Catering services market size to grow by USD 103.28 billion between 2022 and 2027; Aramark, bartlett mitchell Ltd., among others, emerge as key vendors - Technavio

NEW YORK, March 30, 2023 /PRNewswire/ -- The catering services market size is set to grow by USD 103.28 billion between 2022 and 2027 at a CAGR of 5.46% during the forecast period, according to Technavio Research. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. For more insights on CAGR and YOY growth rate, Download Sample Report 

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aramark, bartlett mitchell Ltd., Caterlink Ltd., CH and Co Catering Group Ltd, Delaware North Companies Inc., Deutsche Lufthansa AG, Dine Contract Catering Ltd., DO and CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, Entier Ltd., Fairfax Meadow Europe Ltd., Fooditude Ltd., gategroup Holding AG, ISS AS, Newrest Group International SAS, Pret A Manger, rhubarb Food Design Ltd., SAVORY Inc, and The Emirates Group are some of the major market participants. Although the increasing popularity of online catering will offer immense growth opportunities, the growing preference for home-cooked foods is likely to pose a challenge for market vendors. In a bid to help players strengthen their market foothold, this catering services market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Frequently Asked Questions:

• Based on segmentation by Service, which is the leading segment in the market?
  The contract catering services segment will account for maximum growth in the market.
   
• What are the major trends in the market?
  The rising demand for healthy foods on menus is identified as the major trend in the market.
   
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of 5.46% between 2022 and 2027.
   
• Who are the top players in the market?
  Aramark, bartlett mitchell Ltd., Caterlink Ltd., CH and Co Catering Group Ltd, Delaware North Companies Inc., Deutsche Lufthansa AG, Dine Contract Catering Ltd., DO and CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, Entier Ltd., Fairfax Meadow Europe Ltd., Fooditude Ltd., gategroup Holding AG, ISS AS, Newrest Group International SAS, Pret A Manger, rhubarb Food Design Ltd., SAVORY Inc, and The Emirates Group are identified as the major players in the market.
   
• What are the key market drivers and challenges?
  The market is driven by the increasing popularity of online catering. However, the rising demand for healthy foods on menus will challenge the growth of the market.
   
• How big is the APAC market?
  APAC will account for 47% of the market growth during the forecast period.
   

Catering Services Market 2023-2027: Segmentation

• Service 
• Contract Catering Services
• Concession Catering Services
• Application 
• Corporate Catering
• Wedding Catering
• Social Event Catering
• Others
• Geography 
• APAC
• North America
• Europe
• Middle East and Africa
• South America

Based on the service, the market growth will be significant in the contract cleaning services segment during the forecast period. The demand for contract catering services is driven by the high quality of food, as meals are prepared on the premises of the hirer. The growth of the segment is further augmented by the increasing number of opportunities and catering service contracts offered by vendors.

To learn more about all segments impacting the future of market research, download a sample report

Catering Services Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The catering services market report covers the following areas:

• Catering Services Market Size
• Catering Services Market Trends
• Catering Services Market Industry Analysis

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Catering Services Market 2023-2027: Vendor Analysis and Scope

The global catering services market is fragmented with the presence of international players and many local players. Vendors in the market compete on factors such as pricing, multi-year contracts, and the introduction of new technologies and new equipment that aids in providing enhanced services. Rapid product advances and frequent changes in end-user preferences for tastes, flavors, and ingredients are significant risk factors for vendors. The global catering services market is in its growth stage, and service innovation has led vendors to focus on innovations and customization in food menus. Some of the key vendors covered in the report include:

• Aramark - The company offers catering services with trained chefs across the offshore catering service.
• bartlett mitchell Ltd. - The company offers catering services across restaurants, cafes, and delis as well as other hospitality sectors.
• CH and Co Catering Group Ltd - The company offers catering services, with fresh and seasonal ingredients sourced as locally and sustainably as possible.
• Delaware North Companies Inc. - The company offers catering services where food is prepared using high-quality ingredients.

Catering Services Market 2023-2027: Driver

The market is driven by the increasing popularity of online catering. The demand for mobile food service providers is increasing in many developed and developing countries, as on-the-go foods are becoming increasingly popular among the working population. The rise in consumer purchasing power in developing regions such as APAC and South America is increasing the preference for convenience foods. This has encouraged vendors to expand their mobile food service offerings. In addition, factors such as the increasing preference for international foods, evolving lifestyles, changing food preferences, rapid urbanization, and the growing number of nuclear families are driving the growth of the global catering services market.

Catering Services Market 2023-2027: Challenge

The growing preference for home-cooked foods is identified as the major challenge in the market. Many consumers prefer home-cooked food over the food that is offered by restaurants or cafeterias in workplaces and educational institutions. Home-cooked food is perceived to have high nutritional value and is fresh and hygienic. In addition, the chances of contamination are lower in home-cooked meals compared to food prepared outside. Hence, many people have started preparing foods in-house for occasions such as birthdays and luncheons rather than outsourcing to caterers. This is reducing the growth potential in the market.

