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Global Catering Services Market Size, Share, Industry, Forecast: By Service Type: Contractual, Non-contractual; By Application: Wedding Catering, Corporate Catering, Social Events Catering, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Catering Services Market Outlook
The global catering services market is aided by the overall food service industry, which reached a value of almost USD 164.59 billion in the year 2023. The food service industry is further expected to grow at a CAGR of 6.6% between 2024 and 2032 to reach a value of almost USD 292.56 billion by 2032.
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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.
The market is led by Europe and North America regions due to the high presence of global players and specialised service providers. The industry has met high market maturity in western European countries, like the United Kingdom, France, and Hong Kong. However, the industry is expected to have a high potential for growth in the Middle Eastern regions, China, India, Canada, Japan, Mexico, and Australia. The low maturity regions are the major parts of Asia, Africa, and Latin America, which are expected to witness a healthy growth in the coming years.
Market Segmentation
Catering services provide food for large scale meetings, conferences, parties, and other events. These services might also extend to providing meals for institutions like schools, colleges, and corporate offices. They either have their own in-house cooking staff or have contracted a third-party source for sourcing the food.
Based on service type, the market is divided into:
- Contractual
- Non-contractual
On the basis of application, the market is segmented into:
- Wedding Catering
- Corporate Catering
- Social Events Catering
- Others
The report also covers the regional markets of catering services like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global catering services market is being driven by the stringent norms and regulations passed down by the FDA to monitor and control the quality and standards of the food being served, as a result increasing the global concern for food safety and the demand for outsourcing catering services to a trusted source. The Asia Pacific has a high demand for catering services due to the rising population in the region and the increasing need for industry players in the organised sector.
The catering services market is being propelled forward as catering is being used as a talent attraction and retention tool by several corporate offices. The increasing number of companies are showcasing their dining services as an attraction by providing an additional employee benefit, rather than just a meal to attract and retain talent. The companies are offering customized menus and dining experiences to the employees at a subsidized rate, which is becoming a norm to attract and retain the best talent by enhancing employee satisfaction and morale. Such a holistic dining experience also encourages employees to eat together and build a sense of belonging to the company. This, as a result, has given rise to a lot of themed restaurants and fine dining eateries on campus.
The global catering services market is being aided by the increase in demand for healthier fresh food among corporate buyers. The foodservice operators have been shifting their focus on offering healthier meals prepared from fresh ingredients at the location's kitchen and decreasing their dependence on frozen prepared foods. The growing emphasis on the adoption of technology to improve the customer experience and reduce time wasted waiting for food is augmenting the market growth. The rapid increase of global multinationals in the emerging regions has triggered a rise in the demand for specialized catering services. Suppliers are improving their supply capability while adopting performance-based metrics for evaluation and performance monitoring, thus, providing further impetus for industry growth.
Catering services have included healthy eating options, such as organic foods, a balanced vegan diet, and healthy snacks due to the trend of growing health consciousness around the globe. Locally sourced fresh farm produce is in high demand for fruits, vegetables, and meat products, further driving the catering services market. Frozen and processed food is being avoided due to rising quality concerns and issues related to food safety. Increase in the growing penetration of mobile-based payment solutions, such as Apple Pay, Samsung Pay, and Google Android Pay, gives the customers the convenience of making payments through online wallets without the need to carry cash while reducing the time taken for payments at the counter, further invigorating the catering services market growth.
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Competitive Landscape
The report gives a detailed analysis of the following key players in the global catering services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ISS A/S
- Sodexo S.A
- Compass Group plc
- Elior Group
- Jones Lang LaSalle IP, Inc.
- Aramark Corporation
- AVI Foodsystems, Inc
- Thompson Hospitality
- Albron
- Hutten Catering BV
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Service Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Catering Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Catering Services Historical Market (2018-2023)
8.3 Global Catering Services Market Forecast (2024-2032)
8.4 Global Catering Services Market by Service Type
8.4.1 Contractual
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-contractual
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Catering Services Market by Application
8.5.1 Wedding Catering
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Corporate Catering
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Social Events Catering
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Catering Services Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Catering Services Market Analysis
9.1 Market by Service Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Catering Services Market Analysis
10.1 Market by Service Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Catering Services Market Analysis
11.1 Market by Service Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Catering Services Market Analysis
12.1 Market by Service Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Catering Services Market Analysis
13.1 Market by Service Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ISS A/S
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sodexo S.A
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Compass Group plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Elior Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Jones Lang LaSalle IP, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Aramark Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 AVI Foodsystems, Inc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Thompson Hospitality
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Albron
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Hutten Catering BV
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Catering Services Market: Key Industry Highlights, 2018 and 2032
2. Global Catering Services Historical Market: Breakup by Service Type (USD Million), 2018-2023
3. Global Catering Services Market Forecast: Breakup by Service Type (USD Million), 2024-2032
4. Global Catering Services Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Catering Services Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Catering Services Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Catering Services Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Catering Services Market Structure
Key Questions Answered in the Report
The global catering services market is aided by the overall food service market, which reached a value of USD 164.59 billion in the year 2023.
The food service market is expected to grow at a CAGR of 6.6% between 2024 and 2032.
The food service market is expected to reach a value of nearly USD 292.56 billion by 2032.
The major drivers of the market include the rising population, increasing demand in the organised sector, rising number of companies, growing health consciousness, and increasing preference for catering services for smaller events.
The increase in penetration of mobile-based payment solutions, growing emphasis on the adoption of technology to improve customer experience, increase in demand for healthier fresh food, and stringent norms and regulations are the key trends propelling the market’s growth.
The major regions in the market are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific.
The service types in the market are contractual and non-contractual.
The major applications in the market are wedding catering, corporate catering, and social events catering, among others.
The major players in the market are Compass Group plc, Sodexo S.A, Aramark Corporation, AVI Foodsystems, Inc, ISS Facility Services Inc., and Mitie Group plc, among others.
Analyst Review
The global catering services market is aided by the overall food service market which attained a value of nearly USD 164.59 billion in the year 2023, driven by the increase in demand for healthier fresh food. Aided by increasing number of companies and stringent norms and regulations, the food service market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6.6% to reach a value of nearly USD 292.56 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on service type, the market is divided into contractual and non-contractual. On the basis of application, the market is segmented into wedding catering, corporate catering, and social events catering, among others. The major regional markets for catering services market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The major players in the market are ISS A/S, Sodexo S.A, Compass Group plc, Elior Group, Jones Lang LaSalle IP, Inc., Aramark Corporation, AVI Foodsystems, Inc, Thompson Hospitality, Albron, and Hutten Catering BV, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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