the catering market
1.1 Definition and presentation
The catering market is one of the five segments that compose commercial catering, together with: traditional catering, fast food, coffee shops and pubs. This market is closely linked to the events market and is aimed both at professionals (welcome coffee, business lunches, cocktails, corporate seminars, etc..) and individuals (weddings, baptisms, etc..). In this context, the caterer - although he can be in charge of a wide range of services around an event (e.g. decoration, service, entertainment) - is generally the one who prepares dishes or meals, to be delivered or taken away.
The Global catering market’s outlook is positive: estimates a CAGR of 6% until 2024. Asia is the largest market, followed by North America and Europe. The US catering market is projected to grow at a CAGR of 4% from 2017 to 2023, where the largest revenue segment is sports and leisure. The US catering market is moderately concentrated and the top five players include Compass Group, Sodexo, Aramark Services, Delaware North, and Elior Group.
Demand is dependent on high-income households and the performance of businesses; IBIS projects that consumers in these segments will spend more on catering service, driven by stronger corporate profits. Moreover, demand trends will pertain to more healthy and organic eating habits; the incorporation of seasonal and local food, and for example vegetarian meals will be key to market growth.
To keep reading, buy the full research
What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
- How do companies in the market differ from each other?
- Access company mapping and profiles.
- Data from several dozen databases
This market study is available online and in pdf format (38 p.)
- Download an example
- Consult our offers Consulting, Subscription, Press & Education.
Availability within 2 business days
Analysts & Methods
Customer Reviews (1)
Average over the last 3 months