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Catering Services Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR41445
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The catering services market share is expected to increase by USD 187.56 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 6.1%. This catering services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The catering services market report also offers information on several market vendors, including Aramark, bartlett mitchel Ltd., Compass Group Plc, Delware North Companies Inc., Deutsche Lufthansa AG, DO & CO Group, Elior Group, Emirates Flight Catering Co., gategroup, and Newrest Group Services SAS among others. Furthermore, this report extensively covers catering services market segmentation by service (contract catering services and concession catering services) and geography (APAC, North America, Europe, MEA, and South America).

What will the Catering Services Market Size be During the Forecast Period?

Catering Services Market Size

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Catering Services Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative mpact on the market growth during and post COVID-19 era. The increasing popularity of online catering is notably driving the catering services market growth, although factors such as fluctuations in food commodity prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the catering services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Catering Services Market Driver

The growing urban population is instilling new habits and increasing the desire for international cuisine. The worldwide fast-food sector is being fueled by changing lifestyles, changing dietary choices, rising urbanisation, and an increase in the number of nuclear families. Consumers all around the world are experimenting with new cuisines as a result of their exposure to international cultures and lifestyles, which is creating growth potential for the global fast-food business. Many developed and emerging countries are seeing an increase in the popularity of mobile food service providers, since on-the-go foods are becoming popular among their working populations.The popularity of mobile food service providers is growing in many developed and emerging countries, as on-the-go foods are commonly preferred by these countries' working populations. The rise in consumer spending power in APAC and South America is also propelling the mobile food services market, which has a favourable impact on the global catering services market. As a result of the increased demand for convenience foods, vendors are expanding their mobile foodservice offerings in the QSR segment, which is propelling the worldwide catering services market forward.

Key Catering Services Market Trend

The marketing initiatives will fuel the global catering services market growth. Consumer demand for increasingly diverse cuisines is on the rise around the world. This is due to changing customer tastes as they seek fresh and robust flavors as well as premium alternatives. The expanding millennial demographic is demonstrating a preference for novel and exotic-flavored cuisine. Consumers now have a variety of options for customized food based on their preferences and daily calorie intake. This is due to the fact that customization helps customers feel both special and cared to. As a result, catering service providers throughout the world are coming up with new recipes and goods to offer in their menus. The above factors will increase the demand for the global catering services market during the forecast period.

Key Catering Services Market Challenge

Fluctuations in food commodity prices are a major challenge for the global catering services market growth. The price of food commodities such as sugar, cereals, meat, salt, vegetables, and dairy products has a significant impact on the worldwide catering services business. These are raw materials used in food preparation, thus their current costs are critical for the catering services business. Raw material shortages have an impact on the market's growth. Weather-related shortages and natural disasters are the most common causes of shortages. Wheat, for example, grows best in warm weather. Temperature needs, on the other hand, vary depending on the stage of development. Climate differences can have a negative impact on grain output volume and quality. Natural disasters such as floods, droughts, and tropical storms can also have an impact on agricultural production volumes. Natural calamities account for more than 23% of total damages and losses in developing nations, according to the United Nations Food and Agriculture Organization, with drought accounting for more than 82 percent of damages.

This catering services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

The global catering services market is part of the global restaurants market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the catering services market during the forecast period.

Who are the Major Catering Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Aramark
  • bartlett mitchel Ltd.
  • Compass Group Plc
  • Delware North Companies Inc.
  • Deutsche Lufthansa AG
  • DO & CO Group
  • Elior Group
  • Emirates Flight Catering Co.
  • gategroup
  • Newrest Group Services SAS

 

This statistical study of the catering services market encompasses successful business strategies deployed by the key vendors. The catering services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aramark - The company offers catering and dining services in sectors such as education, healthcare, business and industry, sports, leisure and corrections, and facilities and others.
  • Aramark - Under the FSS United States segment, the company offers rental, sale, cleaning, maintenance, and delivery of personalized uniforms and other textile items on a contract basis, and direct marketing of personalized uniforms and accessories to clients in a wide range of industries in the US.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The catering services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Catering Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the catering services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Catering Services Market?

Catering Services Market Market segmentation by region

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46% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for catering services market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the adoption of catering services by enterprises across industries in countries will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The pandemic has compelled the governments of various countries in the region to impose strict lockdowns to isolate people in their homes, which affected the market growth. This had impacted the operations of catering service chains in major countries such as China, India, and Japan. However, relaxation of lockdown norms and resumption of operations with limited capacity in commercial areas such as hotels and restaurants will slowly improve the market growth in 2021.

What are the Revenue-generating Service Segments in the Catering Services Market?

