Industry Background:
The global Catering And Food Service market is expected to witness high demand in the forecasted period due to rising popularity of ready to eat outdoor food. The catering and foodservice industry offers services on a contractual basis or a single event basis. Catering and food service includes catering services for banquet halls, airline services, canteen catering, etc. Catering and food service does not include services such as mobile food service i.e. food trucks and food vending machine. In addition, factors such as hectic lifestyle and challenges related to cooking at home are driving the growth for the catering and foodservice market.
This growth is primarily driven by The Increasing Demand for Ready to Eat Outdoor Food and Accessibility across the Globe.
Globally, a noticeable market trend is evident High Adoption Due to Better Packaging, Catering and Food Service
. The Business Services 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 Players, such as Compass Group PLC (United Kingdom), Aramark Corporation (United States), Sodexo, Inc. (France), Thompson Hospitality Services LLC (United States), Elior Group S.A. (France), Delaware North Companies, Inc. (United States), DO & CO Aktiengesellschaft (Austria), dnata Ltd. (United Kingdom) and TajSATS Air Catering Limited (India) 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:
On 11th June 2019, Compass Group PLC, a leading global food service company, today announces that it has signed an agreement with Fazer Group, an international family-owned FMCG and direct to the consumer group, to acquire Fazer Food Services for an enterprise value of approximately 475 million Euros.
Market Drivers
- The Increasing Demand for Ready to Eat Outdoor Food and Accessibility across the Globe
Market Trend
- High Adoption Due to Better Packaging, Catering and Food Service
- Increasing Popularity of Healthy and Hygienic Food for the Consumers
Restraints
- The High Cost of Maintaining Consistency
Opportunities
Rising Number of Fast Food Companies are Accepting Catering and Food Service in Order to Increase their Presence and Increasing Demand from Schools, Colleges, Restaurants, Offices, Cafeterias, etc.
Challenges
The hygiene of food items by using a large labor force
AMA Research follow 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 showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Catering And Food Service Study Sheds Light on
The Catering And Food Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Catering And Food Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Catering And Food Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.