Report Overview

The global catering services market reached a value of almost USD 164.59 Billion in the year 2024. The market is further expected to grow at a CAGR of 6.60% between 2025 and 2034 to reach a valuation of almost USD 311.87 Billion by 2034.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • A report from HT Digital Streams Ltd. states that the market was valued at USD 72.67 billion in 2023 and is likely to witness a growth at a 6.2% CAGR during the time frame until 2032, reaching $124.36 billion.
  • This increase is underpinned by consumer preference changing and fast-paced technological strides that bolster operational efficiencies and customer experience, pushing the growth of the catering services market.
  • A growing trend towards outsourcing food services in corporate and social events drives consistent demand.

Catering Services Market Competitive Landscape

The global catering services market is highly competitive, with major players like Compass Group, Sodexo, Aramark, Elior Group, Delaware North, Gategroup, and DO & CO leading the industry. Each of these companies leverages unique strengths to capture and expand market share, contributing to a dynamic and challenging landscape, and accelerating catering services market revenue.

 

Founded in 1941, Compass Group is based in Chertsey, United Kingdom. It is one of the largest catering service providers; the Group has large-scale operations and provides all-rounded services. It believes in investing heavily in developing technology to further improve efficiency and customer experience in all of its targeted verticals: corporate dining, healthcare, and education—a blend that places it at the top among the food service companies.

 

Having its headquarters in Paris, France, Sodexo was founded in the year 1966. It focuses on extensive service offerings and large-scale operations. Important investments made by Sodexo in technology strive to achieve efficiency and customer satisfaction levels. Industries of coverage by them include corporate dining, health care, education, and other significant sectors, due to which they stay at the top of the global catering market.

 

Headquartered in Philadelphia, United States, Aramark was established in 1959. It capitalises on its global network and diversified service portfolio to manage its operations. Specialised to serve such sectors as sports and leisure, remote sites, and defence, it doesn't easily get affected by the ups and downs of the market, hence gaining a competitive edge in the global catering industry.

 

Headquartered in Paris, France, Elior Group and founded in 1991, is adept at how to leverage its global presence and diversified services to address all kinds of markets. It has built a strong position in the field of sports and leisure, remote sites, and defence, which places it ahead of its competitors in responding to changes in market conditions.

 

Founded in 1915 and headquartered in Buffalo, United States, Delaware North pays much attention to service diversification and customer-oriented approaches. Under conditions of strong rivalry in the catering services sector, Delaware North is oriented to provide bespoke services across a variety of sectors with the purpose of strengthening the company's competitive positioning against other major players.

 

Gategroup, a Zurich-based supplier of airline catering and inflight services founded in 1992, focuses on core competencies and positioning at the main international airports, better capture of niche markets, and alignment with major airlines in driving innovation in travel and hospitality.

 

DO & CO is a company founded in 1981 and headquartered in Vienna, Austria. It participates in the business of aeroplane catering and inflight services. The concentration on this niche market of important international airports gives the ability to respond to the demand from leading airlines. To stay at the forefront of the changing travel industry, this requires innovation on a continuing basis.

 

Companies that are smaller in size or younger participants in the catering services market basically promote sustainability, local sourcing, and customised products. Despite the high competitive rivalry in the general competitive landscape, new business models of innovation and brand loyalty created by unique eco-friendly services further add to the dynamics of the market.

 

Catering Services Market Report Snapshots

Catering Services Market Size

Catering Services Market Growth

Catering Services Market Trends

Catering Services Market Share

Catering Services Market Analysis

Catering Services Companies

Catering Services Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global catering services market reached a value of USD 164.59 Billion in the year 2024.

The market is expected to grow at a CAGR of 6.60% between 2025 and 2034.

The market is expected to reach a value of nearly USD 311.87 Billion by 2034.

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, the 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.

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