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Global Catering and Food Service Contractor Market Valued at USD 300.2 Billion in 2022, Expected to Grow at a CAGR of 7.2% from 2023 to 2033

05-22-2023 08:24 PM CET | Health & Medicine

Press release from: Evolve Business Intelligence

Global Catering and Food Service Contractor Market Valued at USD

As per the study initiated by Evolve Business Intelligence, the global Catering And Food Service Contractor market size accounted for USD 300.2 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The catering and food service contractor market refers to the industry involved in providing food services to various organizations, events, institutions, and businesses. Catering and food service contractors specialize in preparing, delivering, and serving meals and beverages to meet the specific requirements and preferences of their clients. With the growing emphasis on sustainability, there is also an increasing focus on environmentally friendly practices in the catering and food service contractor market. This includes sourcing locally produced ingredients, reducing food waste, implementing eco-friendly packaging, and promoting sustainable practices throughout the supply chain.
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Key Highlights:
• The global Catering And Food Service Contractor Market size was valued at USD 300.2 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Catering And Food Service Contractor Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Catering And Food Service Contractor market report also includes the following data points:
• COVID19 Impact on Catering And Food Service Contractor market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Catering And Food Service Contractor market
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Key Players
Some of the major Catering And Food Service Contractor players holding high market share include The RK Group, Gulf Catering Company, Delaware North Companies, Inc., Comprehensive Support Services PTE., Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• The RK Group
• Gulf Catering Company
• Delaware North Companies, Inc.
• Comprehensive Support Services PTE., Ltd.
• Australian Camp Services of Food Catering
• Conntrak Catering Service.
• National Catering Services & Foodstuff
• NCC Group
• Compass Group PLC.
• Sodexo
• Elior Group
• Aramark
• ISS A/S
• Thompson Hospitality Corporation
• NTUC Foodfare Co-operative Limited
• SATS Ltd.
• Catering Solutions Pte. Ltd.
• Neo Group Limited
• Algosaibi Services Company, Ltd.
Segmental Analysis
Market Segment By Ownership with focus on market share, consumption trend, and growth rate of Catering And Food Service Contractor Market:
o Standalone
o Chain
Market Segment By Application with focus on market share, consumption trend, and growth rate of Catering And Food Service Contractor Market:
o Corporate
o Educational Institutions
o Healthcare
o Industrial
o Hospitality Services
o Sports and Leisure
o Others
Parameters Details
Market Size (2022) $ 300.2 Billion
CAGR (2023 to 2033) 7.2%
Market Segmentation Ownership, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Catering And Food Service Contractor Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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