About Gourmet Street Food
Street food is the center of recent food culture owing to the fast lifestyle and changing lifestyle choices. The increase within the variety of fast-food lovers is facilitating the expansion of the world street foodstuff. The tendency of humans toward exploring the native and regional tastes propels its growth to an oversized extent. Street foods are shaping the culture of food and are profitable further and often referred to as the mobile versions of the restaurant business.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for Gourmet Street Food is fragmented by global players on different levels in order to cater to the number of increasing fast food lovers and increasing urbanization. The players should focus on enhancing the food quality and packaging coupled with infrastructure for restaurants and food trucks to grab the growing market share. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Gourmet Street Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Horn Ok Please (India), D'Abruzzo (United States), Nonbiri (United States), Chan Hong Meng (Singapore), Burger King (United States), Bean About Town (United States), Born & Raised (United Kingdom), Cheeky Italian (United Kingdom), Donostia Social Club (United Kingdom) and Sub Cult (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gourmet Street Food market by , Application (Household and Commercial) and Region.
On the basis of geography, the market of Gourmet Street Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe, North America region held largest market share in the year 2023. If we see Market by Cuisine Type, the sub-segment i.e. Indian will boost the Gourmet Street Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Gourmet Street Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Enhancements in Taste and Texture of The Street Food according to Customer Choices and Introduction of Food Trucks with Different Food Options and Appealing Infrastructure
Market Growth Drivers:
Rise in Appetite of People Toward New and Delicious Street Food
Challenges:
Fluctuation in Raw Material of Foods and Awareness about Substitutes like Cafes and Restaurants
Restraints:
Health Concerns about the Ingredients Used and Stringent Government Street Rules for Vendors
Opportunities:
Rise in Innovation of Newer Flavours in Gourmet Foods and Rise in Introduction of Varieties of Food Cultures due to Globalisation
Market Leaders and their expansionary development strategies
In November 2021, Main Street Gourmet announced that it has completed an acquisition and partnership with Meurer Brothers Bakery. Main Street Gourmet, which owns and operates Main Street Gourmet (Akron, OH) and Biscotti Brothers (Greensburg, PA), is a family of premium wholesale bakeries serving in-store bakery (ISB), restaurant, club, and convenience customers. Meurer Brothers Bakery is a Wisconsin-based, third-generation manufacturer of premium pastries (mini danish, traditional danish, French Crème coffee cake, and turtle cookies), primarily for the ISB channel.
In April 2021 Donostia Social Club had announced the launch of Tapas room restaurants. The Tapas room will function as a shop, deli and eatery in London. Donostia Social Club is expanding its wine and beer offering in the new space which gives company a shop-front exclusive products.
Food Safety and Standards Authority of India states that street food vendors must be registered with Food Safety and Standards regulations 2011 and must have a display for FSSAI registration number with Food Safety Display Board.
Key Target Audience
Gourmet Street Food Manufacturer, Raw Material Providers, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.