Market Share, Mobile Food Service Market Trends, Mobile Food Service Market Forecast, Mobile Food Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Mobile Food Service Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Mobile Food Service Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Mobile Food Service Market by Type
3.3.1: Food
3.3.2: Beverages
3.4: Global Mobile Food Service Market by Application
3.4.1: Food Trucks
3.4.2: Mobile Container
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Mobile Food Service Market by Region
4.2: North American Mobile Food Service Market
4.2.2: North American Mobile Food Service Market by Application: Food Trucks, Mobile Container, and Others
4.3: European Mobile Food Service Market
4.3.1: European Mobile Food Service Market by Type: Food and Beverages
4.3.2: European Mobile Food Service Market by Application: Food Trucks, Mobile Container, and Others
4.4: APAC Mobile Food Service Market
4.4.1: APAC Mobile Food Service Market by Type: Food and Beverages
4.4.2: APAC Mobile Food Service Market by Application: Food Trucks, Mobile Container, and Others
4.5: ROW Mobile Food Service Market
4.5.1: ROW Mobile Food Service Market by Type: Food and Beverages
4.5.2: ROW Mobile Food Service Market by Application: Food Trucks, Mobile Container, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Mobile Food Service Market by Type
6.1.2: Growth Opportunities for the Global Mobile Food Service Market by Application
6.1.3: Growth Opportunities for the Global Mobile Food Service Market by Region
6.2: Emerging Trends in the Global Mobile Food Service Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Mobile Food Service Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Mobile Food Service Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Restaurant Brands
7.2: Kogi BBQ
7.3: Subway
7.4: YUM Brands
7.5: Yum
7.6: McDonalds
7.7: Darden Restaurants
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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