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Catering services provide food for large-scale meetings, conferences, parties, and other events. These services might also extend to providing meals for institutions like schools, colleges, and corporate offices. They either have their in-house cooking staff or have contracted a third-party source for sourcing the food.
The growth of the catering industry is entirely driven by increasing consumer spending, advancing technology, and changing social dynamics. The major driver for the market is advanced technology integration into catering business operations and a focus on luxurious, personalised wedding experiences. Businesses in these sectors are likely to continue growing with new ways to innovate and differentiate as consumer preferences continue to evolve.
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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
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