Global Food Service Contractors Market to 2022 : Compass Group plc, Sodexo, Aramark Corporation, Elior

Researchmoz added latest report "Food Service Contractors: Global Markets to 2022". The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

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.

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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.

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.

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