Corporate Catering Services in Australia - Industry Market Research Report

Well fed: Steady demand from mining firms has supported the industry throughout the pandemic

The Corporate Catering Services industry's revenue has grown primarily due to consistent demand from mining firms and government departments. Industry revenue is expected to rise at an annualised 2.5% over the five years through 2022-23, to $5.7 billion. This includes revenue growth of 12.6% in 2022-23, supported by an uptick in the number of businesses and increased government spending. Profit margins rose from a low base as many caterers moved towards home delivery services during the COVID-19 pandemic. These caterers benefited from businesses that were looking to maintain staff engagement during the pandemic by enticing their employees with various catered events, including delivering food to employees' homes. The industry consists of firms that perform catering services for corporate clients, including businesses and government departments. 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.