Furthermore, the cost of starting a food truck is significantly lesser than a brick-and-mortar restaurant. Food waste: Amount thrown away totals 900 million tonnes According to this report from USAToday.com, the average annual household income . Tapping into these trends can help you maximize your presence and future opportunities for growth. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Agriculture and fishing are shown in several charts for comparison. The food truck industry growth is at 5.4%, whereas the commercial restaurant industry currently stands at 4.3. 20.2bn The value of food and drink exports in 2021. Street Food in London: Markets & Trends - Le Cordon Bleu This figure reflects a decrease over the previous year's total of 42.1. As a result, industry revenue has increased at an impressive annualized rate . Restaurants and mobile food services in the UK generated turnovers amounting to over 33.7 billion British pounds in 2020. Restaurants and mobile food services accounted for the largest sector of the food service industry in the United Kingdom, with approximately 92,526 businesses in 2020. Both the highest increase in food prices (5.3%) and the highest decrease in weekly income (7.4%) were seen in 2008/09. 85 Significant Restaurant Statistics: 2021 Analysis of Data & Market Source: Living Costs and Food Survey (Defra/ONS), Family Spending table 3.1e (ONS). Food Trucks Attract More Customers. However, this was followed by a rise of 18% in 2021 as we emerged from strict lockdown measures. The African Foodservice Market is projected to register a CAGR of 7.99% over the next forecast period. 1 The 16 Trucking Industry Statistics in the UK; 2 The Trucking Industry. Food production to supply ratio is calculated as the farm-gate value of raw food production (including for export) divided by the value of raw food for human consumption. Source: Chapter 14, Agriculture in the United Kingdom, Defra. (NISRA), Labour Market Statistics- Employee jobs by industry (, Download the data for this chart in .csv format: 760 KB, Download the data for this chart in .csv format: 1.36 KB, Download the data for this chart in .csv format: 1.03 KB, Download the data for this chart in .csv format: 401 KB, Download the data for this chart in .csv format: 2 KB, Download the data for this chart in .csv format: 2.81 KB, Living Standards, Poverty and Inequality in the UK, 2021; Institute for Fiscal Studies, Consumer Price Index including owner occupiers housing costs (CPIH) (, Soil Association Certification Organic Market Report 2021. Store closures due to strict lockdown measures resulted in disastrous consequences, with sales decreasing by 50% from March to April 2020, globally. Download the data for this chart in .csv format: 1281 KB. Croatia data no longer exists in the PSD after 1998/99; therefore, comparisons to data, including World Totals, will differ from those published prior to July 2013. Shielding: Vulnerable groups including those with existing health conditions, pregnant or over 70 were told that they should take extra safety precautions and stay at home. The proportion of household expenditure on food stays fairly stable year on year, but can follow real terms food price inflation.5 However, as the share of household expenditure spent on food is relative to other categories this is not always true. A medium business is a private sector business with between 50 and 249 employees. How Profitable Are Food Trucks? - ProjectionHub The medium-sized food trucks segment accounted for the maximum share of more than 44% of the overall revenue in 2020. For a food truck business, startup costs include a truck, cooking equipment, and custom truck wrapping, among other things. 50% of consumers are buying street food The COVID-19 outbreak decreased the market demand for food services including the food trucks industry globally. Use Ask Statista Research Service, Most popular dining brands in the UK Q4 2022, Leading restaurant chains in Great Britain 2020, by number of visitors, Number of restaurants and mobile food businesses in the UK 2008-2020, Daily impact of COVID-19 on restaurant dining in the UK 2020-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Source: International Grains Council (IGC), United States Department of Agriculture (USDA). Since 2000 food and non-alcoholic beverage prices (in real terms) have been at their lowest in 2006, before rising soon after and peaking in 2014. Fast-food consumption has significantly increased over the past 5 years owing to the factors, such as convenience and low cost, and a variety of menus & flavors offered. Oils and fats, Restaurants & cafes, catering services have all risen in price by 33% or more since 2012. According to the state Department of Business and Professional Regulation, food trucks were the fastest growing business in the state in 2011, outpacing their brick and mortar brethren. 2.3 3. However, imports also need to be from a diverse range of sources to enhance levels of food security. Data on food trucks was published in CBP for 461 counties that accounted for 5,104, or 86% of the total number of food trucks. Food Truck Industry Growth Rate The U.S. food truck industry has experienced a 12.1% average annual growth rate since 2016. So, restaurant vs food truck - which is the best business to open in 2021? This is 10 times lower than the cost of opening a brick-and-mortar restaurant. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Industry market research reports, statistics, analysis, data, trends and forecasts. Poultry has recently overtaken pig meat as having the highest production of any meat globally. Street Food Trucks/Vans in Bristol. 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. This can be attributed to rising investments by food truck operators as well as a rise in events and festivals across the region. "The quality of research they have done for us has been excellent.". Food truck industry statistics for 2023 predict a yearly growth of 3.4%. Toggle navigation. View the data for this chart Moreover, there is a growing focus of well-established commercial restaurant chains in launching their food trucks at prime locations. 7. As a Premium user you get access to background information and details about the release of this statistic. Market shares also include sales of non-food. Employment in this sector increased 5.2% on a year earlier, equating to 100,000 jobs. According to a survey on the most popular food trucks by The Restaurant Times U.S., more than 60% of millennials choose food trucks serving authentic as well as unique meal offerings over brick-and-mortar restaurants. b. Well send you a link to a feedback form. In the food sector (excluding beverages) SMEs accounted for 97% of businesses, 23% of turnover and 33% of employment. Origin of fresh fruit consumption is more diverse, with only 13% by volume from the UK whereas 26% and 61% is sourced from the EU and the Rest of the World respectively. There are over 35,000 active food trucks in the US. Longer term, the food sector GVA (excluding agriculture and fishing) increased by 27.4% between 2010 and 2020 while the whole economy increased by 35.6%. Explore purchase options. In 2021 the food production to supply ratio was 61% for all food and 74% for indigenous type food. Apr 22, 2023 (The Expresswire) -- Report Highlights with 123+ pages: -"The global Food Truck market looks promising in the next 5 years. The three largest discounters (Aldi, Iceland and Lidl) had a combined market share of 18.8%. Wholesaling and retailing GVA rose by 2.4% and 13.6% respectively, while manufacturing GVA decreased by 5% and catering fell by 30.8%. View the data for this chart Food truck-specific data is quite sparse since the industry is developing so rapidly. More than 40,000 people work in the food truck industry. We value your investment and offer free customization with every report to fulfil your exact research needs. This statistic is not included in your account. This has caused restaurants to post lower sales and report financial distress. Accessed May 01, 2023. https://www.statista.com/statistics/558137/restaurant-and-mobile-food-services-business-turnover-uk/. 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%. 56% of fresh vegetables consumed in the UK were produced domestically in 2021. As a Premium user you get access to the detailed source references and background information about this statistic. Number of establishments in the U.S. mobile food services industry by The agri-food sector is the food sector plus agriculture and fishing. There was a 21% rise in 2019 compared to 2018 reflecting the combination of increased area and higher yields. Beverages are the largest export category by far with an export value of 7 bn in 2021, up by 10% on 2020.