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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Catering Services Market Share
Contractual Catering Services To Gain Traction Owing To Quality-Of-Service Consistency
It is expected that the contractual catering segment will gain traction due to its stability and long-term client relationship-building. More and more organisations and large events require contractual arrangements for quality-of-service consistency and budgetary predictability, tailored solutions to meet particular needs. These kinds of contractual agreements give caterers stable streams of revenues and the possibility for deeper relationships with clients, while clients receive reliable, tailored service. This trend manifests itself most in a corporate environment, educational establishments, and healthcare facilities where continuous reliable catering services are called for. Though non-contract catering might be flexible, it will not offer such high parameters of service consistency and client loyalty.
Catering Services Market Report Snapshots
Catering Services Market Growth
Catering Services Market Trends
Catering Services Market Share
Catering Services Market Analysis
Catering Services Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global catering services market reached a value of USD 164.59 billion in the year 2023.
The market is expected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is expected to reach a value of nearly USD 292.56 billion by 2032.
The major drivers of the market include the rising population, increasing demand in the organised sector, rising number of companies, growing health consciousness, and increasing preference for catering services for smaller events.
The increase in penetration of mobile-based payment solutions, growing emphasis on the adoption of technology to improve customer experience, increase in demand for healthier fresh food, and stringent norms and regulations are the key trends propelling the market’s growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific.
The service types in the market are contractual and non-contractual.
The major applications in the market are wedding catering, corporate catering, and social events catering, among others.
The major players in the market are Compass Group plc, Sodexo S.A, Aramark Corporation, AVI Foodsystems, Inc., ISS Facility Services Inc., and Mitie Group plc, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124