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Global Catering Services Market: Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Price, EMR’s Key Indicators for Demand; Value Chain Analysis; Procurement Strategy; Competitive Landscape; Industry Events and Developments
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 516.8 billion in the year 2020. The food service industry is further expected to grow at a CAGR of 4.5% between 2021 and 2026 to reach a value of almost USD 672.9 billion by 2026.
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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.
Properties and Applications
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.
The products used in the catering services equipment industry are:
- Primary Cooking
- Refrigeration and Ice Machines
- Storage and Handling
- Serving Equipment
- Food Preparation
- Warewashing and Sanitation
The report also covers the regional markets of the product 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.
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:
- Compass Group plc
- Sodexo
- Aramark Corporation (NYSE: ARMK)
- ISS Facility Services Pvt Ltd.
- AVI Foodsystems, Inc
- Mitie Group plc
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Region |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Compass Group plc, Sodexo S.A, Aramark Corporation, AVI Foodsystems, Inc, ISS Facility Services Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Catering Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Catering Services Market by Region
8.2.1 Market Share
8.2.1.1 North America
8.2.1.2 Europe
8.2.1.3 Asia Pacific
8.2.1.4 Latin America
8.2.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Global Food Service Industry Market
10.1 Global Food Service Industry Historical Market (2017-2021)
10.2 Global Food Service Industry Market Forecast (2022-2027)
10.3 Global Food Service Industry Market by Region
10.3.1 Market Share
10.3.1.1 North America
10.3.1.2 Europe
10.3.1.3 Asia Pacific
10.3.1.4 Latin America
10.3.1.5 Middle East and Africa
11 Global Catering Services Equipment Market
11.1 Global Catering Services Equipment Historical Market (2017-2021)
11.2 Global Catering Services Equipment Market Forecast (2022-2027)
11.3 Global Catering Services Equipment Market by Product
11.3.1 Primary Cooking
11.3.1.1 Market Share
11.3.1.2 Historical Trend (2017-2021)
11.3.1.3 Forecast Trend (2022-2027)
11.3.2 Refrigeration and Ice Machines
11.3.2.1 Market Share
11.3.2.2 Historical Trend (2017-2021)
11.3.2.3 Forecast Trend (2022-2027)
11.3.3 Storage and Handling
11.3.3.1 Market Share
11.3.3.2 Historical Trend (2017-2021)
11.3.3.3 Forecast Trend (2022-2027)
11.3.4 Serving Equipment
11.3.4.1 Market Share
11.3.4.2 Historical Trend (2017-2021)
11.3.4.3 Forecast Trend (2022-2027)
11.3.5 Food Preperation
11.3.5.1 Market Share
11.3.5.2 Historical Trend (2017-2021)
11.3.5.3 Forecast Trend (2022-2027)
11.3.6 Warewashing and Sanitation
11.3.6.1 Market Share
11.3.6.2 Historical Trend (2017-2021)
11.3.6.3 Forecast Trend (2022-2027)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 EMR’s Key Indicators for Demand
12.4 EMR’s Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Compass Group plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Sodexo S.A
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Aramark Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 AVI Foodsystems, Inc
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 ISS Facility Services Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
List of Figures and Tables
1. Global Catering Services Market: Key Industry Highlights, 2016 and 2026
2. Global Catering Services Historical Market: Breakup by Region (USD Million), 2017-2021
3. Global Catering Services Market Forecast: Breakup by Region (USD Million), 2022-2027
4. North America Catering Services Historical Market: Breakup by Country (USD Million), 2017-2021
5. North America Catering Services Market Forecast: Breakup by Country (USD Million), 2022-2027
6. Europe Catering Services Historical Market: Breakup by Country (USD Million), 2017-2021
7. Europe Catering Services Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Asia Pacific Catering Services Historical Market: Breakup by Country (USD Million), 2017-2021
9. Asia Pacific Catering Services Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Latin America Catering Services Historical Market: Breakup by Country (USD Million), 2017-2021
11. Latin America Catering Services Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Middle East and Africa Catering Services Historical Market: Breakup by Country (USD Million), 2017-2021
13. Middle East and Africa Catering Services Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Global Food Services Industry Market, 2017-2027
15. Global Food Services Industry Historical Market: Breakup by Region (USD Million), 2017-2021
16. Global Food Services Industry Market Forecast: Breakup by Region (USD Million), 2022-2027
17. Global Catering Services Equipment Market, 2017-2027
18. Global Catering Services Equipment Historical Market: Breakup by Product (USD Million), 2017-2021
19. Global Catering Services Equipment Market Forecast: Breakup by Product (USD Million), 2022-2027
20. Global Catering Services Market Structure
Analyst Review
The global catering services market attained a value of USD 516.8 billion in 2020. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 4.5%. The industry is projected to reach USD 672.9 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of types of equipment product, the industry is segmented into primary cooking, refrigeration and ice machines, storage and handling, serving equipment, food preparation, and warewashing and sanitation. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the industry. The key players in the industry include Compass Group plc, Sodexo, Aramark Corporation, ISS Facility Services Pvt Ltd., AVI Foodsystems, Inc, and Mitie Group plc, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, growing awareness of health, rising demand for fresh food in corporate offices, and the rising penetration into the organised sector of emerging countries are expected to aid the market growth. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global catering services market performed in the previous years (2017-2021)?
- What is the forecast assessment of the market for 2022-2027?
- What are the major market drivers and constraints?
- What are the major demand indicators of the global catering services market?
- Who are the key players of the service in the global market?
- What is the degree of competition in the global catering services market?
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