The catering services and food contractors industry offers food services per single event or on a contractual basis. Such establishments include banquet halls with catering services, caterers, airline food service caterers, canteen catering services and contractual caterers. This industry does not include food vending machines and mobile food services (food trucks) and renting of non-residential buildings without food catering services.
The top five companies covered are Compass Group plc, Sodexo, Aramark Corporation, Elior Group and Delaware North. Compass Group PLC was the largest company in the catering services and food service contractors market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Catering and Food Service Contractors Global Market Size
The global catering services and food contractors market was valued at around $1.2 trillion in 2017. Asia Pacific was the largest region in the catering services and food contractors market in 2017, accounting for around 75% market share. China was the largest country in the market in 2017, accounting for more than 45% of the market share.
Catering and Food Service Contractors Global Market Trend
Catering services and food contractors are increasingly sourcing local and organic raw materials and ingredients to produce meals. Many individuals in the 18-35 age group prefer organic meals as they are becoming conscious about their eating habits and lifestyles. Establishments in the industry are increasingly seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier meals.
Catering and Food Service Contractors Global Market Segmentation
The market segments in the catering and food service contractors market are Food Service Contractors and Caterers.
Food service contractors include establishments that provide food catering services for industrial, commercial or governmental organizations. Such establishments work on a contractual basis for a specified period of time to provide food and beverages for institutions such as schools, colleges, transportation service providers, offices and factories.
Caterers provide food services on the basis of single events such as weddings, business meetings, parties and trade exhibitions.