U.S. Catering Services Market Size, Share & Trends Analysis Report By Type (Workplace/ Office Catering, Event Catering), And Segment Forecasts, 2023 - 2030

U.S. Catering Services Market Size, Share & Trends Analysis Report By Type (Workplace/ Office Catering, Event Catering), And Segment Forecasts, 2023 - 2030

U.S. Catering Services Market Growth & Trends

The U.S. catering services market size is expected to reach USD 109.41 billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for corporate catering for events and meal kits for offices is expected to drive the corporate catering service industry in the near future.

Corporate catering companies are usually preferred for corporate events due to professionalism, experience, and flexibility. These caterers are professionals with extensive experience in handling all facets of food service for large groups, including menu planning, food preparation, serving, and clean-up. They offer a hassle-free solution for food service needs, whether it is a business luncheon or a sizable conference. In addition, corporate catering services often prove to be a cost-effective choice compared to other event planning alternatives.

ezCater has released insights from its “Feeding the Workplace” report during the Catering Growth Forum at the 2023 Food On Demand Conference, highlighting the evolving role of food in the workplace in a post-COVID world and its impact on the catering industry. The company witnessed an 87% increase in bookings in 2022 compared to 2021.

California, as a major economic and business hub, shares the same emphasis on corporate events, meetings, and workplace perks. These instances highlight the growing demand for corporate catering services in the U.S. and are likely to be similar in California, driving the growth of the catering service market in the state.

The event catering segment accounted for the maximum share of the market. The growing demand for catering services for wedding events, corporate events, social events, cultural events, and sports events in the U.S. is accelerating the market growth. The Foster City Parks and Recreation Department in California organizes various events for local residents. These events not only provide opportunities for community engagement but also create a seasonal surge in demand for catering services.

U.S. Catering Services Market Report Highlights

• The market is expected to grow at a CAGR of 7.7% from 2023 to 2030. The resurgence of corporate events across the U.S. is expected to boost the growth
• The workplace/ office catering segment is projected to register the fastest CAGR during the forecast period, A surge in new corporate offices and employment opportunities within office environments are the factors fueling the demand for catering services in the U.S.
• The event catering segment accounted for the largest market share in terms of revenue in 2022. The U.S. is home to many annual public events that emphasize the need for these services in the state, which is contributing to the growth of the segment

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