Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Contract Catering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global contract catering market size reached US$ 245.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 330.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.97% during 2023-2028.

Contract catering refers to the food services provided by a catering company for an event or an organization on a contractual basis. In such cases, catering companies take accountability of their services and food quality, thereby help in enhancing the client’s reputation and business. Furthermore, contract catering has emerged as a cost-effective way of managing food services in a very less stressful manner for various events. Owing to this, contract catering is being rapidly adopted across diverse sectors, including education, corporate, healthcare, defense, sports, senior care, aerospace, etc.

The prevalent trend of hospitality and fine dining, as a part of business development to establish good client relationship has led to the rising adoption of contract catering services by several private and public companies. Moreover, various caterers are focused on providing premium table services, exotic ingredients, live food counters and aesthetic delicacies in a profound manner, thereby transforming the global contract catering market. Additionally, the changing socio-economic scenario coupled with rising consumer living standards, particularly across the developing regions is further driving the market. Moreover, contract catering services are also gaining popularity in the healthcare sector due to the growing need for wellness and a balanced diet. Apart from this, the increasing demand for hygienic and nutritional food across educational institutions and geriatric care centers are also catalyzing the market for contract catering. Due to rapid digitalization and increasing penetration of smart devices, several contract catering companies are leveraging technology for offering pre-booking options, online menus, customized orders, and shorter waiting durations. In recent times, rising globalization levels, growing number of tourism activities, and exposure to various inter-cultural cuisines have resulted in changing consumer food preferences across the world. Apart from this, the expansion of leading contract catering companies along with their integrated services are attracting a large consumer base globally. Moreover, the emergence of advanced business models for offering ad-hoc workplace food services are expected to further boost the growth of the contract catering market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global contract catering market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on contract type, mode of contract and end user.

Breakup by Contract Type:

Fixed Price Contracts
Cost Plus Contracts


Breakup by Mode of Contract:

Outsourced
Self-Operated


Breakup by End User:

Business and Industry
Education
Healthcare and Senior Care
Defence and Offshore
Sports and Leisure
Airports
Others


Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa

Turkey
Saudi Arabia
Others




Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABM Catering Solutions, Amadeus, Aramark, Atalian Servest, Barlett Mitchell, Blue Apple Catering, Camst Group, Caterleisure Ltd., CH&CO Catering, Compass Group PLC, Dine Contract Catering, Elior Group, Fazer Food Services, Interserve, OCS Group Ltd., Sodexo, etc.

Key Questions Answered in This Report:

What is the expected growth rate of the global contract catering market during 2023-2028?
What are the key factors driving the global contract catering market?
What has been the impact of COVID-19 on the global contract catering market?
What is the breakup of the global contract catering market based on the contract type?
What is the breakup of the global contract catering market based on the end user?
What are the key regions in the global contract catering market?
Who are the key players/companies in the global contract catering market?