Industry Background:
The global catering & services market for correctional facilities is expected to grow at a healthy rate during the forecast period, according to the AMA study. The growing number of prisoners across different regions and raising concerns to provide healthy nutrition in order to reduce the illness rates caused by food in correctional facilities are some of the major factors aiding the growth of the market globally. The United States market size is expected to grow from USD 4076.85 million in 2019 to USD 5286.81 million by 2025, at a CAGR of 4.43%.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Aramark (United States), Correctional Food Services, Inc. (United States), Sodexo (France), Trinity Services Group (United States), Summit Food Service, LLC (United States), National Food Group (United States) and Tigg's Canteen Services Inc. (United States) |
According to AMA, the market for Catering & Food Services for Correctional Facilities is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Growing Number of Prisoners Across Different Regions Generating the Demand for Food Services for Correctional Facilities and Rising Concerns to Provide Healthy Nutritions to Prisoners in Order to Reduce the Illness Rates Caused by Prison Food.
Globally, a noticeable market trend is evident Reducing Number of Prisons and Growing Prisoner Capacities of Existing Prison Facilities of Different Regions
The Food Distributors sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Aramark (United States), Correctional Food Services, Inc. (United States), Sodexo (France), Trinity Services Group (United States), Summit Food Service, LLC (United States), National Food Group (United States) and Tigg's Canteen Services Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2017, Summit Food Service LLC, an Elior Group company and one of the leading providers of food services to correctional facilities announced that it has completed the acquisition of CBM Managed Services which expanded the company's position the United States in the corrections foodservice market.
In January 2023, The Delaware Department of Correction (DOC) announced the appointment of Alan Clark as Director of Internal Affairs and the appointment of Daniel Roberts as Correctional Food Service Administrator
Influencing Trend:
Reducing Number of Prisons and Growing Prisoner Capacities of Existing Prison Facilities of Different Regions and Growing Privatisation of Food Services in Correctional Institutional Facilities
Market Growth Drivers:
Growing Number of Prisoners Across Different Regions Generating the Demand for Food Services for Correctional Facilities and Rising Concerns to Provide Healthy Nutritions to Prisoners in Order to Reduce the Illness Rates Caused by Prison Food
Challenges:
Challenges in Designing of Correctional Facility Food Structure
Restraints:
High Risk of Crimes Inside the Federals & Security Facilities
Opportunities:
Rising Number of Chronic Diseases Caused by Inside Prisons Food to Prisoners will Create Huge Opportunities for Market Vendors During the Near Future and Growing Number of Agricultural Organisations, Farming Specifically for Prison Food Justice
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Catering & Food Services for Correctional Facilities Market
- Analysis about New Entrants in Catering & Food Services for Correctional Facilities Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Catering & Food Services for Correctional Facilities Study Sheds Light on
The Catering & Food Services for Correctional Facilities Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Catering & Food Services for Correctional Facilities industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Catering & Food Services for Correctional Facilities industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.