NEW YORK, June 27, 2022 /PRNewswire/ — The “Catering Services Market by Service and Geography – Forecast and Analysis 2020-2024” report by Technavio estimates the market size to increase by USD 187.59 billion between 2019 and 2024. The market observed a YOY growth of 6.03% in 2020 and the growth momentum is expected to accelerate at a CAGR of 6.1% during the forecast period. The market will witness significant growth in APAC and the region is creating significant growth opportunities for vendors operating in the market. The growing preference for dining in the office is increasing the demand for the catering services market in APAC.
Buy Our Report Now for a detailed analysis of the market landscape, regional growth opportunities, and much more.
The catering services market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of international players and many regional players. Vendors in the market compete on factors such as pricing, multi-year contracts, and the introduction of new technologies and new equipment that aid in providing enhanced services. Technavio identifies Aramark, bartlett mitchel Ltd., Compass Group Plc, Delware North Companies Inc., Deutsche Lufthansa AG, DO & CO Group, Elior Group, Emirates Flight Catering Co., gategroup, and Newrest Group Services SAS as some of the major market participants.
Although the increasing popularity of online catering, the introduction of new food menus, and increasing promotional initiatives will offer immense growth opportunities, fluctuations in food commodity prices, growing preference for home-cooked foods, and rising risks with suppliers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
View Our Report Sample for highlights on the vendor landscape and other factors impacting their growth.
The catering services market is segmented as below:
- Service
- Contract Catering Services
- Concession Catering Services
The revenue generation by the contract catering services segment will be significant during the forecast period. The growth of the segment is driven by the increasing number of opportunities and catering service contracts offered by institutions.
- Geography
- APAC
- North America
- Europe
- South America
About 46% of the overall market growth will generate from APAC during the forecast period. Rapid urbanization coupled with the increasing working population in emerging countries such as China and India is creating significant growth opportunities for market players. In addition, increasing income levels and the growing demand for fast food is driving the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our catering services market report covers the following areas:
- Catering Services Market size
- Catering Services Market trends
- Catering Services Market industry analysis
We provide a detailed analysis of around 25 vendors operating in the catering services market. Backed with competitive intelligence and benchmarking, our research report on the catering services market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
- CAGR of the market during the forecast period 2020-2024
- 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
- 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
Related Reports:
- Foodservice Market in US by Type and Foodservice System – Forecast and Analysis 2022-2026
- Foodservice Market in Australia by Modality and Sector – Forecast and Analysis 2022-2026
|
Catering Services Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2019 |
|
Forecast period |
2020-2024 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.1% |
|
Market growth 2020-2024 |
USD 187.56 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
6.03 |
|
Regional analysis |
APAC, North America, Europe, and South America |
|
Performing market contribution |
APAC at 46% |
|
Key consumer countries |
US, China, Japan, France, and Germany |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Aramark, bartlett mitchel Ltd., Compass Group Plc, Delware North Companies Inc., Deutsche Lufthansa AG, DO & CO Group, Elior Group, Emirates Flight Catering Co., gategroup, and Newrest Group Services SAS |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 02: Market characteristics
- Exhibit 03: Value Chain Analysis: Restaurant market
- 2.2 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Exhibit 05: Market segments
- 3.2 Market segment analysis
- 3.3 Market size 2020
- Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
- 3.4 Market outlook: Forecast for 2020 – 2025
- Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- Exhibit 10: Bargaining power of suppliers
- 4.3 Bargaining power of suppliers
- Exhibit 11: Threat of new entrants
- 4.4 Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- Exhibit 14: Market condition – Five forces 2020
- 4.7 Market condition
5 Market Segmentation by Service
- 5.1 Market segments
- Exhibit 16: Comparison by Service
- 5.2 Comparison by Service
- Exhibit 17: Contract catering services – Market size and forecast 2020-2025 ($ billion)
- 5.3 Contract catering services – Market size and forecast 2020-2025
- Exhibit 18: Contract catering services – Year-over-year growth 2020-2025 (%)
- Exhibit 19: Concession catering services – Market size and forecast 2020-2025 ($ billion)
- 5.4 Concession catering services – Market size and forecast 2020-2025
- Exhibit 20: Concession catering services – Year-over-year growth 2020-2025 (%)
- Exhibit 21: Market opportunity by Service
- 5.5 Market opportunity by Service
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 24: Geographic comparison
- 7.2 Geographic comparison
- Exhibit 25: APAC – Market size and forecast 2020-2025 ($ billion)
- 7.3 APAC – Market size and forecast 2020-2025
- Exhibit 26: APAC – Year-over-year growth 2020-2025 (%)
- Exhibit 27: North America – Market size and forecast 2020-2025 ($ billion)
- 7.4 North America – Market size and forecast 2020-2025
- Exhibit 28: North America – Year-over-year growth 2020-2025 (%)
- Exhibit 29: Europe – Market size and forecast 2020-2025 ($ billion)
- 7.5 Europe – Market size and forecast 2020-2025
- Exhibit 30: Europe – Year-over-year growth 2020-2025 (%)
- Exhibit 31: MEA – Market size and forecast 2020-2025 ($ billion)
- 7.6 MEA – Market size and forecast 2020-2025
- Exhibit 32: MEA – Year-over-year growth 2020-2025 (%)
- Exhibit 33: South America – Market size and forecast 2020-2025 ($ billion)
- 7.7 South America – Market size and forecast 2020-2025
- Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
- Exhibit 35: Key leading countries
- 7.8 Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- Exhibit 39: Landscape disruption
- 9.2 Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- 10.2 Market positioning of vendors
- 10.3 Aramark Corp.
