Selbyville, Delaware, Aug. 04, 2021 (GLOBE NEWSWIRE) -- According to seasoned experts, global contract catering market size had reached a valuation of USD 250.32 billion in 2020 and is likely to showcase consistent growth during the study period. Increasing popularity of home meal replacements and fresh food services is one of the major factors propelling the market expansion.
Data regarding the market segmentations and their respective contribution towards the overall business remuneration is also covered in the report. This research document intends to offer cutting-edge market intelligence, further allowing decision makers during investment assessment.
Contract catering is basically a type of food services offered by a catering company for an organization or an event on a contractual basis. These catering companies take end-to-end accountability of their respective food and services quality and focus on improving the client’s business as well as reputation.
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This type of catering service has developed as an affordable way of managing food services and is widely used across aerospace, senior care, sports, defense, healthcare, corporate, and education applications, which in turn is adding traction to global contract catering market size.
Furthermore, rising health cognizance and shifting preferences towards high nutrition food are also stimulating the industry outlook. However, concerns over fidelity of the contractors towards enterprises could potentially act as a bottleneck to the market expansion.
An overview of the market segmentations
By mode of contract
Global contract catering industry, based on mode of contract, is divided into outsourced and self-operated segments.
Analysts cite that the outsourced segment accounts for the largest market share and is predicted to showcase consistent growth throughout the study period. Outsourced catering enables clients to focus on their core business. In addition, growing number of caterers focusing on offering exotic ingredients, premium table services, and aesthetic delicacies are fueling the segmental share.
By end-user scope
The end-user reach of this business space involves defense, sports & leisure, education, healthcare, and business & industry.
Global contract catering market size from business & industry segment is expected to record a strong CAGR through 2026. Rapid expansion of consumer goods sector and improving economic conditions in China and India are favoring the overall market scenario.
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By geographical reach
The regional analysis of global contract catering market consists of regions such as Asia-Pacific, North America, Latin America, Middle East & Africa, and Europe.
Among these, Asia-Pacific is likely to emerge as a key revenue generator for the market majors in the ensuing years. This can be credited to the rising disposable income and rapid urbanization, primarily in Japan, China, and India.
Global Contract Catering Market by Modes of Contract (Revenue, USD Billion, 2016-2026)
- Outsourced
- Self-Operated
Global Contract Catering Market End-user Spectrum (Revenue, USD Billion, 2016-2026)
- Defense
- Sports & Leisure
- Education
- Healthcare
- Business & Industry
Global Contract Catering Market Geographical Analysis (Revenue, USD Billion, 2016-2026)
North America
- United States
- Canada
Asia-Pacific
- Japan
- China
- Australia
- India
Europe
- Spain
- France
- United Kingdom
- Germany
Latin America
Middle East & Africa
Global Contract Catering Market by Competitive Scope (Revenue, USD Billion, 2016-2026)
- Mitie Group plc
- Caterleisure Group
- Camst Group
- Baxterstorey Limited
- CH&Co Catering Group Limited
- Amadeus
- Elior Group
- Aramark
- Sodexo
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Contract Catering Market: An Introduction
4. Global Contract Catering Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on Global Contract Catering Market
4.3 Global Contract Catering Market: Growth & Forecast
5. Global Contract Catering Market: Segmental Analysis
5.1 Global Contract Catering Market by Modes of Contract
5.2 Competitive Scenario of Global Contract Catering Market- By Modes of Contract
5.3 By Self-Operated, By Value (USD Billion), 2016-2026
5.4 By Outsourced, By Value (USD Billion), 2016-2026
6. Global Contract Catering Market By End User
6.1 Global Contract Catering Market by End User
6.2 Competitive Scenario of Global Contract Catering Market- By End User
6.3 By Business & Industry, By value (USD Billion), 2016-2026
6.4 By Healthcare & Senior, By Value (USD Billion), 2016-2026
6.5 By Education, By Value (USD Billion), 2016-2026
8. North America Contract Catering Market: An Analysis (2016-2026)
8.1 North America Contract Catering Market- By Value
8.2 North America Contract Catering Market: Growth & Forecast
8.3 North America Contract Catering Market: Prominent Companies
8.4 North America Contract Catering Market by Modes of Contract, By Value
8.5 North America Contract Catering Market by End User, By Value
9. Europe Contract Catering Market: An Analysis (2016-2026)
9.1 Europe Contract Catering Market by value: Size and Forecast (2016-2026)
9.2 Europe Contract Catering Market: Growth & Forecast
9.3 Europe Contract Catering Market: Prominent Companies
9.4 Market Segmentation By Modes of Contract (Self-Operated, Outsourced)
9.5 Market Segmentation By End User (Business & Industry, Healthcare & Senior, Education, Sports & Leisure, Deffence, Offshore & Remote)
10. Asia Pacific Contract Catering Market: An Analysis (2016-2026)
10.1 Asia Pacific Contract Catering Market by value: Size and Forecast (2016-2026)
10.2 Asia Pacific Contract Catering Market: Growth & Forecast
10.3 Asia Pacific Contract Catering Market: Prominent Companies
10.4 Market Segmentation By Modes of Contract (Self-Operated, Outsourced)
10.5 Market Segmentation By End User (Business & Industry, Healthcare & Senior, Education, Sports & Leisure, Deffence, Offshore & Remote)
11 LAMEA Contract Catering Market: An Analysis (2016-2026)
11.1 LAMEA Contract Catering Market by value: Size and Forecast (2016-2026)
11.2 LAMEA Contract Catering Market: Growth & Forecast
11.3 Market Segmentation By Modes of Contract (Self-Operated, Outsourced)
11.4 Market Segmentation By End User (Business & Industry, Healthcare & Senior, Education, Sports & Leisure, Deffence, Offshore & Remote)
12. Global Contract Catering Market Dynamics
12.1 Global Contract Catering Market Drivers
12.2 Global Contract Catering Market Restraints
12.3 Global Contract Catering Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global Contract Catering Market - By Modes of Contract (Year 2026)
13.2 Market Attractiveness Chart of Global Contract Catering Market - By End User (Year 2026)
13.4 Market Attractiveness Chart of Global Contract Catering Market - By Region (Year 2026)
14. Competitive Landscape
14.1 Market Share of global leading companies
14.2 SWOT Analysis- Global Contract Catering Market
15. Company Profiles
Related Report:
In-flight Catering Services Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Landscape & Forecast, 2020 - 2026
The in-flight catering services market is projected to experience considerable growth in the coming years owing to projected increase in business tourism. While it is noted that the airline industry is amongst the most adversely affected verticals due to the COVID-19 pandemic, the industry is expected to bounce back considerably as soon as the situation is under control. This would further lead to continuation in the number of air travel passenger growth trend, thereby leading to market growth. In-flight catering services is considered to be a larger part of the aviation industry. Generally, most of the airlines consider food as one of the most integral marketing tools. Several airlines tend to advertise their services by making food as the main marketing point. It is also observed that customer perception of the quality of meal in airlines is generally low, since the sensory abilities like taste, smell, and sight are mostly affected by the air pressure and low humidity experienced at altitude.
Not only this, the movement and exercise of passenger is also seen to be limited in high altitudes, thus the food provided by the airlines needs to be digestible. Still, the most remembered aspect of the travel experience for people is onboard service and meal. The in-flight catering services industry should thus make sure that the travelling passengers are provided with good quality food and beverages.
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