Global Catering E-Commerce Market Latest Advancements, Trends and Huge Business Opportunities 2020 to 2027

There is a new trend taking place in the field of food catering, and this is known as catering e-commerce. This service has gained popularity with the people due to its affordability and comfort. Many companies and individuals are now switching over to this method of catering for their business events and meetings, as they find it more convenient than any other form of catering. The first thing that one should keep in mind about such companies is that they do not provide a permanent location and the reason for this is that they provide all the details of the place where they will be serving and how much they will charge for the service.

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The global catering e-commerce market focuses on six regions, such as Asia Pacific, North America, South America, Europe, the Middle East, and Africa.

Drivers:

The main factor driving the growth of the catering e-commerce market is the incidence rate of catering e-commerce in the world. Consumers are favoring more to order-in rather than going out and eat. Moreover, the expansion of the food industry is also augmenting the growth of the catering e-commerce market. For instance, according to the Food and Drink Federation of the U.K. in the second quarter of 2019, the government spent around US$ 36982.65 on the food and non-alcoholic beverages sector. Among the middle-income group, the rate of opting for food catered to their residence is higher than the rest of the income groups. This is expected to propel the growth of the market.

Restraints:

Compromise on accurate food temperature and consistency in food quality are the main restraining factors hindering the growth of the catering e-commerce market.

Regional Insights:

The Asia Pacific is expected to hold a significant share of the catering e-commerce market, owing to the expansion of the food and beverage industry, backed by favorable government policies in the region and the presence of several catering e-commerce websites and organizations.

North America is estimated to witness significant growth in the global catering e-commerce market, owing to the increased investment in the food and beverage sector in the region, backed by growing consumer demand for catered foods and efficient advertisement by food and beverage manufacturers. According to the Food & Beverage Association of America, in 2019, the food and beverage sector of the region spent around US$ 54.2 billion on advertising.

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Competitive Section:

Key players operating in the global catering e-commerce market include Newrest Group Services SAS, Gategroup, Emirates Flight Catering Co., Elior Group, DO & CO Group, Deutsche Lufthansa AG, Delware North Companies Inc., Compass Group Plc, Bartlett Mitchel Ltd., and Aramark.

In March 2021, Puff 'n Stuff, an Orlando caterer, started a new division called Heirloom to enhance their catering e-commerce business.

In March 2021, Border Foods announced that it is going to introduce a new outlet for catering to cars only.

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