[309 Pages Report] The catering management market is projected to record a CAGR of 4.3% during the forecast period (2022 - 2032).
The catering management market is expected to be valued at US$ 104.3 billion in 2022 and is likely to reach US$ 159.3 billion by 2032.
| Attributes | Details |
|---|---|
| Catering Management Market CAGR (2022 to 2032) | 4.3% |
| Catering Management Market Value (2022) | US$ 104.3 Billion |
| Catering Management Market Value (2032) | US$ 159.3 Billion |
"The catering management market is expected to expand significantly due to rising demand for ready-to-eat outdoor food and increased accessibility around the world."
Catering services provide healthy and hygienic food to customers as a result of improved foodservice packaging, encouraging many to opt for the same.
Furthermore, on account of the convenience of catering services, it is widely used in restaurants, offices, cafeterias, schools, colleges, and so on, facilitating the adoption of catering services.
The growing penetration of mobile-based payment solutions, such as Samsung Pay, and Google Android Pay, Apple Pay provides customers with the convenience of making payments through online wallets.
Hence, the non-necessity to carry cash while also reducing the time required for payments at the counter is further energizing the catering management market outlook.
The catering management market is also anticipated to grow due to stable economic growth in many developed and developing countries.
Recovering commodity prices, following a significant decline in the previous period, are all aiding market growth, and developed economies are also expected to grow steadily over the forecast period.
Furthermore, emerging markets are expected to grow slightly faster than developed markets during the forecast period.
Stable economic growth is expected to increase demand for the catering management market's services, driving the catering management market during the forecast period.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on the catering management market in 2020.
And as governments around the world imposed restrictions on domestic and international travel, the demand for catering services provided by many establishments dwindled.
National governments' efforts to halt the spread of the virus have resulted in a drop in economic activity, with countries entering a state of lockdown, and the outbreak has had a negative impact on the market throughout 2020 and into 2021.
However, the catering management market growth is expected to recover from the backdrop over the forecast period as it is unrelated to ongoing or fundamental weaknesses in the market or the global economy.
A spike in catering management market size can be observed, and the same is primarily due to companies reorganising their operations and recovering from the COVID-19 impact.
The negative impact faced by catering service companies subsided, which had previously resulted in restrictive containment measures such as the closure of commercial activities, remote working, social distancing, resulting in operational challenges.
The global catering management market is being driven by the FDA's stringent norms and regulations for monitoring and controlling the quality and standards of the food being served.
The same is increasing global concern for food safety and demand for outsourcing catering services to a trusted source, thereby spiking the overall demand for catering services.
Catering services are in high demand in the Asia Pacific due to the region's growing population and the region's growing need for industry players in the organized sector.
Catering is being used as a talent attraction and retention tool by several corporate offices, propelling the catering management market trends forward.
The adoption of catering services is on the surge. An increasing number of companies are showcasing their dining services as an attraction by providing an additional employee benefit rather than just a meal.
Companies are providing subsidized customized menus and dining experiences to employees in order to attract and retain the best talent by increasing employee satisfaction and morale, boosting the overall catering management market.
A more comprehensive dining experience encourages employees to eat together and fosters a sense of belonging to the company. As a result, opens up huge catering management market opportunities as there are numerous themed restaurants and fine dining establishments on campus.
The growing emphasis on the use of technology to improve the customer experience and reduce the amount of time spent waiting for food augurs well for the catering management market future trends.
Moreover, the rapid expansion of global multinationals in emerging markets has provided the impetus to the catering management market statistics to a considerable extent.
Suppliers are increasing their supply capability while implementing performance-based metrics for evaluation and performance monitoring, providing the additional push for industry growth.
Principal Consultant
The catering management market is segmented by service type, application, and region.
Based on application, the corporate segment is anticipated to take the lead in the catering management market, advancing at a CAGR of 2.9% from 2022 to 2032.
An increase in corporate buyer demand for healthier fresh food is assisting the global catering management market.
Food service operators are shifting their focus away from frozen prepared foods and toward healthier meals prepared from fresh ingredients in the location's kitchen.
