7 Eye-Opening Statistics About the Food Truck Industry

Food trucks have been around for decades, but in recent years they've become a major force in the food industry. These mobile eateries offer everything from gourmet burgers and tacos to vegan cuisine and artisanal desserts. But what impact are food trucks having on the industry as a whole? Let's take a closer look at some of the statistics.

Food truck industry revenue is expected to reach $1.7 billion by 2022.

The food truck industry has seen steady growth over the past decade, with revenue expected to reach $1.7 billion by 2022. This growth can be attributed to a number of factors, including changing consumer tastes, the rise of social media, and the flexibility and low cost of starting a food truck business compared to a traditional restaurant.

The average food truck generates annual revenue of around $290,000.

While food trucks may not generate as much revenue as brick-and-mortar restaurants, they can still be a profitable business. The average food truck generates annual revenue of around $290,000, according to one study. Of course, this varies depending on factors like location, cuisine, and marketing strategies.

Millennials are the most likely demographic to eat at food trucks, with 47% reporting that they have tried food from a food truck.

Millennials are often credited with driving the food truck trend, and it's true that they are the most likely demographic to try food from a food truck. According to one survey, 47% of millennials have eaten at a food truck, compared to 37% of Gen Xers and 23% of baby boomers.

Food trucks are often used as a launching pad for new restaurants or food concepts.

Food trucks offer a low-cost and low-risk way for aspiring restaurateurs to test out new menus and concepts. Many successful brick-and-mortar restaurants started out as food trucks, including Shake Shack and Kogi BBQ in Los Angeles.

Food trucks have been credited with contributing to the revitalization of urban areas.

Food trucks are often associated with hip, urban neighborhoods, and they have been credited with contributing to the revitalization of these areas by attracting foot traffic and creating a sense of community. In some cases, food trucks have even helped to launch new businesses and create new jobs.

The most popular type of food truck cuisine is Mexican, followed by American, fusion, and Asian.

When it comes to the most popular types of food truck cuisine, Mexican takes the top spot, followed by American, fusion, and Asian. Of course, this varies depending on the region and local tastes.

Food trucks are becoming more inclusive.

The food truck industry has traditionally been dominated by white men, but that is starting to change. More women and people of color are entering the field as owners and operators, bringing new perspectives and diverse cuisines to the industry.

These statistics paint a picture of a thriving and evolving food truck industry. Whether you're a food truck enthusiast or a budding entrepreneur, the future looks bright for this mobile dining trend.