Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||957690|
|Published||Content info||165 Pages
Delivery time: 1-2 business days
|Published: September 1, 2020||Content info: 165 Pages||
Global Catering Services Market to Reach $609 Billion by 2027
Amid the COVID-19 crisis, the global market for Catering Services estimated at US$494.5 Billion in the year 2020, is projected to reach a revised size of US$609 Billion by 2027, growing at a CAGR of 3% over the period 2020-2027.
The U.S. Market is Estimated at $133.6 Billion, While China is Forecast to Grow at 5.6% CAGR
The Catering Services market in the U.S. is estimated at US$133.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$124.5 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.We bring years of research experience to this 9th edition of our report. The 165-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,