The contractual catering services segment is likely to hold a major catering management market share and is expected to maintain its dominance during the forecast period.
Some of the major factors expected to aid the leading position of the contractual catering services segment are the constantly changing dynamics of the modern workforce and an insatiable appetite for different types of cuisines.
Furthermore, the introduction of various offers, such as limited-time menu offerings and promotional offers, is likely to drive the contractual catering services segment.
During the forecast period, the North American market is expected to capture a sizeable catering management market share owing to the presence of numerous market players as well as providers of specialised services.
Europe is expected to grow faster than the rest of the world in the catering management market during the forecast period.
The catering management market size in Latin America and the Middle East and Africa region is expected to grow slowly during the forecast period.
In Asia-Pacific, China and Japan are the most important markets for catering management.
Factors such as the growing preference to dine in the office are likely to aid the growth of the Asia-Pacific catering management market during the forecast period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global catering management market is highly consolidated, with five major players controlling the major share.
The top vendors are investing in expanding their international presence and developing strong brand images for their services.
One of the notable catering management market trends in the global catering services market is the increasing number of mergers and acquisitions.
Mergers and acquisitions are being pursued by market participants in order to enter new market, diversify their service portfolio, augment their market share, reduce financial costs, and achieve economies of scale.
Catering management market players are also playing a significant role in bringing about emerging trends in catering management market and various other key strategies.
Numerous companies are forming alliances to cater to colleges, schools, 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, Sodexo, a foodservice and facilities management company, has announced a partnership with HelloFresh, the meal kit leader, to deliver HelloFresh and EveryPlate meal kits to students at over 300 colleges and universities across the United States.
Students can use Sodexo's BiteU app to pre-select, order, and schedule meal kits for delivery.
The catering management market is projected to register a CAGR of 4.3% through 2032.
During the forecast period, North America is expected to lead the catering management market from 2022 to 2032.
Corporate segment is expected to dominate the catering management marketing market over the forecast period.
The catering management market is expected to be valued at US$ 159.3 billion by 2032.
The catering management market accounted for around US$ 101.4 billion in 2021.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Global Hospitality Industry Analysis 3.4. Key Industry Perspective: What Industry Leaders are Saying? 3.5. Value Chain Analysis 3.5.1. Exhaustive List of Active Participants 3.5.1.1. List of Service Providers 3.5.1.2. List of End Users (Existing and Potential Buyer) 3.5.2. Profitability Margins 3.6. Forecast Factors -Relevance and impact 3.7. Macro-Economic Factors 3.8. Regulatory landscape 3.9. Regional Parent Outlook 3.10. Consumers Survey Analysis 4. Global Catering Management Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Bn)& Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Bn)& Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Service Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Bn)& Volume (Units) Analysis By Service Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Bn)& Volume (Units) Analysis and Forecast By Service Type, 2022-2032 5.3.1. Wedding Catering 5.3.2. Social Event Catering 5.3.3. Concession Catering 5.3.4. Restaurant Catering 5.3.5. Others 5.4. Y-o-Y Growth Trend Analysis By Service Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Service Type, 2022-2032 6. Global Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Bn)& Volume (Units) Analysis By Application, 2017-2021 6.3. Current and Future Market Size Value (US$ Bn)& Volume (Units) Analysis and Forecast By Application, 2022-2032 6.3.1. Corporate 6.3.2. Educational Institutions 6.3.3. Healthcare 6.3.4. Industrial 6.3.5. Hospitality Services 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 6.5. Absolute $ Opportunity Analysis By Application, 2022-2032 7. Global Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Bn)& Volume (Units) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Bn)& Volume (Units) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. East Asia 7.3.5. South Asia 7.3.6. Oceania 7.3.7. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Service Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Service Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.3. 