Global Catering and Food Service Market – Overview:
In recent years there have been a shift in demand for catering and food services market due to changing lifestyle and urbanization across the globe. Catering and food service industry offers services on contractual basis or 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 catering and food service market. Furthermore, restaurants and hotels are coming up with innovative food service catering which are expected to drive the catering and food service market. Catering and food service market is also driven as individuals between 18 and 35 age group are preferring outside food due to their hectic lifestyle.
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Global Catering and Food Service Market – Regional Overview:
The North American market is anticipated to witness the highest market share for the global catering and food service market during the forecast period 2018 – 2028. Followed by Europe which is estimated to witness above average growth for catering and food service market during the forecast period.
The Asia Pacific catering and food service market is expected to witness the significant growth due to extensive demand for catering and food service in airports and commercial organizations in this region. The catering and food service market in the Latin America and Middle East & Africa region is anticipated to witness sluggish growth in Food Service Market during the forecast period.
Global Catering and Food Service Market – Key Players:
A few of the key players in the catering and food service market are
- Compass Group PLC
- Aramark Corporation
- Thompson Hospitality Services LLC
- Elior Group S.A.
- Delaware North Companies Inc.
- DO & CO Aktiengesellschaft
- dnata Ltd.
- Goddard Catering Group Ltd.
- Newrest Group International S.A.S
- TajSATS Air Catering Limited
- Ocean Catering Company
- Cosmopolitan Catering
- Performance Food Group Company etc.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Global Catering and Food Service Market – Segmentation:
The global catering and food service market is segmented by service type, food type, and by end use. The pricing for catering and food service has being done based on size segment in US$ million.
On the basis of service type, the global catering and food service market is segmented into –
- Fast Food Restaurants
- Full Service Restaurants
- Event Catering
- Street Food
- Airlines Services
On the basis of food type, the global catering and food service market is segmented into –
- Ready to Eat Food
- Dairy Products
- Bakery & Confectionary
On the basis of end use, the global catering and food service market is segmented into –
- Medical Institution
- Education Institution
- Government Organizations