Street Vendors in Canada - Industry Research Report

On a stick: Increased consumer spending will likely boost demand for industry products

Over the past five years, the Street Vendors industry found an opportunity in the pandemic, which prompted welcomed advancements and innovations in mobile food sales. Street vendors have benefited from serving high-quality food at budget prices amid a ballooning interest in healthy and diverse food choices. Product innovation has also been a staple of the street vending landscape as food trucks and stalls have incorporated more audacious recipes to attract new customers. These trends have propelled revenue at a CAGR of 5.9% over the past five years, reaching an estimated $374.9 million in 2023, including an 0.5% increase in 2023 alone. This Street Vendors industry in Canada 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. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.