Press release
Contract Catering Market to receive overwhelming hike in Revenues by 2024 - 2031 | Compass Group PLC, United Enterprises Co. Ltd.
Contract Catering Market
The contract catering market is estimated to be valued at USD 302.81 Bn in 2024 and is expected to reach USD 449.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
Market Dynamics:
The Contract Catering Market is expected to witness significant growth owing to exponential rise in demand from corporate sector. With growing trend of outsourcing non-core business functions among corporates, contract catering services are garnering huge traction. According to research, over 65% of large corporates outsource their catering needs in developed countries. Additionally, hectic work schedules leave little time for preparing meals, thereby, further fueling the demand for convenient contract catering plans. The market is also driven by rising preference among educational institutes and hospitals to focus on core operations instead of catering facilities. This hasopened lucrative opportunities for contract caterers catering industry.
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Major Market Opportunity: Scope for product innovations and customized menus
The market opportunity lies in caterers differentiating themselves through continuous new product innovations and customized menus tailored to evolving tastes and preferences. As consumer food habits become more globally influenced and health-conscious, there exists room for caterers to launch new recipe ideas, indigenous cuisine options, theme-based menus, dietary-specific menus for vegan, gluten-free, low carb, etc. customers. Many caterers are already leveraging technology like mobile apps, cloud kitchens and food trucks to offer convenient meal plans with innovative ingredients and preparations on-the-go. Additionally, collectives that collaborate with local farms can benefit from growing demand for sustainability-sourced, organic ingredients in contract meals. Caterers focusing on R&D, customer insights and partnerships will be best placed to tap openings from changing consumer demands that seek interesting new flavors and menus periodically.
Major Market Trend: Focus on health and wellness driven menus
There is a dominant industry trend where contract caterers are increasingly conscious of providing menus that focus on health, nutrition and wellness for today's informed customers. Fat and sugar reduction, whole grains, plant-based proteins, seasonal produce - these are becoming hallmark of catered food. Many are consulting dietitians to design vibrant, balanced menus tailored to individuals with specific dietary needs, allergies or medical conditions. Technology plays an important role as apps enable real-time customization and changes to nutritional content. Caterers are also promoting healthy preparation techniques like grilling, steaming as oppose to frying. This aligns their offerings with broader societal shifts to preventive healthcare and worksite wellness programs. By streamlining operations to cater to
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Top Companies Featured in This Report:
★ 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
★ Rhubarb Food Design Limited.
★ AVI Foodsystems Inc.
★ Culinary Service Types Group
★ Edibles Hospitality Kitchen & Café Company
★ Food Management Group Inc.
★ Hospital Housekeeping Systems (HHS)
★ ISS World
★ Maxx Hospitalities & Catering Service Type
★ Metz Culinary Management
★ Prince Food Systems
★ Red bean Hospitality
★ Rozzana
Market Segmentation:
By Product Type:
★ By Menu Type: Standard Menu , Customized/Bespoke Menu , Buffet/Cafeteria Style , and Others
★ By End-User Sector: Corporate/Office Catering , Education Catering (Schools, Universities) , Healthcare Catering (Hospitals, Care Homes) , Defense and Offshore Catering , Sports and Leisure Catering , Travel Catering (Airlines, Trains, etc.) , and Others (Events, Exhibitions, etc.)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Contract Catering Market Competition Landscape by Players
Chapter 4: Assessment of Contract Catering Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Contract Catering sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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