9.2.1.6. Rest of Latin America 9.3.1. By Service Type 9.3.2. By Application 9.4. Market Attractiveness Analysis 9.4.1. By Country 9.4.2. By Service Type 9.4.3. By Application 9.5. Key Takeaways 10. Europe Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. Italy 10.2.1.3. France 10.2.1.4. U.K. 10.2.1.5. Spain 10.2.1.6. Russia 10.2.1.7. BENELUX 10.3. Rest of Europe 10.3.1. By Service Type 10.3.2. By Application 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Service Type 10.4.3. By Application 10.5. Key Takeaways 11. East Asia Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.2. By Service Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Service Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Thailand 12.2.1.3. Malaysia 12.2.1.4. Indonesia 12.2.1.5. Rest of South Asia 12.2.2. By Service Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Service Type 12.3.3. By Application 12.4. Key Takeaways 13. Oceania Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. Australia 13.2.1.2. New Zealand 13.2.2. By Service Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Service Type 13.3.3. By Application 13.4. Key Takeaways 14. MEA Catering Management Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Bn)& Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Bn)& Volume (Units) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. North Africa 14.2.1.3. South Africa 14.2.1.4. Rest of MEA 14.2.2. By Service Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Service Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Catering Management Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Service Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Service Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Service Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Service Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Service Type 15.5.2.2. By Application 15.6. France 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Service Type 15.6.2.2. By Application 15.7. Italy 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Service Type 15.7.2.2. By Application 15.8. UK 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Service Type 15.8.2.2. By Application 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Service Type 15.9.2.2. By Application 15.10. Russia 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Service Type 15.10.2.2. By Application 15.11. China 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Service Type 15.11.2.2. By Application 15.12. Japan 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Service Type 15.12.2.2. By Application 15.13. India 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Service Type 15.13.2.2. By Application 15.14. GCC Countries 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Service Type 15.14.2.2. By Application 15.15. Australia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Service Type 15.15.2.2. By Application 15.16. North Africa 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Service Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Service Type 15.17.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Service Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Compass Group Plc. 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Sales Footprint 17.1.1.4. Strategy Overview 17.1.1.4.1. Marketing Strategy 17.1.1.4.2. Product Strategy 17.1.1.4.3. Channel Strategy 17.1.2. Dine Contact Catering 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Sales Footprint 17.1.2.4. Strategy Overview 17.1.2.4.1. Marketing Strategy 17.1.2.4.2. Product Strategy 17.1.2.4.3. Channel Strategy 17.1.3. Sodexo 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Sales Footprint 17.1.3.4. Strategy Overview 17.1.3.4.1. Marketing Strategy 17.1.3.4.2. Product Strategy 17.1.3.4.3. Channel Strategy 17.1.4. Elior Group 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Sales Footprint 17.1.4.4. Strategy Overview 17.1.4.4.1. Marketing Strategy 17.1.4.4.2. Product Strategy 17.1.4.4.3. Channel Strategy 17.1.5. Delaware North 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Sales Footprint 17.1.5.4. Strategy Overview 17.1.5.4.1. Marketing Strategy 17.1.5.4.2. Product Strategy 17.1.5.4.3. Channel Strategy 17.1.6. Aramark Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Sales Footprint 17.1.6.4. Strategy Overview 17.1.6.4.1. Marketing Strategy 17.1.6.4.2. Product Strategy 17.1.6.4.3. Channel Strategy 17.1.7. Westbury Street Holdings 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Sales Footprint 17.1.7.4. Strategy Overview 17.1.7.4.1. Marketing Strategy 17.1.7.4.2. Product Strategy 17.1.7.4.3. Channel Strategy 17.1.8. Thompson Hospitality 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Sales Footprint 17.1.8.4. Strategy Overview 17.1.8.4.1. Marketing Strategy 17.1.8.4.2. Product Strategy 17.1.8.4.3. Channel Strategy 17.1.9. Olive Catering Services 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Sales Footprint 17.1.9.4. Strategy Overview 17.1.9.4.1. Marketing Strategy 17.1.9.4.2. Product Strategy 17.1.9.4.3. Channel Strategy 17.1.10. Ovations Food Services 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Sales Footprint 17.1.10.4. Strategy Overview 17.1.10.4.1. Marketing Strategy 17.1.10.4.2. Product Strategy 17.1.10.4.3. Channel Strategy 17.1.11. Dine Conteact Catering Ltd. 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Sales Footprint 17.1.11.4. Strategy Overview 17.1.11.4.1. Marketing Strategy 17.1.11.4.2. Product Strategy 17.1.11.4.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Catering Management Market
