According to a new report published by Reports Monitor titled, “Global contract catering, Growth Opportunities, Innovations and Forecast, 2018-2025,” the contract catering market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Contract catering is the activity of providing beverages and food for events. Caterers, which are either individuals or independent vendors, supply food service to hotels and restaurants. Contract catering market is driven by several factors such as contract catering team handled by expert HR professionals with catering specialism, enhance client’s business reputation.
Further, it provides meaningful insights, helps to understand complexity and reduce the cost of compliance and provide intelligent process to reduce time in catering market. Additionally, certain factors including stringent government standards, food safety issue restraints market growth. Contract catering is one of the important factor for any corporate event dealers, send-off, get-together etc. Business meetings and corporate events, the first thing that can strike the mind is long duration. Advantages of contract catering are helps in making event spectacular, platter of variety in food menu, time and cost saving.
This report provides a detailed analysis of contract catering, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global contract catering market is majorly segmented in the basis of type and end-user. Based on type it is bifurcated into independent contract caterer and multi-service provider while based on end-user the global contract catering market is segmented into business and industry, education, hospital and senior care.
Asia-Pacific region has significantly large stake in worldwide catering market over the years and is expected to keep its position in the upcoming years also.
The global contract catering market is majorly studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). North America is significantly growing region in the global contract catering market. Asia-Pacific region has significantly large stake in worldwide catering market over the years and is expected to keep its position in the upcoming years also. Among the Asian countries Japan and India has the potential to grow steadily within the forecast period.
The major key players operating in the market are: Compass group, Aramark, Baxterstorey, Elior group, Ch & Co Catering, MITIE Catering , Charlton ,OCS group and others.
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