Market Research Report
Global Catering Services Market By Type (Contractual & Non-Contractual), By End User (Industrial, Hospitality, Educational, Healthcare, In-Flight & Others), By Region, Competition, Forecast & Opportunities, 2024
|Published by||TechSci Research||Product code||851675|
|Published||Content info||110 Pages
Delivery time: Inquiry
|Global Catering Services Market By Type (Contractual & Non-Contractual), By End User (Industrial, Hospitality, Educational, Healthcare, In-Flight & Others), By Region, Competition, Forecast & Opportunities, 2024|
|Published: May 1, 2019||Content info: 110 Pages||
Global catering services market stood at $ 130 billion in 2018 and is projected to grow at a CAGR of more than 6% during the forecast period to cross $ 205 billion by 2024, on account of increasing emphasis on the adoption of technology to improve customer experience and reduction in the time spent waiting for food. Catering is the business of providing food service at a remote site or a site such as a hotel, hospital, pub, aircraft, cruise ship, park, filming site or studio, entertainment site, or event venue. Rising demand from high-income households and businesses would aid global catering services market, with consumers spending more money on parties and other catered functions along with loosening corporate budgets in line with stronger corporate profit.
In terms of type, global catering services market has been categorized into contractual catering services and non-contractual catering services. Of these two categories, contractual catering services segment accounted for the largest market share in 2018 and is expected to continue its market dominance during forecast period. Constantly changing dynamics of the modern workforce and insatiable appetite for different types of cuisines are some of the major factors anticipated to aid the leading position of contractual catering services segment. Moreover, contractual catering services segment is likely to be driven by the introduction of various offers such as limited time menu offerings and promotional offers.
Asia-Pacific dominated global catering services market in 2018, followed by North America and Europe. The Asia-Pacific region is expected to maintain its dominating position in the global catering services market during the forecast period. China, India, Japan, Mexico, Australia and Canada are likely to emerge as the potential growth market for catering in coming years.
Global catering services market is consolidated with five major players accounting for the majority share. The leading vendors are investing in the expansion of their international presence and creating strong brand images for their services. Increasing number of mergers and acquisitions is one of the major trends being witnessed in global catering services market. Market players are engaging in merger and acquisition activities to diversify their service portfolio, penetrate new markets, increase their market share, reduce financial costs, and achieve economies of scale.
Years considered for this report:
Some of the major players in global catering services market are Aramark, Compass Group PLC, DO & CO, Elior Group, Cushman & Wakefield, GateGroup, Newrest, Sodexo, WSH, ABM Catering Solution, SV Group, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service & solution providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service & solution providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service & solution providers across the globe.
TechSci Research calculated global catering services market size using a top down approach, where data for various application across various end-user segments was recorded and forecast for the future years was made. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service & solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global catering services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global catering services market.
With the given market data, TechSci Research offers customizations according to a company's specific needs.
The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).
Profit margin analysis in case of direct and indirect sales channel.
4.1 Factors considered while selecting a supplier
4.2 Product awareness and applicability & usage analysis
4.3 Challenges/issues faced post purchase
4.4 Unmet needs
5.1 Market Size & Forecast
5.2 Market Share & Forecast
5.3 Market Attractiveness Index (By Type; By End User; By Region)
6.1 Market Size & Forecast
6.2 Market Share & Forecast
6.3 China Catering Services Market Outlook
6.4 India Catering Services Market Outlook
6.5 Japan Catering Services Market Outlook
6.6 Australia Catering Services Market Outlook
6.7 South Korea Catering Services Market Outlook
6.8 Thailand Catering Services Market Outlook
7.1 Market Size & Forecast
7.2 Market Share & Forecast
7.3 United States Catering Services Market Outlook
7.4 Canada Catering Services Market Outlook
7.5 Mexico Catering Services Market Outlook
8.1 Market Size & Forecast
8.2 Market Share & Forecast
8.3 Germany Catering Services Market Outlook
8.4 United Kingdom Catering Services Market Outlook
8.5 Russia Catering Services Market Outlook
8.6 France Catering Services Market Outlook
8.7 Italy Catering Services Market Outlook
8.8 Spain Catering Services Market Outlook
9.1 Market Size & Forecast
9.2 Market Share & Forecast
9.3 UAE Catering Services Market Outlook
9.4 Saudi Arabia Catering Services Market Outlook
9.5 Iran Catering Services Market Outlook
9.6 South Africa Catering Services Market Outlook
10.1 Market Size & Forecast
10.2 Market Share & Forecast
10.3 Brazil Catering Services Market Outlook
10.4 Argentina Catering Services Market Outlook
10.5 Colombia Catering Services Market Outlook
13.1 Competition Outlook
13.2 Company Profiles
13.3 Global Players Profiled (Leading Companies)
13.3.1 Compass Group PLC
13.3.2 Sodexo, Inc
13.3.4 Cushman & Wakefield
13.3.5 DO & CO
13.3.7 ISS Facilities Services Inc.
13.3.8 Elior Group
13.3.11 ABM Catering Solution
13.3.12 SV Group
(Note: The companies list can be customized based on the client requirements)