Harrisburg, NC -- (SBWIRE) -- 03/23/2019 -- Global Catering And Food Service Contractor Market Size, Status and Forecast 2025
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.
The Global Catering And Food Service Contractor market was valued at $204,143 million and is expected to grow at a CAGR of 5.6% from 2017 to 2025 to reach $336,192 million by 2025.
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Top Leading Companies are: Compass Group Plc,Sodexo,Aramark Corporation,Elior Group,Delaware North
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.
Contents of the 15 Chapters for This Catering And Food Service Contractor Market Study:-
Chapter 1, to describe Catering And Food Service Contractor Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Catering And Food Service Contractor , with sales, revenue, and price of Catering And Food Service Contractor , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Catering And Food Service Contractor, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Catering And Food Service Contractor market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Catering And Food Service Contractor sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Catering And Food Service Contractor Market, by Type:
Food Service Contractors
Caterers
Catering And Food Service Contractor Market, by End User:
Medical institutions
Educational institutions
Commercial organization
Others
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 report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Catering And Food Service Contractor Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Catering And Food Service Contractor Market Carrier and assist manufacturers and investment organization to better grasp the development course of Catering And Food Service Contractor Market.
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Important attributes of the report:
The 360-degree Catering And Food Service Contractor overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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