Global Contract Catering
Market Report
2024
The Global Contract Catering market size is USD 245.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Contract Catering market size is USD 245.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Contract Catering Market Sales Revenue 2023 | $ 245.8 Billion |
Global Contract Catering Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Asia Pacific Contract Catering Market Sales Revenue 2023 | $ 63.91 Billion |
Asia Pacific Contract Catering Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Middle East and Africa Contract Catering Market Sales Revenue 2023 | $ 7.37 Billion |
Middle East and Africa Contract Catering Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.9% |
South America Contract Catering Market Sales Revenue 2023 | $ 12.29 Billion |
South America Contract Catering Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.8% |
Europe Contract Catering Market Sales Revenue 2023 | $ 88.49 Billion |
Europe Contract Catering Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
North America Contract Catering Market Sales Revenue 2023 | $ 73.74 Billion |
North America Contract Catering Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Market Split by Contract Type |
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Market Split by End User |
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Market Split by Service |
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Market Split by End-User |
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Market Split by Menu Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Contract Catering Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The contract catering industry continues to experience the effects of the growing concern for environmental sustainability and social responsibility. Shifts influence the contract catering industry in consumer tastes, such as the need for healthier options, personalization, and easy-to-implement culinary solutions. Successful caterers will be those who can adjust to customers' changing tastes and drive the contract catering market. Over the projected period, the contract catering market growth is anticipated as demand for food away from home across the globe due to the rising millennial and working population.
For instance, in April 2323, Accuro, based in the United Kingdom, provided mission-critical facilities management services to the education and healthcare sectors. OCS, a top facilities service provider worldwide, purchased the company. OCS has reached a major milestone with this strategic purchase by bolstering its service offerings to the UK government.
(Source: www.ocs.com/news/ocs-announces-its-first-bolt-on-acquisition-under-the-ownership-of-cd-r/)
The global market for contract catering is expanding due to the need for nutritious and varied food options in corporate settings, which has increased in response to the rising focus on employee well-being and wellness initiatives. This need is met by the many contract catering services that now provide tasty, healthy, and adaptable meals. There is a growing need for culturally sensitive catering services in modern, increasingly varied workplaces. The contract catering market has emerged due to recent advancements in the catering industry, which is growing in demand during the coming years.
For instance, in October 2023, CH&CO, a London-based specialist workplace caterer, revamped and re-launched its award-winning healthy eating range, Nutritious + Delicious, to bolster its clients to make informed decisions about the food, nutrition, and lifestyle choices they make while at work.
(Source: www.chandcogroup.com/news/vacherin-launches-nutritious-delicious-2-0/)
The market for contract catering is expanding because it has become more efficient due to the use of technology, such as ordering through online systems, mobile apps, and electronic payment systems. Successful caterers use technology to improve their services, increase customer satisfaction, and increase demand during the forecast period.
IDFC FIRST Bank and Sodexo, the market leader in employee benefits services, have introduced a co-branded digital meal benefit solution that streamlines the process of paying for food and allows consumers to save money on taxes.
Contract caterers may hamper growth in the contract catering sector and will likely encounter difficulties complying with strict food safety and health standards requirements. Improvements in training, facilities and processes are often necessary to meet these criteria, which can drive up operational expenses. Catering businesses risk having their profit margins eroded due to increased competition. The difficulty of keeping quality high while keeping prices low always continues. This factor hampered the global contract catering market during the forecast period.
The COVID-19 pandemic has had a major effect on contract catering. The pandemic caused pandemonium in global supply systems, raising the price and decreasing the availability of key materials. It took a lot of work for contract caterers to get their hands on the ingredients they needed to provide their services. Events like conferences and other large gatherings that rely heavily on food had to be postponed or scaled back due to the health scare. As a result, the number of events requiring food dropped dramatically.
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Well-known contract catering producers with a significant international presence included big corporations and smaller businesses. Several integrated health products companies actively populated the contract catering market. Digital ordering, menu management, and consumer interaction platforms may give businesses an edge.
(Source: www.aramark.com/newsroom/news/aramark-collegiate-hospitality-and-audubon-nature-institute-anno)
Top Companies Market Share in Contract Catering Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia-Pacific dominated the market in 2023, predicted to show the fastest CAGR of 7.5%. A major element propelling the regional market is the rising population, rising contract caterers' presence, and their adoption of growth tactics, including supplying new venues, events solutions, and mergers & acquisitions, which are mostly responsible for the expansion. Furthermore, the Asia-Pacific established norm of outsourcing catering services bodes well for the contract catering industry in Asia-Pacific, contributing to the demand for contract catering increased during the forecast period.
