Snack time: Competition from fast-casual competitors will temper industry demand

The Street Vendors industry has been one of the best-performing industries in the broader food service sector during the past five years. Since the recession, consumers have been cautious with their spending and street vendors have benefited from serving high-quality food at budget prices. Product innovation and a move toward healthful foods have also been features of the industry as more audacious recipes have been cooked-up to attract new customers. As a result of these trends, the industry is expected to continue growing over the next five more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Lower regulations have opened the door for more food trucks to enter the marketplace
  • Food trucks are not as susceptible to falls in consumer spending and confidence
  • Operators that include healthy options will be best situated for success
  • Industry Report - Industry SWOT Analysis Chapter

    The Street Vendors industry in Canada is in the growth phase of its life cycle. The industry has outperformed the overall food-service sector over the past five years and is expected to continue to do so over the next five years. The industry continues to evolve from one that traditionally served very basic food and beverages for the convenience of tourists and working-class consumers, to one at the forefront of the nation’s gastronomic revolution, offering a full range of gourmet options.In addition, as consumers become increasingly health conscious, street food vendors have responded by expanding the number of healthy food options on their menus. New...purchase to read more.

    Additional Insights for the Street Vendors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Street Vendors Industry are

  • Ability to control stock on hand
  • Proximity to key markets
  • Must have licence
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Street Vendors industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Street Vendors Industry?

    This industry comprises establishments primarily engaged in preparing and serving meals and snacks for immediate consumption from motorized vehicles or nonmotorized carts. The establishment is the main location from which the caterer route is serviced, not each cart or vehicle. Included in this industry are establishments primarily engaged in providing food services from vehicles, such as hot dog carts and ice cream trucks.

    Industry Products
  • Traditional street vendors
  • Mobile food preparation vehicles
  • Industrial catering vehicles
  • Industry Activities
  • Mobile nonalcoholic beverage stands
  • Mobile coffee carts
  • Mobile food concession stands
  • Ice cream truck vendors
  • Lunch wagons
  • Mobile food stands
  • Mobile refreshment stands
  • Mobile snack stands
  • Street vendors of food
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Consumer Confidence Index
  • Per capita meat consumption
  • Urban population
  • Consumer price index for food

  • Current Performance
  • Demand drivers
  • Shifting consumer preferences
  • Regulation
  • Tight profit margins
  • Social media and technology
  • Chart: Revenue Growth

  • Industry Outlook
  • Sophisticated consumers
  • Urban population
  • Food truck popularity
  • Table: Street Vendors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Street Vendors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Beef & Pork Wholesaling in Canada
  • Beer, Wine & Spirits Wholesaling in Canada
  • Dairy Wholesaling in Canada
  • Fish & Seafood Wholesaling in Canada
  • Frozen Food Wholesaling in Canada
  • Fruit & Vegetable Wholesaling in Canada
  • Grocery Wholesaling in Canada
  • Wine & Spirits Wholesaling in Canada

  • Products & Services
  • Traditional street vendors
  • Mobile food preparation vehicles
  • Industrial catering vehicles
  • Chart: Street Vendors Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 18 to 34
  • Consumers aged 35 to 44
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Street Vendors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Street Vendors

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Street Vendors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Street Vendors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Street Vendors Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick And Mortar
  • A store that has a physical presence and location, as opposed to an online retailer or a street vendor.
  • Gastronomy
  • An interest in food and good eating with a particular focus on gourmet cuisine
  • Industrial Catering Vehicles
  • Sell mainly pre-packed, cold foods on a self-serve basis, and which is usually operated by a single person
  • Mobile Food Preparation Vehicles
  • These vehicles generally have the facilities to provide hot foods and require a driver and a cook
  • Point Of Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Wagon Wheel Cart
  • A traditional street vendor wagon wheel cart with two wheels at one end and stands at the other
  • What Our Customers Say

    Why buy this report?

    The Street Vendors market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Street Vendors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Street Vendors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Street Vendors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.