Press release
Food Service Contractors Market Trends and Strategies 2022 - Advances in Technology
Global food service contractors market growth outlook is positive with significant growth potential for food service contractors. Emerging market growth, public and private investments in healthcare and education, busy lifestyles, growth in the airline industry globally is driving the demand for food service contractors. At the same time, there is mounting pressure on food service contractors to reduce costs and improve food quality.
The market for food service contractors reached a value of nearly $REDACTED billion in 2017 and is expectedto grow at a compound annual growth rate (CAGR) of REDACTED% to nearly $REDACTED billion by 2022.
The market for food service contractors is somewhat concentrated with a few large players dominating the market. Major players in the market are Compass Group plc, Sodexo, Aramark Corporation, Elior and others.
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Business Establishments accounted for the largest share of the market for food service contractors in 2017 at REDACTED%. The highest growth is projected to come from Healthcare Institutions which is forecastedto grow at a CAGR of REDACTED%. Major factors included rapid growth in elderly population and increasingincidences of chronic diseases and also due to increased public and private investments in thehealthcare industry in emerging markets
Asia-Pacific is the largest market for food service contractors, accounting for REDACTED of the global market.It was followed by Western Europe and North America. Going forward, Africa is expected to witness thefastest growth in the food service contractors market, estimated to grow at a CAGR of REDACTED%, followed byAsia-Pacific, which is expected to grow at a CAGR of REDACTED%.
China is the largest market in terms of value in the food service contractors market. India and the UK are forecasted to have the fastest growth, growing at a CAGR of REDACTED% and REDACTED%, respectively. The market is challenged by restraints such as stringent food safety regulations, logistic challenges and shortage of skilled labor.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Currencies
Geographic Breakdown
Analyst's Credentials
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Chapter 2 Summary and Highlights
Chapter 3 Food Service Contractors Market Characteristics
Chapter 4 Food Service Contractors Market Size and Growth
Historic Market Growth
Drivers of the Market
Restraints on the Market
Forecast Market Growth
Drivers of the Market
Restraints on the Market
Chapter 5 Food Service Contractors Market Trends and Strategies
Emergence of Organic Menus
Advances in Technology
Delivering Surplus Food to Homeless and Needy People
Increasing Mergers and Acquisitions
IoT Enabled Kitchen Equipment
Automated Purchasing Tool
Flexitarianism and Vegetable Consumption is on the Rise
Chapter 6 PESTLE Analysis
Political
Tax Exemptions to Airlines Driving Market Growth
Investments in Healthcare Industry
Increasing Investments in Education Industry
Environmental
Extreme Weather Conditions Increase Investments in Food Preservation Systems
Rising Pollution Levels Causing Food Contamination
Social
Busy Lifestyle Increasing Demand for Food Service Contractors
Increasing Demand for Healthy and Organic Food
Technological
RFID Tracking for Inventory and Supply Chain Management
Use of IoT Technology to Reduce Operational Costs
Economic
Investments in Special Economic Zones Increasing Demand for Food Service Contractors
Increasing Disposable Incomes
Legal
Varying Food Safety Regulations with Different Countries and Airlines
Chapter 7 Food Service Contractors Market Segmentation
Global Food Service Contractors Market, By Segment
Global Food Service Contractors Market, Historic and Forecast, By Segment, 2013-2022,
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Chapter 8 Food Service Contractors Market Regional and Country Analysis
Global Food Service Contractors Market, By Region
Global Food Service Contractors Market, 2013-2022, Historic and Forecast, By Region
Global Food Service Contractors Market Segmentation, By Region, 2017
Global Food Service Contractors Market, By Country
Global Food Service Contractors Market, Historic and Forecast, By Country
Global Food Service Contractors Market Segmentation, 2017, By Country
Chapter 9 Food Service Contractors Market Customer Information
Technology to Tackle Food Waste Problem
Concession Lines Scare Away Hungry Fans
Need for Safe Handling of Food Carts
Improving Quality of Food at Hospitals
Passenger Satisfaction with Meals During Flights
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