During the anticipated period, the catering management market is anticipated to register a CAGR of 4.3%. (2022 – 2032). The market for catering management is anticipated to be worth US$ 104.3 billion in 2022 and US$ 159.3 billion by 2032.
The market for catering management is predicted to grow significantly as a result of increasing global accessibility and rising demand for ready-to-eat outdoor mealDue to enhanced foodservice packaging, catering services offer clients wholesome and hygienic meals, which encourages many to choose the same.
The widespread usage of catering services in restaurants, offices, cafeterias, schools, colleges, and other establishments is also due to their convenience, which makes them easier to accept.
The catering management market refers to the industry that provides food and beverage services for various events and occasions. This market includes a range of businesses, from small independent catering companies to large corporations that provide food service to institutions such as schools, hospitals, and prisons.
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The catering management market is driven by a variety of factors, including the growing demand for convenient and healthy food options, the rise of the gig economy, and the increasing popularity of events such as weddings and corporate functions. In addition, the COVID-19 pandemic has had a significant impact on the catering industry, with many businesses shifting their focus to providing contactless and delivery-based services.
Key Takeaways:
- Based on application, corporate segment is likely to lead the catering management market with a CAGR of 2.9% through 2032.
- By service type, the contractual catering services segment is expected to hold the largest catering management market share owing to the constantly changing dynamics of the modern workforce and an insatiable appetite for different types of cuisines.
- During the forecast period, the North American market is expected to lead with the highest market growth in the global catering management market.
- The Asia Pacific catering management market is also likely to advance significantly due to the region’s high demand for catering and food service in airports and commercial organisations.
- The catering management market in Latin America and the Middle East and Africa region is expected to move forward slowly during the forecast period.
Competitive Landscape:
Some of the leading catering management companies include
- Compass Group Plc.,
- Dine Contract Catering,
- Sodexo,
- Elior Group,
- Delaware North,
- Aramark Corporation,
- Westbury Street Holdings,
- Thompson Hospitality,
- Olive Catering Services,
- Ovations Food Services,
- Dine Contract Catering Ltd.
The market players are coming up with various strategies in order to consolidate their market position and also play a major role in bringing about emerging trends in catering management market.
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Key Segments
By Service Type:
- Wedding Catering
- Social Event Catering
- Concession Catering
- Restaurants Catering
- Others
By Application:
- Corporate
- Educational Institutions
- Healthcare
- Industrial
- Hospitality Services
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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