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Caterers in the US - Industry Market Research Report

  • ID: 16918
  • Report
  • July 2019
  • Region: United States
  • 35 pages
  • IBISWorld
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Party time: Corporate and consumer event budgets are likely to expand, driving up demand

Caterers in the US

The Caterers industry has prospered over the five years to 2019, bolstered by growth in household incomes and corporate profit. Improvements in broader economic conditions have enabled households and businesses to increase spending on industry services. For example, demand from trade shows and conferences has surged strongly during the period. Operators have supported growth by introducing new menu items and providing a wider range of services to satisfy increasing client requirements. Over the five years to 2024, the Caterers industry is expected to continue growing, albeit at a slower rate, as platforms that connect consumers with catering services gain popularity. Increases in both consumer spending and corporate profit over the next five years will bode well for industry demand. However, growth will be tempered by rising external competition from restaurants expanding their catering capacities.

This industry includes companies that provide individual event-based food services. These companies generally have equipment and vehicles to prepare food off-site and transport it to events. Banquet halls with catering staff are included in this industry. Examples of events catered by industry establishments include graduation parties, wedding receptions, business luncheons and trade shows.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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