Global Catering And Food Service Contractor Market Overview:
The growing tourism industry is helping to boost the global catering and food service contractor market in the forecasted period. Catering is a very critical part of the business, especially for network carriers serving long distances. Meal design and meal planning are important processes of catering services. According to the International Air Transport Association (IATA), catering planning and catering operations are important areas of activities of catering services. The market is expected to witness rapid growth in the market, owing to the increasing preference for safe and healthy food at the workplace. Some of the key players profiled in the study are Compass Group Plc. (United Kingdom), Sodexo (France), Aramark Corporation (United States), Elior Group (France), Delaware North (United States), Westbury Street Holdings (United States), Ovations Food Services (United States), Thompson Hospitality (United States), Dine Contract Catering (United Kingdom) and Olive Catering Services (United Kingdom).
On the basis of geography, the market of Catering And Food Service Contractor 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. If we see Market by Contract Type, the sub-segment i.e. Fixed Price will boost the Catering And Food Service Contractor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growing tourism industry coupled with stringent regulations pertaining to catering services
- The growing awareness regarding health and wellness
- High adoption due to increasing preference for mini buffets
- Increasing demand for Corporate sector across the world
- The increasing number of online food delivery services
- The increasing food industry in developing and developed countries
- High adoption due to easy and food delivery service
- The concern related to Online food services
Healthier menus are considered to be one of the most significant strategies adopted by key players in the global catering and food service contractor market in order to enhance their market share. Key market players in the region are focused on offering healthy food at the workplace.
Target Audience:Catering And Food Service Contractor Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Catering And Food Service Contractor market on the basis of product [Food Service Contractors and Caterers] , application [Corporate, Industrial, Hospitality Services, Healthcare, Educational Institutions, Sports & Leisure and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Catering And Food Service Contractor market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Catering And Food Service Contractor industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Catering And Food Service Contractor market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.