Contract Catering Market Report 2024 (Global Edition)

Global Contract Catering Market Report 2024 Market Size Split by Contract Type (Fixed Price, Cost-Plus, Other), by End User (B&I, Education, Healthcare, Senior Care, Sports & Leisure, Remote Sites, Ot...

Contract Catering Market Report Description

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Contract Catering Market Insights Video

Competitive Landscape of the Contract Catering Market

Well-known contract catering producers with a significant international presence included big corporations and smaller businesses. Several integrated health products companies actively populated the contract catering market. Digital ordering, menu management, and consumer interaction platforms may give businesses an edge.

Contract Catering Industry News:

• April 2023, Elior is the new world leader in contract catering and multi-services, employing almost 134,000 people. More than 99% of shareholders at the special meeting approved the purchase of Derichebourg Multiservices. The shareholder's meeting also approved the new governance structure of Elior Group, giving independent directors a stronger role in approving decisions and elevating Derichebourg SA's status as the reference shareholder.

(Source: www.eliorgroup.com/media/press-releases/elior-group-creates-new-global-leader-contract-catering-and-multiservices)

• November 2023, Aramark Collegiate Hospitality will announce a new partnership with the Audubon Nature Institute's sustainable seafood initiative, Gulf United for Lasting Fisheries.

(Source: www.aramark.com/newsroom/news/aramark-collegiate-hospitality-and-audubon-nature-institute-anno)

Top Companies Market Share in Contract Catering Industry: (In no particular order of Rank)

• Compass Group
• Sodexo
• Elior Group
• Aramark Services
• Westbury Street Holdings
• ISS World Services
• Amadeus Food
• Atalian Servest
• Bartlett Mitchell
• Vacherin
• Camst
• Caterleisure Group
• ABM Catering Solutions
• CIR Food
• Connect Catering
• Dine Contract Catering
• Fazer Food Services
• CH & CO Catering
• Interserve Catering
• Blue Apple Catering
• OCS Group
• Olive Catering Services
• SV Group
• The Genuine Dining Co.
• Mitie Catering Services
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

The Asia-Pacific Contract Catering Market dominates the largest share of the global market

According to Cognitive Market Research, Asia-Pacific dominated the market in 2023, predicted to show the fastest CAGR of 7.5%. A major element propelling the regional market is the rising population, rising contract caterers' presence, and their adoption of growth tactics, including supplying new venues, events solutions, and mergers & acquisitions, which are mostly responsible for the expansion. Furthermore, the Asia-Pacific established norm of outsourcing catering services bodes well for the contract catering industry in Asia-Pacific, contributing to the demand for contract catering increased during the forecast period.

The Middle East and Africa region accounted for the largest share of the market because the market in this region is expected to grow at the fastest rate over the projected period due to stringent government legislation concerning food safety and a growing propensity for promoting healthy eating habits across various countries in this region. Growth in international travel is expected to be a major factor in the industry's expansion. Over the forecast year, the target market expansion is also anticipated to be boosted by increased customer demand for micro buffets.

The current report Scope analyzes Contract Catering Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Contract Catering Market

North America Contract Catering Market Analysis

According to Cognitive Market Research, North America held a considerable market share in 2023, accounting for more than 30% of global revenue, and will expand with a CAGR of 4.00% from 2023 to 2030 because it promotes food innovation, presenting fresh and diverse menu selections to stay up with shifting consumer preferences and trends. Initiatives for environmental sustainability and responsiveness for shifting consumer tastes and the business sector is doing well because the economy is stable and businesses are expanding. Moreover, in the North American area, vegan contract catering is presumed to have the fastest growth in the coming years because it can help you lose weight, and there's some speculation that it can help prevent chronic illness as well. Calorie counts tend to be reduced while eating plant-based foods and fat than animal-based ones. This market sector is anticipated to develop fastest throughout the forecast period. In conclusion, According to Cognitive Market Research, rapid urbanization and growth of the initiatives for environmental sustainability will increase the demand during this region's forecast period.

Europe Contract Catering Market

Europe Contract Catering Market Analysis

According to Cognitive Market Research 2023, Europe held a considerable market share in 2023, accounting for more than 36% of global revenue, and will expand with a CAGR of 4.2% from 2023 to 2030. Because of the growing demand for food made with locally grown products that comply with strict ethical standards, increasing sustainability is a prominent concern in the European contract catering business, and changing their menus to include more plant-based and healthy options to satisfy the growing demand. In addition, food service contract catering is predicted to expand rapidly in the European market in the following years because, as an outcome, they have specialized knowledge of food safety laws and regulations. According to the guidelines, you may rest assured that your food will be prepared, kept, and served safely. In conclusion, the Contract Catering market in the European region with developing countries such as Germany, France, Italy, Spain, Russia, and the Rest of the European countries will witness healthy growth during the forecast period.

