PUBLISHER: Lucintel | PRODUCT CODE: 1556509
PUBLISHER: Lucintel | PRODUCT CODE: 1556509
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 $413.8 million by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are rising popularity of events and functions, growing demand for healthy and diverse food choices, and increasing trend of outsourcing food services.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Contract Catering by Segment
The study includes a forecast for the global contract catering by contract type, mode of contract, end use, and region.
List of Contract Catering Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies contract catering companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the contract catering companies profiled in this report include-
Contract Catering Market Insights
Lucintel forecasts that fixed price will remain larger segment over the forecast period due to its stability and predictability that buyers and sellers can expect from fixed price contracts.
Within this market, business & industry will remain the largest segment due to the growing need for contractual catering services in business settings for economical and effective food solutions.
Europe will remain the largest region over the forecast period due to rising focus on workplace well-being and employee satisfaction as well as existence of stringent food safety and hygiene regulations in the region.
Features of the Global Contract Catering Market
Market Size Estimates: Contract catering market size estimation in terms of value ($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.
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:
Q6. Which contract catering market segment will be the largest in future?
Answer: Lucintel forecasts that fixed price will remain 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.