Global Catering Services & Food Contractors Market (2021-2026) by Type, Ownership, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Catering Services & Food Contractors Market is estimated to be USD 25.3 Bn in 2021 and is expected to reach USD 34.3 Bn by 2026, growing at a CAGR of 6.28%.

Market Dynamics

The factors such as the fast-expanding tourism industry and growing industrialization across various industries played a major role in the growth of the global catering services & food contractors market. Moreover, the establishment of numerous educational and medical institutes and growing customer preference for mini buffets for small get-togethers or events are other factors that are expected to increase the growth of the target market over the forecast period.

However, growing consumer inclination towards online food delivery services may hinder the market growth as it offers an easy and handy ordering and processing system, which most people prefer.

Market Segmentation

The Global Catering Services & Food Contractors Market is segmented further based on Type, Ownership, End User, and Geography.

By Type, the market is classified into Off-Premises and On-Premises. Amongst all, the Off-Premises segment is estimated to hold the highest market share during the forecast period.

By Ownership, the market is classified as Standalone and Chained. Amongst the two, the standalone segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as a Commercial Organization, Educational Institutions, Government & Public Sector, Hospitality, Medical Institutions, and others. Amongst all, the Hospitality segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Bartlett Mitchell Acquired by Westbury Street Holdings. - 28th October 2020
2. Compass Group and EAT will track the carbon footprint of the food Compass serves in its Nordic operations - 18th December 2019
3. Aramark, a global leader in food, facilities management, and uniforms, acquired Next Level Hospitality -29th April 2021

Company Profiles

Some of the companies covered in this report are Air Culinaire, Aramark Corporation, Arpal Gulf LLC, Best Impressions Caterers, Compass Group PLC, Delaware North, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Catering Services & Food Contractors Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market