The global food truck market is not just a trend – it’s a revolution, transforming urban dining and redefining convenience for modern consumers. In a recent BBC podcast, Abdul Wasay , the forward-thinking Chief Operating Officer of The Business Research Company, shared exclusive insights into this rapidly expanding sector, shedding light on the trends, opportunities, and challenges that are shaping the industry’s future.

The global food truck market is on a steep growth trajectory, currently valued at $4.04 billion in 2024 and expected to reach $5.8 billion by 2029, growing at a CAGR of 7.4%. This rapid expansion is driven by a broader shift in consumer behavior towards convenience, variety, and experiential dining – trends that food trucks are uniquely positioned to capitalize on.

"The food truck industry has become a global phenomenon, offering entrepreneurs a low-cost entry into the food and beverage market,” said Wasay. “The ability to adapt quickly to changing consumer tastes and move to high-footfall locations has made food trucks a powerful force in the modern culinary scene.”