The Middle East and Africa region accounted for the largest share of the market because the market in this region is expected to grow at the fastest rate over the projected period due to stringent government legislation concerning food safety and a growing propensity for promoting healthy eating habits across various countries in this region. Growth in international travel is expected to be a major factor in the industry's expansion. Over the forecast year, the target market expansion is also anticipated to be boosted by increased customer demand for micro buffets.
The current report Scope analyzes Contract Catering Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 26% of global revenue, and will expand with a CAGR of 6.2% from 2023 to 2030. This can be attributed to several factors, such as the government's increased expenditures on the healthcare sector and the region's contract catering business, which has been affected by the growing interest in health and wellness. Businesses are encouraging wellness and introducing healthier food alternatives. In addition, expanding urbanization and rising consumer disposable income levels will fuel demand. According to Cognitive Market Research, in the Asia-Pacific region, the fixed price category is presumed to witness the most significant growth in the coming years because fixed-price contracts help customers by lowering their financial uncertainty. Contracts that shield customers from unplanned increases in catering expenses due to things like food price hikes or inflation are great for fostering long-term partnerships between caterers and their clients. In conclusion, Asia-Pacific nations, including South Korea, China, Japan, and India, have been at the cutting edge of technology adoption. Contract Catering is in high demand due to a shift in consumer priorities toward healthier options, which has affected contract catering in the area, which fuels the industry's growth during the forecast period.
According to Cognitive Market Research, the Middle East and Africa held a considerable market share in 2023, accounting for more than 3.00% of global revenue, and will expand with a CAGR of 4.9% from 2023 to 2030. Due to the increase, sustainability techniques, such as minimizing food waste, are gaining prominence, as are digital platforms for online ordering, menu administration, and customer engagement, and contributing to the contract catering industry's sustainable growth and development in the area. According to Cognitive Market Research, the B&I contract catering category will expand in the coming years because businesses and factories that provide on-site dining facilities for their workers tend to have happier staff members. Having food prepared and served right at work can reduce wait times, boosting productivity. In conclusion, According to Cognitive Market Research, initiatives in infrastructure development and the demand for flexible and adaptable food services rise as more people settle in urban areas in the Middle East and Africa, which will grow significantly during the forecast period.
According to Cognitive Market Research, Latin America held a considerable market share in 2023, accounting for more than 5.00% of global revenue, and will expand with a CAGR of 4.8% from 2023 to 2030. This is because there are significant market players for contract catering, and the region's general expansion of regulatory contexts because of the increasing altering menus, service practices, and marketing techniques, all factors growing demand in the contract catering market in this region. According to Cognitive Market Research, the Latin American market is expected to increase in the following years because customers who use this service privately have complete control over the type, quantity, and timing of their food deliveries, improving overall market private category growth. As a whole, rapid urbanization and technical improvement in the contract catering business have contributed to Latin America's rising economies is positive because it creates more chances in this region, which, in turn, results in overall healthy growth over the next few years.
According to Cognitive Market Research 2023, Europe held a considerable market share in 2023, accounting for more than 36% of global revenue, and will expand with a CAGR of 4.2% from 2023 to 2030. Because of the growing demand for food made with locally grown products that comply with strict ethical standards, increasing sustainability is a prominent concern in the European contract catering business, and changing their menus to include more plant-based and healthy options to satisfy the growing demand. In addition, food service contract catering is predicted to expand rapidly in the European market in the following years because, as an outcome, they have specialized knowledge of food safety laws and regulations. According to the guidelines, you may rest assured that your food will be prepared, kept, and served safely. In conclusion, the Contract Catering market in the European region with developing countries such as Germany, France, Italy, Spain, Russia, and the Rest of the European countries will witness healthy growth during the forecast period.
According to Cognitive Market Research, North America held a considerable market share in 2023, accounting for more than 30% of global revenue, and will expand with a CAGR of 4.00% from 2023 to 2030 because it promotes food innovation, presenting fresh and diverse menu selections to stay up with shifting consumer preferences and trends. Initiatives for environmental sustainability and responsiveness for shifting consumer tastes and the business sector is doing well because the economy is stable and businesses are expanding. Moreover, in the North American area, vegan contract catering is presumed to have the fastest growth in the coming years because it can help you lose weight, and there's some speculation that it can help prevent chronic illness as well. Calorie counts tend to be reduced while eating plant-based foods and fat than animal-based ones. This market sector is anticipated to develop fastest throughout the forecast period. In conclusion, According to Cognitive Market Research, rapid urbanization and growth of the initiatives for environmental sustainability will increase the demand during this region's forecast period.
