Food & Beverage

Food truck market to reach $6.46B by 2031

Photo: Adobe Stock

September 11, 2026

Summarize with

The food truck market is expected to grow significantly, from $4.41 billion in 2025 to $4.71 billion in 2026. It is also expected to reach $6.46 billion by 2031, according to data from Mordor Intelligence.

This represents a compound annual growth rate of 6.52%, according to a press release. The primary drivers of this market include a demand for urban events, lower overhead and social media marketing.

Other key market trends include:

Growth of franchising.
Electric food trucks.
Asia-Pacific market growing due to street-food culture.

"Mordor Intelligence applies a consistent research framework that combines reported market information with structured industry assessment, helping decisionmakers interpret food truck market trends, competitive dynamics, and growth prospects through a clearly defined and comparable analytical approach," Phani Kumar, senior research manager, Mordor Intelligence, said in the release.