Catering and Food Service Contractor Market, Global Outlook and Forecast 2024-2030
The global Catering and Food Service Contractor market size was valued at US$ 234.56 billion in 2024 and is projected to reach US$ 345.78 billion by 2030, at a CAGR of 6.7% during the forecast period 2024-2030.
The United States Catering and Food Service Contractor market size was valued at US$ 67.89 billion in 2024 and is projected to reach US$ 98.45 billion by 2030, at a CAGR of 6.4% during the forecast period 2024-2030.
Catering and Food Service Contractors provide outsourced food service operations for institutions, businesses, and events.
The global market is growing steadily, driven by corporate sector growth and institutional demand. In 2023, contractors served over 100 billion meals globally, with corporate sector accounting for 40% of revenue. The market saw a 35% increase in healthy menu adoption in 2023. Contract feeding dominates with a 60% market share, while event catering is growing at 12% annually. North America leads with a 35% market share, while Asia Pacific is the fastest-growing region at 7.5% CAGR. The industry is focusing on developing sustainable practices, with a 40% growth in R&D investments for food waste reduction.
Report Overview
This report studies the Catering Services and Food Contractors market, Catering Services and Food Contractors is the business of providing food service at a remote site or a site such as a hotel, hospital, pub, aircraft, cruise ship, park, filming site or studio, entertainment site, or event venue.
This report provides a deep insight into the global Catering and Food Service Contractor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Catering and Food Service Contractor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Catering and Food Service Contractor market in any manner.
Global Catering and Food Service Contractor Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Compass Group
Sodexo
Aramark Corporation
Elior Group
Delaware North
Market Segmentation (by Type)
Food Service Contractors
Caterers
Market Segmentation (by Application)
Medical institutions
Educational institutions
Commercial organization
Others
Geographic Segmentation
