Food Trucks Market Regional Analysis

North America dominated the market and exhibited a CAGR of 7.0% during the forecast period. Food trucks are popular in North America because of their minimal capital requirements and the availability of great locations to start food truck operations around the country. The food truck business costs between USD 50,000 and USD 60,000 in the United States. The country earned between USD 2,50,000 and USD 500,000 annually from the food truck industry. People are drawn to start food truck enterprises in the United States as revenue profits improve, which is projected to raise demand for food trucks throughout the forecast period.

The United States now operates more than 35,500 food trucks, expected to rise during the forecast period. For example, Curry Up Now, U.S., earned enormous popularity among California consumers when it introduced a hybrid of Indian and Mexican burritos in 2018. The boost in tourism throughout these states is projected to result in significant growth for the global food trucks industry in the current year and during the forecast period.

Asia-Pacific is expected to have the largest CAGR of 7.5% from 2025 to 2032. Consumers in Asian countries such as China, Japan, and South Korea prefer street food, which is expected to increase product demand in the region. China dominated the food trucks market, leading the region with its extensive market presence and robust growth potential.

The Europe region in the food trucks market showcases a dynamic blend of traditional street food culture and the modern culinary innovation. Germany leads the market with its robust infrastructure and supportive business environment, while France and Italy contribute significantly to the region's diverse food truck landscape. The Middle East and Africa region in the food truck business has grown rapidly in recent years with a rate of 6.4%, driven by the urbanization, changing the consumer lifestyles, and an increased interest in international cuisines. Food truck activity is brisk in major cities around the Middle East and Africa, including Dubai, Riyadh, Cairo, Johannesburg, and Nairobi. These metropolitan areas have a varied customer base and high foot traffic. In South America, the market is driven by a strong street food culture and increasing urbanization, with Brazil emerging as both the largest and fastest-growing market in the region.

Latin America is emerging as a dynamic player in the global food trucks market, driven by its rich culinary diversity, growing urbanization, and the rising consumer preference for affordable, on-the-go dining options. Brazil is at the forefront of the food truck movement in Latin America, with cities like São Paulo witnessing a surge in gourmet food trucks offering a mix of the traditional and fusion cuisine.