The Catering Services And Food Contractors Global Market Report 2023 by The Business Research Company, provides catering services and food contractors market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Catering Services And Food Contractors Global Market Report 2023, the market grew from $269.19 billion in 2022 to $281.49 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The catering services and food contractors market is expected to grow to $330.98 billion in 2027 at a CAGR of 4.1%.
The catering services and food contractors market growth is aided by stable economic growth forecasted in many developed and developing countries. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period.
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The catering services and food contractors market is segmented:
1) By Type: Food Service Contractors, Catering Services
2) By Ownership: Chained, Standalone
3) By Application: Tourist Accommodation, Official Business
Top Major Players:
Compass group plc
Sodexo
Aramark corporation
Elior Group
Autogrill SpA
Western Europe was the largest region in the catering services and food contractors market in 2022.
Food catering companies are forming alliances to serve food to schools, colleges, and universities. They are also involved in the development of mobile apps that provide tailored food options to meet the needs of each individual. For instance, in March 2021, Sodexo, the foodservice and facilities management company, announced a partnership with HelloFresh, the meal kit leader, to deliver HelloFresh and EveryPlate meal kits to students at more than 300 colleges and universities in the United States. Students can pre-select, order, and schedule meal kits for delivery using Sodexo’s BiteU app. Whether students are vegetarian, on a low-calorie diet, or looking for something quick and easy, HelloFresh allows them to choose from a varied and changing weekly menu. EveryPlate is a rotating menu of simple and affordable chef-curated recipes, including vegetarian and gourmet options.
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The catering services and food contractors market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Catering Services And Food Contractors Market Characteristics
4. Catering Services And Food Contractors Market Product Analysis
5. Catering Services And Food Contractors Market Supply Chain
……………………………………………………………………
20. Catering Services And Food Contractors Market Competitive Landscape
21. Key Mergers And Acquisitions In The Catering Services And Food Contractors Market
22. Market Background: Food And Beverage Services Market
23. Recommendations
24. Appendix
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