Global Contract Catering Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Contract Catering Industry growth. Contract Catering market has been segmented with the help of its Contract Type, End User Service, and others. Contract Catering market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, fixed-price contracts held the major market share over the forecast period because they reduce customers' financial risks. Contracts can also foster continuous relationships between caterers and clients by protecting them against unanticipated rises in catering costs due to factors like food price increases.
Cost-Plus is the fastest-growing category over the forecast period because cost-plus contracts provide a great deal of openness because they itemize the expenses incurred by the caterer and permit more individualized service provision. Menu options can be made more flexible for diners.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Contract Catering Industry. Request a Free Sample PDF!
According to Cognitive Market Research, B&I holds a prominent market share as B&I's availability of on-site food options is a major factor in the happiness of workers in business and industrial settings. Saving time with on-site catering can boost staff productivity. B&I, contract caterers, frequently supply meals for corporate gatherings, including conferences and meetings. This can ease the planning process for businesses, as they can rely on the catering service to manage their dietary and beverage arrangements.
Healthcare is the fastest-growing category over the forecast period, as their desire to contract catering services for the healthcare business is experts at adhering to all applicable rules and dietary restrictions. To ensure that their patients always receive their meals on time and according to their doctors' orders, healthcare catering companies often create sophisticated meal delivery systems, contributing to the market's overall growth.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, food service holds a prominent market share due to being often well-versed in food safety regulations because of their industry. Following the rules guarantees that the food is made, stored, and served in a sanitary manner.
Support services are the fastest-growing category over the forecast period because they include polling customers to assess contentment. Caterers can better meet their customers' needs due to this feedback loop.
According to Cognitive Market Research, private companies hold a prominent market share due to the convenience of contract catering services, which provide customers with options for meal preparation and delivery times. Customers in the private sector have complete control over the menu, including how often they receive food when it is delivered, and what kinds of food they receive.
The public is the fastest-growing category over the forecast period because public organizations, including institutions of learning, government buildings, and community centres, can benefit from its affordable food services. Because of this, resources and money can be used effectively.
According to Cognitive Market Research, veganism holds a prominent market share because well-balanced vegan studies have demonstrated that diets work for weight loss, and there is some evidence that they can reduce the risk of chronic conditions as well. Most of the foods in this category come from plants and tend to be low in calories and fat.
Organic is the fastest-growing category over the forecast period because organic goods are sourced regionally and according to the seasons. Using locally sourced and in-season ingredients is a positive selling point for contract caterers.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
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The Global Contract Catering Market is witnessing significant growth in the near future.
In 2023, the Fixed Price segment accounted for noticeable share of global Contract Catering Market and is projected to experience significant growth in the near future.
The B&I segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Compass Group , Elior Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
1.Collective agreement signed for contract catering sector
2.Key elements of a catering contract
Disclaimer:
Contract Type | Fixed Price, Cost-Plus, Other |
End User | B&I, Education, Healthcare, Senior Care, Sports & Leisure, Remote Sites, Others |
Service | Foodservice, F&B Services, Support Services, Others |
End-User | Private, Public |
Menu Type | Vegan, Gluten-Free, Organic, Conventional |
List of Competitors | Compass Group, Sodexo, Elior Group, Aramark Services, Westbury Street Holdings, ISS World Services, Amadeus Food, Atalian Servest, Bartlett Mitchell, Vacherin, Camst, Caterleisure Group, ABM Catering Solutions, CIR Food, Connect Catering, Dine Contract Catering, Fazer Food Services, CH & CO Catering, Interserve Catering, Blue Apple Catering, OCS Group, Olive Catering Services, SV Group, The Genuine Dining Co., Mitie Catering Services |
This chapter will help you gain GLOBAL Market Analysis of Contract Catering. Further deep in this chapter, you will be able to review Global Contract Catering Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Contract Catering Market Trends North America Contract Catering Technological Road Map North America Contract Catering Market Drivers North America Contract Catering Market Restraints North America Contract Catering Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Contract Type Analysis 2019 -2031, will provide market size split by Contract Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Contract Type Analysis 2019 -2031
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Chapter 11 Market Split by End User Analysis 2019 -2031
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Chapter 12 Market Split by Service Analysis 2019 -2031
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Chapter 13 Market Split by End-User Analysis 2019 -2031
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Chapter 14 Market Split by Menu Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Contract Catering market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Fixed Price have a significant impact on Contract Catering market? |
What are the key factors affecting the Fixed Price and Cost-Plus of Contract Catering Market? |
What is the CAGR/Growth Rate of B&I during the forecast period? |
By type, which segment accounted for largest share of the global Contract Catering Market? |
Which region is expected to dominate the global Contract Catering Market within the forecast period? |
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