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Catering Services Market Report and Forecast 2024-2032

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    Report

  • 208 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921308
According to the report, the global catering services market is aided by the overall food service industry, which is expected to grow at a CAGR of 6.6% between 2024 and 2032 reaching a value of approximate USD 266.35 billion by 2032. Aided by the evolving consumer lifestyles, the rising demand for curated experiences, and the expansion of corporate and event sectors, the market is projected to grow significantly by 2032.

Catering services, encapsulating a spectrum from event catering to corporate meal solutions, have gained traction in recent years. With the rise of globalisation, people are more exposed to diverse cuisines and expect a similar gastronomic experience at events, be they personal or corporate. This demand for diverse, high-quality food and the convenience of professional service has positioned catering as an indispensable part of modern events.

The surge in corporate events, conferences, and seminars worldwide has played a significant role in influencing the catering services market outlook. Companies, aiming to make an impression, are increasingly relying on caterers to provide top-notch food and beverage services that not only satiate but also mesmerise attendees. The need for regular corporate lunches and the trend of workplace wellness also contribute to the burgeoning demand for reliable catering services.

Weddings, birthdays, and other personal events are generating a healthy catering services market demand. With the rise of the experience economy, there’s a notable shift from traditional to themed or bespoke events. Caterers are often tasked with creating tailor-made menus that resonate with the theme, ensuring a holistic experience for guests. This has not only increased the demand for catering services but also pushed them to innovate continually.

Another significant evolution in the catering sector is the rise of tech-integrated services. With the digital revolution transforming every industry, catering services are integrating technology to streamline bookings, offer virtual menu trials, and incorporate feedback. Digital platforms also facilitate reviews and ratings, compelling caterers to maintain impeccable service standards consistently.

As per the catering services market analysis, the health and wellness trend has deeply permeated the catering industry. The demand for organic, vegan, and gluten-free menu options has surged. There's a growing segment of consumers who prioritise health without compromising on taste. Recognising this shift, caterers are reimagining their menus, incorporating fresh, locally-sourced ingredients, and adopting healthier cooking techniques.

Market Segmentation

The market can be divided based on service type, application, and region.

Market Breakup by Service Type

  • Contractual
  • Non-contractual

Market Breakup by Application

  • Wedding Catering
  • Corporate Catering
  • Social Events Catering
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global catering services market. Some of the major players explored in the report are as follows:
  • ISS A/S
  • Sodexo S.A
  • Compass Group plc
  • Elior Group
  • Jones Lang LaSalle IP, Inc.
  • Aramark Corporation
  • AVI Foodsystems, Inc
  • Thompson Hospitality
  • Albron
  • Hutten Catering BV
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Catering Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Catering Services Historical Market (2018-2023)
8.3 Global Catering Services Market Forecast (2024-2032)
8.4 Global Catering Services Market by Service Type
8.4.1 Contractual
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-contractual
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Catering Services Market by Application
8.5.1 Wedding Catering
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Corporate Catering
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Social Events Catering
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Catering Services Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Catering Services Market Analysis
9.1 Market by Service Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Catering Services Market Analysis
10.1 Market by Service Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Catering Services Market Analysis
11.1 Market by Service Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Catering Services Market Analysis
12.1 Market by Service Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Catering Services Market Analysis
13.1 Market by Service Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ISS A/S
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sodexo S.A
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Compass Group plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Elior Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Jones Lang LaSalle IP, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Aramark Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 AVI Foodsystems, Inc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Thompson Hospitality
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Albron
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Hutten Catering BV
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Catering Services Market: Key Industry Highlights, 2018 and 2032
2. Global Catering Services Historical Market: Breakup by Service Type (USD Million), 2018-2023
3. Global Catering Services Market Forecast: Breakup by Service Type (USD Million), 2024-2032
4. Global Catering Services Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Catering Services Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Catering Services Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Catering Services Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Catering Services Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Catering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Catering Services Market Structure

Companies Mentioned

  • ISS A/S
  • Sodexo S.A
  • Compass Group plc
  • Elior Group
  • Jones Lang LaSalle IP Inc.
  • Aramark Corporation
  • AVI Foodsystems Inc
  • Thompson Hospitality
  • Albron
  • Hutten Catering BV

Methodology

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Table Information