As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Europe and North America are the leading regions in the global catering services market. The market in these regions is being driven by the presence of the leading global players in these regions and the growing market for integrated facilities management. In such developed markets, almost 60-70% of the catering contracts that have been outsourced outside the companies and institutions have been done as a part of integrated facility management contracts. The presence of diversified product options and technological advancements in the industry in these regions is also aiding the market growth. While the market has reached high maturity in regions like the United Kingdom, France, Italy, the UAE, the US, Hong Kong, and Singapore, the market has a high growth potential in India, the Middle East, Canada, Japan, Mexico, and Australia. In emerging economies, the market is witnessing a healthy growth due to the rising penetration of global players into the organized sector and the increasing technological advancements.
As consumers are increasingly seeking healthier and fresh food in corporate offices and college campuses, leading players in the industry are introducing healthy and sustainably sourced food in their menu. In August 2018, Aramark (NYSE: ARMK), a leading player in the industry, announced that it is introducing innovative programs and healthier menu items across the 500 college and university campuses that it serves. These changes are in response to the rising demand from the Gen Z college students for locally sourced, fresh, and healthy meals on their campuses that are also readily available. To meet the increasing demand for sustainable food, the company has also launched Open Fields in partnership with FarmLogix to source sustainable ingredients as well as report its purchases easily. It also aims at significantly reducing single-use disposable plastics in its foodservice operations globally by 2022, with nearly 80% of its consumers attempting to limit their plastic usage.
Market Analysis by Products and Regions:
Key Findings of the Findings:
Key Offerings of the Report:
Expert Market Research (EMR) is a leading market research and business intelligence companies, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and evergrowing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.