North America Catering Market Expects to See Significant Growth During 2023-2029

The market for goods and services associated with the catering sector in North America is known as North America Catering. It covers services that cater to the needs of caterers, restaurants, hotels, and other end users, such as cloud-based catering software and on-premises catering systems. North American Catering also offers total solutions for sourcing food and beverages, marketing, operations management, customer care, event planning, and payment processing.

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The global North American catering market is anticipated to grow at a CAGR of 11.9% from 2017 to 2027, reaching a value of USD 155.40 billion. The demand for convenience, rising consumer knowledge of hygienic practices and quality standards, and technological improvements are all major contributors to this increase. The sector is seeing a sharp increase in demand for cutting-edge catering solutions. Catering businesses are adopting cutting-edge solutions to fulfil this demand, including smartphone apps and online ordering systems.

Cloud-based and on-premises catering are the two segments of the North American catering market. Due to their potential to offer scalability and cost advantages when compared to their on-premise counterparts, these cloud-based catering solutions are becoming more and more popular. Businesses have access to a variety of functions, including online ordering, delivery tracking, and customer service management, thanks to cloud-based catering systems. Furthermore, compared to conventional on-premise systems, cloud-based catering solutions are frequently more effective and affordable.

Due to the rising need for cutting-edge and effective cloud-based solutions that help businesses manage their catering operations more efficiently, the caterer's segment is predicted to experience the greatest CAGR over the projection period. Additionally, this market's expansion is probably driven by the expanding trend of outsourcing catering services.

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The North American catering market is segmented regionally into nations including the United States, Canada, and Mexico. This industry is expanding in North America as a result of factors such as the rising number of eateries, the abundance of vendors and caterers in the area, and the rising demand for convenient food delivery services. Additionally, it is anticipated that there will be a need for outsourced catering services in North America due to the growing trend of meal delivery services, with businesses like GrubHub and DoorDash becoming more well-known.
Customers may purchase meals from participating restaurants and have them delivered right to their door thanks to DoorDash's restaurant delivery service, which went live in Canada in January 2020.

This has had a significant effect on the North American catering industry, boosting competitiveness and generating fresh chances for eateries, caterers, and suppliers to profit from the rising need for practical food delivery services.
To compete with DoorDash in providing meal delivery services in both Canada and the United States, Grubhub and Uber Eat entered the market in March 2020. Due to the growing competition, restaurants now provide more delivery alternatives and special discounts, enabling customers to order meals from their preferred restaurants while saving time and money.

Postmates, one of the biggest food delivery services in the US, was purchased by DoorDash in May 2021. With the help of Postmates, DoorDash was able to considerably increase its market share, reach new customers, and compete more successfully with Grubhub and Uber Eats. McDonald's and DoorDash announced a partnership in October 2021, enabling customers to place orders from the fast food juggernaut directly through the DoorDash app.

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