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THE CONTRACT CATERING MARKET SIZE IS EXPECTED TO REACH AROUND USD 264 BILLION BY 2023, GROWING AT A CAGR OF APPROXIMATELY 5% DURING THE FORECAST PERIOD
The contract catering market offers an analysis of market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by
- Industry: B&I, Education, Healthcare, Senior Care, and Others
- Contract type: Fixed Price, Cost-Plus, and Others
- Geography: North America, Europe, APAC, and ROW
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018– 2023
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
CONTRACT CATERING MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE | USD 264 BILLION (2023) |
CAGR | 5% (2017-2023) |
BASE YEAR | 2017 |
FORECAST YEAR | 2018-2024 |
MARKET SEGMENTS | Industry (B&I, education, healthcare, senior care, and others), by contract type (fixed price, cost-plus, and others) |
GEOGRAPHIC SEGMENTS | North America, Europe, APAC, and ROW |
COUNTRIES COVERED | Japan, China, India, US, Canada, France, UK, Italy, Turkey, Brazil, and Mexico |
MARKET INSIGHTS
The global contract catering market is expected to reach $264 billion by 2023, growing at a CAGR of 5% from 2018 to 2023. The constantly changing dynamics of the modern workforce and the insatiable appetite for different types of cuisines are some of the major factors attributing to the growth of the global contract catering market. The growth of safety regimes, the creation of added value, and the adoption of technologies will help vendors overcome operational challenges in the global market. The increasing focus on overhauling menus, harmonizing the ambiance, digitalizing the experience, and paying extra attention to the little details will help companies with addressing dissatisfaction and other challenges in the service industry. The leading companies are focusing on the increasing interrelation of nutrition and productivity and adopting these services in the global market. The rapid proliferation of internet services that have resulted in 15-minute deliveries, access to unimaginable choices, and diverse plates is augmenting a drastic shift in the food and beverage industry. The increasing requirement for a more streamlined and transparent food service will help vendors tap into the new business avenues in the global market. The rising requirement for hospitality and fine dining as a client relationship and business development tool for entertaining guests will help boost revenues in the global contract catering market.
The top vendors are offering flexibility through new service models that leverage an on-demand online system and ad-hoc workplace food offer minus the requirement for on-site facilities and services to gain a larger market share. The caterers are implementing predictive analytics to improve the operational efficiency of catering services, reduce wastage, and speed up the procurement cycle in the market.
Contract Catering Market - Dynamics
The vendors are leveraging digital technologies to enhance the consumers’ food journeys and boost their revenues in the global contract catering market. The exponential proliferation of 4G, RFID, mobile apps, and smartphones is changing the way food is delivered at the customer’s table in the market. Various catering companies are using technologies to provide customers with more information, customized orders, and shorter waiting times. The vendors are focusing on creating rewarding and memorable experiences, and offering greater convenience, choice, and accessibility to the customer thereby, boosting customer loyalty and engagement in the global market. Self-service kiosks, round-the-clock access to good, quality food, and superior retail experience by using innovative vending machines will transform the market over the next few years. Companies are integrating securely connecting technologies, implementing automation, offering consumers control over the buying process, and reducing the snags and obstacles in services to attract new consumers. Digital technologies will transform the global contract catering market over the next few years.
SEGMENTATION ANALYSIS
This market research report includes a detailed segmentation of the market by industry, contract type, and geography.
BY INDUSTRY
Demand for health-food and fresh produce in the B&I sector to drive the growth in the global contract caring market
The global contract catering market by industry is segmented into B&I, education, healthcare, senior care, and others. B&I industry dominated 1/3rd of the total market share in 2017, growing at a CAGR of more than 4% during the forecast period. The diverse social and work lifestyles, the perception of the fast-casual dining, engagement of customers, and workplace trends are some of the factors influencing the use of these services in this market segment. The introduction of varied menu concepts which includes healthy meals, fresh produce, and quality ingredients will boost the adoption of corporate catering services. The concept of live food prep counters and bars serving spirits, cocktails, nitro beer, mocktails, and other drinks are gaining immense popularity in this market segment. Education and healthcare segments are also focusing on the quality of the food and food safety measures in the market. These segments are looking forward to offering attractive, high nutrient food menus, restaurant-style menus, grab and go concepts, room service, on-demand dining, vending options, and hybrid models in the global contract catering market.
