Contract Catering Market Trend From 2022 To 2027 And Unlimited Opportunities for New Companies

According to IMARC Group’s latest report, titled “Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global contract catering market size reached US$ 232.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 318.5 Billion by 2027, exhibiting a growth rate (CAGR) of 5.54% during 2022-2027.

Market Outlook: 

Contract catering represents the food services provided by a catering company for an organization or an event on a contractual basis. In such cases, catering enterprises take accountability for their services and food quality, which aids in enhancing the reputation and business of the client. In addition, contract catering has emerged as a cost-effective way of managing food assistance in a less stressful way for various events. As a result, this method finds widespread applications across several sectors, such as corporate, healthcare, defense, education, sports, senior care, aerospace, etc.

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Contract Catering Market Trends and Drivers:

The emerging trend of fine dining and hospitality, as a part of the business establishment to develop good customer relationships by private and public companies, is among the primary factors driving the contract catering market. Besides this, various caterers are focused on providing exotic ingredients, live food counters, premium table services, and aesthetic delicacies in a profound manner, which is further augmenting the contract catering market growth.

Moreover, the integration of innovative technologies by the leading contract catering companies to offer online menus, customized orders, pre-booking options, and shorter waiting durations is also catalyzing the global market. Apart from this, the escalating demand for hygienic and nutritional food across geriatric care centers and educational institutions, the changing socio-economic scenario, and the rising consumer living standards, especially across the developing regions, are acting as significant growth-inducing factors.

Additionally, the increasing number of tourism activities and the high exposure to various inter-cultural cuisines are also stimulating the market growth. Furthermore, the expanding advanced business models that provide ad-hoc workplace food services are anticipated to propel the contract catering market over the forecasted period. 



Contract Catering Companies Covered:

The competitive landscape of the industry has also been examined with some of the key players.

  • ABM Catering Solutions
  • Amadeus
  • Aramark
  • Atalian Servest
  • Barlett Mitchell
  • Blue Apple Catering
  • Camst Group
  • Caterleisure Ltd.
  • CH&CO Catering
  • Compass PLC
  • Dine Contract Catering
  • Elior Group
  • Fazer Food Services
  • Interserve
  • OCS Group Ltd.
  • Sodexo

Key Market Segmentation:

The report has segmented the contract catering market based on contract type, modes of contract, end user and region.

Breakup by Contract Type:

  • Fixed Price Contracts
  • Cost Plus Contracts

Breakup by Modes of Contract:

  • Outsourced
  • Self-Operated

Breakup by End User:

  • Business and Industry
  • Education
  • Healthcare and Senior Care
  • Defence and Offshore
  • Sports and Leisure
  • Airports
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific 
  • Europe 
  • Latin America 
  • Middle East and Africa 

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2074&flag=C

Key Highlights of the Report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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