Catering And Food Service Market Scope
The global Catering And Food Service market is expected to witness high demand in the forecasted period due to rising popularity of ready to eat outdoor food. The catering and foodservice industry offers services on a contractual basis or a 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 the catering and foodservice market.
The Catering And Food Service market study is segmented and major geographies with country level break-up.
The market is fragmented with the presence of international players and many regional/domestic/local players. Vendors in the market compete on factors such as pricing, multi-year contracts, and the introduction of new technologies and new equipment that aids in providing enhanced services. Rapid product advances and frequent changes in end-user preferences for tastes, flavors, and ingredients are significant risk factors for vendors. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Catering And Food Service market throughout the predicted period.
Compass Group PLC (United Kingdom), Aramark Corporation (United States), Sodexo, Inc. (France), Thompson Hospitality Services LLC (United States), Elior Group S.A. (France), Delaware North Companies, Inc. (United States), DO & CO Aktiengesellschaft (Austria), dnata Ltd. (United Kingdom) and TajSATS Air Catering Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ocean Catering Company (Georgia), Cosmopolitan Catering (United States) and Performance Food Group Company (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Catering And Food Service market by Type, Application and Region.
On the basis of geography, the market of Catering And Food Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 11th June 2019, Compass Group PLC, a leading global food service company, today announces that it has signed an agreement with Fazer Group, an international family-owned FMCG and direct to the consumer group, to acquire Fazer Food Services for an enterprise value of approximately 475 million Euros.
- High Adoption Due to Better Packaging, Catering and Food Service
- Increasing Popularity of Healthy and Hygienic Food for the Consumers
- The Increasing Demand for Ready to Eat Outdoor Food and Accessibility across the Globe
- Rising Number of Fast Food Companies are Accepting Catering and Food Service in Order to Increase their Presence
- Increasing Demand from Schools, Colleges, Restaurants, Offices, Cafeterias, etc.
- The High Cost of Maintaining Consistency
- The hygiene of food items by using a large labor force
Key Target AudienceCatering And Food Service Providers, Government Research Organisation, Private Research Organisation, Government Regulatory Bodies and Others
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