Contract Catering Market Size, Companies, Demand, Growth and Report Analysis 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global contract catering market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the contract catering market?

The global contract catering market size reached US$ 245.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 330.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.97% during 2023-2028.

Contract Catering Market Report Analysis 2023-2028


What is a contract catering?

Contract catering refers to the food services offered by a catering company for an organization or an event on a contractual basis. In such circumstances, catering enterprises take responsibility for food quality and its benefits, which aids in enhancing the business and reputation of the client. In addition to this, contract catering has appeared as a cost-effective way of handling food assistance in a less stressful manner for several events. As a result, this method finds widespread applications across various sectors, such as healthcare, defense, education, corporate, sports, senior care, aerospace, etc.

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What are the growth prospects and trends in the industry?

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

Moreover, the incorporation of innovative technologies by the leading contract catering companies to offer customized orders, pre-booking options, online menus, 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 increasing consumer living standards, especially across the developing regions, are acting as significant growth-inducing factors.

In addition to this, the rising number of tourism activities and the high exposure to various intercultural cuisines are also stimulating the market growth. Furthermore, the expanding advanced business models that provide ad-hoc workplace food services are expected to bolster the contract catering market in the coming years.

Who are the key players operating in the industry?

The report covers the major market players including: 

  • 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

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Market Segmentation:

The report has segmented the market into the following categories:

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 

Key Highlights of the Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • 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.

Media Contact:
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Website: https://www.imarcgroup.com

 

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