Catering Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR41445
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The catering services market share is expected to increase by USD 104.92 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.45%.

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. Furthermore, this report extensively covers market segmentation by service (contract catering services and concession catering services) and geography (APAC, North America, Europe, MEA, and South America). The catering services market report also offers information on several market vendors, including Aramark Corp., bartlett mitchell Ltd., CH and Co Catering Group Ltd., Delaware North Companies Inc., Deutsche Lufthansa AG, Dine Contract Catering Ltd., DO & CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, and The Emirates Group among others.

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

Download the Free Report Sample to Unlock the Catering Services Market Size for the Forecast Period and Other Important Statistics

 

Catering Services Market: Key Drivers and Trends

Based on our research output, there has been a negative impact 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 market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Catering Services Market Driver

The increasing popularity of online catering is one of the major factors driving the growth of the catering services market size. Online catering enables consumers to select food items from the prescribed menu on the website and subsequently place an order. Also, these online channels allow customers to create personal accounts to make future ordering convenient as these accounts record customers' preferences. This helps vendors to market new products for generating repeated sales. As a result, online ordering platforms are used as an effective marketing tool to promote products and drive sales by enabling customers to place orders quickly and easily. Furthermore, online catering channels are adding delivery services to bring food to consumers' doors along with catering services. Moreover, vendors are partnering with logistics companies to promote the timely delivery of a chosen food item, thereby increasing their operational efficiency. 

Catering Services Market Trend

The marketing initiatives are key trends supporting the catering services market share growth. Vendors that operate in the global catering services market are focusing on using integrated marketing communication and using newspapers, magazines, and social media platforms, such as YouTube and Facebook, to promote their services. These communication channels are playing a key role in the marketing strategy of catering services and their outlets. 

Catering Services Market Challenge

The fluctuation in food commodity prices is a major challenge for the catering services market growth. The global catering services market is highly dependent on the prices of food commodities such as sugar, grains, meat, salt, vegetables, and dairy products. These comprise raw materials required for cooking food, and hence their existing prices are very important for the catering services market. As the global catering services market is driven by price competition and product differentiation, maintaining a balance between food prices and quality is very important for catering companies. In a highly competitive market, caterers must maintain low prices irrespective of production costs to attract and retain consumers. Thus, fluctuating food commodity prices are major challenges faced by foodservice operators.

Parent Market Analysis

Technavio categorizes the global catering services market as a part of the global restaurants market within the overall restaurants market. The parent global restaurants market covers companies, owners, and operators of restaurants, hotels, bars, pubs, fast-food joints, take-out facilities, and food catering services. Technavio calculates the global restaurants market size based on combined revenue generated by manufacturers/providers of hotels, resorts and cruise lines, casinos and gaming, leisure facilities, and restaurants. 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 market in focus during the forecast period.

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 2021-2025.

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 Corp.
  • bartlett mitchell Ltd.
  • CH and Co Catering Group Ltd.
  • Delaware North Companies Inc.
  • Deutsche Lufthansa AG
  • Dine Contract Catering Ltd.
  • DO & CO Aktiengesellschaft
  • DoorDash Inc.
  • Elior Group SA
  • The Emirates Group

 

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 growth strategies such as focusing on innovations and customization in food menus to compete in the market.

Product Insights and News

  • CH and Co Catering Group Ltd. - In September 2020, the company announced the partnership with Gather and Gather as the latest franchisee at Oxford Brookes University.  
  • Aramark Corp. – In June 2021, the company announced the appointment of Debbie Albert as Senior Vice President, Corporate Communications. 

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 chains 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 value chain of catering services includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

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

Which are the Key Regions for Catering Services Market?

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45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for catering services in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Factors such as growing preference to dine in the office will facilitate the catering services 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 decline in footfalls in catering services in commercial sectors significantly impacted the revenue generated by vendors in the market in H1 and H2 of 2020. Hence, the market witnessed a slow growth in 2020. 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. The catering services market report has further insights to estimate the COVID recovery rate in all the regions. 

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

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The catering services market share growth by the contract catering services segment will be significant during the forecast period. 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

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.45%

Market growth 2021-2025

$ 104.92 billion

Market structure

Fragmented

YoY growth (%)

2.12

Regional analysis

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

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Aramark Corp., bartlett mitchell Ltd., Caterlink Ltd., CH and Co Catering Group Ltd., Delaware North Companies Inc., Deutsche Lufthansa AG, Dine Contract Catering Ltd., DO & CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, Entier Ltd., Fairfax Meadow Europe Ltd., Fooditude Ltd., gategroup Holding AG, ISS AS, Newrest Group International SAS, Pret A Manger, rhubarb Food Design Ltd., SAVORY Inc., The Emirates Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the 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 2021-2025
  • 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                             

