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Global Catering Services Market Size, Share, Industry, Forecast: By Service Type: Contractual, Non-contractual; By Application: Wedding Catering, Corporate Catering, Social Events Catering, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Catering Services Market Size
The global catering services market reached a value of almost USD 164.59 billion in the year 2023. The market is further expected to grow at a CAGR of 6.6% between 2024 and 2032 to reach a valuation of almost USD 292.56 billion by 2032.
| Global Catering Services Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 164.59 |
| Market Size 2032 | USD Billion | 292.56 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.6% |
| CAGR 2024-2032 - Market by Region | North America | 5.8% |
| CAGR 2024-2032 - Market by Country | India | 8.1% |
| CAGR 2024-2032 - Market by Country | China | 7.3% |
| CAGR 2024-2032 - Market by Service Type | Contractual | 7.7% |
| CAGR 2024-2032 - Market by Application | Social Events Catering | 7.8% |
| Market Share by Country | Germany | 4.6% |
Catering Services Market Outlook
- A report from HT Digital Streams Ltd. states that the market was valued at USD 72.67 billion in 2023 and is likely to witness a growth at a 6.2% CAGR during the time frame until 2032, reaching $124.36 billion.
- This increase is underpinned by consumer preference changing and fast-paced technological strides that bolster operational efficiencies and customer experience, pushing the growth of the catering services market.
- A growing trend towards outsourcing food services in corporate and social events drives consistent demand.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Catering Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Catering Services Historical Market (2018-2023)
8.3 Global Catering Services Market Forecast (2024-2032)
8.4 Global Catering Services Market by Service Type
8.4.1 Contractual
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-contractual
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Catering Services Market by Application
8.5.1 Wedding Catering
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Corporate Catering
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Social Events Catering
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Catering Services Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Catering Services Market Analysis
9.1 Market by Service Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Catering Services Market Analysis
10.1 Market by Service Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Catering Services Market Analysis
11.1 Market by Service Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Catering Services Market Analysis
12.1 Market by Service Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Catering Services Market Analysis
13.1 Market by Service Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ISS A/S
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sodexo S.A
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Compass Group plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Elior Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Aramark Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 AVI Foodsystems, Inc
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Thompson Hospitality
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Albron
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Hutten Catering BV
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Catering Services Market: Key Industry Highlights, 2018 and 2032
2. Global Catering Services Historical Market: Breakup by Service Type (USD Million), 2018-2023
3. Global Catering Services Market Forecast: Breakup by Service Type (USD Million), 2024-2032
4. Global Catering Services Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Catering Services Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Catering Services Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Catering Services Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Catering Services Market Structure
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.
Analyst Review
The global catering services market is aided by the overall food service market which attained a value of nearly USD 164.59 billion in the year 2023, driven by the increase in demand for healthier fresh food. Aided by increasing number of companies and stringent norms and regulations, the food service market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6.6% to reach a value of nearly USD 292.56 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on service type, the market is divided into contractual and non-contractual. On the basis of application, the market is segmented into wedding catering, corporate catering, and social events catering, among others. The major regional markets for catering services market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The major players in the market are ISS A/S, Sodexo S.A, Compass Group plc, Elior Group, Aramark Corporation, AVI Foodsystems, Inc, Thompson Hospitality, Albron, and Hutten Catering BV, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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