Catering Services Market Segmentation

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The catering services market share growth by the contract catering services market segment will be significant during the forecast period. Contract caterers are hired by educational institutions, industries and businesses, hospitals, organizers of events, such as marriages, luncheons, parties, and other large-scale organizations to provide food services to workers, employees, attendees, and customers. The advantage of contract catering services is increased accountability from the caterer, convenience for customers, and regulatory compliance with food hygiene and safety requirements. Hence, contract catering services have become one of the most popular types of catering services. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the catering services market size and actionable market insights on post COVID-19 impact on each segment.

Catering Services Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6.1%

Market growth 2020-2024

$ 187.56 billion

Market structure

Fragmented

YoY growth (%)

6.03

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Japan, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aramark, bartlett mitchel Ltd., Compass Group Plc, Delware North Companies Inc., Deutsche Lufthansa AG, DO & CO Group, Elior Group, Emirates Flight Catering Co., gategroup, and Newrest Group Services SAS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Catering Services Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive catering services market growth during the next five years
  • Precise estimation of the catering services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the catering services industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of catering services market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 02: Market characteristics
    • Exhibit 03: Value Chain Analysis: Restaurant market
  • 2.2 Value chain analysis

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 05: Market segments
    • 3.2 Market segment analysis
      • 3.3 Market size 2020
        • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • 3.4 Market outlook: Forecast for 2020 - 2025
        • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

      4 Five Forces Analysis

      • 4.1 Five forces summary
        • 4.2 Bargaining power of buyers
          • Exhibit 09: Bargaining power of buyers
          • Exhibit 10: Bargaining power of suppliers
        • 4.3 Bargaining power of suppliers
          • Exhibit 11: Threat of new entrants
        • 4.4 Threat of new entrants
          • 4.5 Threat of substitutes
            • Exhibit 12: Threat of substitutes
          • 4.6 Threat of rivalry
            • Exhibit 13: Threat of rivalry
            • Exhibit 14: Market condition - Five forces 2020
          • 4.7 Market condition

            5 Market Segmentation by Service

            • 5.1 Market segments
              • Exhibit 16: Comparison by Service
            • 5.2 Comparison by Service
              • Exhibit 17: Contract catering services - Market size and forecast 2020-2025 ($ billion)
            • 5.3 Contract catering services - Market size and forecast 2020-2025
              • Exhibit 18: Contract catering services - Year-over-year growth 2020-2025 (%)
              • Exhibit 19: Concession catering services - Market size and forecast 2020-2025 ($ billion)
            • 5.4 Concession catering services - Market size and forecast 2020-2025
              • Exhibit 20: Concession catering services - Year-over-year growth 2020-2025 (%)
              • Exhibit 21: Market opportunity by Service
            • 5.5 Market opportunity by Service

              6 Customer landscape

              7 Geographic Landscape

              • 7.1 Geographic segmentation
                • Exhibit 24: Geographic comparison
              • 7.2 Geographic comparison
                • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ billion)
              • 7.3 APAC - Market size and forecast 2020-2025
                • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
                • Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
              • 7.4 North America - Market size and forecast 2020-2025
                • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
                • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
              • 7.5 Europe - Market size and forecast 2020-2025
                • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
                • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ billion)
              • 7.6 MEA - Market size and forecast 2020-2025
                • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
                • Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
              • 7.7 South America - Market size and forecast 2020-2025
                • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
                • Exhibit 35: Key leading countries
              • 7.8 Key leading countries
                • 7.9 Market opportunity by geography
                  • Exhibit 36: Market opportunity by geography ($ billion)

                8 Drivers, Challenges, and Trends

                • 8.1 Market drivers
                  • 8.2 Market challenges
                    • Exhibit 37: Impact of drivers and challenges
                  • 8.3 Market trends

                    9 Vendor Landscape

                    • 9.1 Overview
                      • Exhibit 39: Landscape disruption
                    • 9.2 Landscape disruption
                      • Exhibit 40: Industry risks