BY CONTRACT TYPE
Customer satisfaction will be the main priority of fixed-price contracts in the global contract caring market during the forecast period
The contract type in the global contract catering market is classified into fixed-price, cost-plus, and others. Fixed priced contracts occupied the largest market share in 2017, growing at a CAGR of approximately 5% during the forecast period. The contractors are focusing on customer satisfaction and standards. The growing demand for next-level services is increasing the complexity of these agreements in the global market. Vendors are getting innovative by using uncommon cuts of meat and other foods and simplifying menus wherever possible. Boxing more items on the menu will enable companies to boost their sales and revenues. The fixed cost per head version is gaining immense popularity in the education and healthcare sector in the global contract catering market. The launch of smart refrigerators, personalized meals, and collaborative foodservice companies are associated with cost-plus service agreements in the market. The focus on consistency of quality and service is expected to revolutionize the cost-plus contracts in the global market.
BY GEOGRAPHY
Modernization of traditional dishes in APAC to drive the growth of food service in the global contract caring market
The global contract catering market by geography is divided into North America, Europe, APAC, and ROW. APAC dominated the majority of the market share in 2017, growing at a CAGR of approximately 6% during the forecast period. The new trend towards quick and healthy eating is one of the key drivers of the APAC market. The growing demand for modern versions of traditional dishes and western options constituting the likes of salads and brews is propelling the growth for foodservice in the APAC region. Japan, India, and China are the largest end-users of these revenues in the APAC market. The implementation of government initiatives driving the growth of small and micro businesses will have a positive impact on the overall industry in the APAC region. The bundling of facilities management services and the integration of digital media will drive the growth of the APAC contract catering market. Personalization, fast service, and convenience are some of the main factors attributing to the growth of the market in North America. The US contract catering market is the highest revenue generator in the region. In-house services and in-house chefs are gaining popularity in the European market and driving the demand for foodservice in the region.
The contract catering market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Industry
- B&I
- Education
- Healthcare
- Senior Care
- Others
Contract Type
- Fixed Price
- Cost-Plus
- Other
Geography
- APAC
- Japan
- China
- India
- North America
- US
- Canada
- Europe
- France
- UK
- Italy
- ROW
- Turkey
- Brazil
- Mexico
Frequently Asked Questions
What is the contract catering market size and growth forecast?
What are the factors impacting the growth of the contract catering center market?
Who are the key players in the contract catering market?
The global contract catering market size is expected to reach values of around $264 billion by 2023, growing at a CAGR of approximately 5% 2017–2023.
The global contract catering market is driven by introducing the signature brand, limited-time menu offerings, and promotional items. The leading vendors are offering value additions such as employee support, training, and guaranteed service-level agreements to gain a larger market share. The market research report provides in-depth market analysis and segmental analysis of the global contract catering market by industry, contract type, and geography.
Base Year: 2017
Forecast Year: 2018–2023
The report considers the present scenario of the global contract catering market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and several other prominent companies operating in the market.
Major Vendors in the Global Contract Catering Market
- Compass Group
- Business Overview
- Major Service Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- Sodexo
- Elior Group
- Aramark Services
- WSH
Prominent Players in the Global Contract Catering Market
- ABM Catering Solutions
- Business Overview
- Service Offerings
- Key Strengths
- Key Strategies
- Amadeus Food
- Atalian Servest
- Barlett Mitchell
- Blue Apple Catering
- Camst
- Caterleisure Group
- CH & CO Catering
- CIR Food
- Connect
- Dine Contract Catering
- Fazer Food Services
- The Genuine Dining Co.
