Press release
Global Catering Services and Food Contractors, Market Trends, Growth Insights, Analysis 2024
Catering Services and Food Contractors, Industry Growth, Global Market Trends, Insights
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 Global Catering Services and Food Contractors, Market Trends, Growth Insights, Analysis 2024 here
News-ID: 3765863 • Views: …
More Releases from The Business Research Company
Key Factor Supporting Global ERP Software Market Development in 2025: Expanding …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the ERP Software Industry Market Size Be by 2025?
The size of the erp software market has expanded swiftly in the preceding years. It is projected to surge from $145.29 billion in 2024 to $159.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.0%.…
The Rising Need For Low Operating Costs In Business Process As A Service (Bpaas) …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Business Process as a service (BPaaS) Market Through 2025?
Over time, there has been consistent growth in the business process as a service (BPaaS) market size. The market, currently valued at $57.49 billion in 2024, is anticipated to grow to $59.98 billion…
2025-2034 Augmented Reality Services Market Outlook: Key Drivers, Emerging Chall …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Augmented Reality Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of augmented reality services has seen substantial growth in the past few years. The market size, which was at $194.44 billion in 2024, is projected to reach $280.66 billion in 2025,…
Rising Demand For Industrial Internet Of Things (IIoT) Driving Growth Of The Tim …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Time-Sensitive Networking (TSN) Market Size Growth Forecast: What to Expect by 2025?
The exponential expansion of the time-sensitive networking (tsn) market in recent years is noteworthy. The market, which was valued at $0.65 billion in 2024, is estimated to swell up to $0.81 billion in 2025, reflecting a compound…
More Releases for Catering
Best catering services in Mumbai | Jaffer Bhai's Catering
Mumbai, India - July 16, 2024 - Jaffer Bhai's Delhi Darbar, a well-known name in Mughlai cuisine, is now offering its highly regarded catering services across Mumbai. With a focus on authentic flavors and high-quality service, Jaffer Bhai's Catering aims to provide an exceptional dining experience for events of all sizes.
A History of Quality
Since its founding in 1973 by Jaffer Bhai Mansuri, Jaffer Bhai's Delhi Darbar has been a beloved…
Airline Catering Service Market to See Ongoing Evolution | AAS Catering, Emirate …
The latest independent research document on Airline Catering Service examines investment in Market. It describes how companies deploying these technologies across various industry verticals aim to explore their potential to become major business disrupters. The Airline Catering Service study eludes very useful reviews & strategic assessments including the generic market trends, emerging technologies, industry drivers, challenges, and regulatory policies that propel the market growth, along with major players' profiles and…
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…
