Contract Catering Trends and Forecast
The future of the global contract catering market looks promising with opportunities in the business & industry, education, healthcare & senior care, defense & offshore, sport & leisure, and airport markets. The global contract catering market is expected to reach an estimated $413.8 million by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are rising popularity of events and functions, growing demand for healthy and diverse food choices, and increasing trend of outsourcing food services.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Contract Catering by Segment
The study includes a forecast for the global contract catering by contract type, mode of contract, end use, and region.
Contract Catering Market by Contract Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Price Contracts
• Cost Plus Contracts
Contract Catering Market by Mode of Contract [Shipment Analysis by Value from 2018 to 2030]:
• Outsourced
• Self-Operated
Contract Catering Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Business & Industry
• Education
• Healthcare & Senior Care
• Defense & Offshore
• Sports & Leisure
• Airports
• Others
Contract Catering Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Contract Catering Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies contract catering companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the contract catering companies profiled in this report include-
• ABM Catering Solutions
• Amadeus
• Aramark
• Atalian Servest
• Bartlett Mitchell
• Blue Apple Catering
• Camst Group
• Caterleisure
• CH&CO Catering
• Compass Group
Contract Catering Market Insights
Lucintel forecasts that fixed price will remain the larger segment over the forecast period due to its stability and predictability that buyers and sellers can expect from fixed price contracts.
Within this market, business & industry will remain the largest segment due to the growing need for contractual catering services in business settings for economical and effective food solutions.
Europe will remain the largest region over the forecast period due to rising focus on workplace well-being and employee satisfaction as well as existence of stringent food safety and hygiene regulations in the region.
Features of the Global Contract Catering Market
Market Size Estimates: Contract catering market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Contract catering market size by contract type, mode of contract, end use, and region in terms of value ($M).
Regional Analysis: Contract catering market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different contract types, mode of contracts, end uses, and regions for the contract catering market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the contract catering market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the contract catering market size?
Answer: The global contract catering market is expected to reach an estimated $413.8 million by 2030.
Q2. What is the growth forecast for contract catering market?
Answer: The global contract catering market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the contract catering market?
Answer: The major drivers for this market are rising popularity of events and functions, growing demand for healthy and diverse food choices, and increasing trend of outsourcing food services.
Q4. What are the major segments for contract catering market?
Answer: The future of the contract catering market looks promising with opportunities in the business & industry, education, healthcare & senior care, defense & offshore, sport & leisure, and airport markets.
Q5. Who are the key contract catering market companies?
Answer: Some of the key contract catering companies are as follows:
• ABM Catering Solutions
• Amadeus
• Aramark
• Atalian Servest
• Bartlett Mitchell
• Blue Apple Catering
• Camst Group
• Caterleisure
• CH&CO Catering
• Compass Group
Q6. Which contract catering market segment will be the largest in future?
Answer: Lucintel forecasts that fixed price will remain the larger segment over the forecast period due to its stability and predictability that buyers and sellers can expect from fixed price contracts.
Q7. In contract catering market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to rising focus on workplace well-being and employee satisfaction as well as existence of stringent food safety and hygiene regulations in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the contract catering market by contract type (fixed price contracts and cost plus contracts), mode of contract (outsourced and self-operated), end use (business & industry, education, healthcare & senior care, defense & offshore, sports & leisure, airports, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Contract Catering Market, Contract Catering Market Size, Contract Catering Market Growth, Contract Catering Market Analysis, Contract Catering Market Report, Contract Catering Market Share, Contract Catering Market Trends, Contract Catering Market Forecast, Contract Catering Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.