Contract Catering Market Size, Trends, Statistics, Growth Analysis and Revenue Forecast 2022-2027

The contract Catering market report has segmented the contract catering market based on contract type, modes of contract, end user and region.

BROOKLYN, NY, USA, February 8, 2023 /EINPresswire.com/ -- IMARC Group has recently released a new research study titled "Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

How big is the contract catering market?

The global contract catering market size reached US$ 232.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 318.5 Billion by 2027, exhibiting a growth rate (CAGR) of 5.54% during 2022-2027. 

Market Outlook: 

Contract catering represents the food services provided by a catering company for an organization or an event on a contractual basis. In such cases, catering enterprises take accountability for their services and food quality, which aids in enhancing the reputation and business of the client. In addition, contract catering has emerged as a cost-effective way of managing food assistance in a less stressful way for various events. As a result, this method finds widespread applications across several sectors, such as corporate, healthcare, defense, education, sports, senior care, aerospace, etc.

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Global Contract Catering Market Trends:

The emerging trend of fine dining and hospitality, as a part of the business establishment to develop good customer relationships by private and public companies, is among the primary factors driving the contract catering market. Besides this, various caterers are focused on providing exotic ingredients, live food counters, premium table services, and aesthetic delicacies in a profound manner, which is further augmenting the market growth.

Moreover, the integration of innovative technologies by the leading contract catering companies to offer online menus, customized orders, pre-booking options, and shorter waiting durations is also catalyzing the global market. Apart from this, the escalating demand for hygienic and nutritional food across geriatric care centers and educational institutions, the changing socio-economic scenario, and the rising consumer living standards, especially across the developing regions, are acting as significant growth-inducing factors.

Additionally, the increasing number of tourism activities and the high exposure to various inter-cultural cuisines are also stimulating the market growth. Furthermore, the expanding advanced business models that provide ad-hoc workplace food services are anticipated to propel the contract catering market over the forecasted period. 

List of Key Companies Covered in this Market Report:

The competitive landscape of the industry has also been examined with some of the key players.

• ABM Catering Solutions
• Amadeus
• Aramark
• Atalian Servest
• Barlett Mitchell
• Blue Apple Catering
• Camst Group
• Caterleisure Ltd.
• CH&CO Catering
• Compass PLC
• Dine Contract Catering
• Elior Group
• Fazer Food Services
• Interserve
• OCS Group Ltd.
• Sodexo

Report Segmentation:

The report has segmented the contract catering market based on contract type, modes of contract, end user and region.

Based on Contract Type:

• Fixed Price Contracts
• Cost Plus Contracts

Based on Modes of Contract:

• Outsourced
• Self-Operated

Based on End User:

• Business and Industry
• Education
• Healthcare and Senior Care
• Defence and Offshore
• Sports and Leisure
• Airports
• Others

Geographical Analysis:

• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:                                                    

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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