Global Offshore Catering Services
Market Report
2024
the global offshore catering services market size was USD 7.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global offshore catering services market size was USD 7.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Offshore Catering Services Market Sales Revenue 2022 | $ 7.5 Billion |
Global Offshore Catering Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.6% |
Market Split by Product Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Offshore Catering Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Offshore Catering Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Offshore catering is a business that provides consistent catering services to oil rigs. Growing demand for conventional fuel due to urbanization, globalization, and massive financial development will dampen the proportion of supply and demand. In addition, numerous countries are expanding their capital expenditure (CAPEX) to meet future energy requirements is expected to drive the market demand.
For instance, according to the World Investment Report in 2019, investment in offshore locations enhanced to $93.3 billion from $61.5 billion in 2018.
(Source:www.drishtiias.com/daily-news-analysis/uncdat-world-investment-report-2019)
The exponential increase in the population has expanded the demand for heat and electricity. A significant part of heat and electricity is caused by utilizing conventional fuel. Following this trend, operators are possible to invest in unexploited resources of hydrocarbon, which is set to expand the market. Further, the developed and emerging economies are considerably investing in welfare schemes, infrastructure, and innovation & technology, which stimulates the demand for hydrocarbons. Therefore, key local participants are increasing drilling activities to meet the market. Additionally, the significant expansion of international crude oil is influencing the global upstream gas sector to continuously change the frequency of production and operation, which has led to improved offshore catering services.
For instance, as per the U.S. Energy Information Administration (EIA), global consumption of oil and liquid fuels for 2022 has a standard of around 99.4 million barrels per day, an expansion of 2.1 million barrels per day from 2021.
(Source:www.eia.gov/outlooks/steo/report/global_oil.php)
Establishing a catering business requires considerable capital to cover the costs of renting or buying a suitable location, purchasing equipment, hiring staff, and creating a menu. This can be a major challenge for smaller operations, as the initial investment can be significant. Moreover, the catering industry is becoming increasingly competitive, with new entrants and existing players vying for market share. This makes it challenging for participants to differentiate themselves from the competition and attract consumers.
The COVID-19 pandemic was rapidly spreading everywhere in the globe in 2020. Almost every country registered infected cases. Every country was at diverse stages of the pandemic in 2020-2021. The industrial participants noticed challenges due to lockdowns. In 2020, the collective consequences of the global COVID-19 pandemic, the noteworthy drop in oil demand, and the giant surplus in oil supply resulted in considerably decreased demand for offshore catering services. In 2020, measures to stop the spread of COVID-19 led to an unusual drop in demand for oil & gas. Simultaneously, intervention by OPEC+ in the state of historic production cuts was inadequate to offset the drop in oil & gas demand. As a result, Brent oil prices decreased from pre-COVID groups of USD 50-70 to USD 20-40 per cask.
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The companies continuously strive to offer advanced and innovative solutions to their customers to enhance their market position and expand their customer base. The market players also focus on developing their online presence and brand image to improve customer engagement and increase sales. Overall, the competitive landscape of the offshore catering services market is expected to remain highly dynamic and competitive in the coming years, with key players seeking to gain a more considerable share of the market through strategic initiatives and innovative product offerings.
May 2023: Compass Group UK & Ireland has announced a new strategic partnership with UK-based tech company, Foodsteps, which will give its 4,000+ chefs an improved capability to measure the carbon footprint of the 180.9 million meals they deliver yearly.
(Source:www.fmj.co.uk/compass-partners-with-uk-tech-company-to-decarbonise-millions-of-meals/)
October 2020: Westbury Street Holdings (WSH), the company behind several food service brands operating in the UK and Europe, has acquired Bartlett Mitchell.
(Source: www.bmcaterers.co.uk/news/wsh-acquires-bartlett-mitchell/)
Top Companies Market Share in Offshore Catering Services Industry: (In no particular order of Rank)
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.
According to Cognitive Market Research, North America dominated the offshore catering service market in 2022 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for offshore catering services. This is due to several factors, including the increasing market for offshore oil and gas exploration and exhibition activities and the need for specialized catering services in remote locations. The region is also seeing an increase in the number of offshore catering companies, as well as the number of vessels and rigs that require catering services. This is due to the increasing number of offshore projects in the region and the need for specialized catering services in remote locations.