Asia Pacific Contract Catering Market

Asia Pacific Contract Catering Market Analysis

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 26% of global revenue, and will expand with a CAGR of 6.2% from 2023 to 2030. This can be attributed to several factors, such as the government's increased expenditures on the healthcare sector and the region's contract catering business, which has been affected by the growing interest in health and wellness. Businesses are encouraging wellness and introducing healthier food alternatives. In addition, expanding urbanization and rising consumer disposable income levels will fuel demand. According to Cognitive Market Research, in the Asia-Pacific region, the fixed price category is presumed to witness the most significant growth in the coming years because fixed-price contracts help customers by lowering their financial uncertainty. Contracts that shield customers from unplanned increases in catering expenses due to things like food price hikes or inflation are great for fostering long-term partnerships between caterers and their clients. In conclusion, Asia-Pacific nations, including South Korea, China, Japan, and India, have been at the cutting edge of technology adoption. Contract Catering is in high demand due to a shift in consumer priorities toward healthier options, which has affected contract catering in the area, which fuels the industry's growth during the forecast period.

South America Contract Catering Market

South America Contract Catering Market Analysis

According to Cognitive Market Research, Latin America held a considerable market share in 2023, accounting for more than 5.00% of global revenue, and will expand with a CAGR of 4.8% from 2023 to 2030. This is because there are significant market players for contract catering, and the region's general expansion of regulatory contexts because of the increasing altering menus, service practices, and marketing techniques, all factors growing demand in the contract catering market in this region. According to Cognitive Market Research, the Latin American market is expected to increase in the following years because customers who use this service privately have complete control over the type, quantity, and timing of their food deliveries, improving overall market private category growth. As a whole, rapid urbanization and technical improvement in the contract catering business have contributed to Latin America's rising economies is positive because it creates more chances in this region, which, in turn, results in overall healthy growth over the next few years.

Middle East and Africa Contract Catering Market

Middle East and Africa Contract Catering Market Analysis

According to Cognitive Market Research, the Middle East and Africa held a considerable market share in 2023, accounting for more than 3.00% of global revenue, and will expand with a CAGR of 4.9% from 2023 to 2030. Due to the increase, sustainability techniques, such as minimizing food waste, are gaining prominence, as are digital platforms for online ordering, menu administration, and customer engagement, and contributing to the contract catering industry's sustainable growth and development in the area. According to Cognitive Market Research, the B&I contract catering category will expand in the coming years because businesses and factories that provide on-site dining facilities for their workers tend to have happier staff members. Having food prepared and served right at work can reduce wait times, boosting productivity. In conclusion, According to Cognitive Market Research, initiatives in infrastructure development and the demand for flexible and adaptable food services rise as more people settle in urban areas in the Middle East and Africa, which will grow significantly during the forecast period.

Contract Catering Market Analysis

Contract Catering Contract Type Segment Analysis

According to Cognitive Market Research, fixed-price contracts held the major market share over the forecast period because they reduce customers' financial risks. Contracts can also foster continuous relationships between caterers and clients by protecting them against unanticipated rises in catering costs due to factors like food price increases.

Cost-Plus is the fastest-growing category over the forecast period because cost-plus contracts provide a great deal of openness because they itemize the expenses incurred by the caterer and permit more individualized service provision. Menu options can be made more flexible for diners.

• Fixed Price
• Cost-Plus
• Other

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Contract Catering Industry. Request a Free Sample PDF!

Contract Catering End User Segment Analysis

According to Cognitive Market Research, B&I holds a prominent market share as B&I's availability of on-site food options is a major factor in the happiness of workers in business and industrial settings. Saving time with on-site catering can boost staff productivity. B&I, contract caterers, frequently supply meals for corporate gatherings, including conferences and meetings. This can ease the planning process for businesses, as they can rely on the catering service to manage their dietary and beverage arrangements.

Healthcare is the fastest-growing category over the forecast period, as their desire to contract catering services for the healthcare business is experts at adhering to all applicable rules and dietary restrictions. To ensure that their patients always receive their meals on time and according to their doctors' orders, healthcare catering companies often create sophisticated meal delivery systems, contributing to the market's overall growth.

• B&I
• Education
• Healthcare
• Senior Care
• Sports & Leisure
• Remote Sites
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Contract Catering Service Segment Analysis

According to Cognitive Market Research, food service holds a prominent market share due to being often well-versed in food safety regulations because of their industry. Following the rules guarantees that the food is made, stored, and served in a sanitary manner.

Support services are the fastest-growing category over the forecast period because they include polling customers to assess contentment. Caterers can better meet their customers' needs due to this feedback loop.

• Foodservice
• F&B Services
• Support Services
• Others

Contract Catering End-User Segment Analysis

According to Cognitive Market Research, private companies hold a prominent market share due to the convenience of contract catering services, which provide customers with options for meal preparation and delivery times. Customers in the private sector have complete control over the menu, including how often they receive food when it is delivered, and what kinds of food they receive.

The public is the fastest-growing category over the forecast period because public organizations, including institutions of learning, government buildings, and community centres, can benefit from its affordable food services. Because of this, resources and money can be used effectively.

• Private
• Public

Contract Catering Menu Type Segment Analysis

According to Cognitive Market Research, veganism holds a prominent market share because well-balanced vegan studies have demonstrated that diets work for weight loss, and there is some evidence that they can reduce the risk of chronic conditions as well. Most of the foods in this category come from plants and tend to be low in calories and fat.

Organic is the fastest-growing category over the forecast period because organic goods are sourced regionally and according to the seasons. Using locally sourced and in-season ingredients is a positive selling point for contract caterers.

• Vegan
• Gluten-Free
• Organic
• Conventional

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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