According to Arizton’s latest research report, the global contact catering market is growing at a CAGR 4.78% during 2023-2029.
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Report Scope:
Market Size (2029): $285.19 Billion
Market Size (2023): $215.48 Billion
CAGR (2023-2029): 4.78%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Industry, Contract, Delivery, Facility, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
The global contract catering market is experiencing substantial growth, driven by several key trends. Fresh food subscriptions are gaining popularity, with caterers offering lunch and takeaway options during office hours. The healthcare sector demands tailored catering services to meet specific dietary needs, including allergies and recovery diets. Major players in the market, such as Aramark Services, Compass Group, and Sodexo, maintain a strong market presence, while numerous other companies also contribute to its expansion. Additionally, the education sector has a growing emphasis on tailored dining solutions. The Asia-Pacific region, particularly China and India, is emerging as the fastest-growing segment, fueled by rising demand for high-quality, nutritious food services in K-12 schools due to increasing child populations.
The global contract catering market report features exclusive insights into 70 key vendors. Companies in this sector actively pursue acquisitions, partnerships, and mergers to enhance their market presence, with year-on-year acquisitions rising significantly. Key companies are expanding their service offerings worldwide.
Key Development
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Key Vendors
The Business and Industry (B&I) Market Booming in the Contract Catering Market
The Business and Industry (B&I) segment dominates the global contract catering market, driven by factors such as a heightened focus on employee well-being, cost-effectiveness, and time constraints. Catering services in this segment range from executive dining and cafeterias to on-site coffee shops and vending machines, serving over 330 million businesses worldwide. As companies strive to enhance productivity and employee satisfaction, vendors are providing diverse menus to meet various dietary needs, thereby increasing demand for contract catering services. Outsourcing cafeteria operations is often more cost-effective than managing in-house food services, especially given employees’ busy schedules. With high competition in the market, B&I industries prioritize offering high-quality food to retain talent, leading to a substantial need for contract catering as the number of businesses and employees continues to rise.
Segmentation & Forecast
Industry
Contract
Delivery
Facility
Geography
APAC
Europe
North America
Latin America
Middle East & Africa
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Key Questions Answered in the Report:
How big is the global contract catering market?
Who are the major players in the global contract catering market?
What is the growth rate of the global contract catering market?
What are the key trends of the global contract catering market?
Which region dominates the global contract catering market?
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