According to Cognitive Market Research, due to its significant economic size, vast global corporate presence, and diversified population, the United States is anticipated to hold a strong position in this area. This is due to an increase in the number of offshore catering companies that are providing services to the offshore industry. This is due to the increasing demand for specialized catering services in remote locations and the need for specialized catering services in the region. Moreover, increasing demand for offshore services, a growing population, increasing disposable incomes, and favorable tax and labor laws.
The region's market is growing due to several factors, including the increasing demand for offshore oil and gas investigation and production actions and the growing number of offshore projects in the region. Additionally, the region's strong economic growth and the availability of skilled labor also contribute to the market's growth. The market is also being driven by the increasing demand for high-quality catering services and the need for cost-effective solutions. Companies increasingly seek catering services that provide a wide range of services, including food preparation, meal delivery, and catering staff. This is leading to an increase in offshore catering companies in the region.
The current report Scope analyzes Offshore Catering Services 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
The above graph is for illustrative purposes only.
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Global Offshore Catering Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Offshore Catering Services Industry growth. Offshore Catering Services market has been segmented with the help of its Product Type, Application , and others. Offshore Catering Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The catering & hotel staff is the offshore catering services market's most popular service. Catering and hotel staff services are provided by offshore operators to ensure smooth operations. This may include onboard chefs, bakers, waiters, and bartenders. They are responsible for the preparation, cooking, and serving of meals, as well as the stocking of food supplies and the cleaning of the catering areas. Many companies opt to outsource catering and accommodation services to specialized providers with experience in managing offshore environments' unique challenges.
According to Cognitive Market Research, Supply of food, beverages & bonded stores is the second-most popular product. Offshore catering operators provide beverages such as tea, coffee, juices, and soft drinks. Bonded stores refer to liquor and wine stored in designated areas that must be kept under lock and key. The providers are responsible for the supply and maintenance of these items.
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 Offshore Catering Services Industry. Request a Free Sample PDF!
According to Cognitive Market Research, offshore oil is the item that is utilized the most frequently in the market for offshore catering services. Offshore oil catering services refer to the food service operations delivered to offshore drilling platforms and vessels, typically near offshore oil rigs. The catering services supply high-standard foods, from regular meals to meals that meet extreme environmental requirements such as heat insulation and vibration resistance.
Entertainment is the second-most used service. Entertainment catering provides food and beverage services for parties, events, productions, and more. This could include parties to weddings, theatre performances, conferences, sporting events, and film sets. These services may even include designing the menu and providing staff services. High-quality catering services expand the overall guest experience at entertainment events. Delicious food, various menu options, and impeccable service can leave a lasting positive impression on attendees.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Offshore Catering Services Market is witnessing significant growth in the near future.
In 2023, the Catering & Hotel Staff segment accounted for noticeable share of global Offshore Catering Services Market and is projected to experience significant growth in the near future.
The Offshore Oil segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Tsebo , Oceanwide and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Catering & Hotel Staff, Supply of Food, Beverages & Bonded Stores, Galley Equipment & Design, Cleaning of Accommodation, Others |
Application | Offshore Oil, Navy, Entertainment, Others |
List of Competitors | Tsebo, OSSA Offshore Catering, Oceanwide, Global Offshore Logistics, Oceanic, Al Kuhaimi, Aramark, Al.Ma.Alimentari Marittimi, Compass Group, Trail Network Sdn. Bhd., Conntrak Catering Services, Bayam Group, MAKO COMPANIES, Northern Marine Group, FOSS & ESG, Alfa-Meli Sdn. Bhd., Bailey Support Services, Trinity International Services Ltd., Zodiac Marine Services, Acadiana, LLC |
This chapter will help you gain GLOBAL Market Analysis of Offshore Catering Services. Further deep in this chapter, you will be able to review Global Offshore Catering Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Offshore Catering Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Catering & Hotel Staff have a significant impact on Offshore Catering Services market? |
What are the key factors affecting the Catering & Hotel Staff and Supply of Food of Offshore Catering Services Market? |
What is the CAGR/Growth Rate of Offshore Oil during the forecast period? |
By type, which segment accounted for largest share of the global Offshore Catering Services Market? |
Which region is expected to dominate the global Offshore Catering Services Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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