According to IMARC Group’s latest report, titled “: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market is expected to grow at a CAGR of around 6% during 2021-2026. Contract catering represents a food servicing business, wherein independent catering organizations provide regular, on-demand meals and refreshments on a contractual basis. The menus are pre-decided and -planned as per the requirement of the client. Contract catering assists in providing quality food, ensuring accountability, offering legislative compliance, managing costs, and maintaining quality standards and hygiene. Apart from this, contract catering is cost-effective and flexible as they make the event planning processes less stressful for the client, thus improving efficiency and saving time.
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The widespread adoption of contract catering services across various industrial verticals can be attributed to the increasing need for fine dining experience as a part of business development to establish an unparalleled client relationship. This represents the key factor currently driving the market growth. In line with this, the rising availability of nutritional and hygienic meals being offered by contract catering services due to the increasing focus of organizations on employee health is further propelling the market growth. Apart from this, the emerging trend of premium table services, such as live counters and the use of exotic ingredients, especially in developing countries, due to the evolving living standards, escalating disposable income, and shifting preferences are contributing to the market growth. Looking forward, IMARC Group expects the global contract catering market to continue its robust growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- ABM Catering Solutions
- Atalian Servest
- Barlett Mitchell
- Blue Apple Catering
- Camst Group
- Caterleisure Ltd.
- CH&CO Catering
- Compass PLC
- Dine Contract Catering
- Elior Group
- Fazer Food Services
- OCS Group Ltd.
Contract Catering Market Segmentation:
Breakup by Contract Type:
- Fixed Price Contracts
- Cost Plus Contracts
Breakup by Modes of Contract:
Breakup by End User:
- Business and Industry
- Healthcare and Senior Care
- Defence and Offshore
- Sports and Leisure
Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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