Industry Background:
The growing tourism industry is helping to boost the global catering and food service contractor market in the forecasted period. Catering is a very critical part of the business, especially for network carriers serving long distances. Meal design and meal planning are important processes of catering services. According to the International Air Transport Association (IATA), catering planning and catering operations are important areas of activities of catering services. The market is expected to witness rapid growth in the market, owing to the increasing preference for safe and healthy food at the workplace.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Compass Group Plc. (United Kingdom), Sodexo (France), Aramark Corporation (United States), Elior Group (France), Delaware North (United States), Westbury Street Holdings (United States), Ovations Food Services (United States), Thompson Hospitality (United States), Dine Contract Catering (United Kingdom) and Olive Catering Services (United Kingdom) |
This growth is primarily driven by The growing tourism industry coupled with stringent regulations pertaining to catering services and The growing awareness regarding health and wellness.
Globally, a noticeable market trend is evident High adoption due to increasing preference for mini buffets
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), Sodexo (France), Aramark Corporation (United States), Elior Group (France), Delaware North (United States), Westbury Street Holdings (United States), Ovations Food Services (United States), Thompson Hospitality (United States), Dine Contract Catering (United Kingdom) and Olive Catering Services (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Healthier menus are considered to be one of the most significant strategies adopted by key players in the global catering and food service contractor market in order to enhance their market share. Key market players in the region are focused on offering healthy food at the workplace.
Influencing Trend:
High adoption due to increasing preference for mini buffets and Increasing demand for Corporate sector across the world
Market Growth Drivers:
The growing tourism industry coupled with stringent regulations pertaining to catering services and The growing awareness regarding health and wellness
Challenges:
The concern related to Online food services
Restraints:
The increasing number of online food delivery services
Opportunities:
The increasing food industry in developing and developed countries and High adoption due to easy and food delivery service
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 Players 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 And Food Service Contractor Market
- Analysis about New Entrants in Catering And Food Service Contractor 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 And Food Service Contractor Study Sheds Light on
The Catering And Food Service Contractor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Catering And Food Service Contractor 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 Contractor 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 Players 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.