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Catering Services Market

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.

 

Catering Services Market

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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. 

 

Catering Services Market by Region

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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.

 

catering services market by region

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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
  • 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:

  • Service Type
  • Application
  • Region
Breakup by Service Type
  • Contractual
  • Non-contractual
Breakup by Application
  • Wedding Catering
  • Corporate Catering
  • Social Events Catering
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ISS A/S
  • Sodexo S.A
  • Compass Group plc
  • Elior Group
  • Aramark Corporation
  • AVI Foodsystems, Inc
  • Thompson Hospitality
  • Albron
  • Hutten Catering BV
  • Others

 

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Catering Services Market Report Snapshots

Catering Services Market Size

Catering Services Market Analysis

Catering Services Companies

 

*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    Aramark Corporation
            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    AVI Foodsystems, Inc
            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    Thompson Hospitality
            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    Albron
            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    Hutten Catering BV
            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    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, 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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