About Contract Caterings
Contract catering is a type of food service where a company provides meals and snacks to clients on a contractual basis. The clients can be businesses, schools, hospitals, or government agencies. Contract caterers typically provide a wide range of services, including menu planning, food preparation, and service. The contract catering market is driven by factors such as the growing demand for cost-effective and efficient food service solutions, the rising emphasis on providing healthy and diverse menu options, and the increasing trend toward outsourcing non-core functions to specialized service providers. Contract catering companies often work closely with their clients to create unique dining experiences, whether in corporate offices, educational institutions, healthcare facilities, or other settings. They play a crucial role in managing cafeterias, and catering events, and ensuring high standards of food quality, safety, and service. In recent years, the industry has witnessed a growing focus on sustainability, with companies striving to reduce their environmental footprint through responsible sourcing and waste management practices. Additionally, advancements in technology have enabled more efficient ordering and payment processes, enhancing the overall customer experience.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Contract Catering. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Europe Vendors will contribute the maximum growth to Global Contract Caterings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Compass Group (United Kingdom), Sodexo (France), Aramark (United States), Elior Group (France), Cushman & Wakefield (United States), ISS A/S (Denmark), Dussmann Group (Germany), Groupe Casino (France), Foodbuy (United States), Taylor Shaw (United Kingdom), Autogrill (Italy), OCS Group (United Kingdom), Mitie Group (United Kingdom), ABM Industries (United States), Delaware North (United States), Restaurant Associates (United States), Centerplate (United States), Caterplus (United Kingdom) and Bartlett Mitchell (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are CH&Co (United Kingdom), Eurest (United States), Albron (Netherlands), Westbury Street Holdings (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Contract Caterings market by and Region.
On the basis of geography, the market of Contract Caterings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Contract Caterings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Offering, the sub-segment i.e. Full-Service Catering will boost the Contract Caterings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Corporate (Businesses, Offices, and Corporate Events) will boost the Contract Caterings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Location, the sub-segment i.e. Offsite will boost the Contract Caterings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing popularity of healthy and nutritious food options
Market Growth Drivers:
Growing awareness of the importance of nutrition and health, and Growing demand for convenience and flexibility
Challenges:
Contract caterers face competition from other contract caterers, as well as from restaurants and other food service providers
Restraints:
Contract caterers are subject to government regulations, such as food safety regulations and labor regulations
Opportunities:
Contract caterers can expand into new markets, such as healthcare settings, educational institutions, and corporate campuses
Market Leaders and their expansionary development strategies
In June 2023, Atalian Servest, a global facilities management company, acquired Unique Catering, a UK-based contract catering company. The acquisition strengthens Atalian Servest's position in the UK contract catering market and gives it access to Unique Catering's expertise in the commercial, retail, leisure, and manufacturing sectors.
In June 2023, Sodexo announced that it is launching a new plant-based food platform called "Sodexo LiveWell." The platform will offer a variety of plant-based dishes and snacks to customers at Sodexo's client sites.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.