- Interserve Catering
- ISS World Services
- Mitie Catering Services
- OCS Group
- Olive Catering Services
- SV Group
- Vacherin
Market Segmentation by Industry
- B&I
- Education
- Healthcare
- Senior Care
- Others
Market Segmentation by Contract Type
- Fixed Price
- Cost-Plus
- Other
Market Segmentation by Geography
- APAC
- Japan
- China
- India
- North America
- US
- Canada
- Europe
- France
- UK
- Italy
- ROW
- Turkey
- Brazil
- Mexico
List of Exhibits
Exhibit 1 Segmentation of Global Contract Catering Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 Defining Elements in the Global Contract Catering Market
Exhibit 4 GDP Growth in Advanced Economies, Emerging Markets and Developing Economies, and Global Market 2010−2023 (annual % change)
Exhibit 5 Global GDP Growth 2017 (annual % change)
Exhibit 6 Evolution of Facilities Management
Exhibit 7 IFS Share of Total Facilities Services 2017
Exhibit 8 IFS Trends 2017
Exhibit 9 FoodXWellbeing and Work: Global and UK Statistics 2017
Exhibit 10 Global Employee Engagement and Retention Statistics 2017/2018
Exhibit 11 Time Spent on Picking up Meals 2017
Exhibit 12 Outsourcing Models for Facility Services Likely to be Used in the Private Sector 2017
Exhibit 13 Global Service Integration and Outsourcing Penetration 2017
Exhibit 14 Global Street Food and Grab ‘n’ Go Trends and Statistics 2017
Exhibit 15 Overview of Food Waste and Reduction Strategies 2017
Exhibit 16 Omnico’s Catering Solutions
Exhibit 17 Global Contract Catering Market 2017−2023 ($ billion)
Exhibit 18 Contract Catering Cost Structure
Exhibit 19 Five Forces Analysis 2017
Exhibit 20 Global Market by Industry Served 2017 & 2023
Exhibit 21 Global Market by Industry ($ billion)
Exhibit 22 Global Contract Catering Market by Industry 2017 & 2023
Exhibit 23 Global Market Growth Comparison by Industry 2017–2023
Exhibit 24 Global Market by B&I Industry 2017–2023 ($ billion)
Exhibit 25 Global Contract Catering Market by Education Industry 2017–2023 ($ billion)
Exhibit 26 Global Market by Healthcare Industry 2017–2023 ($ billion)
Exhibit 27 Global Market by Senior Care Industry 2017–2023 ($ billion)
Exhibit 28 Global Market by Other Industries 2017–2023 ($ billion)
Exhibit 29 Global Market by Contract Type 2017 & 2023
Exhibit 30 Global Market by Contract Type ($ billion)
Exhibit 31 Global Market by Contract Type 2017
Exhibit 32 Global Market Growth Comparison by Contract Type 2017–2023
Exhibit 33 Global Contract Catering Market by Fixed Price Contracts 2017–2023 ($ billion)
Exhibit 34 Global Market by Cost-plus Contracts 2017–2023 ($ billion)
Exhibit 35 Global Contract Catering Market by Other Contracts 2017–2023 ($ billion)
Exhibit 36 Global Market by Geography ($ billion)
Exhibit 37 Global Market by Geography 2017
Exhibit 38 Global Contract Catering Market by Geography 2023
Exhibit 39 Global Market Growth Comparison by Geography 2017–2023
Exhibit 40 Market in APAC 2017–2023 ($ billion)
Exhibit 41 Key Countries in Contract Catering Market in APAC Region
Exhibit 42 Market in Japan 2017–2023 ($ billion)
Exhibit 43 Market in China 2017–2023 ($ billion)
Exhibit 44 Market in India 2017–2023 ($ billion)
Exhibit 45 Market in North America 2017–2023 ($ billion)
Exhibit 46 Key Countries in Market in North America
Exhibit 47 Number of Spots in an Employee’s Lunch Rotation in the US 2017
Exhibit 48 Lunch at Workplace Statistics in the US 2017
Exhibit 49 Market in US by Industry Served 2017
Exhibit 50 Market in US 2017–2023 ($ billion)
Exhibit 51 Market Share in Canada by Region 2017
Exhibit 52 Market in Canada by Industry Served 2017
Exhibit 53 Market in Canada 2017–2023 ($ billion)
Exhibit 54 Market in Europe 2017–2023 ($ billion)
Exhibit 55 Key Countries in Market in Europe
Exhibit 56 Market in France 2017–2023 ($ billion)
Exhibit 57 Market in France by Industry 2017
Exhibit 58 Market in UK 2017–2023 ($ billion)
Exhibit 59 Statistics in the UK 2017
Exhibit 60 Market in Italy 2017–2023 ($ billion)
Exhibit 61 Market in Italy by Industry Served 2017
Exhibit 62 Market in ROW 2017–2023 ($ billion)
Exhibit 63 Key Countries in Market in ROW
Exhibit 64 Market in Turkey 2017–2023 ($ billion)
