Market Overview:
Contract catering services are hired by organizations, companies, and institutes to provide food services for a specified period of time and on a certain amount of fees on a contract basis. The demand for customized and healthy nutritious food in organizations and companies is increasing with the time issue among working-class people. The increasing consumption of contract catering is high among event management companies which are estimated to grow the market size in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Compass Group (United Kingdom), Sodexo (France), Aramark Services (United States), Elior Group (France), ISS World (Denmark), OCS Group Limited (United Kingdom), Westbury Street Holdings (England), Amadeus Food (England), Global Infusion Group Limited (United Kingdom) and Mitie Catering Services (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies 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.
Key Vendors of Contract Catering Services Market Study:
Compass Group (United Kingdom), Sodexo (France), Aramark Services (United States), Elior Group (France), ISS World (Denmark), OCS Group Limited (United Kingdom), Westbury Street Holdings (England), Amadeus Food (England), Global Infusion Group Limited (United Kingdom) and Mitie Catering Services (United Kingdom)
Contract Catering Services Market Segment Analysis
Scope | Sub-Segments |
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Type | Wedding Catering, Corporate Catering, Social Event Catering, Food Truck Catering and Others |
Industry Verticals | Event Management Industry,Corporate Industry,Education Industry,Healthcare Industry,Others |
Contract | Fixed Price,Cost-Plus,Nil Subsidy/Cost,Royalty Contract,Other |
Influencing Trend:
Increasing Use of Contract Catering Services Among Working-Class People and Technological Advancements in Delivering Contract Catering Services
Market Growth Drivers:
Growing Urbanisation across the World and Rising Focus on Individual Health in Household with Working Environment as well as Patients Health in Hospitals
Challenges:
Fulfilling Clients Expectations of Providing Customized and Nutritious Food Might be the Hindrance
Restraints:
Food Safety Concerns Involved with Consumption of Catering Food and Strict Government Regulations Regarding Catering Services
Opportunities:
Surging Demand for Contract Catering Services Market During Special Events and Occasions in Developing Countries and Growing Awareness of Health and Wellbeing in Employers, Institutions, and Hospitals is Sustaining this market
Some of the other players that are also part of study are Barlett Mitchell (England) and ABM Catering Solutions (United Kingdom). The Global Contract Catering Services market is gaining huge competition due to involvement of United Kingdom companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In June 2019, the Compass Group Plc announced its agreement with Fazer Group, it provides the services in the Nordic region with operations in Finland, Sweden, Norway and Denmark across the industry including, business, education, healthcare, defence etc. With the agreement, the aim to provide better customer services committed to sustainability. This transaction is expected to achieve the company's criteria of greater returns than the cost of capital invested before.
In August 2023, T-rex Solutions has acquired Cyber Cloud Technologies, an IT services firm that provides a suite of enterprise IT services to the federal government, including cybersecurity and cloud services. Financial terms of the deal were not disclosed.
"According to the European Federation of Contract Catering Organisations, FERCO has noted the extension of food labelling requirements to non-pre-packed foods - due to the shift from a Directive to Regulation - and the introduction of a requirement that information on allergenic ingredients should be available for non-pre-packed foods sold through retail and catering outlets. The directive does not impose directly labelling requirements in relation to no pre-packed food sold by “mass caterers” and leaves meals prepared by the foodservice sector out of the scope of labelling provisions. In accordance with the subsidiarity principle, the Directive allows the Member States to adopt labelling requirements applicable to non-pre-packed food as those products provided by mass caterers are not subject to inter-community trade."
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Contract Catering Services market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Contract Catering Services market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Contract Catering Services Vendors, Contract Catering Services Industry Associations, Contract Catering Services International Traders, Research and Development Institutes, Potential Investors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.