Food Cart Insurance Market Set to Grow Robustly Through 2033
The global Food Cart Insurance market is experiencing significant expansion as street food businesses, mobile food vendors, and small-scale operators increasingly seek specialized insurance coverage. Food cart insurance offers protection against property damage, liability, theft, and employee-related risks, making it essential for vendors operating in diverse urban and rural settings.
The market was valued at USD 310 million in 2023 and is projected to reach USD 540 million by 2033, growing at a CAGR of 6.0% over the forecast period. Rising street food culture, growing entrepreneurial activities, and heightened awareness of risk management among food vendors are key factors driving market demand.
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