Food & Beverage Market Research News

Global contract catering market insights shared in detailed report

Food & Beverage Market Research

This research provides an in-depth analysis of the global contract catering market with description of market sizing and growth supplied.

The analysis includes market by value and market share by segment and by region.

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The report includes a brief regional analysis of Asia-Pacific, Europe and North America with their actual and forecasted market size.

Asia-Pacific has the largest stake in the global biologics market over the years and is expected to maintain its position in the upcoming years also. Among the Asian countries, India and Japan has the potential to grow steadily over the forecasted period.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global contract catering market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Compass Group, Sodexo Group, Elior Group and Aramark are some of the key players operating in the global contract catering market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the respective companies are provided.

Catering services generally engaged the professionals whose primary work is to serve a group of people at designated places for a fixed time and fee. Food services industry includes places, companies and institutions that provide meals to different end-users.

The food catering industry broadly categorized into two formats namely on-premise and off-premise catering. Off-premise catering is further categorized into party food caterers, hot-buffet caterers, and full-service caterers.

A catering service may have its own cooks to prepare food, or it may obtain food from a contractor or third party to deliver to the client.

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A catering company that is hired by companies and organizations to provide food services on a regular basis is generally referred as contract caterers. A contract caterer provides its services to a large consumer base such as business & industry, educational institutions, hospitals and senior care homes, defence & off shore etc.

Such contracts are legal agreement between the clients and caterers to supply food services in the workplace for a specified period of time.

The global contract catering market has increased over the years and projections are made that the market would grow at a steady pace in the next four years i.e. 2018-2022, particularly due to rising demand for outsourced services and accelerating demand for healthier eating options.

The global contract catering market is supported by various growth drivers such as growing middle class population, rising focus on patients in hospitals, emergence of multi-service contracts, adoption of digital enriched services etc. Yet the market faces some challenges which are obstructing the growth of the market.

Some of the major challenges faced by the industry are: increasing food safety issues, meeting client expectations and stringent government regulations.

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