- Exhibit 45: Aramark Corp. – Key news
- Exhibit 46: Aramark Corp. – Key offerings
- Exhibit 47: Aramark Corp. – Segment focus
- Exhibit 48: bartlett mitchell Ltd. – Overview
- Exhibit 49: bartlett mitchell Ltd. – Product and service
- Exhibit 50: bartlett mitchell Ltd. – Key offerings
- 10.4 bartlett mitchell Ltd.
- Exhibit 51: CH and Co Catering Group Ltd. – Overview
- Exhibit 52: CH and Co Catering Group Ltd. – Product and service
- Exhibit 53: CH and Co Catering Group Ltd. – Key news
- 10.5 CH and Co Catering Group Ltd.
- Exhibit 54: CH and Co Catering Group Ltd. – Key offerings
- Exhibit 55: Delaware North Companies Inc. – Overview
- Exhibit 56: Delaware North Companies Inc. – Product and service
- Exhibit 57: Delaware North Companies Inc. – Key offerings
- 10.6 Delaware North Companies Inc.
- Exhibit 58: Deutsche Lufthansa AG – Overview
- Exhibit 59: Deutsche Lufthansa AG – Business segments
- 10.7 Deutsche Lufthansa AG
- Exhibit 60: Deutsche Lufthansa AG – Key offerings
- Exhibit 61: Deutsche Lufthansa AG – Segment focus
- Exhibit 62: Dine Contract Catering Ltd. – Overview
- Exhibit 63: Dine Contract Catering Ltd. – Product and service
- Exhibit 64: Dine Contract Catering Ltd. – Key offerings
- 10.8 Dine Contract Catering Ltd.
- Exhibit 65: DO & CO Aktiengesellschaft – Overview
- Exhibit 66: DO & CO Aktiengesellschaft – Business segments
- 10.9 DO & CO Aktiengesellschaft
- Exhibit 67: DO & CO Aktiengesellschaft – Key offerings
- Exhibit 68: DO & CO Aktiengesellschaft – Segment focus
- Exhibit 69: DoorDash Inc. – Overview
- Exhibit 70: DoorDash Inc. – Business segments
- Exhibit 71: DoorDash Inc. – Key offerings
- 10.10 DoorDash Inc.
- Exhibit 72: Elior Group SA – Overview
- Exhibit 73: Elior Group SA – Business segments
- Exhibit 74: Elior Group SA – Key offerings
- 10.11 Elior Group SA
- Exhibit 75: Elior Group SA – Segment focus
- Exhibit 76: The Emirates Group – Overview
- Exhibit 77: The Emirates Group – Business segments
- Exhibit 78: The Emirates Group – Key offerings
- 10.12 The Emirates Group
- Exhibit 79: The Emirates Group – Segment focus
11 Appendix
- 11.1 Scope of the report
- Exhibit 80: Currency conversion rates for US$
- 11.2 Currency conversion rates for US$
- Exhibit 81: Research Methodology
- 11.3 Research methodology
- Exhibit 82: Validation techniques employed for market sizing
- Exhibit 83: Information sources
- Exhibit 84: List of abbreviations
- 11.4 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/catering-services-market-size-to-record-usd-187-56-bn-growth–driven-by-increasing-popularity-of-online-catering–technavio-301574897.html
SOURCE Technavio
