Catering Services in New Zealand - Industry Market Research Report

Catering Services in New Zealand - Industry Market Research Report

Catering Services in New Zealand

Companies in the Catering Services industry have faced a range of challenges in recent years. Industry revenue is expected to decline at an annualised 2.8% over the five years through 2022-23, to $813.2 million. The COVID-19 pandemic has underpinned this revenue decline. Most catering events were cancelled in line with restrictions on public gatherings, while travel bans disrupted demand from airlines. Many caterers started offering individually packed meals and home delivery services, which partially offset revenue declines. Increased healthcare demand during the COVID-19 pandemic benefited large-scale operators offering full-service contracts, like in managed isolation facilities. Easing of restrictions drive demand for catering services in the current year, supporting a 10.1% increase in industry revenue in 2022-23.

Industry firms primarily provide catering services at specific locations or events. Catering firms may transport meals and snacks to the venue, or prepare and serve them on 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.