                    10 Vendor Analysis

                    • 10.1 Vendors covered
                      • 10.2 Market positioning of vendors
                        • 10.3 Aramark Corp.
                          • Exhibit 45: Aramark Corp. – Key news
                          • Exhibit 46: Aramark Corp. - Key offerings
                          • Exhibit 47: Aramark Corp. - Segment focus
                          • Exhibit 48: bartlett mitchell Ltd. - Overview
                          • Exhibit 49: bartlett mitchell Ltd. - Product and service
                          • Exhibit 50: bartlett mitchell Ltd. - Key offerings
                        • 10.4 bartlett mitchell Ltd.
                          • Exhibit 51: CH and Co Catering Group Ltd. - Overview
                          • Exhibit 52: CH and Co Catering Group Ltd. - Product and service
                          • Exhibit 53: CH and Co Catering Group Ltd. – Key news
                        • 10.5 CH and Co Catering Group Ltd.
                          • Exhibit 54: CH and Co Catering Group Ltd. - Key offerings
                          • Exhibit 55: Delaware North Companies Inc. - Overview
                          • Exhibit 56: Delaware North Companies Inc. - Product and service
                          • Exhibit 57: Delaware North Companies Inc. - Key offerings
                        • 10.6 Delaware North Companies Inc.
                          • Exhibit 58: Deutsche Lufthansa AG - Overview
                          • Exhibit 59: Deutsche Lufthansa AG - Business segments
                        • 10.7 Deutsche Lufthansa AG
                          • Exhibit 60: Deutsche Lufthansa AG - Key offerings
                          • Exhibit 61: Deutsche Lufthansa AG - Segment focus
                          • Exhibit 62: Dine Contract Catering Ltd. - Overview
                          • Exhibit 63: Dine Contract Catering Ltd. - Product and service
                          • Exhibit 64: Dine Contract Catering Ltd. - Key offerings
                        • 10.8 Dine Contract Catering Ltd.
                          • Exhibit 65: DO & CO Aktiengesellschaft - Overview
                          • Exhibit 66: DO & CO Aktiengesellschaft - Business segments
                        • 10.9 DO & CO Aktiengesellschaft
                          • Exhibit 67: DO & CO Aktiengesellschaft - Key offerings
                          • Exhibit 68: DO & CO Aktiengesellschaft - Segment focus
                          • Exhibit 69: DoorDash Inc. - Overview
                          • Exhibit 70: DoorDash Inc. - Business segments
                          • Exhibit 71: DoorDash Inc. - Key offerings
                        • 10.10 DoorDash Inc.
                          • Exhibit 72: Elior Group SA - Overview
                          • Exhibit 73: Elior Group SA - Business segments
                          • Exhibit 74: Elior Group SA - Key offerings
                        • 10.11 Elior Group SA
                          • Exhibit 75: Elior Group SA - Segment focus
                          • Exhibit 76: The Emirates Group - Overview
                          • Exhibit 77: The Emirates Group - Business segments
                          • Exhibit 78: The Emirates Group - Key offerings
                        • 10.12 The Emirates Group
                          • Exhibit 79: The Emirates Group - Segment focus

                        11 Appendix

                        • 11.1 Scope of the report
                          • Exhibit 80: Currency conversion rates for US$
                        • 11.2 Currency conversion rates for US$
                          • Exhibit 81: Research Methodology
                        • 11.3 Research methodology
                          • Exhibit 82: Validation techniques employed for market sizing
                          • Exhibit 83: Information sources
                          • Exhibit 84: List of abbreviations
                        • 11.4 List of abbreviations

                          Research Framework

                          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                          TechnavioINFORMATION SOURCES

                          Primary sources

                          • Manufacturers and suppliers
                          • Channel partners
                          • Industry experts
                          • Strategic decision makers

                          Secondary sources

                          • Industry journals and periodicals
                          • Government data
                          • Financial reports of key industry players
                          • Historical data
                          • Press releases
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                          TechnavioDATA ANALYSIS

                          Data Synthesis

                          • Collation of data
                          • Estimation of key figures
                          • Analysis of derived insights

                          Data Validation

                          • Triangulation with data models
                          • Reference against proprietary databases
                          • Corroboration with industry experts
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                          TechnavioREPORT WRITING

                          Qualitative

                          • Market drivers
                          • Market challenges
                          • Market trends
                          • Five forces analysis

                          Quantitative

                          • Market size and forecast
                          • Market segmentation
                          • Geographical insights
                          • Competitive landscape
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                          Catering Services Market market growth will increase by $187.56 billion during 2020-2024.
                          The catering services market market is expected to grow at a CAGR of 6.1% during 2020-2024.
                          Technavio has segmented the catering services market market by service (Contract catering services and Concession catering services) ,geography (APAC, North America, Europe, and South America) , and geographic (APAC, North America, Europe, and South America).
                          Aramark, bartlett mitchel Ltd., Compass Group Plc, Delware North Companies Inc., Deutsche Lufthansa AG, DO & CO Group, Elior Group, Emirates Flight Catering Co., gategroup, Newrest Group Services SAS are a few of the key vendors in the catering services market market.
                          APAC will register the highest growth rate of 46% among the other regions. Therefore, the catering services market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                          The key factors driving the catering services market market growth are:
                          • increasing popularity of online catering
                          • Marketing initiatives
                          The catering services market market vendors should focus on grabbing business opportunities from the contract catering services segment as it accounted for the largest market share in the base year.
                          • What are the key global market and the regional market share?
                          • What are the revenue-generating key market segments?
                          • What are the key factors driving and challenging this market’s growth?
                          • Who are the key market vendors and their growth strategies?
                          • What are the latest trends influencing the growth of this market?
                          • What are the variables influencing the market growth in the primary regions?
                          • What are the factors influencing the growth of the parent market?
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                          • Detailed vendors report with competitive landscape
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                          • Data on revenue-generating market segments
                          • Details on the market shares of various regions
                          • Five-force market analysis

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