Catering and food service contractor market

Catering and Food Service Contractor Market, by Application (Corporate, Industrial, Hospitality Services, Healthcare, Educational Institutions, Sports & Leisure and Others) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

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Jan 2019
CMI2429
199 Pages
Excel & Pdf
Food and Beverages

Summary

Global Catering and Food Service Contractor Market – Insights

Catering is a very critical part of the business, especially for network carriers serving long distances. Meal design and meal planning are important processes of catering services. According to International Air Transport Association (IATA), catering planning and catering operations are important areas of activities of catering services. Growing tourism industry is one of the major factors driving growth of the global catering and food service contractor market. According to the Our World in Data, in 2014, international tourist arrivals across regions including Europe, the Americas, Asia Pacific, Africa, and Middle East was 1.14 billion, which increased to 1.24 billion in 2016.

Moreover, increasing preference for mini buffets is also expected to propel growth of the global catering and food service contractor market. Mini meals are convenient and are packed in disposable trays, which are then dropped off at desired locations. Such meals are significantly preferred for smaller gatherings or when there are space constraints. Moreover, hassle-free set-up of mini buffets has led their increasing adoption compared to normal buffet counterparts.

However, increasing number of online food delivery services is a major restraining factor for growth of the global catering and food service market. Online food services make ordering process easier and convenient, maintain cost transparency including price along with other taxes to be charged, and monitor expenses incurring in real-time. These services enable customers to order through mobile app and explore various options of food without the intervention of contractors. The major competitors of the global catering and foodservice contractors pertaining to online food delivery services include, Food Matters, Zomato, Swiggy, UberEats, Foodpanda, Deliveroo, and others.

Figure 1. Global Catering and Food Service Contractor Market Share, By Application, 2017

Source: Coherent Market Insights, 2017-18

Europe is expected to witness significant market share during the forecast period in the global catering and food service contractor market. Market growth in the region is attributed to increasing number of merger and acquisition activities in the region. For instance, in 2017, CH&Co Group and Harbour & Jones merged, which brought the turnover of US$ 299.46 million. The merger of both the companies was aimed to offer catering services across the U.K. and Ireland. Prior to this, in 2015, Harbour & Jones acquired PCC Ltd along with its two brands namely Fare of London and Principals Catering. The deal made the turnover of over US$ 55.48 million. Therefore, increasing M&A activities in Europe is expected to boost the market growth in terms of revenue.

Asia Pacific is expected to account for a significant market share over the projected period in the global catering and food service contractor market. This is majorly attributed to stringent regulations in the region that promote people towards healthy eating. For instance, In April 2017, the Government of Singapore introduced Whole-of-Government (WOG) Healthier Catering Policy. The policy was introduced to encourage healthier eating at homes, workplaces, and communities in Singapore. According to the policy, government entities in Singapore will be provided with healthy food and drinks at the government organized functions, conferences, trainings, and meetings.

Figure 2. Global Catering and Food Service Contractor Market Share (%), By Region, 2017

Source: Coherent Market Insights, 2017-18

Key players in the market are focused on expanding their businesses via establishing subsidiaries. For instance, in June 2018, Neo Group Limited announced the establishment of its wholly-owned subsidiary, Chilli Manis Catering Pte. Ltd., in the Republic of Singapore. The subsidairy aims to work for food establishments, catering, and manufacturing of cooked-food preparations.

Key players operating in the global catering and food service contractor include, Compass Group Plc., Sodexo, Aramark Corporation, Elior Group, Delaware North, Westbury Street Holdings, Ovations Food Services, Thompson Hospitality, Dine Contract Catering, Olive Catering Services, and others.

Table of Content

Table of Contents

Research Objective and Assumptions

Research Objectives
Assumptions
Abbreviations

Market Purview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet By Application

Coherent Opportunity Map (COM)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers

Supply Side Drivers
Demand Side Drivers
Economic Drivers

Cost Tier Down Analysis

Global Catering and Food Service Contractor Market, By Application, 2018- 2026 (US$ Billion)

Introduction

Market Share Analysis, 2017 and 2026 (%)
Y-o-Y Growth Analysis, 2018 - 2026
Segment Trends

Corporate

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Industrial

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Hospitality Services

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Healthcare

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Educational Institutions

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Sports & Leisure

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Others (Defense, Airports, Offshore, Remote, etc.,)

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (US$ Billion)

Global Catering and Food Service Contractor Market, By Region, 2018- 2026 (US$ Billion)

Introduction

Market Share Analysis, By Region, 2017 and 2026 (%)
Y-o-Y Growth Analysis, For Regions, 2018 - 2026

North America

Market Share Analysis, By Country, 2017 and 2026 (%)
Y-o-Y Growth Analysis, By Country, 2018 - 2026

U.S.

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Canada

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Europe

Market Share Analysis, By Country, 2017 and 2026 (%)
Y-o-Y Growth Analysis, By Country, 2018 - 2026

U.K.

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Germany

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Italy

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

France

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Russia

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Rest of Europe

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Asia Pacific

Market Share Analysis, By Country, 2017 and 2026 (%)
Y-o-Y Growth Analysis, By Country, 2018 - 2026

China

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

India

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Japan

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

ASEAN

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Australia

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

South Korea

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Rest of Asia Pacific

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Latin America

Market Share Analysis, By Country, 2017 and 2026 (%)
Y-o-Y Growth Analysis, By Country, 2018 - 2026

Brazil

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Mexico

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Rest of Latin America

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Middle East

Market Share Analysis, By Country, 2017 and 2026 (%)
Y-o-Y Growth Analysis, By Country, 2018 - 2026

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Israel

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Rest of Middle East

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Africa

Market Share Analysis, By Country, 2017 and 2026 (%)
Y-o-Y Growth Analysis, By Country, 2018 - 2026

Northern Africa

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Central Africa

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

South Africa

Country Trends
Market Size and Forecast, By Application, 2018- 2026 (US$ Billion)

Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles

Compass Group Plc.

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Sodexo

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Aramark Corporation

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Elior Group

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Delaware North

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Westbury Street Holdings

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Ovations Food Services

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Thompson Hospitality

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Dine Contract Catering

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Olive Catering Services

Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans

Analyst Views

Section

References
Research Methodology
About us and Sales Contact

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- Frequently Asked Questions -

What are the growth estimates for catering and food service contractor market till 2026?

The global catering and food service contractor market is estimated to surpass US$ 601.9 Billion by 2026.

Which are the prominent catering and food service contractor market players across the globe?

Major players operating in the global catering and food service contractor market include Compass Group Plc., Sodexo, Aramark Corporation, Elior Group, Delaware North, Westbury Street Holdings, Ovations Food Services, Thompson Hospitality, Dine Contract Catering, Olive Catering Services, and others.

What are the key factors hampering growth of the catering and food service contractor market?

Increasing number of online food delivery servicesis one of the major factors that is expected to hamper growth of the market over the forecast period.

What are the key factors driving growth of the catering and food service contractor market?

Growing tourism industryis one of the major factors that is expected to propel growth of the market over the forecast period.

What is the compound annual growth rate (CAGR) of the catering and food service contractor market for next 8 years?

The global catering and food service contractor market is estimated to exhibit a CAGR of 6.35% over the forecast period (2018-2026).

Which region is dominating the catering and food service contractor market growth?

Among regions, Europe and Asia Pacific are expected to account for a significant market sharein the global catering and food service contractor market over the forecast period.