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Rise in business-related travel and increase in number of food joints such as hotels & restaurants fuel the growth of catering and food service contract market.
WILMINGTON, DE, UNITED STATES, July 4, 2025 /EINPresswire.com/ -- Catering and food service contract market size generated $288.8 billion in 2022 and is anticipated to generate $497.7 billion by 2032, witnessing a CAGR of 5.3% from 2023 to 2032.
The catering and food service contract market is hindered by challenges such as volatile food prices and disruptions in the supply chain, making it difficult for businesses to maintain consistent pricing and manage costs effectively. However, growing consumer interest in distinctive dining experiences, along with the rising trend of outsourcing event services, presents significant growth opportunities for catering and food service providers.
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The hospitality and corporate industry, including full-service restaurants, catering, and quick service restaurants, has resumed its business by adhering to stringent hygiene guidelines with capacity cut by 50%. Moreover, restaurants have adopted the trend of home delivery and pick up models due to the pandemic, which, in turn, has prompted restaurants to spend on the catering services. All these factors contribute to the growth of the catering and food service contract market.
Lifestyle and demographic trends indicate an optimistic outlook for the catering and food service contract industry. A return to traditional family celebrations or reunions and increase in numbers of high-income families with busy lifestyles are also positive indications for the catering and food services contract market. Moreover, the Hotel and Catering Institute has demonstrated the latest technology packages relating to food and catering facilities for catering and food appliances, hygiene factors, a variety of dishes, online business, and others also drive the market. Moreover, rise in business related travel, surge in urban population, and rise in number of food joints such as hotels and restaurants fuel the growth of the hospitality industry.
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The catering and food service contract market is segmented into ownership, application, and region. On the basis of ownership, the market is divided into standalone and chain. On the basis of application, it is classified into a corporate, educational institution, healthcare, industrial, hospitality services, sports and leisure, and others. On the basis of region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The Europe region held the highest market share in 2022, accounting for nearly one-third of the global catering & food service contract market revenue, and is expected to maintain its dominance throughout the forecast period. The sustained high rate of GDP growth in Europe over a long period of time has resulted in growth in the per capita income. The growth in disposable income has also facilitated a rise in the spending pattern of the households in this region. People have started spending more on dining out and on securing high-quality catering services for their social gatherings. However, the Asia-Pacific region is projected to attain the fastest CAGR of 6.2% from 2023 to 2032. The Asia-Pacific catering and food service contract market is poised for substantial growth due to the rise in disposable income and evolving consumer preferences in the region.
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Leading Market Players:
ALGOSAIBI SERVICES COMPANY, LTD.
ARAMARK
AUSTRALIAN CAMP SERVICES
CATER CARE HOLDINGS PTY., LTD.
CATERING HQ PTY LTD.
CATERING SOLUTIONS PTE. LTD.
COMPASS GROUP PLC
COMPREHENSIVE SUPPORT SERVICES PTE., LTD.
CONNTRAK CATERING SERVICES.
DELAWARE NORTH COMPANIES, INC.
ELIOR GROUP SA
FUSION FOODS AND CATERING PVT. LTD.
GNOCCI HOLDINGS PTY. LTD.
GULF CATERING COMPANY
ISS A/S
NATIONAL CATERING SERVICES AND FOODSTUFF
NEO GROUP LIMITED
NTUC FOODFARE CO-OPERATIVE LIMITED
OF FOOD CATERING
SATS LTD.
SODEXO
THE RK GROUP
THOMPSON HOSPITALITY CORPORATION
WSH INVESTMENTS LIMITED.
NATIONAL CATERING COMPANY LIMITED WLL
The report provides a detailed analysis of these key players in the global catering and food service contract industry. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
David Correa
Allied Market Research
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