Catering Services and Food Contractors, Global Market Trends, Growth, Insights 2024
The Business Research Company recently released a comprehensive report on the Global Catering Services And Food Contractors Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5463&type=smp
According to The Business Research Company's, The catering services and food contractors market size has grown strongly in recent years. It will grow from $286.33 billion in 2023 to $303.16 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased preference for healthy food in the workplace and rise in the tourism industry.
The catering services and food contractors market size is expected to see strong growth in the next few years. It will grow to $388.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising population and rising urbanization. Major trends in the forecast period include adopting intelligent methods such as artificial intelligence, consider offering food products made from natural ingredients, free of gmos (genetically modified organisms) and artificial flavors or colors, geographical expansion, and new service launches to improve product portfolio and revenues..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/catering-services-and-food-contractors-global-market-report
Market Drivers and Trends:
The catering services and food contractors market growth is aided by stable economic growth forecasted in many developed and developing countries. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the Reserve Bank of India, India's GDP is expected to grow at 9.5% during the year 2022, whereas China is forecasted to register GDP growth of 5.5% in 2022. Stable economic growth is expected to increase the demand for services offered by this industry, thereby driving the market during the forecast period.
Food catering companies are forming alliances to serve food to schools, colleges, and universities. They are also involved in the development of mobile apps that provide tailored food options to meet the needs of each individual. For instance, in March 2021, Sodexo, the food service and facilities management company, announced a partnership with HelloFresh, the meal kit leader, to deliver HelloFresh and EveryPlate meal kits to students at more than 300 colleges and universities in the United States. Students can pre-select, order, and schedule meal kits for delivery using Sodexo's BiteU app. Whether students are vegetarian, on a low-calorie diet, or looking for something quick and easy, HelloFresh allows them to choose from a varied and changing weekly menu. EveryPlate is a rotating menu of simple and affordable chef-curated recipes, including vegetarian and gourmet options.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Compass Group PLC, Sodexo, Inc, Aramark Corporation, Elior Group S.A, Autogrill S.p.A, Samsung C&T Corporation, Deutsche Lufthansa AG, Subway, SSP Group plc, DO & CO Aktiengesellschaft, Shanghai Wagas Catering Co., Ltd, Yum China Holdings Inc, Chefs Culinar Nord GmbH & Co KG, BaxterStorey, Kofler & Kompanie GmbH, Searcys, Bun Apetit Catering, Gaspar's, Kyiv Catering, Premier Catering, Resto-Rātors, jezeršek catering, Wolfgang Puck Catering, CulinArt Group, Oliver & Bonacini Events and Catering, Encore Catering, Presidential Gourmet, Sapore, Nutriplus Alimentação, Banquetería Santa Brasa, Middle East, Emirates Flight Catering, Royal Catering, Qatar Aircraft Catering Company, Sawhney Foodstuff Tr.Co.LLC., Saudi Airlines Catering, Gulf Catering Company, Tsebo Solutions Group, Feedem Group, Food Concepts PLC, Meikles Limited, Ghada Nawara, Servest Catering
Catering Services And Food Contractors Market 2024 Key Insights:
• The catering services and food contractors market size is expected to see strong growth in the next few years. It will grow to $388.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Stable Economic Growth Driving The Catering Services And Food Contractors Market
• Food Catering Companies Partner To Offer More Tailored Options To Schools And Universities
• Western Europe was the largest region in the catering services and food contractors market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5463&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: mailto:info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Catering Services and Food Contractors, Global Market Trends, Growth, Insights 2024 here
News-ID: 3763969 • Views: …
More Releases from The Business Research Company
Difficult-to-Express Proteins Market Growth Analysis, Top Segments, Market Resea …
"The Business Research Company recently released a comprehensive report on the Global Difficult-to-Express Proteins Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Opioid Use Disorder (OUD) Market Outlook, Insights, Size 2024-2033
"The Business Research Company recently released a comprehensive report on the Global Opioid Use Disorder (OUD) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Viral And Non-Viral Vector Manufacturing Market Key Trends, Size, Outlook, Overv …
"The Business Research Company recently released a comprehensive report on the Global Viral And Non-Viral Vector Manufacturing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your…
Children and Young Adult Books, Market Opportunities, Global Insights, Trends 20 …
The Business Research Company recently released a comprehensive report on the Global Children and Young Adult Books Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your…
More Releases for Catering
Refreshment Catering Market Next Big Thing | Major Giants First Choice Catering, …
The global refreshment catering market is expected to grow at a significant rate during the forecast period, according to the AMA study. The growing demand from the commercial sector in order to provide value-added services in the packages of the employees in order to collect top talents from the market and the growing number of corporate and wedding events are some of the major factors aiding into the growth for…
Catering Services Market, Industrial Catering Market, Airline Catering Market, C …
Catering business comprises of providing the food related services for a particular event or a location as required by client and event organizers. Catering services are generally sold on the per-person basis. It generally includes bar open/close time, meal-time, staff arrival time, rental arrival time and rental pick up. There are several factors that can affect the price of catering for instance menu choices, labor & service charges and furniture…
Inflight Catering Market Worth Observing Growth | Air Gourmet, ANA Catering Serv …
Latest survey on Global Inflight Catering Market is conducted to provide hidden gems performance analysis to better demonstrate competitive environment of Inflight Catering. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2015 to 2020 and forecasted till 2026*, the outbreak of latest scenario in…
Catering Services Market | Catering Market Future Growth | Hotel Catering Indust …
The market of the catering services has been functioned by the effective infrastructure which has led to augment in the construction activities in which in turn necessitate catering services for the labor camps. Whereas, the industrial caters efficiently facilitate the requirements of catering of the several remotely positioned industries comprising the factory and mining sites, manufacturing plants, oil and gas station and several others.
However, the Jordan Catering market has…
In-Flight Catering Market Is Booming Worldwide | UpperSky Catering, SAAC Ltd., S …
HTF MI recently introduced Global In-Flight Catering Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are UpperSky Catering, SAAC Ltd., SATS, Newrest Catering, Journey Group Pls., LSG…
In-Flight Catering Services Market by Business Players (AAS Catering, ANA Cateri …
This report provides an in-depth insight of Global In-Flight Catering Services Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis
This report focuses on the global top players, covered
SATS
Lufthansa Group
Brahim's Group
Newrest
Perth Inflight Catering
Alpha Group
Saudi Airlines Catering
Abby's Catering
AAS Catering
ANA Catering
Cathay Pacific Catering Services
Christopher's Inflight Catering
Flying Food Group
Air Malta
Olympic catering
Emirates Flight Catering
Gate Gourmet
IGS Catering Services
Journey Group Plc.
Request a Sample at http://www.reportsweb.com/inquiry&RW00011908774/sample
Market segment by Regions/Countries, this report covers
United…