Exhibit 65 Market in Brazil 2017–2023 ($ billion)
Exhibit 66 Market in Mexico 2017–2023 ($ billion)
Exhibit 67 Value Sought by Clients 2017
List Of Tables
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013−2017
Table 4 Growth of Facilities Services versus Integrated Facilities Services Across Various Geographies 2017
Table 5 YOY Impact of Market Growth Enablers 2017−2023
Table 6 YOY Impact of Contract Catering Market Growth Enablers on Regions 2017
Table 7 YOY Impact of Market Growth Restraints 2017−2023
Table 8 YOY Impact of Contract Catering Market Growth Restraints on Regions 2017
Table 9 YOY Impact of Market Opportunities and Trends 2017−2023
Table 10 YOY Impact of Market Opportunities and Trends on Regions 2017−2023
Table 11 Key Market Success Factors
Table 12 Market Ranking Analysis 2017
Table 13 Compass Group: Service Offerings
Table 14 Sodexo: Service Offerings
Table 15 Elior Group: Service Offerings
Table 16 Aramark: Service Offerings
Table 17 WSH: Service Offerings
Table 18 Camst: Adherence to Standards
Table 19 Qualitative Summary of Global Contract Catering Market
Table 20 Global Contract Catering Market by Contract Type ($ billion)
Table 21 Global Contract Catering Market by Contract Type (%)
Table 22 Global Contract Catering Market by Industry Served ($ billion)
Table 23 Global Contract Catering Market by Industry Served (%)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Contract Type
4.3.2 Market Segmentation by Industry
4.3.3 Market Segmentation by Geography
5 Report Assumptions and Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 State Of Global Economy
7.3 Overview of Facilities Management Industry
7.4 Market Drivers in the FM Industry
7.4.1 Global regulatory and economic developments
7.4.2 Increasing involvement of enterprises in national and international contract procurement
7.4.3 Value-added services gain prominence
7.5 Trends affecting the FM Industry
7.5.1 Multi-generational workplace
7.5.2 Evolution of new workspaces and styles
7.5.3 Smart building and AI
7.5.4 Harnessing strategic insights to fuel decision-making
7.5.5 Robots and AI as a future workforce supplement
7.6 Foodservice Industry Outlook
7.6.1 Catering Service Types
7.6.2 Strategies for staying competitive
8 Contract Catering Market Dynamics
8.1 Contract Catering Market Growth Enablers
8.1.1 Growing popularity of FoodXWellbeing movement
8.1.2 Ongoing productivity and retention puzzle
8.1.3 Emergence of a new age of outsourcing facilities
8.1.4 Growth of integrated facilities management services
8.1.5 YOY Impact of Market Growth Enablers
8.2 Contract Catering Market Growth Restraints
8.2.1 Preference for street food and grab ‘n’ go outlets
8.2.2 Inconsistent food quality and hygiene management
8.2.3 Race for space
8.2.4 Recruitment crisis
8.2.5 YOY Impact of Market Growth Restraints
8.3 Contract Catering Market Opportunities and Trends
8.3.1 Waste not, want not
8.3.2 Enhancing customer journeys
8.3.3 The growth of fresh food subscriptions
8.3.4 Growing momentum of sustainable eating
8.3.5 YOY Impact of Market Opportunities and Trends
9 Global Contract Catering Market
9.1 Contract Catering Market Overview
9.1.1 Market Size and Forecast
9.2 Porter’s Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry
10 Market By Industry Served
10.1 Market Overview
10.2 Global Contract Catering Market by B&I
10.2.1 Market Size & Forecast
10.3 Global Contract Catering Market by Education
10.3.1 Market Size & Forecast
10.4 Global Contract Catering Market by Healthcare
10.4.1 Market Size & Forecast
10.5 Global Contract Catering Market by Senior Care
10.5.1 Market Size & Forecast
10.6 Global Contract Catering Market by Others
10.6.1 Market Size & Forecast
11 Market by Contract Type
11.1 Market Overview
11.1.1 Fixed Price Contracts
11.1.2 Cost-plus contracts
11.1.3 Others
11.2 Global Contract Catering Market by Fixed Price Contracts
11.2.1 Market Size & Forecast
11.3 Global Contract Catering Market by Cost-plus contracts
11.3.1 Market Size & Forecast
11.4 Global Contract Catering Market by Other Contracts
11.4.1 Market Size & Forecast
12 Market By Geography
13 APAC: Contract Catering Market
13.1 Market Size & Forecast
