Press release
Contract Catering Market Industry Scenario, Strategies, Growth Factors And Forecast 2027
Contract Catering Market
Increasing demand for food-away-from-home and increasing focus of consumers on offering fresh food at work place are expected to drive demand for contract catering services, owing to its increasing demand from corporate offices, hospitals, educational institutions, and other industries, which provide quick and easy access to various healthy snack foods within the office or institute premises.
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Latin America is expected to witness a significant growth in global contract catering market by 2021. High economic growth in Latin American countries such as Brazil coupled with increasing purchasing power of the urban population are expected to propel the contract catering market growth in Latin America. For instance, according to International Monetary Fund (IMF), Brazil’s economy grew 3.6 times to reach US$ 1.8 trillion in 2018 from US$ 0.5 trillion in 2002.
Growing healthcare sector in Mexico is also expected to boost growth of contract catering services to the healthcare sector. For instance, according to International Trade Administration, Mexico spent around 4.2% of its GDP in the healthcare sector in 2018.
Detailed Segmentation:
Global Contract catering Market, By Sector:
Corporate
Industrial
Hospitality Services
Healthcare
Educational Institutions
Sports & Leisure
Others
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Key companies covered as a part of this study includes Compass Group PLC, United Enterprises Co. Ltd., Elior Group SA, Aramark Corporation, CH&Co Catering Group Limited, Mitie Group plc., Sodexo S.A., Westbury Street Holdings Limited, and Rhubarb Food Design Limited
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