Catering Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Catering Service Trends and Forecast

The future of the global catering service market looks promising with opportunities in the industrial, hospitality, educational, healthcare, and in-flight markets. The global catering service market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are rising popularity of social events, growing trend of outsourcing food services, and increasing preference for diverse cuisine options.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Catering Service by Segment

The study includes a forecast for the global catering service by type, end use, and region.

Catering Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Contractual Catering Service
• Non-Contractual Catering Service

Catering Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Hospitality
• Educational
• Healthcare
• In-Flight
• Others

Catering Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Catering Service 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 catering service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the catering service companies profiled in this report include-

• Aramark
• AVI Foodsystems
• Barlett Mitchell
• Compass Group
• Dine Contract Catering
• DO & CO Aktiengesellschaft
• Elior Group

Catering Service Market Insights

Lucintel forecasts that contractual catering service will remain larger segment over the forecast period as it provides the chance for customization and specialization.

Within this market, industrial will remain the largest segment.

North America will remain the largest region over the forecast period due to elevated levels of disposable income within its population.

Features of the Global Catering Service Market

Market Size Estimates: Catering service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Catering service market size by type, end use, and region in terms of value ($B).

Regional Analysis: Catering service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the catering service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the catering service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for catering service market?

Answer: The global catering service market is expected to grow with a CAGR of 4.7% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the catering service market?

Answer: The major drivers for this market are rising popularity of social events, growing trend of outsourcing food services and increasing preference for diverse cuisine options.

Q3. What are the major segments for catering service market?

Answer: The future of the catering service market looks promising with opportunities in the industrial, hospitality, educational, healthcare, and in-flight markets.

Q4. Who are the key catering service market companies?

Answer: Some of the key catering service companies are as follows:

• Aramark
• AVI Foodsystems
• Barlett Mitchell
• Compass Group
• Dine Contract Catering
• DO & CO Aktiengesellschaft
• Elior Group

Q5. Which catering service market segment will be the largest in future?

Answer: Lucintel forecasts that contractual catering service will remain larger segment over the forecast period as it provides the chance for customization and specialization.

Q6. In catering service market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to elevated levels of disposable income within its population.

Q.7 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 catering service market by type (contractual catering service and non-contractual catering service), end use (industrial, hospitality, educational, healthcare, in-flight, 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?