13.2 Key Countries
13.2.1 Japan: Market Size & Forecast
13.2.2 China: Market Size & Forecast
13.2.3 India: Market Size & Forecast
14 North America: Contract Catering Market
14.1 Market Size & Forecast
14.2 Key Countries
14.2.1 US: Market Size & Forecast
14.2.2 Canada: Market Size & Forecast
15 Europe: Contract Catering Market
15.1 Market Size & Forecast
15.2 Key Countries
15.2.1 France: Market Size & Forecast
15.2.2 UK: Market Size & Forecast
15.2.3 Italy: Market Size & Forecast
16 ROW: Contract Catering Market
16.1 Market Size & Forecast
16.2 Key Countries
16.2.1 Turkey: Market Size & Forecast
16.2.2 Brazil: Market Size & Forecast
16.2.3 Mexico: Market Size & Forecast
17 Competitive Landscape
17.1 market overview
18 Market Vendor Analysis
18.1 Market Ranking Analysis
19 Key Company Profiles
19.1 Compass Group
19.1.1 Business Overview
19.1.2 Major Service Offerings
19.1.3 Key Strengths
19.1.4 Key Strategies
19.1.5 Key Opportunities
19.2 Sodexo
19.2.1 Business Overview
19.2.2 Major Service Offerings
19.2.3 Key Strengths
19.2.4 Key Strategies
19.2.5 Key Opportunities
19.3 Elior Group
19.3.1 Business Overview
19.3.2 Major Service Offerings
19.3.3 Key Strengths
19.3.4 Key Strategies
19.3.5 Key Opportunities
19.4 Aramark
19.4.1 Business Overview
19.4.2 Major Service Offerings
19.4.3 Key Strengths
19.4.4 Key Strategies
19.4.5 Key Opportunities
19.5 WSH
19.5.1 Business Overview
19.5.2 Major Service Offerings
19.5.3 Key Strengths
19.5.4 Key Strategies
19.5.5 Key Opportunities
20 Other Prominent Vendors
20.1 ABM Catering Solutions
20.1.1 Business Overview
20.1.2 Service Offerings
20.1.3 Key Strengths
20.1.4 Key Strategies
20.2 Amadeus Food
20.2.1 Business Overview
20.2.2 Service Offerings
20.2.3 Key Strengths
20.2.4 Key Strategies
20.3 Atalian Servest
20.3.1 Business Overview
20.3.2 Service Offerings
20.3.3 Key Strengths
20.3.4 Key Strategies
20.4 Barlett Mitchell
20.4.1 Business Overview
20.4.2 Service Offerings
20.4.3 Key Strengths
20.4.4 Key Strategies
20.5 Blue Apple Catering
20.5.1 Business Overview
20.5.2 Service Offerings
20.5.3 Key Strengths
20.5.4 Key Strategies
20.6 Camst
20.6.1 Business Overview
20.6.2 Service Offerings
20.6.3 Key Strengths
20.6.4 Key Strategies
20.7 Caterleisure Group
20.7.1 Business Overview
20.7.2 Service Offerings
20.7.3 Key Strengths
20.7.4 Key Strategies
20.8 CH&CO Catering
20.8.1 Business Overview
20.8.2 Service Offerings
20.8.3 Key Strengths
20.8.4 Key Strategies
20.9 CIR food
20.9.1 Business Overview
20.9.2 Service Offerings
20.9.3 Key Strengths
20.9.4 Key Strategies
20.1 Connect
20.10.1 Business Overview
20.10.2 Service Offerings
20.10.3 Key Strengths
20.10.4 Key Strategies
20.11 Dine Contract Catering
20.11.1 Business Overview
20.11.2 Service Offerings
20.11.3 Key Strengths
20.11.4 Key Strategies
20.12 Fazer Food Services
20.12.1 Business Overview
20.12.2 Service Offerings
20.12.3 Key Strengths
20.12.4 Key Strategies
20.13 The Genuine Dining Co
20.13.1 Business Overview
20.13.2 Service Offerings
20.13.3 Key Strengths
20.13.4 Key Strategies
20.14 Interserve Catering
20.14.1 Business Overview
20.14.2 Service Offerings
20.14.3 Key Strengths
20.14.4 Key Strategies
20.15 ISS World Services
20.15.1 Business Overview
20.15.2 Service Offerings
20.15.3 Key Strengths
20.15.4 Key Strategies
20.16 Mitie Catering Services
20.16.1 Business Overview
20.16.2 Service Offerings
20.16.3 Key Strengths
20.16.4 Key Strategies
20.17 OCS Group
20.17.1 Business Overview
20.17.2 Service Offerings
20.17.3 Key Strengths
20.17.4 Key Strategies
20.18 Olive Catering Services
20.18.1 Business Overview
20.18.2 Service Offerings
20.18.3 Key Strengths
20.18.4 Key Strategies
20.19 SV Group
20.19.1 Business Overview
20.19.2 Service Offerings
20.19.3 Key Strengths
20.19.4 Key Strategies
20.20 Vacherin
20.20.1 Business Overview
20.20.2 Service Offerings
20.20.3 Key Strengths
20.20.4 Key Strategies
21 Report Summary
21.1 Key Takeaways
21.2 Strategic Recommendations
21.3 Qualitative Summary
21.4 Quantitative Summary
21.4.1 Market Size
22 Appendix
22.1 Abbreviations
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Frequently Asked Questions
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