Catering Services in Australia - Industry Market Research Report

Catering Services in Australia - Industry Market Research Report

Catering Services in Australia

The Catering Services industry has faced significant difficulties during the COVID-19 pandemic. Before the pandemic, downstream businesses were outsourcing their catering requirements, which benefitted caterers and contributed to their revenue. Outsourcing enables companies to focus on their core operations and allows experts with established supply chains to undertake catering. But the pandemic and associated trading restrictions meant that most events that require catering were cancelled or postponed, partially offsetting revenue growth. Overall, industry revenue is anticipated to rise at an annualised 2.0% over the five years through 2022-23. Revenue is expected to jump by 11.3% in 2022-23, when revenue will total $7.4 billion as demand for airline catering takes off. As employees return to work in offices, demand for on-premises catering will also climb.

Industry firms primarily provide catering services at specified locations or events. Meals and snacks may be transported or prepared and served on or off the premises, as required by the client.

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.