The global catering service market was valued at a significant $141.5 billion in 2022. Predictions show that the catering service industry will continue to grow, with revenue predicted to reach a noteworthy USD 207.21 billion by 2029, growing by 5.6% between 2023 and 2029. The increased demand for food and drink opens up a wide range of business options for catering services. The market's growth is further propelled by technological integration that improves customer experience and decreases wait times. Notably, there is a growing need for specialist catering services, especially as more foreign businesses establish themselves in the nation.
Catering Service Market Report Scope and Research Methodology
The global Catering Service Market is the subject of a recent report from Maximize Market Research. The report offers a thorough overview of the market, including trends in the industry (global and regional) and historical performance of the Catering Service market. It is based on substantial primary and secondary research. A thorough study of the Catering Service market, including market size, growth forecasts, trends, and complete future roadmaps, is provided in the Catering Service market report. In order to fully portray the competitive environment of the worldwide market, it also provides strategic profiling of important Catering Service market players.
A thorough analysis of the market competitive landscape, major players, brands, and new product releases in the Catering Service industry is included in this study, along with information on acquisitions, mergers, and joint ventures. Additionally, it offers details on market dynamics, drivers, capacity, and industry trends and changes, assisting Catering Service industry specialists in staying current with the most recent advancements and sector performance. The market share growth between 2022 and 2029 is also forecasted in the report.
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The primary aim of the study is to present a thorough examination of the Catering Service market, incorporating perceptive viewpoints, particulars, and industry-verified statistics. By recording and projecting data for different end-user sectors and their applications into the future, the MMR analyst was able to determine the size of the worldwide Catering Service market using a bottom-up methodology.
Catering Service Market Regional Insights
The study is divided into many important nations and provides information on the size, growth rate, import and export of the Catering Service market in each of these nations. The following nations and regions are included in the report:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
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Catering Service Market Segmentation
This section include both contractual and non-contractual catering services based on the type of service. In 2022, the contractual catering services segment held a dominant position in the catering service market, and this trend is anticipated to persist during the forecast period. Contractual catering is the practice of making long-term agreements or contracts to supply food services to institutions or organizations. This covers catering for large-scale establishments such as healthcare facilities, educational institutions, and business events. By obtaining long-term contracts, catering businesses gain a steady and predictable source of income. Their more efficient resource allocation, menu planning, and operational streamlining increase profitability. Through contractual catering, businesses can establish enduring bonds with their clientele, which may lead to recommendations and return business.
by Service type
Contractual
Non-contractual
by Ownership
Standalone
chain
by Applications
Wedding Catering
Corporate Catering
Social Events Catering
Others
by End-User
Corporate
Industrial
Hospitality
Healthcare
Educational
Sports & Leisure
Others
Catering Service Market Key Players
1. Aramark
2. Bartlett Mitchell Ltd.
3. Caterlink Ltd.
4. CH and Co Catering Group Ltd
5. Delaware North Companies Inc.
6. Deutsche Lufthansa AG
7. Dine Contract Catering Ltd.
8. DO and CO Aktiengesellschaft
9. DoorDash Inc.
10. Elior Group SA
11. Entier Ltd.
12. Fairfax Meadow Europe Ltd.
13. Fooditude Ltd.
14. gategroup Holding AG
15. ISS AS
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