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Catering Services Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist catering services market growth during the next five years
• Estimation of the catering services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the catering services market across APAC, North America, Europe, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of catering services market vendors

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• The cafes and bars market is estimated to grow at a CAGR of 4.81% between 2023 and 2027. The size of the market is forecast to increase by USD 73.63 billion. The market is segmented by product (beverages and food), type (bars and pubs, cafes, and specialty coffee shops), and geography (Europe, APAC, North America, Middle East and Africa, and South America).

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global catering services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global catering services market 2017 - 2021 ($ billion)

• 4.2 Service Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments
• Exhibit 30: Chart on Service - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service - Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Contract catering services - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Contract catering services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Contract catering services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Contract catering services - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Contract catering services - Year-over-year growth 2022-2027 (%)

• 6.4 Concession catering services - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Concession catering services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Concession catering services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Concession catering services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Concession catering services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Service 
• Exhibit 42: Market opportunity by Service ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Corporate catering - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Corporate catering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Corporate catering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Corporate catering - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Corporate catering - Year-over-year growth 2022-2027 (%)

• 7.4 Wedding catering - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Wedding catering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Wedding catering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Wedding catering - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Wedding catering - Year-over-year growth 2022-2027 (%)

• 7.5 Social event catering - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Social event catering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Social event catering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Social event catering - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Social event catering - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Aramark
• Exhibit 116: Aramark - Overview
• Exhibit 117: Aramark - Business segments
• Exhibit 118: Aramark - Key offerings
• Exhibit 119: Aramark - Segment focus

• 12.4 bartlett mitchell Ltd. 
• Exhibit 120: bartlett mitchell Ltd. - Overview
• Exhibit 121: bartlett mitchell Ltd. - Product / Service
• Exhibit 122: bartlett mitchell Ltd. - Key offerings

• 12.5 CH and Co Catering Group Ltd 
• Exhibit 123: CH and Co Catering Group Ltd - Overview
• Exhibit 124: CH and Co Catering Group Ltd - Product / Service
• Exhibit 125: CH and Co Catering Group Ltd - Key news
• Exhibit 126: CH and Co Catering Group Ltd - Key offerings

• 12.6 Delaware North Companies Inc. 
• Exhibit 127: Delaware North Companies Inc. - Overview
• Exhibit 128: Delaware North Companies Inc. - Product / Service
• Exhibit 129: Delaware North Companies Inc. - Key offerings

• 12.7 Deutsche Lufthansa AG 
• Exhibit 130: Deutsche Lufthansa AG - Overview
• Exhibit 131: Deutsche Lufthansa AG - Business segments
• Exhibit 132: Deutsche Lufthansa AG - Key news
• Exhibit 133: Deutsche Lufthansa AG - Key offerings
• Exhibit 134: Deutsche Lufthansa AG - Segment focus

• 12.8 Dine Contract Catering Ltd. 
• Exhibit 135: Dine Contract Catering Ltd. - Overview
• Exhibit 136: Dine Contract Catering Ltd. - Product / Service
• Exhibit 137: Dine Contract Catering Ltd. - Key offerings

• 12.9 DO and CO Aktiengesellschaft 
• Exhibit 138: DO and CO Aktiengesellschaft - Overview
• Exhibit 139: DO and CO Aktiengesellschaft - Business segments
• Exhibit 140: DO and CO Aktiengesellschaft - Key offerings
• Exhibit 141: DO and CO Aktiengesellschaft - Segment focus

• 12.10 DoorDash Inc.
• Exhibit 142: DoorDash Inc. - Overview
• Exhibit 143: DoorDash Inc. - Product / Service
• Exhibit 144: DoorDash Inc. - Key offerings

• 12.11 Elior Group SA
• Exhibit 145: Elior Group SA - Overview
• Exhibit 146: Elior Group SA - Product / Service
• Exhibit 147: Elior Group SA - Key offerings

• 12.12 Entier Ltd.
• Exhibit 148: Entier Ltd. - Overview
• Exhibit 149: Entier Ltd. - Product / Service
• Exhibit 150: Entier Ltd. - Key offerings

• 12.13 Fairfax Meadow Europe Ltd. 
• Exhibit 151: Fairfax Meadow Europe Ltd. - Overview
• Exhibit 152: Fairfax Meadow Europe Ltd. - Product / Service
• Exhibit 153: Fairfax Meadow Europe Ltd. - Key offerings

• 12.14 Fooditude Ltd.
• Exhibit 154: Fooditude Ltd. - Overview
• Exhibit 155: Fooditude Ltd. - Product / Service
• Exhibit 156: Fooditude Ltd. - Key offerings

• 12.15 gategroup Holding AG
• Exhibit 157: gategroup Holding AG - Overview
• Exhibit 158: gategroup Holding AG - Business segments
• Exhibit 159: gategroup Holding AG - Key offerings
• Exhibit 160: gategroup Holding AG - Segment focus

• 12.16 ISS AS
• Exhibit 161: ISS AS - Overview
• Exhibit 162: ISS AS - Business segments
• Exhibit 163: ISS AS - Key news
• Exhibit 164: ISS AS - Key offerings
• Exhibit 165: ISS AS - Segment focus

• 12.17 The Emirates Group
• Exhibit 166: The Emirates Group - Overview
• Exhibit 167: The Emirates Group - Business segments
• Exhibit 168: The Emirates Group - Key offerings
• Exhibit 169: The Emirates Group - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

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