Global Catering and Food Service Market - Overview:
In recent years there have been a shift in demand for catering and food services market due to changing lifestyle and urbanization across the globe. Catering and food service industry offers services on contractual basis or single event basis. Catering and food service includes catering services for banquet halls, airline services, canteen catering, etc. Catering and food service does not include services such as mobile food service i.e. food trucks and food vending machine. In addition, factors such as hectic lifestyle and challenges related to cooking at home are driving the growth for catering and food service market. Furthermore, restaurants and hotels are coming up with innovative food service catering which are expected to drive the catering and food service market. Catering and food service market is also driven as individuals between 18 and 35 age group are preferring outside food due to their hectic lifestyle. Due to bulk transportation of food items the cost per person also decreases which is also a driving factor for catering and food service at events. Catering and food service also helps in providing hygienic and healthy food to several institutes such as offices, schools, colleges, airplane, etc. All this factors helps in the growth of catering and food service market during the forecast period 2018 – 2028.
Global Catering and Food Service Market - Dynamics:
Catering and food service market is expected to grow substantially on the backdrop of increasing demand for ready to eat outdoor food and accessibility across the globe. Due to better packaging, catering and food service also provides healthy and hygienic food for the consumers. In addition, due to convenience from catering and food service it is widely being used in schools, colleges, restaurants, offices, cafeterias, etc. Furthermore, several fast food companies are accepting catering and food service in order to increase their presence. Moreover, the high cost of maintaining consistency and hygiene of food items by using a large labor force is one of the challenging factor for catering and food service market.
Global Catering and Food Service Market - Segmentation:
The global catering and food service market is segmented by service type, food type, and by end use. The pricing for catering and food service has being done based on size segment in US$ million.
On the basis of service type, the global catering and food service market is segmented into -
- Fast Food Restaurants
- Full Service Restaurants
- Event Catering
- Street Food
- Airlines Services
On the basis of food type, the global catering and food service market is segmented into -
- Ready to Eat Food
- Dairy Products
- Bakery & Confectionary
On the basis of end use, the global catering and food service market is segmented into -
- Medical Institution
- Education Institution
- Government Organizations
Catering and food service are mainly used for commercial organization and government organizations end use.
Global Catering and Food Service Market – Regional Overview:
The North American market is anticipated to witness the highest market share for the global catering and food service market during the forecast period 2018 - 2028. Followed by Europe which is estimated to witness above average growth for catering and food service market during the forecast period. The Asia Pacific catering and food service market is expected to witness the significant growth due to extensive demand for catering and food service in airports and commercial organizations in this region. The catering and food service market in the Latin America and Middle East & Africa region is anticipated to witness sluggish growth during the forecast period.
Global Catering and Food Service Market – Key Players:
A few of the key players in the catering and food service market are Compass Group PLC, Aramark Corporation, Sodexo, Inc. Thompson Hospitality Services LLC, Elior Group S.A., Delaware North Companies, Inc., DO & CO Aktiengesellschaft, dnata Ltd., Goddard Catering Group Ltd., Newrest Group International S.A.S, TajSATS Air Catering Limited, Ocean Catering Company, Cosmopolitan Catering, Performance Food Group Company, etc.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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