                                2.2.1 Parent Market    

                                Exhibit 01:  Parent market        

                                Exhibit 02:  Market characteristics         

                2.2 Value chain analysis                           

                                Exhibit 03:  Value Chain Analysis: Restaurant market     

                                2.2.1 Inputs     

                                2.2.2 inbound Logistics

                                2.2.3    Operations        

                                2.2.4    Outbound logistics          

                                2.2.5    Marketing and sales       

                                2.2.6    Service

                                2.2.7    Support activities            

                                2.2.8    Innovation         

3. Market Sizing                                       

                3.1     Market definition                            

                                Exhibit 04:  Offerings of vendors included in the market definition          

                3.2     Market segment analysis                             

                                Exhibit 05:  Market segments  

                3.3     Market size 2020                             

                3.4     Market outlook: Forecast for 2020 - 2025                              

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)       

                                Exhibit 07:  Global market: Year-over-year growth 2019 - 2024 (%)         

4. Five Forces Analysis                                          

                4.1 Five Forces Summary                        

                                Exhibit 08: Five forces analysis 2019 & 2024       

                4.2 Bargaining power of buyers                           

                                Exhibit 09:  Bargaining power of buyers              

                4.3 Bargaining power of suppliers                       

                                Exhibit 10:  Bargaining power of suppliers          

                4.4 Threat of new entrants                    

                                Exhibit 11:  Threat of new entrants       

                4.5 Threat of substitutes                         

                                Exhibit 12:  Threat of substitutes           

                4.6 Threat of rivalry                   

                                Exhibit 13:  Threat of rivalry      

                4.7 Market condition                

                                Exhibit 14: Market condition - Five forces 2020

5. Market Segmentation by Service                                

                5.1 Market segments               

                The segments covered in this chapter are:       

  • Contract catering services 
  • Concession catering services           

The two segments have been ranked based on their market share in 2020. The contract catering services constituted the largest segment in 2020, while the smallest segment was concession catering services    

                                Exhibit 15: Service - Market share 2020-2025 (%)           

                5.2 Comparison by Service                     

                                Exhibit 16: ​Comparison by Service         

                5.3 Contract catering services- Market size and forecast 2020-2025                     

                                Exhibit 17: Contract catering services - Market size and forecast 2020-2025 ($ million)​  

                                Exhibit 18:  Contract catering services - Year-over-year growth 2020-2025 (%)   

                5.4    Concession catering services- Market size and forecast 2020-2025                              

Exhibit 19:   Concession catering services  - Market size and forecast 2020-2025 ($ million)​          

                                Exhibit 20:   Concession catering services- Year-over-year growth 2020-2025 (%)             

                5.6 Market opportunit by Service                        

                                Exhibit 21: ​Market opportunity by Service         

6. Customer landscape                                         

                                Exhibit 22: ​Customer landscape​              

7. Geographic Landscape                                     

                7.1 Geographic segmentation               

                The regions covered in the report are:              

  • APAC         
  • North America       
  • Europe      
  • MEA           
  • South America       

North America ranked first as the largest market globally, while MEA accounted for the smallest market share in 2020     

                                Exhibit 23: ​Market share by geography 2020-2025 (%)

                7.2 Geographic comparison                   

                                Exhibit 24: Geographic comparison       

                7.3   APAC - Market size and forecast 2020-2025​                          

                                Exhibit 25: ​  APAC- Market size and forecast 2020-2025 ($ million)​          

                                Exhibit 26:    APAC - Year-over-year growth 2020-2025 (%)         

                7.4      North America- Market size and forecast 2020-2025                       

                                Exhibit 27: ​     North America - Market size and forecast 2020-2025 ($ million)   

                                Exhibit 28: ​     North America - Year-over-year growth 2020-2025 (%)     

                7.5  Europe - Market size and forecast 2020-2025                        

                                Exhibit 29:   Europe- Market size and forecast 2020-2025 ($ million)​       

                                Exhibit 30:    Europe- Year-over-year growth 2020-2025 (%)       

                7.6     MEA - Market size and forecast 2019-2024                           

                                Exhibit 31: MEA - Market size and forecast 2019-2024 ($ billion)              

                                Exhibit 32: MEA-Year-over-year growth 2020-2024 (%)

                7.7 South America - Market size and forecast 2019-2024                           

                                Exhibit 33:  South America - Market size and forecast 2019-2024 ($ billion)         

                                Exhibit 34:  South America - Year-over-year growth 2020-2024 (%)         

                7.8 Key leading countries                        

                                Exhibit 35: Key leading countries            

                7.9 Market opportunity by geography               

                                Exhibit 36: Market opportunity by geography ($ million)              

8. Drivers, Challenges, and Trends                                   

                8.1 ​Market drivers                     

                                8.1.1    Increasing popularity of online catering 

                                8.1.2    Introduction of new food menus              

                                8.1.3    Increasing promotional initiatives            

                8.2 Market challenges                              

                                8.2.1    Fluctuations in food commodity prices   

                                8.2.2    Growing preference for home-cooked foods      

                                8.2.3    Rising risks with suppliers            

                                Exhibit 37:  Impact of drivers and challenges     

                8.3 Market trends                      

                                8.3.1    Marketing initiatives      

                                8.3.2    New contracts  

                                                8.3.2.1 Newrest Group Services SAS

                                                8.3.2.2 gategroup

                                                8.3.2.3 LSG Lufthansa Service Holding

                                                8.3.2.4 ISS

                                                8.3.2.5 Delaware North Companies

                                                8.3.2.6 CH&CO

                                                8.3.2.7 DO & CO

                                                8.3.2.8 Compass Group

                                                8.3.2.9 Elior Group

                                8.3.3    Rising demand for healthy foods in menus           

9. Vendor Landscape                                             

                9.1 Overview               

                                Exhibit 38: Vendor landscape  

                9.2 Landscape disruption                        

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.               

