PUBLISHER: Grand View Research | PRODUCT CODE: 1376106
PUBLISHER: Grand View Research | PRODUCT CODE: 1376106
U.S. Catering Services Market Size, Share & Trends Analysis Report By Type (Workplace/ Office Catering, Event Catering), And Segment Forecasts, 2023 - 2030
U.S. Catering Services Market Growth & Trends:
The U.S. catering services market size is expected to reach USD 109.41 billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The growing demand for corporate catering for events and meal kits for offices is expected to drive the corporate catering service industry in the near future.
Corporate catering companies are usually preferred for corporate events due to professionalism, experience, and flexibility. These caterers are professionals with extensive experience in handling all facets of food service for large groups, including menu planning, food preparation, serving, and clean-up. They offer a hassle-free solution for food service needs, whether it is a business luncheon or a sizable conference. In addition, corporate catering services often prove to be a cost-effective choice compared to other event planning alternatives.
ezCater has released insights from its "Feeding the Workplace" report during the Catering Growth Forum at the 2023 Food On Demand Conference, highlighting the evolving role of food in the workplace in a post-COVID world and its impact on the catering industry. The company witnessed an 87% increase in bookings in 2022 compared to 2021.
California, as a major economic and business hub, shares the same emphasis on corporate events, meetings, and workplace perks. These instances highlight the growing demand for corporate catering services in the U.S. and are likely to be similar in California, driving the growth of the catering service market in the state.
The event catering segment accounted for the maximum share of the market. The growing demand for catering services for wedding events, corporate events, social events, cultural events, and sports events in the U.S. is accelerating the market growth. The Foster City Parks and Recreation Department in California organizes various events for local residents. These events not only provide opportunities for community engagement but also create a seasonal surge in demand for catering services.
U.S. Catering Services Market Report Highlights:
- The market is expected to grow at a CAGR of 7.7% from 2023 to 2030. The resurgence of corporate events across the U.S. is expected to boost the growth
- The workplace/ office catering segment is projected to register the fastest CAGR during the forecast period, A surge in new corporate offices and employment opportunities within office environments are the factors fueling the demand for catering services in the U.S.
- The event catering segment accounted for the largest market share in terms of revenue in 2022. The U.S. is home to many annual public events that emphasize the need for these services in the state, which is contributing to the growth of the segment
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation& Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Regional Outlook
Chapter 3. U.S. Catering Services Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Driver Impact Analysis
- 3.3.2. Restraint Impact Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry opportunities
- 3.4. Business Environment Analysis
- 3.4.1. Industry Analysis - Porter's Five Forces
- 3.4.1.1. Supplier Power
- 3.4.1.2. Buyer Power
- 3.4.1.3. Substitution Threat
- 3.4.1.4. Threat from New Entrant
- 3.4.1.5. Competitive Rivalry
- 3.4.1. Industry Analysis - Porter's Five Forces
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Type Adoption
- 4.4. Observations & Recommendations
Chapter 5. U.S. Catering Services Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2021 & 2030
- 5.2. U.S. Catering Services Market Estimates & Forecast, By Type (USD Million)
- 5.2.1. Workplace/ Office Catering
- 5.2.1.1. Breakfast
- 5.2.1.2. Lunch
- 5.2.1.3. Snacks
- 5.2.1.4. Dinner
- 5.2.2. Event Catering
- 5.2.2.1. Weddings
- 5.2.2.2. Corporate Events
- 5.2.2.3. Social Events
- 5.2.2.4. Cultural Events
- 5.2.2.5. Sports Events
- 5.2.2.6. Others
- 5.2.1. Workplace/ Office Catering
Chapter 6. U.S. Catering Services Market: Competitive Analysis
- 6.1. List of key companies analyzed in this section includes:
- 6.1.1. L'Oreal S.A.
- 6.1.2. Bi-Rite Catering
- 6.1.3. Paula LeDuc Fine Catering & Events
- 6.1.4. The Party Helpers
- 6.1.5. Ann Walker Catering, Inc (AWC)
- 6.1.6. Corporate Caterers
- 6.1.7. Elegante Catering
- 6.1.8. Grace Street Catering
- 6.1.9. Catered Too
- 6.1.10. Global Gourmet Catering
- 6.1.11. La Bonne Cuisine Catering and Events
- 6.1.12. Hugh Groman Catering
- 6.2. Recent Developments & Impact Analysis, By Key Market Participants
- 6.3. Company Categorization
- 6.4. Participant's Overview
- 6.5. Financial Performance
- 6.6. Type Benchmarking
- 6.7. Company Market Share Analysis, 2022 (Value % Share)
- 6.8. Company Heat Map Analysis
- 6.8.1. Strategy Mapping
List of Tables
- Table 1 U.S. catering services market estimates & forecast, by type (USD Million)
- Table 2 Recent developments & impact analysis, by key market participants
- Table 3 Company market share, 2022 (Value % Share)
List of Figures
- Fig. 1 U.S. catering services market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 U.S. catering services market - Industry value chain analysis
- Fig. 10 U.S. catering services market dynamics
- Fig. 11 U.S. catering services market: PORTER's analysis
- Fig. 12 U.S. catering services market, by type: Key takeaways
- Fig. 13 U.S. catering services market, by type: Market share, 2022 & 2030
- Fig. 14 U.S. catering services market estimates & forecasts, by workplace/ office catering, 2017 - 2030 (USD Million)
- Fig. 15 U.S. catering services market estimates & forecasts, by event catering, 2017 - 2030 (USD Million)
- Fig. 16 Key company categorization
- Fig. 17 Company market share analysis, 2022 (Value % Share)
- Fig. 18 Strategic framework
