Global Catering Market Outlook to 2027
Segmented by Services Type (Contractual, Non-Contractual), By End User (Healthcare, Hospitality, Corporates, Education, In-Flight and Others (Holy Sites, Events, Railways, Defense, etc.), By Region
March 2023
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of Catering Industry in World. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by service type, by end-users, by region and by basis of application; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Global Catering Market is aided by the overall food service industry. Also, the global catering services market is driven by the recent food safety-related incidents, due to which the FDA has come up with strict and tighter norms and regulations for monitoring the quality and standards of food being served. Thus, along with the global concern for food safety, it is also driving the demand for outsourcing catering services, further enhancing the global catering services market.
- Catering Service companies are beginning to offer products that capitalize on this interest in vegan and vegetarian products, which in turn is set to boost the growth of the catering service market.
- Growth in rapid urbanization, corporate and private events will boost the trend of food-away-from-home, thereby escalating overall market development of global catering services.
Key Trends by Market Segment:
By Type: Contractual catering holds the largest share in catering services. Catering Market in 2022. This is due to the fact that contract-based services allow long-term cost-effective solutions to the consumers mostly the organizations such as educational institutions, oil & gas and mining sites, office buildings, hospitals, and many others.
By End-Users: The event and marriage sector has accounted for the revenue share of ~% in catering services. The establishment of a large number of malls, schools, companies, colleges, IT parks, factories, and hospitals will widen the scope of the food catering business.
Competitive Landscape:
The global catering market in highly fragmented with presence of various large and small market players in the industry. Favorable move like merger and acquisition by market players along with urbanization and changing food habits will enhance their global presence and boost their foothold in market.
Future Outlook:
The Global Catering Market is projected to show a significant growth, to contribute triple digit Bn by 2027 with quickly developing business-to-business (B2B) events sector and government initiatives. The growth rate is anticipated to increase over the period with innovative catering services, hectic lifestyles and difficulties associated with cooking at home.
Scope Of The Report
Scope of the Report
|
Global Catering Market Segmentation |
|
|
By Services Type |
Contractual Non-Contractual |
|
By End-Users |
Healthcare Corporates Education Hospitality Industrial In-flight Others |
|
By Region |
North America Europe Asia-Pacific Middle East & Africa South America |
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By Basis of Applications |
Wedding Catering Corporate Catering Social Events Catering Others |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Airline Catering Companies
- Fine Dining Caterers
- School Caterers
- Hotels
- Industrial Caterers
- Government Bodies
- Facility Management Companies
- Industries
- Schools
- Hospitals
Time Period Captured in the Report:
- Historical Year: 2017-2022
- Base Year: 2022
- Forecast Period: 2022– 2027
Companies
Major Players Mentioned in the Report:
- Compass Group plc
- Sodexo S.A.
- Aramark Corporation
- ISS Facility Services Inc.
- AVI Food systems
- Elior Group S.A.
- ISS A/S
- Thompson Hospitality
- Albron
- Hutten Catering BV
- Delaware North
- Ann Sather
- Aria Catering
- Black Olive Catering
- Blue Plate
Table of Contents
Table of Contents
1. Executive Summary
2. Global Catering Market Overview
2.1 Taxonomy of Global Catering Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Global Catering Market
2.5 Growth Drivers of Global Catering Market
2.6 Issues and Challenges of Global Catering Market
2.7 Impact of COVID-19 on Global Catering Market
2.8 PESTLE/SWOT Analysis
3. Global Catering Market Size, 2017 – 2022
4. Global Catering Market Segmentation
4.1 By Catering Type, 2017 - 2022
4.2 By End-User, 2017 - 2022
4.3 By Regional Split (North America/Europe/Asia-Pacific/Middle East & Africa/South America), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Compass Group plc
5.3.2 Sodexo S.A.
5.3.3 Aramark Corporation
5.3.4 ISS Facility Services Inc.
5.3.5 AVI Food systems
5.3.6 Elior Group S.A.
5.3.7 ISS A/S
6. Global Catering Future Market Size, 2022 – 2027
7. Global Catering Future Market Segmentation
7.1 By Catering Type, 2022 - 2027
7.2 By End-User, 2022 - 2027
7.3 By Regional Split (North America/Europe/Asia-Pacific/Middle East & Africa/South America), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on catering service companies over the years, penetration of catering service to compute overall revenue generated. We will also review global catering service trends to understand revenue generated which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple catering providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from catering providers.
Frequently Asked Questions
Frequently Asked Questions
01 How big is the global catering services market?
The market size of global catering services has been at $141 billion in 2022
02 Which is the largest catering company in the world?
Compass Group PLC, a British multinational food service company which operates in over 45 countries & serves meals across different sectors
03 What is the market trend of global catering service?
Global Catering Services market is expected to grow at CAGR of 5.46% in the forecast year 2027
04 Why global catering services market is growing?
Increasing urbanisation & diverse food preferences are driving the growth of this market
05 Which country dominates global catering services market?
Asia-Pacific region dominates the global catering service market with nearly 45% of the revenue generated by this region
06 What is the future of global catering services market?
The Global catering services market size is estimated to grow by $103.28 billion between 2022 & 2027
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