                                Exhibit 39: ​Landscape disruption​            

                                Exhibit 40: Industry risks            

10. Vendor Analysis                               

                10.1 Vendors covered                              

                                Exhibit 41: Vendors covered    

                10.2 Market positioning of vendors                    

                                Exhibit 42: ​Market positioning of vendors​          

                10.3 Aramark Corp.                   

                                Exhibit 43:  Aramark Corp. - Overview 

                                Exhibit 44:  Aramark Corp. - Business segments

                                Exhibit 45:  Aramark Corp. – Key news 

                                Exhibit 46:  Aramark Corp. - Key offerings          

                                Exhibit 47:  Aramark Corp. - Segment focus       

                10.4 bartlett mitchell Ltd.                       

                                Exhibit 48:  bartlett mitchell Ltd. - Overview     

                                Exhibit 49:  bartlett mitchell Ltd. - Product and service 

                                Exhibit 50:  bartlett mitchell Ltd. - Key offerings              

                10.5 CH and Co Catering Group 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 

                                Exhibit 54:  CH and Co Catering Group Ltd. - Key offerings          

                10.6 Delaware North Companies Inc.                 

                                Exhibit 55:  Delaware North Companies Inc. - Overview

                                Exhibit 56:  Delaware North Companies Inc. - Product and service           

                                Exhibit 57:  Delaware North Companies Inc. - Key offerings        

                10.7 Deutsche Lufthansa AG                 

                                Exhibit 58:  Deutsche Lufthansa AG - Overview

                                Exhibit 59:  Deutsche Lufthansa AG - Business segments             

                                Exhibit 60:  Deutsche Lufthansa AG - Key offerings         

                                Exhibit 61:  Deutsche Lufthansa AG - Segment focus     

                10.8 Dine Contract Catering Ltd.                          

                                Exhibit 62:  Dine Contract Catering Ltd. - Overview        

                                Exhibit 63:  Dine Contract Catering Ltd. - Product and service    

                                Exhibit 64:  Dine Contract Catering Ltd. - Key offerings 

                10.9 DO & CO Aktiengesellschaft                        

                                Exhibit 65:  DO & CO Aktiengesellschaft - Overview       

                                Exhibit 66:  DO & CO Aktiengesellschaft - Business segments    

                                Exhibit 67:  DO & CO Aktiengesellschaft - Key offerings

                                Exhibit 68:  DO & CO Aktiengesellschaft - Segment focus            

                10.10 DoorDash Inc.                  

                                Exhibit 69:  DoorDash Inc. - Overview  

                                Exhibit 70:  DoorDash Inc. - Business segments

                                Exhibit 71:  DoorDash Inc. - Key offerings           

                10.11 Elior Group SA                 

                                Exhibit 72:  Elior Group SA - Overview 

                                Exhibit 73:  Elior Group SA - Business segments

                                Exhibit 74:  Elior Group SA - Key offerings          

                                Exhibit 75:  Elior Group SA - Segment focus       

                10.12 The Emirates Group                      

                                Exhibit 76:  The Emirates Group - Overview      

                                Exhibit 77:  The Emirates Group - Business segments    

                                Exhibit 78:  The Emirates Group - Key offerings

                                Exhibit 79:  The Emirates Group - Segment focus            

11. Appendix            

11.1 Scope of the report                         

                                11.1.1 ​​​​Market definition            

                                11.1.2 ​​​​Objectives          

                                11.1.3 ​​​​Notes and caveats           

                11.2 Currency conversion rates for US$                            

                                Exhibit 80: ​Currency conversion rates for US$​   

                11.3 Research Methodology                 

                                Exhibit 81: ​Research Methodology        

                                Exhibit 82: Validation techniques employed for market sizing​    

                                Exhibit 83: ​​Information sources              

                11.4 List of abbreviations                        

                                Exhibit 84: 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
Technavio

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
Technavio

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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The catering services market growth will increase by $187.56 billion during 2019-2024.
The catering services market is expected to grow at a CAGR of 6.10% during 2019-2024.
Technavio has segmented the catering services market by service (Contract catering services and Concession catering services) 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.
APAC will register the highest growth rate of 46.18% among the other regions. Therefore, the catering services 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 growth are:
  • Increasing popularity of online catering
  • Marketing initiatives
The catering services 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.
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