Press release
Global Catering Services Market is Driven by the Increasing Demand for Corporate Events and Business Gatherings
Catering Services Market Size, Share, Trends and Forecast by Service Type, End User, and Region, 2025-2033
The global catering services market was valued at USD 154.71 Billion in 2024 and is projected to reach USD 229.92 Billion by 2033, growing at a CAGR of 4.28% from 2025 to 2033. The market growth is driven by increasing demand for corporate events, social gatherings, and a rising trend of outsourcing food services worldwide. North America dominates with a market share over 35% in 2024.
Study Assumption Years
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033
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Catering Services Market Key Takeaways
• Current Market Size: USD 154.71 Billion in 2024
• CAGR: 4.28% (2025-2033)
• Forecast Period: 2025-2033
• North America dominates with over 35% market share in 2024.
• The global outsourcing of food services is driving growth.
• Growth is driven by the increasing number of social events and the growing demand for custom cuisine.
• Companies outsource corporate event catering to improve the client experience.
• Technology, including online booking, makes travel more available.
Market Growth Factors
Organizations and businesses use catering services for their corporate gatherings and formal meetings because such services help them to enhance their event quality and client satisfaction and employee dedication. The growth of business conferences and product launches has become easier because companies can outsource their catering services which enables them to focus on their core activities while receiving benefits from unique menu options and adaptable delivery times and enhanced service quality.
The market experiences growth because of rising demand from parties and business meetings and social events. Hosts demand that catering companies provide dining experiences which will give guests something different from their regular home meals. The global event market has developed new complexities which have created a need for special menu options and high-end services.
Consumer demand for more diverse food options has led to the rise of international cuisines, fusion cuisines, and specialty menus which can be found through vegan or gluten, free options, for example. Through the internet, social media, food bloggers, and influencers have created a demand for exotic foods by exposing consumers to them online. The planned partnership between SATS Ltd and Mitsui & Co. , Ltd. to diversify food supply chains and develop new food service products is the main reason behind the market growth.
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Market Segmentation
By Service Type:
• Contractual Catering Service
• Non-contractual Catering Service
Contractual Catering Service: This segment leads with a 67.8% share due to long-term agreements with businesses and institutions. It offers consistent, cost-effective, and customized meal services to sectors like corporate offices, healthcare, education, and industrial units, providing reliable and scalable solutions.
Non-contractual Catering Service: Not explicitly detailed but includes catering services without long-term contracts, addressing more flexible or event-based requirements.
By End User:
• Industrial
• Hospitality
• Educational
• Healthcare
• In-flight
• Others
Industrial: Provides meals to factory and construction employees, emphasizing bulk delivery and cost-efficiency to enhance satisfaction and productivity.
Hospitality: Enhances guest experiences during conferences and events. Hotels and resorts collaborate to offer premium, diverse, and gourmet catering services.
Educational: Focuses on healthy, balanced meals adhering to dietary standards for schools, colleges, and universities. Customization accommodates allergies and preferences.
Healthcare: Caters to specialized dietary needs such as low-sodium and diabetic meals, ensuring hygienic and nutrient-rich food for patients and staff.
In-flight: Offers pre-packaged meals tailored to passenger preferences, including vegan, halal, and kosher options. Growth driven by rising air travel and premium services.
Others: Covers weddings, sports functions, and private gatherings with customization, seasonal themes, and diverse menu options. Trends include destination weddings and pop-up events.
Regional Insights
North America accounted for the largest share of the event services market with more than 35% of revenue in 2024. The region's mature event services industry and the high per capita expenditure on food services were the main factors behind the large share. Outsourced catering is the most popular choice for corporate, wedding, and private events. There is a growing trend of people wanting organic, vegan, and locally sourced foods. Technology can enhance product or service convenience for the consumer, for instance, by facilitating online ordering. A multicultural population provides an abundance of diverse cuisines.
Recent Developments & News
• CH&CO sold off its UK and Ireland contract caterer and hospitality business to Compass Group PLC for GBP 475 million (USD 600 million) in January 2024.
• May 2023: Aramark made a partnership with Bean Sprouts, a nationwide cafe chain that focuses its creativity and its focus for children's health.
• Olo announced a partnership with DeliverThat in April 2023 to connect restaurant orders with third-party delivery service providers. Olo hopes to improve last-mile delivery efficiencies.
Key Players
• Aramark
• AVI Foodsystems Inc
• Bartlett Mitchell Ltd
• Compass Group plc
• Dine Contract Catering
• DO & CO Aktiengesellschaft
• Elior Group
• Emirates Flight Catering
• Entier Limited
• ISS A/S
• Newrest Group Services SAS
• Sodexo S.A.
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as part of the customization.
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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